Press release
Prominent Data Logger Market Trend for 2025: Vehicle Data Logger Setting New Standards in Efficiency and Adaptability
How Are the key drivers contributing to the expansion of the data logger market?The escalating requirement for data is anticipated to accelerate the expansion of the data logger market in the future. Data constitutes information that is assembled, logged, and saved for analysis or further use. The growing necessity for data gathering and surveillance across different sectors has fueled the demand for data loggers. These devices are crucial in collecting, preserving, and scrutinizing information over time. As various industries understand the significance of data in improving operations, assuring compliance, and refining processes, the demand for data loggers is predicted to continually increase. For example, the UK Parliament reported in June 2023 that the annual production of data scientists from higher education institutions was not expected to surpass 10,000, despite a potential 178,000 vacant data specialist positions. Hence, the amplified need for data is driving the expansion of the data logger market.
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What growth opportunities are expected to drive the data logger market's CAGR through 2034?
The market for data loggers has experienced significant growth in recent years. It will expand from $8.52 billion in 2024 to $9.16 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The historic period's growth is due to factors such as improved data accessibility, the advancement of machine learning algorithms, a focus on business intelligence, regulatory compliance requirements, and applications across various industries.
Expectations are high for the data logger market size to experience significant expansion in the coming years. By 2029, it is predicted to increase to $11.63 billion, with a compound annual growth rate (CAGR) of 6.1%. This projected growth during the forecast period can be linked to a heightened focus on instantaneous data analysis, developments in natural language processing (NLP), deeper incorporation with artificial intelligence (AI), and the interest in explainable AI for data mining. Furthermore, the burgeoning role in healthcare analytics is a driver. Notable trends for the forecast period encompass technology advancements in data processing, amplified analytics, immediate data mining, graph-based data mining, and amplified data privacy and security precautions.
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What are the emerging trends shaping the future of the data logger market?
Leading companies in the Data Logger market are pioneering fresh technologies like TRX D8 2.0 to boost their market earnings. TRX D8 2.0 is a car data logger planned to assemble and handle data from the imminent generation of radar, lidar, and camera sensors when the car drives. Take, for example, Klas, a firm from Ireland that offers advanced networking and computing systems, unveiled the TRX D8 2.0 in June 2023. It is the inaugural flexible car data logging solution to back up PCIe and network-oriented logging with a capability of writing data at 200Gbps and affords up to 240TB of storage. TRX D8 2.0, founded on Intel's 10th Gen Xeon-D processor, is constructed to function in high ambient air conditions and resist extreme temperature, vibration, and shock. Its presence significantly impacts the data logger market by delivering a dependable and effective system for logging and processing data from diverse sources such as cameras, lidar, and radar sensors. Its versatility and solid construction make it apt for an array of applications, while its modular design facilitates effortless integration into assorted R&D testing platforms.
Which growth-oriented segments of the data logger market are leading the industry's development?
The data logger market covered in this report is segmented -
1) By Type: Electronic Data Logger, Wireless Data Logger, Mechanical Data Logger
2) By Measurement: Temperature, Pressure, Humidity, Power
3) By Channel: Single Channel, Multi-Channel
4) By Industry: Manufacturing, Automotive, Oil And Gas, Energy And Power
Subsegments:
1) By Electronic Data Logger: Temperature Data Logger, Humidity Data Logger, Pressure Data Logger, Voltage Data Logger, Current Data Logger
2) By Wireless Data Logger: Bluetooth Data Logger, Wi-Fi Data Logger, Cellular Data Logger, Zigbee Data Logger
3) By Mechanical Data Logger: Chart Recorders, Strip Chart Data Loggers, Mechanical Thermographs
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What regions are leading the charge in the data logger market?
North America was the largest region in the data logger market in 2024. 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.
What companies are at the forefront of innovation in the data logger market?
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, Chau*vin 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
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What Is Covered In The Data Logger Global Market Report?
• Market Size Forecast: Examine the data logger market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data logger market for a structured understanding.
• Key Players Overview: Analyze major players in the data logger market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data logger market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data logger market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data logger market.
• Industry Challenges: Identify potential risks and obstacles affecting the data logger market.
• Competitive Landscape: Review strategic developments in the data logger market, including expansions, agreements, and new product launches.
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