Data Acquisition (DAQ) System Market Size is anticipated to reach at a CAGR of 6.5% during the forecast period

 

During the forecast period of 2022–2030, the global data acquisition (DAQ) systems market is anticipated to develop at a compound annual growth rate (CAGR) of 6.5%.

In order to collect data with the aid of a computer, a data acquisition system integrates hardware components. The system makes use of a variety of sensors to gather analogue signals at various industrial sites that provide real-time data about physical phenomena like temperature, pressure, voltage, current, and sound. It is primarily utilised for production, automation, quality control, research and analysis, diagnostics, and repair across a variety of end-user industries.

                                   

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Growth Drivers:

The demand for high-speed connectivity technologies, the expanding use of enterprise data acquisition systems, the expanding adoption of DAQ solutions across a variety of end-user verticals, the rising implementation of Industry 4.0 globally, the expanding data monitoring requirements around the world, and the soaring investments in infrastructure and renewable energy power plants are all factors driving this market's expansion.

Also, in order to improve financial performance, manufacturing organisations are focusing more on monitoring the condition of their assets and the effectiveness of their manufacturing processes due to the fierce competition in the sector. The increasing demand for remote data monitoring, independent of time or location, is likewise accelerating the uptake of data collecting devices. These elements significantly contribute to the market for data acquisition (DAQ) systems around the world.

The global data acquisition (DAQ) system market is anticipated to expand during the forecast period, but this is anticipated to be constrained by the high implementation costs associated with data acquisition systems and the difficulties associated with interfaces, software compatibility, and signal conditioning.

 

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Data Acquisition (DAQ) System Market Segmentation:

By Offering:

·         Hardware

o   External Chassis and Modules

o   Plug-in I/O Analog Boards

·         Software

o   Bundled

o   3rd Party

 

By Speed:

·         High-speed (>100 KS/S)

·         Low-speed (<100 KS/S)

 

By Channel:

·         < 32 Channels

·         32-128 Channels

·         > 128 Channels

 

By Application:

·         R&D

·         Field

·         Manufacturing

 

By Vertical:

·         Automotive & Transportation

·         Aerospace & Defense

·         Power & Energy

·         Wireless Communications & Infrastructure

·         Environmental Monitoring

·         Healthcare

·         Food & beverage

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Data Acquisition (DAQ) System Market:

·         Curtiss-Wright Corporation

·         Emerson Electric Co.

·         National Instruments Corp.

·         Keysight Technologies

·         Siemens Digital Industries Software

·         Spectris PLC

·         Gantner Instruments

·         General Electric

·         Honeywell International Inc.

·         AMETEK Inc.

·         Dewesoft d.o.o

·         Teledyne Technologies Incorporated

·         Yokogawa Electric Corporation

·         AstroNova Inc.

·         Rockwell Automation Corporation

·         Schneider Electric 

·         ABB Ltd.

·         HBM

·         General Electric

·         Other Players

 

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