The global market for Data Acquisition (DAQ) Systems was estimated at US$2.2 Billion in 2023 and is projected to reach US$3.3 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
In industrial automation, aerospace, automotive, healthcare, and energy sectors, DAQ systems are indispensable for enhancing productivity and operational safety. For example, in manufacturing, DAQ systems are used to monitor machinery, ensuring that equipment runs within safe parameters and allowing for real-time adjustments. In the automotive sector, they are used to test vehicle performance, while in healthcare, they enable accurate monitoring of medical devices and patient diagnostics. DAQ systems allow industries to collect vital data, ensuring precise control, product quality, and compliance with safety standards, making them foundational for modern data-driven operations.
Cloud technology and big data analytics are also transforming DAQ systems by enabling the processing and storage of large volumes of data. Cloud-based DAQ systems allow companies to store and analyze data without the need for on-site infrastructure, reducing costs and enhancing scalability. Advanced analytics tools, such as machine learning, can then be applied to these large datasets to identify trends, predict equipment failure, and optimize processes. This shift toward cloud-enabled DAQ solutions has increased flexibility, as companies can access data and insights from any location, supporting more agile and proactive operations. Together, these technological advancements are making DAQ systems more powerful and adaptable, allowing businesses to achieve greater insights and efficiencies.
In the energy sector, DAQ systems are used to monitor critical infrastructure, such as power generation equipment, transmission lines, and renewable energy installations. These systems help ensure the reliability of energy generation and distribution, especially as demand for renewable energy grows and grids become more decentralized. For example, DAQ systems are crucial in monitoring wind turbines, solar panels, and battery storage units, where they provide data on performance, energy output, and operational safety. By supporting real-time monitoring and optimization, DAQ systems enable the energy industry to maximize efficiency, reduce maintenance costs, and meet stringent regulatory requirements, driving demand in this essential sector.
The integration of IoT technology has expanded the scope of DAQ applications, enabling remote monitoring and data collection across distributed environments. Advances in wireless DAQ solutions have made it possible to gather and analyze data from equipment in remote or challenging locations, supporting industries like energy and aerospace. Additionally, regulatory compliance in sectors such as pharmaceuticals, energy, and healthcare requires accurate and reliable data logging, further driving the need for high-quality DAQ systems. Together, these factors are driving significant growth in the Data Acquisition Systems market, positioning it as a critical enabler in the era of digital transformation and smart industries.
Global Data Acquisition (DAQ) Systems Market - Key Trends & Drivers Summarized
What Are Data Acquisition (DAQ) Systems and Why Are They Essential in Industrial Applications?
Data Acquisition (DAQ) systems are hardware and software solutions used to collect, analyze, and monitor data from physical environments in real time. By converting analog signals (like temperature, pressure, sound, or vibration) into digital data, DAQ systems allow industries to monitor and control processes, assess system performance, and make data-driven decisions. The systems consist of sensors, data acquisition modules, and software platforms that work together to process and display data in a usable format. DAQ systems are crucial for quality control, predictive maintenance, and operational efficiency, as they provide high accuracy and reliability in capturing critical parameters across a range of applications.In industrial automation, aerospace, automotive, healthcare, and energy sectors, DAQ systems are indispensable for enhancing productivity and operational safety. For example, in manufacturing, DAQ systems are used to monitor machinery, ensuring that equipment runs within safe parameters and allowing for real-time adjustments. In the automotive sector, they are used to test vehicle performance, while in healthcare, they enable accurate monitoring of medical devices and patient diagnostics. DAQ systems allow industries to collect vital data, ensuring precise control, product quality, and compliance with safety standards, making them foundational for modern data-driven operations.
How Are Technological Advancements Shaping Data Acquisition Systems?
Technological advancements in sensors, wireless connectivity, and cloud-based solutions are significantly enhancing the capabilities of DAQ systems, making them more accurate, flexible, and accessible. Advanced sensors now provide greater precision and faster data capture, allowing DAQ systems to monitor complex parameters in real time. The integration of wireless and IoT-enabled sensors has made remote monitoring possible, allowing industries to gather data from equipment in hard-to-reach or hazardous areas. Wireless DAQ systems enable streamlined operations and make real-time data accessible from anywhere, enhancing situational awareness and decision-making.Cloud technology and big data analytics are also transforming DAQ systems by enabling the processing and storage of large volumes of data. Cloud-based DAQ systems allow companies to store and analyze data without the need for on-site infrastructure, reducing costs and enhancing scalability. Advanced analytics tools, such as machine learning, can then be applied to these large datasets to identify trends, predict equipment failure, and optimize processes. This shift toward cloud-enabled DAQ solutions has increased flexibility, as companies can access data and insights from any location, supporting more agile and proactive operations. Together, these technological advancements are making DAQ systems more powerful and adaptable, allowing businesses to achieve greater insights and efficiencies.
Why Is There Increasing Demand for DAQ Systems in Manufacturing and Energy Sectors?
The demand for DAQ systems is growing in the manufacturing and energy sectors due to the increasing need for operational efficiency, predictive maintenance, and regulatory compliance. In manufacturing, DAQ systems are essential for monitoring machinery, tracking production quality, and ensuring that equipment operates within safe and optimal parameters. With the rise of Industry 4.0 and smart factories, manufacturers are increasingly integrating DAQ systems with other automated tools, enabling real-time data exchange that supports seamless process control. DAQ systems facilitate predictive maintenance by identifying irregular patterns, allowing manufacturers to address equipment issues before they result in costly downtime.In the energy sector, DAQ systems are used to monitor critical infrastructure, such as power generation equipment, transmission lines, and renewable energy installations. These systems help ensure the reliability of energy generation and distribution, especially as demand for renewable energy grows and grids become more decentralized. For example, DAQ systems are crucial in monitoring wind turbines, solar panels, and battery storage units, where they provide data on performance, energy output, and operational safety. By supporting real-time monitoring and optimization, DAQ systems enable the energy industry to maximize efficiency, reduce maintenance costs, and meet stringent regulatory requirements, driving demand in this essential sector.
What Factors Are Driving Growth in the Data Acquisition Systems Market?
The growth in the Data Acquisition Systems market is driven by rising industrial automation, increased focus on data-driven decision-making, advancements in IoT and sensor technology, and regulatory compliance. As more industries embrace automation, the need for accurate, real-time data monitoring and control has grown significantly. DAQ systems provide the data that automation systems rely on to operate efficiently and adapt to dynamic environments. The push for data-driven decision-making across sectors has also fueled demand, as companies increasingly rely on real-time insights to optimize performance, predict issues, and improve productivity.The integration of IoT technology has expanded the scope of DAQ applications, enabling remote monitoring and data collection across distributed environments. Advances in wireless DAQ solutions have made it possible to gather and analyze data from equipment in remote or challenging locations, supporting industries like energy and aerospace. Additionally, regulatory compliance in sectors such as pharmaceuticals, energy, and healthcare requires accurate and reliable data logging, further driving the need for high-quality DAQ systems. Together, these factors are driving significant growth in the Data Acquisition Systems market, positioning it as a critical enabler in the era of digital transformation and smart industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hardware Component segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 5.7%. The Software Component segment is also set to grow at 5.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $579.8 Million in 2023, and China, forecasted to grow at an impressive 8.8% CAGR to reach $758.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Data Acquisition (DAQ) Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Data Acquisition (DAQ) Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Data Acquisition (DAQ) Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Data Acquisition (DAQ) Systems market such as Ametek, Brüel & Kjær, Dewetron, Emerson Electric, Fortive and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 17 companies featured in this Data Acquisition (DAQ) Systems market report include:
- Ametek
- Brüel & Kjær
- Dewetron
- Emerson Electric
- Fortive
- GE
- HBM
- Honeywell
- Keysight Technologies
- Macrodyne
- National Instruments
- Omron Corporation
- Rockwell Automation
- Schneider Electric
- Siemens
- Tektronix
- Teledyne Technologies
- Yokogawa
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Ametek
- Brüel & Kjær
- Dewetron
- Emerson Electric
- Fortive
- GE
- HBM
- Honeywell
- Keysight Technologies
- Macrodyne
- National Instruments
- Omron Corporation
- Rockwell Automation
- Schneider Electric
- Siemens
- Tektronix
- Teledyne Technologies
- Yokogawa
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 83 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.2 Billion |
| Forecasted Market Value ( USD | $ 3.3 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
