Data Logger Market size was valued at USD 9.02 Billion in 2023 and is expected to exceed USD 42.68 Billion by 2036, expanding at over 12.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of data logger is assessed at USD 10.04 Billion.. As industries increasingly adopt automation and Internet of Things (IoT) technologies, the demand for data loggers has surged. A report estimated that the number of connected devices will quadruple by 2030, from 15.1 billion in 2020 to more than 29 billion. Data loggers play a vital role in collecting and transmitting real-time data from various industrial processes and equipment, enhancing operational efficiency, monitoring, and maintenance.
Many industries, such as pharmaceuticals, food and beverage, and healthcare, are subject to strict regulations that require accurate data monitoring and recording. Data loggers offer a reliable solution for ensuring compliance with these regulations by maintaining accurate and traceable records.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
12.7% |
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Base Year Market Size (2023) |
USD 9.02 Billion |
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Forecast Year Market Size (2036) |
USD 42.68 Billion |
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Regional Scope |
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Type (Electronic Data Logger, Wireless Data Logger, Mechanical Data Logger)
The wireless data logger segment is anticipated to account for 52% of the global data logger market owing to a surge of networks switching to cloud systems. According to a report, 94% of businesses use cloud services, 67.5 percent of enterprise infrastructure is now cloud-based, and 92% of businesses have multi-cloud strategies in place. With advantages such as data analysis being carried on with test analysis, the segment is gaining much profit.
Channel (Single -Channel, Multi-Channel)
Multi-channel data loggers are expected to garner the highest market value, owing to their user-end customization to fit any application feature. And with the world moving towards the digital era, multi-channel data loggers fit right in being user-friendly, gaining popularity.
Industry (Manufacturing, Automotive, Oil & gas, Energy & Power)
Data logger market from the automotive segment is estimated to hold the largest revenue share, owing to electronic systems being used more and more in automobiles. According to projections, the cost of a new car will be made up of about 50% electronics by 2030. The number of autonomous vehicles is expected to increase from an anticipated 31.4 million in 2019 to 54 million in 2024, which will further increase the demand for automotive electronics, increasing the market for data loggers.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Channel |
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Industry |
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North American Market Forecast
The data logger market in North America is anticipated to have the largest market value by the end of 2036 accounting for 35 % of the market, owing to the early adoption of industrial automation and IoT technologies across various industries. According estimates, IoT connections are anticipated to reach 5.4 billion by 2025, in North America alone. Industries in the region are subjected to strict regulations, particularly in fields such as healthcare, pharmaceuticals, and food safety. This drives the demand for data loggers that can ensure compliance and accurate data recording.
European Market Statistics
The data logger industry in Europe is seen to have a prominent opportunity, due to the emphasis placed in the region on environmental monitoring, energy efficiency, and regulatory compliance. Data loggers are essential for accurate data gathering and analysis in sectors including pharmaceuticals, agriculture, and logistics.
Author Credits: Abhishek Verma
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