Data Logger Market Trends

  • Report ID: 5189
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Data Logger Market Trends

Growth Drivers

  • Advancement in Wireless Communication The growth of wireless technologies, including Wi-Fi, Bluetooth, and cellular networks, has enabled remote data monitoring and real-time data collection. According to a study, more than 70 % of companies indicated that 5G would undoubtedly benefit their current WIFI system. This capability has significantly expanded the application areas for data loggers, especially in remote and hard–to–reach locations.
  • Energy Management & Sustainability–Businesses and institutions are placing more emphasis on energy efficiency and sustainability. Data loggers that track energy consumption, power usage, and environmental conditions help organizations optimize their operations and reduce their carbon footprint.
  • Automotive and Transportation - The automotive industry employs data loggers for performance testing, vehicle diagnostics, and automotive safety systems. These devices assist in collecting data related to vehicle parameters, fuel efficiency, and driver behavior, and with automotive sales increasing, by 2021, 66.7 million units will have been sold.

Challenges

  • Limited Connectivity in Remote Areas- While wireless connectivity has improved, there are still remote areas with limited or no network coverage. In such locations, transmitting data from data loggers to centralized systems can be difficult, requiring alternative solutions like satellite communication.
  • Maintenance and Reliability
  • Regulatory Compliance

Data Logger Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

12.7%

Base Year Market Size (2023)

 USD 9.02 Billion

Forecast Year Market Size (2036)

 USD 42.68 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5189
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of data logger is assessed at USD 10.04 Billion.

The 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. Advancement in wireless technologies, increasing adoption of IoT , surging automotive electronic are some of the major growth drivers for the market of data loggers .

North America industry is anticipated to account for 35% of the revenue share by 2036, owing to early adoption of industrial automation and IoT technologies across various industries in the region.

NATIONAL INSTRUMENTS CORP, Keysight Technologies, ABB, Robert Bosch GmbH, G-Tek Corporation, Thermo Fisher Scientific Inc, KIMOCOREA.CO., LTD., Dickson, Inc., DIGITRON ITALIA SRL, Delphin Technology AG, Chauvin Arnoux, Inc. d.b.a. AEMC Instruments., Lascar Electronics
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample