Global Data Logger Market 2017-2021
About Data Logger
A data logger is an instrument that records events or measurements at different intervals during a specific period of time. Data loggers are equipped with electronic sensors that are specific for different measurements. The components of a data logger include a microprocessor, a data storage unit, single or multiple sensors, and a battery or power socket. Data loggers can be stand-alone devices with internal sensors. Data loggers can perform a specific measurement alone. They can also be multi-channel devices with two or more internal and external sensors that are capable of measuring various sets of data.Technavio’s analysts forecast the global data logger market to grow at a CAGR of 11.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global data logger market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, and sales volume.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Data Logger Market 2017-2021
Technavio recognizes the following companies as the key players in the global data logger market: National Instruments and Keysight Technologies
Other Prominent Vendors in the market are: Accsense Monitoring Systems and Data Loggers, Acumen Instruments, AEMC Instruments, Thermo Fisher Scientific, Delphin Technology, Delta OHM, Dickson, Digitron Italia, Eltek, Lascar Electronics, and MadgeTech.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing popularity of SoCs. An SoC is an IC that packages all the necessary electronic components into a single microchip. Currently, the market is witnessing a rapid increase in the demand for SoCs, primarily because of the factors such as the rapid technological developments and the changing customer needs. SoCs are used in small and complex electronic devices such as smartphones, tablets, and portable gaming devices. They help develop compact and highly reliable electronic products. Some of the benefits associated with SoCs are the high density of functions, high on-chip frequencies, high reliability, and moderate unit costs.”
According to the report, one of the major drivers for this market is Increasing demand for test, measurement, and control solutions. The increasing needs for automation systems/modules across various end-user segments have extensively increased the demand for data loggers. To create an automated environment, the systems/modules need to be equipped with multiple measurement sensors (data loggers) that record and communicate data. These data loggers and their measurement criteria depend purely on their applications.
Further, the report states that one of the major factors hindering the growth of this market is High capital investment for software solutions. The efficiency of data loggers will only be realized by integrating software solutions that help analyze and optimize the data logger's area of application. However, the initial cost of acquiring and integrating software solutions by connecting various data loggers either wirelessly or by Ethernet/USB cables is high. This makes it hard for small and medium end-users to procure such software solutions, which limits the growth of the global data logger market. However, the challenge is mainly for the end-users that opt for stand-alone data loggers. It is also expected that the prices of customized software integration services by the vendors are expected to reduce substantially by the end of the forecast period.
National Instruments, Keysight Technologies, Accsense Monitoring Systems and Data Loggers, Acumen Instruments, AEMC Instruments, Thermo Fisher Scientific, Delphin Technology, Delta OHM, Dickson, Digitron Italia, Eltek, Lascar Electronics, and MadgeTech.