Data Acquisition (DAQ) System Market 2023 Current Status and Challenges with Future Opportunities to 2030
The Data Acquisition (DAQ) System Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
The Global Data Acquisition (DAQ) System Market size was valued at USD 1.83 Billion in 2022 and is projected to reach USD 2.88 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030.
Top Companies in the Global Data Acquisition (DAQ) System Market are:
Advantech Co. Ltd., Spectris PLC (HBM and Bruel & Kjaer and Omega), National Instruments Corporation, Schneider Electric SE, ABB Ltd, Honeywell International, Siemens AG, Rockwell Automation Inc., Keysight Technologies, General Electric Ltd., Omron Corporation, Yokogawa Electric Co., Tektronix, AMETEK (VTI Instruments), Bustec, Emerson Electric Co., Curtiss-Wright Corporation, DAQ Systems Co, Limited, Imc Dataworks, LLC, ADLINK Technology, Inc., Beijing GEMOTECH Intelligent Technology, DATAQ Instruments
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Market Overview
Ethernet's potential expansion is one of the most influential factors propelling the market for data acquisition (DAQ) systems. Industrial Ethernet has improved in recent years and now outperforms other field buses.Commercial networking and the Internet continue to expand due to the fact that ethernet-based communication is quick, inexpensive, and can be conducted over nearly any distance. Increasing demand for faster internet connections, the seamless incorporation of manufacturing installations, the Internet of Things, and industrial controls have created this need.In addition, the pervasive use of industrial automation and smart manufacturing is expanding the information-gathering industry. These include monitoring multiple information sources, such as PLCs, databases, maintenance applications, and current information-gathering systems, while exchanging data in real time and keeping track of multiple structure parameters. This is done to improve visibility of the machine and floor operations.However, Explorium, an automated external data acquisition platform, has announced the April 2021 release of Signal Studio. Signal Studio is a DAQ product for advanced analytics and machine learning that makes it simple for businesses and data analysts to discover and incorporate the most pertinent external data signals into their analytics pipeline. Therefore, the market's major players are striving to improve DAQ systems with more advanced analytics in the coming years.
This report segments the global Data Acquisition (DAQ) System Market:
Data Acquisition (DAQ) System Market, By Offering
• Hardware
• Software
Data Acquisition (DAQ) System Market, By Speed
• Low Speed (<100 KS/S)
• High Speed (>100 KS/S)
Data Acquisition (DAQ) System Market, By Application
• Research & Development
• Field
• Manufacturing
Data Acquisition (DAQ) System Market, By Vertical
• Aerospace & Defense
• Energy & Power
• Wireless Communication
• Environment Monitoring
• Food & Beverage
• Healthcare
• Automotive & Transportation
• Others
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Regional Analysis of Data Acquisition (DAQ) System Market:
Geographically, North America held the largest market share in 2021. North America has a large number of early adopters of technology; consequently, its data acquisition (DAQ) market has the largest market share and is anticipated to lead the market in the coming years. During the period of the forecast, it is anticipated that the European region's market share will increase due to favorable government reforms, a significant rise in industrial automation, and the introduction of new intelligent manufacturing ventures.In addition, the Asia-Pacific region is anticipated to have a high CAGR. Utilization of new technologies such as artificial intelligence (AI) and the Internet of Things, increased production capacity, stricter
regulations for testing and measuring products, and substantial government assistance for manufacturing. The Asia Pacific is China's largest automobile manufacturer.
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Finally, the Data Acquisition (DAQ) System Market report is a believable source for gaining market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Data Acquisition (DAQ) System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
KEY HIGHLIGHTS OF THE REPORT
– Quantitative market information and forecasts for the global Data Acquisition (DAQ) System industry, segmented by type, end use, and geographic region.
– Expert analysis of the key technological, demographic, economic, and regulatory factors driving growth in Data Acquisition (DAQ) System to 2030.
– Market opportunities and recommendations for new investments.
– Growth prospects among emerging nations through 2030.
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