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 around $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.
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.
Categories under the channel segment of the automotive data logger market are controller area network (CAN) & controller area network flexible data (CAN FD), local interconnect network (LIN), FlexRay, and ethernet. Among these, the CAN & CAN FD category accounted for the largest market share in 2020, due to the escalating use of this data-communication protocol in vehicles for allowing communications and transmitting data at 1 Mbps speed with an extensive level of data integrity. Due to these benefits, the category will continue to hold the dominant position throughout the forecast period.
Whereas, Asia-Pacific (APAC) is expected to exhibit the fastest growth in the automotive data logger market throughout the forecast years, due to the existence of a vast automobile manufacturing base in the region. Moreover, the accelerating industrialization rate and flourishing infrastructure sector in APAC nations will also propel the market growth in the region in the upcoming years. Besides, the surging adoption of advanced electronic components in automobile architecture will also augment the market growth in the immediate future.
Therefore, the rising demand for in-vehicle connectivity features and accelerating technological advancements in the automotive sector will drive the market growth in the forecast years.