According to IMARC Group’s latest report, titled “Data Acquisition (DAQ) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global data acquisition system market reached a value of US$ 1.40 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.98% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Data acquisition (DAQ) refers to the process of measuring an electrical or physical phenomenon and converting it into digital forms that can be conveniently manipulated using a computer and software. DAQ systems consist of sensors, signal conditioning, and analog to digital converters (ADC) to collect and convert information regarding voltage, current, temperature, pressure and sound. These solutions aid in processing the incoming signals for further review and analysis. Their function is to acquire and store the data while providing real-time and post-recording visualization and analysis of the same. Consequently, they are increasingly used for the testing of diverse products, including automobiles, aircraft and medical devices.
Market Trends and Drivers:
The global data acquisition system market is primarily driven by the rising need to analyze real-time data for control purposes across numerous industries. The use of DAQ systems provides excellent control and quick response to failure during the manufacturing of diverse commercial products. Since these systems find extensive applications in quality management, process control, combustion analysis, and research and development (R&D), this is providing an impetus to the market growth. Moreover, the widespread adoption of automation across various industrial processes and the escalating requirement for central monitoring are also contributing to the uptake of DAQ systems. The market is further driven by the increasing deployment of supervisory control and data acquisition (SCADA) systems in the food and beverages sector in an attempt to monitor food quality. This has impelled the need for efficient DAQ systems in the sector, thereby creating a positive outlook for the market.
Data Acquisition (DAQ) System Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the data acquisition system market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- General Electric (GE) Company
- Siemens AG
- Yokogawa Electric Company
- Honeywell International Inc.
- Schneider Electric SE
- AMETEK Inc.
- Emerson Electric Co.
- Keysight Technologies
- National Instruments Corporation
- ABB Group
- Rockwell Automation Inc.
Key Market Segmentation:
The report has segmented the global data acquisition system market on the basis of component type, speed, channel, end user and region.
Breakup by Component Type:
- External Chassis and Modules
- Plug-In Analog I/O Boards
- 3rd Party
Breakup by Speed:
- High Speed (>100 KS/s)
- Low Speed (<100 KS/s)
Breakup by Channel:
- < 32 Channels
- 32-128 Channels
- > 128 Channels
Breakup by End User:
- Aerospace and Defense
- Energy and Power
- Automotive and Transportation
- Wireless Communication and Infrastructure
- Water and Wastewater Treatment
- Food and Beverages
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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