Data Acquisition (DAQ) System Market Overview, Trends, Opportunities, Growth and Forecast by 2026

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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 (DAQ) system market reached a value of US$ 1.40 Billion in 2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of 11.98% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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.

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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:                                                    

ABB Group

AMETEK Inc.

Emerson Electric Co.

General Electric (GE) Company

Honeywell International Inc.

Keysight Technologies

National Instruments Corporation

Rockwell Automation Inc.

Schneider Electric SE

Siemens AG

Yokogawa Electric Company

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:

Hardware

External Chassis and Modules

Plug-In Analog I/O Boards

Software

Bundled

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

Healthcare

Food and Beverages

Others

Breakup by Region:

North America

Asia Pacific

Europe

Latin America

Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/data-acquisition-system-market

Key Highlights of the Report:

Market Performance (2015-2020)

Market Outlook (2021-2026)

Market Trends

Market Drivers and Success Factors

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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group
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Email: sales@imarcgroup.com
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