Data Logger Global Market Report 2024

The data logger market size has grown strongly in recent years. It will grow from $7.89 billion in 2023 to $8.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed during the historical period can be attributed to several factors, including increased availability of data, advancements in machine learning algorithms, emphasis on business intelligence, regulatory compliance requirements, and the cross-industry applications of data analytics.

The data logger market size is expected to see strong growth in the next few years. It will grow to $10.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The projected growth in the upcoming period can be attributed to several factors, including an increased emphasis on real-time data analysis, advancements in natural language processing (NLP), greater integration with artificial intelligence (AI), a focus on explainable AI in data mining, and an expanding scope in healthcare analytics. Major trends expected in the forecast period encompass technological advancements in data processing, augmented analytics, real-time data mining, graph-based data mining, as well as enhanced data privacy and security measures.

The anticipated surge in demand for data is set to drive the growth of the data logger market in the future. Data, referring to collected, recorded, and stored information for analysis or future use, is increasingly needed for collection and monitoring across various industries. This growing necessity has led to increased demand for data loggers, which are essential in gathering, storing, and analyzing information over time. As industries acknowledge the importance of data in improving operations, ensuring compliance, and optimizing processes, the demand for data loggers is expected to continue rising. For example, according to the UK Parliament in June 2023, the supply of data scientists from universities was unlikely to exceed 10,000 per year, while potentially at least 178,000 data specialist roles remained unfilled. Thus, the increasing demand for data is fueling the expansion of the data logger market.

Key players in the Data Logger market are actively developing innovative technologies such as the TRX D8 2 to enhance their market profitability. The TRX D8 2 is a vehicle data logger designed to collect and process data from next-generation radar, lidar, and camera sensors while the vehicle is in motion. For instance, Klas, an Ireland-based provider of advanced networking and compute technologies, launched the TRX D8 2 in June 2023. It is the first adaptable vehicle data logging solution supporting PCIe and network-based logging with up to 200Gbps of data logging write speeds and up to 240TB of storage. Built on Intel's 10th Gen Xeon-D processor, the TRX D8 2 is engineered to withstand high ambient air temperatures and extremes of temperature, vibration, and shock. This technology significantly contributes to the data logger market by offering a reliable and efficient solution for logging and processing data from various sources such as cameras, lidar, and radar sensors. Its adaptability and rugged design make it suitable for various applications, and its modular architecture allows for easy integration into different R&D test platforms.

In September 2022, Ellab Validation & Monitoring Solutions, a Denmark-based provider of validation, monitoring, and calibration solutions and services, acquired CalX Instrumentation Services Limited for an undisclosed amount. This acquisition enables Ellab to offer customers in Ireland a comprehensive portfolio of validation, calibration, and monitoring solutions, including equipment, on-site validation services, and field calibrations. With the addition of CalX, Ellab Ireland aims to further develop customer relationships and infrastructure. CalX Instrumentation Services Limited, based in Ireland, specializes in data logger solutions, providing calibration management, and instrumentation sales.

Major companies operating in the data logger market report are Robert Bosch GHbh, Thermo Fisher Scientific Inc., ABB Ltd., Dickson, Live International Corporation, Biogen Inc., MicroDAQ, Fluke Corporation, Xylem Inc., Keysight Technologies, Analog Devices Inc., Omega Engineering Inc., Mesa Labs Inc., Dwyer Instruments Ltd., Delphiin Technology AG, DIGITRON ITALIA SRL, Chauvin Arnoux Inc., Pico Technology, Tecnosoft srl, AEMC Instruments, KIMOCOREA.CO.LTD., Madge Tech Inc., Lascar Electronics, ThermoWorks, TMI Orion, G-Tek Corporation, Brainchild Electronic Co Ltd., Elab A/S, GE Valprobe.

North America was the largest region in the data logger market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data logger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the data logger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The data logger market consists of revenues earned by entities by providing services such as connectivity solutions, data logger software, cloud-based solutions, industrial sector, environmental monitoring, transportation, and logistics. The market value includes the value of related goods sold by the service provider or included within the service offering. The Data Logger market consists of sales of data logger devices, and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

A data logger is an electronic device designed to record data over time or about location, either using a built-in instrument or sensor or via external instruments and sensors. These devices find applications in various fields, including environmental monitoring, health data logging, and scientific experimental testing.

The primary types of data loggers include electronic data loggers, wireless data loggers, and mechanical data loggers. Electronic data loggers are electronic devices equipped with built-in instruments or sensors, or they can interface with external instruments to record data over time or about location. They can measure various parameters such as temperature, pressure, humidity, and power, and come in different configurations including single-channel and multi-channel. Electronic data loggers are utilized across industries such as manufacturing, automotive, oil & gas, and energy & power.

The data logger market research report is one of a series of new reports that provides data logger market statistics, including data logger industry global market size, regional shares, competitors with data logger market share, detailed data logger market segments, market trends, and opportunities, and any further data you may need to thrive in the data logger industry. This data logger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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