Data Logger Market Size Forecast to Reach $10.2 Billion by 2026

Data Logger Market Size Forecast to Reach $10.2 Billion by 2026Data Logger MarketThe 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 Market Size is forecast to reach $10.2 billion by 2026, at a CAGR of 7.0% during 2021-2026. The increasing implementation of technologically advanced solutions in 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 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, 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. 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 2021-2026.

Data Logger Market Segment Analysis - By Input parameter

Temperature segment data logger market held significant market share of 25.2% in 2020. 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 January 2020, MadgeTech launched TCTempX16, a thermocouple-based temperature data logger that offer 16 channel of simultaneous data monitoring. It provides around 4,000,000 time and date stamp readings with the flexibility to disable channels to ensure maximum memory capacity. These factors contribute effectively to the adoption of the temperature data logger thereby enhancing the Data Logger market share.

Data Logger Market Segment Analysis - By End User

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 2021, Xylon, has validated the interoperability of its LogiRecorder Automotive Video Data Logger with the Nvidia Drive AGX scalable AI platform. 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 2021-2026.

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Data Logger Market Segment Analysis - By Geography

Data Logger market in North America region held significant market share of 40.5% in 2020. 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 2019, Council of Supply Chain Management Professionals (CSCMP) reported the spending on business logistics reached 8% of US Gross Domestic Product (GDP) of $20.5 trillion during the fiscal year 2018. The adoption of automation across the industries in the United States for seamless integration of hardware and software resources enabling manufacturers to enhance the operational efficiency by actively monitoring the equipment supports the growth of the market. Also, the compliances of products such as sterling medical devices across the supply-chain by Federal agency such as Food and Drug Administration in the region regulates the data logger market growth.

Data Logger Market Drivers

Shifts towards Autonomous Vehicles:

The emergence of autonomous vehicles will have significant ramifications for data loggers. Data logger, records estimations or events at certain intervals at a specific time period. These are used in vehicles as automotive data logger 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. In 2020, Klas automotive solutions, introduced new hardware purpose-built for autonomous vehicle research & development. 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, U.K. government and technology companies have invested $520 million into R&D and testing of connected and autonomous Vehicles in 2020. Similarly, U.S. government is starting to work on a national policy for autonomous cars, and has committed to invest $4 billion over the course of 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 2021-2026.

Penetration of PXI modular instruments in the military and defense and telecom industries

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. 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 the 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 European Union are investing heavily for the development of these industries. In 2019, Germany has committed to invest $47 billion in R&D of Aerospace industry. Similarly, France has committed to invest $10 billion for the research and development activities in Telecommunication sector. 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 2021-2026.

Data Logger Market Challenges

Lack of trained workforces for the development of advanced data loggers

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 which support 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 which can perform multiple functions at a time. Ethernet and Flex Ray are currently incorporated in high-end vehicles owing to their higher and 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 2021-2026.

Data Logger Market Landscape

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, Delphi Technologies, Vector Informatik GmbH, Continental AG, Harman International, Racelogic Ltd., National Instruments, TTTech Computertechnik AG, Xilinx, Intrepid Control Systems, Inc., among others.

Acquisitions/Product Launches

In 2019, Cryopak launched the Contactless Temperature Logger (CTL), a data logger with wireless sensor capabilities to its existing portfolio of cold chain data loggers. The CTL features a plug-and-play design that captures temperature data and presents it in the form of PDF, Excel and Raw data. Additionally, the data can be transferred via mobile app and is compatible with Android, IOS and Windows platforms.

In 2019, Testo has introduced a new range of data loggers for building climate monitoring, named testo 160. The range has 5 models, featuring small size and deco-covers. It measures, monitors and documents temperature, humidity, light intensity, UV radiation, CO2 concentration and atmospheric pressure continuously, precisely and automatically.

Key Takeaways

Automotive segment is expected to witness a highest CAGR of 8.5% during 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.

Data Logger market in North America region held significant market share of 40.5% in 2020. 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.

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.

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