Data Logger Market - Industry Analysis, Market - Forecast(2024 - 2030)

Data Logger Market Size is forecast to reach $13.37 billion by 2030, at a CAGR of 7.0% during 2024-2030. The increasing implementation of technologically advanced solutions in the automotive industry for monitoring various factors of automobiles such as vibration, temperature, acceleration, wireless sensors, and shock is expected to boost the data logger market share. High demand for measurement and control operations, production in the utilization of electric vehicles, rising demand for autonomous vehicle testing with the help of highly developed electronic architecture in modern vehicles, and a rising need for the controlled process to progress competence as well as to increase the equipment life has substantially are expected to act as major growth drivers for data logger market. On the other hand, a High-speed controller area network is the most commonly used communication interface in automobiles. It allows a communication speed of up to 1 Mbps and a high level of data integrity. Furthermore, The data logger market is witnessing significant growth due to increasing demand for monitoring and tracking applications across various industries such as agriculture, healthcare, and transportation. Additionally, the adoption of IoT-enabled devices and sensors further boosts the demand for data loggers. Moreover, stringent regulations regarding environmental monitoring and food safety are fueling market growth. Key players are focusing on developing innovative solutions to cater to evolving customer needs, contributing to the overall expansion of the data logger market globally. Further increasing demand for automated gadgets will further boost ample opportunities that will lead to the growth of the data logger industry in the forecast period 2024-2030.

The report: “Data Logger Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Data Logger market

By Type: Automated Systems/Modules, Stand-Alone Data Loggers.

By Deployment: USB Data, Bluetooth Enabled Logger, Web-based Systems, Wireless.

By Channel: CAN & CAN FB, Ethernet, FlexRay, Local Interconnect Network.

By Input Parameter: Temperature, Pressure, Humidity, Voltage, and others.

By End User: Oil & Gas, Manufacturing, Automotive, Power Utilities, Healthcare, Food and beverage, Logistics, others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa)

• The Data Logger market in the North American region held a significant market share of 41% in 2023. With the rise of industries such as logistics gaining momentum in the United States, it has become essential for service providers to enhance the quality of goods transported, some of which could be crucial to health and safety, hence monitoring temperature and humidity in the transportation of goods leveraging the growth of temperature data loggers in the region.

• The automotive segment is expected to witness the highest CAGR of 8.5% during the forecast period, the increasing integration of technologically advanced solutions in the automotive sector for monitoring several factors including temperature, vibration, acceleration, and shock among others are driving the market growth. 

• The increase in the penetration of PXI platform-based modular instruments (PXI modular instruments) in the military and defense and telecom industries is one of the major drivers in the global data logger market.

• Data Logger companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

 

Temperature segment data logger market held significant market share of 25.2% in 2023. The temperature data loggers provide means to track temperature and humidity conditions in an environment where monitoring is required as per adhere to legislation. For instance, the pharmaceutical industry requires temperature monitoring to be wireless as the data transfers throughout various storage areas as it allows for seamless collection data into one platform by eliminating the needs of wire. In addition, temperature data loggers allow for data to be monitored remotely over the internet with wireless sensors via the cloud and thereby ensures the reliability of the data by auto-connecting and resume of uploading of data without any human intervention ensuring real-time and seamless data recording and analysis. Also, temperature data loggers deliver an accuracy from 0.10-degree Celsius and allow temperatures to be monitored from outside the autoclave, container without altering the environment. Additionally, these data loggers send alerts whenever the temperature reaches certain thresholds and thereby allows companies to respond to temperatures changes in real-time and avoid any product deterioration. Moreover, companies increasingly investing for R&D in this segment. In June 2023, Klas introduced TRX D8 2.0, a groundbreaking automotive data logger supporting PCIe and network-based logging, boasting up to 200Gbps write speed.. These factors contribute effectively to the adoption of the temperature data logger thereby enhancing the Data Logger market share.

Automotive segment is expected to witness a highest CAGR of 8.5% the forecast period, the increasing integration of technologically advanced solutions in automotive sector for the purpose of monitoring of several factors including temperature, vibration, acceleration and shock among others are driving the market growth. In addition, rise in the need for optimization of safety of vehicles along with passengers and proliferation in the utilization of electric vehicles are the major factors driving the automotive data logger market. The increasing demand for autonomous vehicle testing with advanced electronic architecture in modern vehicles, the adoption of electronic architectures in modern vehicles by key players to attain optimum efficiency and consumer inclination towards electric cars, especially in developed regions accelerate the data logger market size in automotive sector. Further advancements in automotive data loggers drive the market growth. For instance, in 2023, Xylon launches Quattro, a fourth-gen data logger and HIL system for autonomous driving and ADAS testing, supporting up to L5 autonomy. With 128Gbps data bandwidth, 128TB storage, and compatibility with 16 cameras up to 32MP, it ensures comprehensive and future-proof automotive development. This data logger helps automotive developers to record and archive all sensor stimuli, in addition it replays the collected road data straight out of the box. Hence these factors are analyzed to drive the data logger industry outlook in the forecast period 2024-2030.

Data Logger market in North America region held significant market share of 35% in 2023. With the rise of industries such as logistics gaining momentum in the United States, it has become essential for service providers to enhance the quality as goods transported, some of which could be crucial to health and safety, hence monitoring temperature and humidity in the transportation of goods leveraging the growth of temperature data loggers in the region. For instance, in 2022, the Council of Supply Chain Management Professionals (CSCMP) reported that business logistics costs in the US reached $2.3 trillion, a 19.6% increase from 2021. This is the highest mark ever recorded and represents 9.1% of the US's nominal gross domestic product (GDP) in 2022. The adoption of automation across industries in the United States for seamless integration of hardware and software resources enabling manufacturers to enhance operational efficiency by actively monitoring the equipment supports the growth of the market. Also, the compliance of products such as sterling medical devices across the supply chain by Federal agency such as the Food and Drug Administration in the region regulates the data logger market growth.

The emergence of autonomous vehicles will have significant ramifications for data loggers. Data logger records estimations or events at certain intervals at a specific period. These are used in vehicles as automotive data loggers for ensuring the safety of people and also the vehicle. A large number of vehicle sensors, including high-definition cameras and LIDARS generate a massive, continuous flow of data that needs to be treated in real time. The TRX D8 which was launched by Klas is an in-vehicle storage and compute system, a ruggedized device designed specifically for logging the massive amounts of data accumulated in autonomous vehicle drive testing. Moreover, with the emergence of autonomous vehicles, The UK government has provided $ 23.2 million in funding to UK companies to strengthen the capabilities of connected and automated mobility. The Centre for Connected and Autonomous Vehicles (CCAV) and Innovate UK are also financing the Commercialising Connected and Automated Mobility: Supply Chain (CCAMSC) competition. This competition is for 13 projects with a total grant funding request of between $ 251000 and $#2.5 million. Similarly, the U.S. government is starting to work on a national policy for autonomous cars and has committed to invest $4 billion for the next 10 years to accelerate the development and adoption of safe vehicle automation through real-world pilot projects. Hence these investments in the automotive industry for autonomous vehicles are analyzed to be the key opportunities for the growth of the data logger market during the forecast period 2024-2030.

The increase in the penetration of PXI platform-based modular instruments (PXI modular instruments) in the military defense and telecom industries is one of the major drivers in the global data logger market. The penetration of PXI modular instruments is rapidly increasing in the military and defense and telecom industries due to their high integration capability and usability. PXI modular instruments can easily integrate traditional measurement equipment and automate the process, machine control, and machine vision. Therefore, to enhance the incorporation of better data acquisition equipment, data loggers are used. Adding up to this, several countries in the European Union are investing heavily in the development of these industries. Germany's aerospace industry has witnessed remarkable growth with revenues soaring to EUR 39 billion in 2022, marking a quadruple increase. Renowned for innovation, the sector stands as one of the nation's most dynamic and successful industries. Similarly, The French government's $ 58.05 billion investment plan, France 2030, includes a 5G and 6G R&D support scheme. The plan will allocate $806.3 million of the France 2030 budget to the R&D support scheme by 2025. The plan's projects will focus on three areas. Hence these investments and developments create demand for PXI Modular instruments in the region thereby accelerating the growth of data logger market share during the forecast period 2024-2030.

Despite the high reliance on OEMs and service stations on advanced automotive data logger software and equipment, the market lacks experienced professionals to work on these complex architectures. The most commonly supported channel by automotive data loggers is the Controller area network channel, as it has been widely used in the industry. Thus, some skilled technicians can manufacture efficient data loggers that support the Controller area network and LIN channels. However, with new and improved communication technologies such as Ethernet gaining momentum in the automotive market, the industry faces a significant lack of skilled manpower for the manufacture of high-quality data loggers that can support the new-age channels. Ethernet is a faster bus system that can perform multiple functions at a time. Ethernet and Flex Ray are currently incorporated in high-end vehicles owing to their higher and more complex controllers and coding, resulting in the higher cost of skilled resources who can develop such data loggers. Hence these factors hamper the market growth in the forecast period 2024-2030.

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Data Logger market. Data Logger top 10 companies include Robert Bosch GmbH, National Instruments, Vector Informatik GmbH, Keysight Technologies, Yokogawa Electric Corporation, ABB Group, Thermo Fisher, Kimo Instruments, Hioki E.E. Corporation, Intrepid Control Systems, Inc. among others.

 In March 2023, ABB launched CoriolisMaster and ProcessMaster flowmeters, powered via ethernet cable for data transmission, reducing installation time and costs. ProfiNet ensures reliable data transmission, minimizing errors. Built-in web server simplifies flowmeter setup, offering access to parameters and data logging, reducing commissioning time and costs.

 In December 2022, Intrepid Control Systems revolutionized automotive networking with cutting-edge tools like ValueLOG, an affordable vehicle interface and data logger, and neoVI RED 2, boasting 8x CAN FD, 2x LIN, and 2x 100/1000BASE-T interfaces. Additionally, the neoVI Fire 3 set a new standard with 16x CAN FD, 8x LIN, and 3x Ethernet interfaces, making it the pinnacle of multi-protocol vehicle interfaces and data loggers.