Data Acquisition (DAQ) System Market Size is estimated to grow at a CAGR of 6.5% during the forecast period
The global data acquisition (DAQ) system market is projected to expand at a compounded annual growth (CAGR) of 6.5% during the forecast period of 2022-2030.
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 analog signals at various industrial sites that
provide real-time data about physical phenomena like temperature, pressure,
voltage, current, and sound. It is primarily utilized 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.
Additionally, in order to improve financial performance,
manufacturing organizations 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.
Additionally, the data acquisition (DAQ) system market
is expanding at a faster rate thanks to the widespread adoption of smart
manufacturing and factory automation, which involves tracking various system
parameters and keeping an eye on a variety of data sources to get a clearer
picture of the floor operations and machines.
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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