Factors such as the rising integration of intelligent, compact, lightweight electrical and electronic systems in passenger vehicles and the surging need to monitor and analyze real-time automobile data to optimize passenger and vehicle safety will boost the automotive data logger market growth during the forecast period (2021–2030). According to P&S Intelligence, the market revenue reached ~$3 billion in 2020. Nowadays, the mounting investments being made by market players in the advancement of automotive data logger systems have become a prominent market trend.
One of the key growth drivers for the market is the booming demand for in-vehicle connectivity features worldwide. To meet this demand, automakers are increasingly integrating in-vehicle connectivity solutions in their offerings, through partnerships with consumer electronics and software vendors. The installation of advanced features such as automotive data logger solutions enables automobile manufacturers to collect data and then provide information about the functions of systems such as lane assist and automatic brake.
At present, the companies operating in the automotive data logger market are primarily focusing on product launches to march ahead in the competition. For instance, in March 2019, Vector Informatik GmbH launched Indigo 6 for comfortable editing, strong debugging support, and smooth testing of diagnostic sequences. Likewise, in April 2021, Xylon d.o.o. introduced logiRECORDER, an automobile video data logger equipped with NVIDIA DRIVETM AGX scalable artificial intelligence (AI) platform. This AI-enabled video data logger helps in speeding up the validation of robust AI-supported automotive systems.
The automotive data logger market is also presumed to touch a valuation of USD 4.75 Billion by 2023-end.
Leading automotive OEMs are adopting several tactics to mitigate the negative impact on their businesses by assessing their dealerships to resume services.
The short-term impact of COVID-19 in the automotive sector has led to shutting down of assembly plants in the United States (US), manufacturing interruptions across Europe and ceased export of Chinese components.
(Slovenia), HEM Data Corporation (the U.S.), Danlaw Technologies India Limited (India), MEN Micro Inc. (the U.S.), Ipetronik GmbH & Co. KG.
(Germany), MadgeTech, Inc (the U.S.), Influx Technology (the U.K.), NSM Solutions (India), myCarma (Canada), and Transtron Inc. (Japan).Market Segmentation MRFR’s detailed segmental market review comprises application, channels, as well as connection type.
Ethernet can remain the most rapidly expanding segment throughout the review period, on account of its fast data transfer speed.
Global automotive data logging market is projected to register a CAGR of 7.2% during the forecast period 2017 to 2023.
The valuation of the market is presumed to reach USD 4.75 Bn mark by the end of 2023.
The growing demand for high-end automobiles is likely to drive the expansion of the market in the foreseeable future.Real-time data about vehicles facilitated performance efficiency which is expected to propel the expansion of the automotive data logger market in the next couple of years.
Furthermore, the thriving automotive sectors in the developed regions have generated demand for electric cars.
This, in turn, is poised to propel the expansion of the automotive data logger market across the projection period.The ongoing trend of the adoption of autonomous vehicles has also unleashed tremendous opportunities for the market participants.
On the flip side, expensiveness of the system and lack of skilled labor are likely to hinder the growth of the automotive data logger market in the upcoming years.Market Segmentation:By application, the global automotive data logger market has been segmented into pre-sales and post-sales.
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