IMARC Group has recently released a new research study titled “Data Acquisition (DAQ) System Market Report by Component Type (Hardware, Software), Speed (High Speed (>100 KS/s), Low Speed (<100 KS/s)), Channel (< 32 Channels, 32-128 Channels, > 128 Channels), End User (Aerospace and Defense, Energy and Power, Automotive and Transportation, Wireless Communication and Infrastructure, Water and Wastewater Treatment, Healthcare, Food and Beverages, and Others), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global data acquisition system market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
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Data Acquisition System Market
A data acquisition system (DAS) is a specialized system designed to gather, measure, and process various forms of data from the real world. The data can be in the form of physical parameters like temperature, pressure, or electrical signals from sensors, machines, or instruments. Data acquisition systems (DAS) offer a wide array of advantages across various industries, such as accurate data collection, real-time monitoring, improved efficiency, data integration, versatility, historical data storage, remote monitoring, improved decision-making, reduction of cost, compliance and reporting, research advancements, and enhanced safety.
Data Acquisition System Market Trends:
The increasing adoption of the Internet of Things (IoT) across various sectors is creating a demand for robust data acquisition solutions thus facilitating the growth of the market. In addition to this, the escalating need for data accuracy and precision in industries such as manufacturing, healthcare, and automotive is amplifying the significance of data acquisition systems thus proliferating the demand for the market.
Moreover, the integration of advanced technologies like machine learning (ML) and artificial intelligence (AI) into data acquisition solutions is revolutionizing data analysis which in turn is impelling the market growth. Besides this, increasing focus on the research and development (R&D) of aerospace and healthcare is further aggravating the demand for the market.
In line with this, the automotive and aerospace industries are undergoing significant transformations, with a shift towards electric vehicles (EVs), autonomous driving, and space exploration thereby bolstering the demand for the market. In recent years the quality and diversity of sensors have advanced and data acquisition systems are designed to interface with a wide range of sensors thus fueling the market growth.
Data Acquisition System Market Report Segmentation:
By Component Type:
Hardware
· External Chassis and Modules
· Plug-In Analog I/O Boards
Software
· Bundled
· 3rd Party
Breakup by Speed:
· High Speed (>100 KS/s)
· Low Speed (<100 KS/s)
Breakup by Channel:
· < 32 Channels
· 32-128 Channels
· 128 Channels
Breakup by End User:
· Aerospace and Defense
· Energy and Power
· Automotive and Transportation
· Wireless Communication and Infrastructure
· Water and Wastewater Treatment
· Healthcare
· Food and Beverages
· Others
Breakup by Region:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
Competitive Landscape with Key Players:
The competitive landscape of the data acquisition (DAQ) system market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· ABB Group
· AMETEK Inc.
· Emerson Electric Co.
· Fortive Corporation
· General Electric (GE) Company
· Honeywell International Inc.
· Keysight Technologies
· National Instruments Corporation
· Rockwell Automation Inc.
· Schneider Electric SE
· Siemens AG
· Spectris PLC
· Yokogawa Electric Company
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the data acquisition system market include ABB Group, AMETEK Inc., Emerson Electric Co., Fortive Corporation, General Electric (GE) Company, Honeywell International Inc., Keysight Technologies, National Instruments Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Spectris PLC and Yokogawa Electric Company.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Data Acquisition System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/data-acquisition-system-market/download-sampleMarket DynamicsThe key factors contributing to the growth of data acquisition systems are the growing adoption of industrial automation and the ever-increasing importance of data monitoring, as it helps with early fault detection and improved operational efficiency.
The increasing need for precision and accuracy in measurement applications related to end-use industries and the rising demand for equipment that helps make strategic decisions in enterprises positively influence the DAQ system market.The demand for central monitoring is rising as more and more industries are coming up in remote places, thereby driving the DAQ system market.
Other factors such as the application of Industry 4.0 in the automotive and aerospace industry, growing investment in renewable energy power plants, infrastructure, power transmission, and distribution are fueling the demand for DAQ systems.
Furthermore, increasing adoption of the SCADA system in the food & beverage industry to improve quality control of food, utilization of DAQ system, IoT in home automation solutions, and healthcare sector for medical data transmission and improved patient care will create new growth opportunities.
