Pune, India, July 2021, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Automotive Data Logger Market
Market Research Future (MRFR) Announces the Publication of its Cooked Research Report — Global Automotive data loggerMarket 2020–2026.
The automotive data logger market,in terms of value, is projected to reach USD 5.75 billion by 2026, registering an 7.2%CAGR during the study period.
The report coverssegmentation and drivers for a better glimpse of the market in the coming years.The global automotive data logger markethasregistered significant growth in adoption rates over the past few years, owing to the increasingly complex electronic architecture in modern vehicles and rising adoption of data logging solution applications in the automotive industry.
The global market for automated data loggers has witnessed significant growth over the forecast period due to the increasing electronic architecture in modern vehicle content. Several domestic, regional, and global players operate in the automated data logger market who continuously strive to gain a notable share of the overall market. During the study, MRFR has analyzed some of the major players in the global automated data logger market,contributing to market growth. These include Aptiv, Vector Informatik Gmbh, Continental AG, Racelogic, IPETRONIK GmbH & Co. KG, National Instrumentation Corporation, TTTech Group, Xilinx, Interpid Control System Inc., Samsung Electronics Co. Ltd. (Harman), and Horiba Ltd.
Among these, Aptiv, Continental AG, Samsung Electronics Co. Ltd. (Harman), National Instruments Corporation, and Xilinx, Inc. are among the top five players in the global automated data logger market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.APTIV focuses on building a more enhanced business and accelerating the development of innovative products, solutions, and services that help its customers gain a competitive advantage over its rivals. The company’s growth and product portfolio of advanced technologies enable the development of safer, greener, and more connected mobility solutions. This is driving the higher growth in products and increased the growth in the automotive industry.
Access full report @ https://www.marketresearchfuture.com/reports/automotive-data-logger-market-6676
The increasingly complex electronic architecture in modern vehicles and rising adoption of data logging solution applications in the automotive industrywill spur market growth. The global market for automotive data loggersolutions has been segmented based on channel, connection type, application, and end market.Based on the channel, the global automotive data logger market is divided into Controller Area Network (CAN) & CAN FD (Controller Area Network - Flexible Data-Rate), Local Interconnect Network (LIN), FlexRay, and Ethernet. The CAN & CAN FD segment accounted for the largest market share of 42.9% in 2019, with a market value of USD 1,323.9 million; it is expected to register a CAGR of 11.0% during the forecast period.
Based on connection type, the global Automotive Data Logger market has been segmented into Secure Digital (SD) card, Universal Serial Bus (USB), Bluetooth or Wireless Fidelity (Wi-Fi), and Cellular Modem. The USB segment accounted for the largest market share of 36.6% in 2019, with a market value of USD 1,131.6 million; it is expected to register an 11.6% CAGR during the forecast period.
Based on application, the global automotive data logger market has been segmented into on-board diagnostics, ADAS & safety, fleet management, and automotive insurance. The on-board diagnostics segment accounted for the largest market share of 34.9% in 2019, with a market value of USD 1,079.4 million; it is expected to register a CAGR of 10.7% during the forecast period.
Based on the end market, the global automotive data logger market is divided into original equipment manufacturers (OEMs), service stations, and regulatory bodies. The OEMs segment accounted for the largest market share of 60.1% in 2019, with a market value of USD 1,859.3 million; it is expected to register a CAGR of 10.7% during the forecast period.
Based on region, the global automotive data logger market report has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The automotive data logger market in Asia-Pacific is expected to register the highest CAGR of 15.2% from 2020 to 2026 due to the increasing implementation of data logging devices, software tools, hardware, and vehicle electronic network across business organizations. Asia-Pacific accounts for the major share of the global market and is anticipated to uphold its dominance over the study period; developing and developed countries such as China, India, Japan, South Korea, and Australia are the largest contributors in the global automotive markets. The expansion of the manufacturing sector and the advancement of infrastructure in developing countries have opened new opportunities for automotive manufacturers. As a result, Asia-Pacific is expected to be the fastest-growing market for automotive data logger systems in the region.
Europe is anticipated to have a high market share in the automotive data logger market with a valuation of USD 1,009.1 million in 2019. The automotive data logger market is looking to implement electric architecture in the latest vehicles to accomplish optimum efficiency. Many countries in the region have witnessed an increase in the adoption of electric cars, and emerging countries are preparing for the same trends. The shift to electric vehicles would result in increased demand for automotive data logger systems in the coming years. Small-sized onboards are installed in the vehicle in the connectors, which collects, stores, and transforms the data about the vehicle route using GPS, recording the conversation, and using technical diagnostics. Key companies are APTIV Plc, Continental AG, Racelogic, and IPETRONIK GmbH & Co. KG. Europe is further segmented into the UK, Spain, Italy, Germany, France, Turkey, Bulgaria, Russia, Romania, Ukraine, and the rest of Europe.