According to the newly published report by Fior Markets, the global automotive data logger market would raise from USD 7.56 Billion in 2017 to USD 14.89 Billion by 2025. The market is expected to achieve a CAGR of 8.84% during the forecast period from 2018-2025. North America offers a great market opportunity for high-performance vehicles, so the region dominates the market. Advanced technologies including cameras, sensors, and ECUs are a necessary part of testing and diagnosis of these vehicles and North America is the key manufacturer of these technologies.
Global Automotive Data Logger Market by Application, Channels, Connection Type, End Market, Region, Global Industry Analysis, Market Size, Share, Growth, Trends” and Global Forecast 2018-2025.
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Top companies in the industry include Robert Bosch GmbH, Delphi Technologies, Vector Informatik GmbH, Continental Automotive GmbH, Harman International and among others. U.S, Germany, U.K, China, and Japan are offering greater opportunities. Key players are hardly working to obtain market share by focusing on new product developments and venture capital investments. Thermo Fisher Scientific revealed new instrument for isotype analysis which helps to improve the measurement of site-specific and clumped-isotope-ratio analysis of molecules.
The application segment contains pre-sales and post-sales. The pre-sales application segment is influencing the market along with the market value of USD 2.89 Billion. This is because data loggers are widely used in the automotive industry. They are easy to use and provide reliable information. Channels segments are classified into CAN & CAN FD, Ethernet, Flexray, and LIN. CAN & CAN FD segment valued at USD 1.47 Billion in 2017. The segment is ruling the market as it offers a very fast communication speed high performance and low system effort. Connection Type contains Bluetooth/ Wi-Fi, SD Card, and USB. In Connection Type, Bluetooth, which valued around USD 1.73 Billion in 2017, is shaping business growth. Increase in the amount of data would generate the requirement of high-speed real-time data transfers. The regulatory bodies’ segment is progressing at the highest rate of CAGR of 10.2% in the forecast period as the industry is focusing to develop new priorities and technologies of manufacturing self-driving cars and environment-friendly vehicles.
Increase in production of electric vehicle and autonomous vehicle testing stimulating the growth of the data loggers market. Technological advancements in modern vehicles are also helping manufacturers to achieve new milestones in manufacturing products. But Inefficient and unskilled workforce and high cost associated with data acquisition systems are projected to restrain the growth of the market. Based on real-time vehicle data, the market coming years is expected to act as an opportunity to boost up the market in the future.
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