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The global automotive data logger market is estimated to be USD 3.1 billion in 2020 and is projected to reach USD 4.4 billion by 2025, at a CAGR of 7% from 2020 to 2025.
The market growth is primarily driven by the growth in the complexity of electronic architecture in modern ICEs and electric vehicles because of the stringent emission regulations as well as the growing number of luxury vehicles and their embedded features. In such cases, a lot of effort goes into developing these advanced features, which require extensive use of data loggers.
ADAS & safety segment in post-sales application is estimated to be the fastest-growing segment of the automotive data logger market, in terms of value, by 2025
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BST Awards 2020: Best buy-side AI platform or tool MarketAxess
This year has been chaotic for the markets, bringing to the fore the importance of having access to real-time actionable data and liquidity. MarketAxess has spent the past three-and-a-half years developing its AI-powered pricing engine, Composite+, in a bid to tackle these challenges in the fixed-income markets, and this year it has secured the prize for the best AI platform category at the Buy-Side Technology Awards. In response to the volatility in March and April, David Krein, global head of research at MarketAxess, says the firm has taken steps to improve the AI engine’s resilience for coping with higher demand for real-time pricing data. “Traders need more information faster [in times of crisis] than they do under normal conditions, because they have less sense of where the market stands,” Krein adds.