Impact of Covid-19 Outbreak on Automotive Data Logger Market Share

27/mag/2020 14:39:25 Automotive Market Research Reports Contatta l'autore

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Each component of an automobile plays a dynamic role in operations; therefore monitoring all key parameters are of paramount importance. Fluctuations in vibration, pressure, voltage, and temperature, even at the slightest degree can subject the automobile to threat for errors and mishaps. data loggers are critical in monitoring various applications of an automotive and have gained widespread adoption in recent years. Market Research Future (MRFR) has recently released a comprehensive report on the global automotive data logger market which covers essentials accruals on the market based on key trends and patterns that can affect the growth of the market over the forecast period of 2017-2023. MRFR has projected a CAGR of 7.2% in the market. At the projected rate, the market is expected to catapult to USD 4.75 Bn by the end of 2023.

The automotive industry is developing technologies to optimize various functionalities of automobiles to ensure safety for both vehicles and passengers. Such measures have increased the incorporation of data loggers ion automotive. Moreover, autonomous vehicles and electric vehicles are on the rise, which has provided a massive opportunity for the expansion of the automotive data logger market.

Technological advancements in automotive data logger space have made them smarter. Data loggers are now reducing in size and are compatible with wireless devices. Such add-on features have spurred the demand for automotive data loggers which has subsequently driven the automotive data logger market.

On the downside, the market growth might be hindered by the high cost of data acquisition systems and scarcity of skilled technicians for the installation and maintenance of data loggers.

Segmentation

The global automotive data logger market has been segmented based on channel and connection type.

By channel, the data logger market has been segmented into CAN & CAN FD, Ethernet, FlexRay, and LIN. The Ethernet segment is likely to project rapid growth over the forecast period. Increasing sales of autonomous vehicles where ethernet primarily finds application can be credited for the growth of the segment. Moreover, the advantages of rapid data transfer speed have also been key in driving the growth of the segment.

By connection type, the automotive data logger market has been segmented into Bluetooth / Wi-Fi, SD card, and USB. The Bluetooth / Wi-Fi segment is dominating the market. However, the SD card segment is anticipated to exhibit considerable growth over the forecast period. SD cards are cheap, convenient, and help in the prevention of data loss.

Regional Analysis

Region-wise, the automotive data logger market has been segmented into the Americas, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

The Americas is the dominate automotive data logger market. The existence of key players in the region and heightened focus on driver safety are factors motivating the market growth. Other factors include stringent government safety manuals which prompt the use of such advanced systems in automotive. Additionally, increasing sale of electric cars is also favoring the growth of the market.

Europe is likely to be a significant market for an automotive data logger. The region being a global automotive manufacturing hub experiences high demand from OEMs who are well-positioned to incorporate the latest technologies in the sector. moreover, the sale of high-end cars is considerably high in the region which reflects favorably on the growth of the market.

Competitive Landscape

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

Industry Updates

April 2019 - ADATA, a memory and storage manufacturer, launched its new lineup of microSD cards that can be used for industrial automation and automotive data loggers. ADATA's IUDD362 are designed to offer enhanced endurance and a longer lifespan as compared to conventional microSD cards.

 

Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.

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