Data Logger Market for Automotive market is projected to register a CAGR of 7.2% during the forecast

As per the analysis presented by Market Research Future (MRFR), the Global Data Logger Market for Automotive 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. The developing nations are anticipated to exhibit a similar trend. 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. The post-sales segment is sub-segmented into ADAS & safety, automotive insurance, fleet management, and OBD.

By channels, the global automotive data logger market has been segmented into CAN & CAN FD, ethernet, FlexRay, and LIN. Among these, the ethernet segment is poised to strike a relatively higher CAGR during the forecast period.

By connection type, the automotive data logger market has been segmented into Bluetooth / Wi-Fi, SD card, and USB. Among these, the Bluetooth / Wi-Fi segment has been projected to account for a comparatively larger share of the market over the next couple of years.

Regional Analysis:

The geographical study of the global automotive data logger market spans across Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is, a present, holding the dominant position in the global market and is expected to expand at a healthy pace over the next couple of years. A number of factors are working hand in hand for the development of the automotive data logger market in the region which include growth strategies of the key players, early adoption of technologies, rising demand for electric cars, etc.

Europe is an important regional market which is projected to thrive at a relatively higher CAGR through the forecast period. The region houses the largest automotive sector of the world and is well-equipped for the adoption of technological developments. Furthermore, the region is likely to generate automotive data logger demand owing to the introduction of high-end automobiles in the market.

Competitive Dashboard:

Some of the prominent players operating in the global automotive data logger market Continental Automotive GmbH (Germany), Delphi Technologies (UK), are Robert Bosch GmbH (Germany), Vector Informatik GmbH (Germany), National Instruments (US), TTTech Computertechnik AG (Austria), Racelogic (UK), Harman International (US), Intrepid Control Systems, Inc. (US), HEM Data Corporation (US), Xilinx (US), Danlaw Technologies India Limited (India), MEN Micro Inc. (US), MadgeTech, Inc (US), Dewesoft d.o.o. (Slovenia), Influx Technology (UK), myCarma (Canada), Ipetronik GmbH & Co. KG. (Germany), NSM Solutions (India), and Transtron Inc. (Japan).

Industry News:

In August 2018, Holley, a Kentucky-based automotive performance company, has launched the improvised version of its Super Sniper which brings enhanced data logging to the customers.

In November 2018, Continental AG, a German automotive manufacturing company, has invested USD 10.3 Mn in the U.S. market for new equipment and facility in Winchester, Virginia.

In December 2018, a German automotive manufacturing company, Continental AG, has announced its investment in India for the production of premium automotive interior surfaces in 2020.