Pune, May 31, 2021 (GLOBE NEWSWIRE) -- Automotive Data Logger Market Analysis
The global automotive data logger market will touch USD 5.75 billion at a 7.2% CAGR in the forecast period (2020- 2027), states the current Market Research Future (MRFR) report. Data logger, simply put, is an electronic instrument that records estimations or events at certain intervals at a specific time period. These are used in vehicles as automotive data logger for ensuring the safety of people and also the vehicle.
Alluring Features that Bolster Market Growth
According to the MRFR report, there are numerous factors that are propelling the automotive data logger market growth. Some of these entail the increased incorporation of technologically advanced solutions in the automotive industry to monitor different factors of vehicles like shock, acceleration, vibration, temperature, and others that has optimized the safety of passengers and cars, the proliferation in the use of electric cars, growing demand for autonomous car testing through advanced electronic architecture in modern cars, and growing developments and technological innovations in the auto industry to monitor and analyze real-time vehicle data. The additional factors adding market growth include the rising inclination towards automation, increase in production of electric cars and autonomous vehicle testing, and technological advances in modern cars.
On the contrary, the high price of data acquisition systems, lack of efficient and skilled workforce to install and maintain data loggers, and improper analyses and collection of data may impede the global automotive data logger market growth over the forecast period.
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COVID-19 Analysis
According to MRFR analysis, there has been a huge drop in the sales of vehicles during the first quarter of 2020 following the shutdowns across various countries and the fluctuations in the price of oil. Top automotive OEMs are using several tactics for mitigating the negative effects on their business via assessing their dealerships for resuming services. The pandemic’s short-term impact has resulted in the closure of assembly plants in the US, interruptions in manufacturing across Europe, and ceased the export of Chinese components. Till the time the breakthrough is not attained, the auto industry may remain resilient, considering the ongoing efforts by top companies for curbing revenue losses by using recovery tactics like mergers and acquisitions, and others.
The outbreak impacted supply chains of the auto sector owing to the government imposed lockdowns on industrial activities and others, thus creating a scarcity of components and raw materials. This disruption in the auto sector has lowered the need for data logger solutions. Governments however have recently granted permission for manufacturing activities and trade and also began vaccination drives in different countries, that is likely to re-establish expansion of auto industries and boost the need for data loggers subsequently.
Market Segmentation
The MRFR report highlights on an inclusive analysis of the global automotive data logger market based on connection type, channels, and application.
Based on application, the global automotive data logger market is classified into post-sales and pre-sales. The post-sales segment is again segmented into OBD, fleet management, automotive insurance, and ADAS & safety. Of these, the post-sales segment will lead the market over the forecast period.
By channels, the automotive data logger market is segmented into LIN, FlexRay, Ethernet, and CAN & CAN FD. Of these, ethernet will dominate the market over the forecast period for its quick data transfer speed.
By connection type, the global automotive data logger market is segmented into USB, SD card, and Bluetooth/Wi-Fi. Of these, the Bluetooth/Wi-Fi segment will spearhead the market over the forecast period while the SD card segment will grow at a fast pace over the forecast period.
Regional Analysis
Americas to Reign Automotive Data Logger Market
Geographically, the global automotive data logger market is bifurcated into Europe, Americas, the Asia Pacific, and the Middle East and Africa (MEA). Of these, the Americas will reign the market over the forecast period. Frequent technological advances, enthusiasm shown by vendors to adopt latest technologies, the rising uptake of electric cars in the wake of rising environmental concerns, and early adoption of innovations are adding to the global automotive data logger market growth in the region. Besides, the use of high-performance vehicles is also adding market growth. To test and diagnose these cars advanced technologies such as ECUs, sensors, and cameras are needed that are largely manufactured in the region.
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Europe to Hold Second-Largest Share in Automotive Data Logger Market
In Europe, the global automotive data logger market is predicted to hold the second-largest share over the forecast period. Fast adoption of electronic architectures in the auto industry, increasing sales of electric cars, the presence of leading economies like France, UK, and Germany coupled with developing nations like Russia and Turkey that are the largest market for automobiles, the region being the hub for adoption of advanced features in automobiles, rapid industrialization, and infrastructural developments are adding to the global automotive data logger market growth in the region.
APAC to Have Healthy Growth in Automotive Data Logger Market
In the APAC region, the global automotive data logger market is predicted to have healthy growth over the forecast period. The region being the hub for automobile production, rapid industrialization, and infrastructural developments are adding to the global automotive data logger market growth in the region.
In the MEA, the global automotive data logger market is predicted to have sound growth over the forecast period.
Key Players
The leading players profiled in the global automotive data logger market report include Transtron Inc. (Japan), myCarma (Canada), NSM Solutions (India), Influx Technology (the U.K.), MadgeTech, Inc (the U.S.), Ipetronik GmbH & Co. KG. (Germany), MEN Micro Inc. (the U.S.), Danlaw Technologies India Limited (India), HEM Data Corporation (the U.S.), Dewesoft d.o.o. (Slovenia), Intrepid Control Systems, Inc. (the U.S.), Xilinx (the U.S.), TTTech Computertechnik AG (Austria), National Instruments (the U.S.), Racelogic (the U.K.), Harman International (the U.S.), Continental Automotive GmbH (Germany), Vector Informatik GmbH (Germany), Delphi Technologies (the U.K.), and Robert Bosch GmbH (Germany), among others.
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The global automotive data logger market is fragmented and also competitive with the presence of many domestic as well as international industry players. They have incorporated assorted strategies to stay at the forefront and also cater to the surging needs of the customers, including collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.
Industry Updates
April 2021- Xylon has validated logger for use with Nvidia Drive AGX.
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