Data Acquisition (DAQ) System Market Report 2025

The data acquisition (DAQ) system market size has grown strongly in recent years. It will grow from $1.91 billion in 2024 to $2.03 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to evolving telecommunication infrastructure, research and development in life sciences, demand for energy efficiency, environmental monitoring and compliance, test and measurement requirements.

The data acquisition (DAQ) system market size is expected to see strong growth in the next few years. It will grow to $2.92 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increased demand for wireless DAQ solutions, advancements in wireless communication, precision agriculture, expansion of telehealth services, globalization of research and development. Major trends in the forecast period include advancements in sensor technologies, cloud integration for data storage and analysis, enhanced data visualization and analytics tools, compact and modular DAQ systems, customization and flexibility in software interfaces.

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, in October 2023, according to Cavintek Inc., a US-based firm that offers workflow automation and productivity applications, over 80% of business leaders said they were speeding up productivity automation and expanding the use of remote labor. 43% of firms plan to reduce their workforce by utilizing automation technologies. Therefore, the increase in demand for automation is driving the data acquisition (DAQ) system market growth.

The increasing implementation of Industry 4. 0 is expected to propel the growth of the data acquisition (DAQ) system market in the coming years. Industry 4. 0 refers to the continuous development of industrial technology automation and data interchange and also entails the application of current smart technologies, data analytics, and networking to create what some refer to as a smart factory. Industry 4. 0 concepts improve the capabilities and features of data acquisition systems by fostering real-time, networked, and data-driven operations, consequently facilitating efficient and smart production processes. For instance, in October 2022, according to IoT Analytics GmbH, a Germany-based complete information analysis framework for the Internet of Things, AI, edge computing, cloud computing, and Industry 4. 0, since the previous decade, annual funding for Industry 4. 0 start-ups has increased by +319%. In 2021, $2. 2 billion was devoted to future enterprises researching Industry 4. 0 technology. Therefore, the increasing implementation of Industry 4. 0 is driving the data acquisition (DAQ) system market.

Product innovations are emerging as a significant trend in the data acquisition (DAQ) system market, with market players focusing on developing innovative products as part of their growth strategies. For example, in November 2022, Hottinger Brüel & Kjær (HBK), a Denmark-based company specializing in measurement and testing solutions, launched a new data acquisition ecosystem called HBK FUSION and HBK ADVANTAGE. This innovative ecosystem aims to enhance measurement efficiency and streamline workflows for engineers involved in product development and certification. The HBK FUSION hardware is designed to provide high data throughput and channel density, while the HBK ADVANTAGE software offers a user-friendly interface to facilitate efficient data acquisition.

Major companies in the data acquisition (DAQ) system market are concentrating on producing innovative products, such as data acquisition modules, to better serve the needs of their existing customers. Data acquisition modules are hardware components that gather and analyze digital or analog data from external sources for a computing device or data system. For instance, in July 2023, NI (National Instruments), a U.S.-based manufacturer known for its wide range of products primarily focused on automated testing, launched LabVIEW 2023 Q3. This version introduced enhanced features aimed at streamlining the development and deployment of automated test and measurement applications. This release further cements NI's position as a leader in providing flexible, scalable solutions for industries such as aerospace, automotive, and telecommunications.

In November 2023, Moog Inc., an American company specializing in the design, manufacture, and integration of precision control systems and components, acquired Data Collection Limited (DCL) for an undisclosed amount. This acquisition aims to enhance Moog's offerings in pavement management solutions by integrating DCL's expertise in pavement surveying equipment and its Road Measurement Data Acquisition System (ROMDAS) product line into Moog's Military Aircraft Group's Mission Systems division. Data Collection Limited (DCL), based in New Zealand, specializes in pavement surveying equipment, particularly its ROMDAS system, which is utilized for road condition assessment and management.

Major companies operating in the data acquisition (DAQ) system market include Siemens AG, National Instruments Corporation, Keysight Technologies, ABB Group, Fortive Corporation, Emerson Electric Company, Rockwell Automation Inc., General Electric Company, Schneider Electric, Honeywell International Inc., Agilent Technologies Inc., Advantech Co. Ltd., Yokogawa Electric Corporation, ADwin by Jäger Computergesteuerte Messtechnik GmbH, Data Translation Inc., Campbell Scientific Inc., Teledyne Technologies Incorporated, Tektronix Inc., Texas Instruments, Thermo Fisher Scientific Inc., Vishay Precision Group, DGH Corporation, Diversified Technical Systems Inc., ESI Group, Fluke Calibration, HBM Test and Measurement, HIOKI E. E. CORPORATION, IMC Test & Measurement GmbH.

The data acquisition (DAQ) system refers to a system 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.

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.

North America was the largest region in the data acquisition (DAQ) system market in 2024. 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, Africa.

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, Italy, Canada, Spain.

The data acquisition system market includes revenues earned by entities by providing flight data acquisition services, structural dynamics test systems services, local electronic data capture systems services. The market value includes the value of related goods sold by the service provider or included within the service offering. The data acquisition system market also includes sales of sensors, computers, signal conditioning gear which are used in providing data acquisition system services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.