Major players in the data acquisition (DAQ) system market are Siemens AG, National Instruments Corporation, Keysight Technologies, ABB, Fortive Corporation, Emerson Electric Co., General Electric, Schneider Electric, Honeywell, Agilent Technologies, Advantech Co. Ltd, Yokogawa Electric Corporation, Data Translation Inc., Campbell Scientific Inc., and Teledyne.
The global data acquisition (DAQ) system market is expected to grow from $1.64 billion in 2021 to $1.75 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The data acquisition (DAQ) system market is expected to grow to $2.25 billion in 2026 at a CAGR of 6.6%.
The data acquisition (DAQ) system market consists of sales of data acquisition (DAQ) systems by entities (organizations, sole traders, and partnerships) that can measure and record physical or electrical properties to understand the system’s performance. DAQ systems are computer-based measurement systems that help in measuring an electrical or physical phenomenon such as current, voltage, pressure, temperature, or sound. These systems capture and store data from an actual system for further scientific and engineering review.
The main types of data acquisition (DAQ) systems are peripheral component interconnect (PCI), LAN extensions for instrumentation (LXI)/ ethernet, VME extensions for instrumentation (VXI), PCI extensions for instrumentation (PXI), universal serial bus (USB), and standalone. The main components include hardware and software. They offer high-speed (>100 ks/s) and low-speed (< 100 ks/s). The various applications include research and analysis, manufacturing and quality, asset condition monitoring, and design validation and repair that are used by aerospace and defense, energy and power, automotive and transportation, wireless communication and infrastructure, water and wastewater treatment, healthcare, and food and beverages.
North America was the largest region in the data acquisition (DAQ) system market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data acquisition (DAQ) system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The data acquisition (DAQ) system market research report is one of a series of new reports that provides data acquisition (DAQ) system market statistics, including data acquisition (DAQ) system industry global market size, regional shares, competitors with a data acquisition (DAQ) system market share, detailed data acquisition (DAQ) system market segments, market trends and opportunities, and any further data you may need to thrive in the data acquisition (DAQ) system industry. This data acquisition (DAQ) system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increasing demand for automation is significantly driving the growth of the data acquisition (DAQ) system market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated technologies to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of data acquisition (DAQ) systems. For instance, according to the Future of Jobs Survey 2020, World Economic Forum, an international non-governmental and lobbying organization, 50% of business leaders are planning to adopt automation of repetitive tasks and 85% of business leaders said that automation will give more time to focus on the important goals to the company. Therefore, the increase in demand for automation is driving the growth of the data acquisition (DAQ) system market.
Product innovations are the key trends gaining popularity in the data acquisition (DAQ) system market. The market players are developing innovative products for their market growth strategy. For instance, in November 2021, METIS Cyberspace Technology SA, a US-based Data Acquisition for maritime industry company, launched Ship Connect, the next-generation automated data-acquisition system to enable the development of ship performance analytics and enhance data transfer and monitoring. The system optimizes network bandwidth and transfers the readings to the METIS cloud platform from vessel equipment, making them immediately available for analysis.
In July 2019, Emerson Electric Co., a US-based manufacturing company acquired Zedi’s software and automation businesses for an undisclosed amount. With this acquisition, Emerson will increase its digital transformation in the oil and gas industry by adding Zedi’s cloud supervisory control and data acquisition (SCADA) platform. It will enhance production and operations while lowering costs owing to cloud-based monitoring, management, and optimization. Zedi is a Canada-based cloud supervisory control and data acquisition (SCADA) platform company.
The countries covered in the data acquisition (DAQ) system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
This product will be delivered within 3-5 business days.
The global data acquisition (DAQ) system market is expected to grow from $1.64 billion in 2021 to $1.75 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The data acquisition (DAQ) system market is expected to grow to $2.25 billion in 2026 at a CAGR of 6.6%.
The data acquisition (DAQ) system market consists of sales of data acquisition (DAQ) systems by entities (organizations, sole traders, and partnerships) that can measure and record physical or electrical properties to understand the system’s performance. DAQ systems are computer-based measurement systems that help in measuring an electrical or physical phenomenon such as current, voltage, pressure, temperature, or sound. These systems capture and store data from an actual system for further scientific and engineering review.
The main types of data acquisition (DAQ) systems are peripheral component interconnect (PCI), LAN extensions for instrumentation (LXI)/ ethernet, VME extensions for instrumentation (VXI), PCI extensions for instrumentation (PXI), universal serial bus (USB), and standalone. The main components include hardware and software. They offer high-speed (>100 ks/s) and low-speed (< 100 ks/s). The various applications include research and analysis, manufacturing and quality, asset condition monitoring, and design validation and repair that are used by aerospace and defense, energy and power, automotive and transportation, wireless communication and infrastructure, water and wastewater treatment, healthcare, and food and beverages.
North America was the largest region in the data acquisition (DAQ) system market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data acquisition (DAQ) system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The data acquisition (DAQ) system market research report is one of a series of new reports that provides data acquisition (DAQ) system market statistics, including data acquisition (DAQ) system industry global market size, regional shares, competitors with a data acquisition (DAQ) system market share, detailed data acquisition (DAQ) system market segments, market trends and opportunities, and any further data you may need to thrive in the data acquisition (DAQ) system industry. This data acquisition (DAQ) system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increasing demand for automation is significantly driving the growth of the data acquisition (DAQ) system market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated technologies to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of data acquisition (DAQ) systems. For instance, according to the Future of Jobs Survey 2020, World Economic Forum, an international non-governmental and lobbying organization, 50% of business leaders are planning to adopt automation of repetitive tasks and 85% of business leaders said that automation will give more time to focus on the important goals to the company. Therefore, the increase in demand for automation is driving the growth of the data acquisition (DAQ) system market.
Product innovations are the key trends gaining popularity in the data acquisition (DAQ) system market. The market players are developing innovative products for their market growth strategy. For instance, in November 2021, METIS Cyberspace Technology SA, a US-based Data Acquisition for maritime industry company, launched Ship Connect, the next-generation automated data-acquisition system to enable the development of ship performance analytics and enhance data transfer and monitoring. The system optimizes network bandwidth and transfers the readings to the METIS cloud platform from vessel equipment, making them immediately available for analysis.
In July 2019, Emerson Electric Co., a US-based manufacturing company acquired Zedi’s software and automation businesses for an undisclosed amount. With this acquisition, Emerson will increase its digital transformation in the oil and gas industry by adding Zedi’s cloud supervisory control and data acquisition (SCADA) platform. It will enhance production and operations while lowering costs owing to cloud-based monitoring, management, and optimization. Zedi is a Canada-based cloud supervisory control and data acquisition (SCADA) platform company.
The countries covered in the data acquisition (DAQ) system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Data Acquisition (DAQ) System Market Characteristics3. Data Acquisition (DAQ) System Market Trends And Strategies4. Impact Of COVID-19 On Data Acquisition (DAQ) System28. Key Mergers And Acquisitions In The Data Acquisition (DAQ) System Market29. Data Acquisition (DAQ) System Market Future Outlook and Potential Analysis
5. Data Acquisition (DAQ) System Market Size And Growth
6. Data Acquisition (DAQ) System Market Segmentation
7. Data Acquisition (DAQ) System Market Regional And Country Analysis
8. Asia-Pacific Data Acquisition (DAQ) System Market
9. China Data Acquisition (DAQ) System Market
10. India Data Acquisition (DAQ) System Market
11. Japan Data Acquisition (DAQ) System Market
12. Australia Data Acquisition (DAQ) System Market
13. Indonesia Data Acquisition (DAQ) System Market
14. South Korea Data Acquisition (DAQ) System Market
15. Western Europe Data Acquisition (DAQ) System Market
16. UK Data Acquisition (DAQ) System Market
17. Germany Data Acquisition (DAQ) System Market
18. France Data Acquisition (DAQ) System Market
19. Eastern Europe Data Acquisition (DAQ) System Market
20. Russia Data Acquisition (DAQ) System Market
21. North America Data Acquisition (DAQ) System Market
22. USA Data Acquisition (DAQ) System Market
23. South America Data Acquisition (DAQ) System Market
24. Brazil Data Acquisition (DAQ) System Market
25. Middle East Data Acquisition (DAQ) System Market
26. Africa Data Acquisition (DAQ) System Market
27. Data Acquisition (DAQ) System Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
Data Acquisition (DAQ) System Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global data acquisition (DAQ) system market.This report focuses on data acquisition (DAQ) system market which is experiencing strong growth. The report gives a guide to the data acquisition (DAQ) system market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
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- Benchmark performance against key competitors.
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Description:
Where is the largest and fastest growing market for the data acquisition (DAQ) system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Data Acquisition (DAQ) System market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider data acquisition (DAQ) system market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The data acquisition (DAQ) system market section of the report gives context. It compares the data acquisition (DAQ) system market with other segments of the data acquisition (DAQ) system market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, data acquisition (DAQ) system indicators comparison.
Scope
Markets Covered:
1) By Type: Peripheral Component Interconnect (PCI); LAN Extensions For Instrumentation (LXI)/ Ethernet; VME Extensions For Instrumentation (VXI); PCI Extensions For Instrumentation (PXI); Universal Serial Bus (USB); Standalone2) By Component: Hardware; Software
3) By Speed: High-speed (>100 KS/S); Low-speed (< 100 KS/S)
4) By Application: Research And Analysis; Manufacturing And Quality; Asset Condition Monitoring; Design Validation And Repair
5) By End User: Aerospace And Defense; Energy And Power; Automotive And Transportation; Wireless Communication And Infrastructure; Water And Wastewater Treatment; Healthcare; Food And Beverages
Companies Mentioned: Siemens AG; National Instruments Corporation; Keysight Technologies; ABB; Fortive Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Siemens AG
- National Instruments Corporation
- Keysight Technologies
- ABB
- Fortive Corporation
- Emerson Eletric Co.
- Rockwell Automation Inc.
- General Electric
- Schneider Electric
- Honeywell
- Agilent Technologies
- Advantech Co. Ltd.
- Yokogawa Electric Corporation
- Adwin
- Data Translation Inc.
- Campbell Scientific Inc.
- Teledyne
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | July 2022 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value ( USD | $ 1.75 billion |
| Forecasted Market Value ( USD | $ 2.25 billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
