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Data Acquisition (DAQ) System Market to Witness Huge Growth by Key Players: National Instruments, Keysight Technologies, Fortive, Ametek, Teledyne, Yokogawa, Siemens, Schneider Electric, HBM, Tektronix and Others.

05-19-2020 10:47 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Data Acquisition (DAQ) System Market to Witness Huge Growth

According to Market Study Report, Data Acquisition (DAQ) System Market provides a comprehensive analysis of the Data Acquisition (DAQ) System Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Data Acquisition (DAQ) System Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Data Acquisition (DAQ) System Market size is estimated to grow from USD 1.8 Billion in 2020 to USD 2.4 Billion by 2025, at a CAGR of 5.3%. This report spread across 177 pages, profiling 11 companies and supported with 104 tables and 43 figures are now available in this research.

Top Key Players Profiled in the Data Acquisition (DAQ) System Market:
o National Instruments (US)
o Keysight Technologies (US)
o Fortive (US)
o Ametek (US)
o Teledyne (US)
o Yokogawa (Japan)
o Siemens (Germany)
o Schneider Electric (France)
o HBM (Germany)
o Tektronix (US)
o Bruel & Kjaer (Denmark)
o Emerson Electric (US)
o GE (US)
o Honeywell (US)
o Rockwell Automation (US)
o Omron (Japan)
o Macrodyne (US)
o Dewetron (Austria)
o Campbell Scientific (US)
o Data Translation (US)
o Dewesoft (Slovenia)
o Hioki (Japan)
o Astronova (US)
o Sefram Instruments (France)
o Graphtec (Japan)
o IMC (Germany)

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"DAQ system hardware is expected to continue to hold the largest market share during the forecast period"
DAQ hardware is an interface between the signal and a PC, which could be in the form of modules that can be connected to the computer's ports or cards connected to slots. DAQ hardware uses the signal conditioning process, wherein analog data is converted into digital data with sensors and other tools. Hardware can be connected to the computer through a communication interface, such as a PCI or USB, or can be directly installed in the motherboard.

"Field application is the fastest-growing application during the forecast period in the DAQ system market"
Field DAQ includes rugged devices that allow taking accurate measurements as close to the sensors as possible, even under a full range of environmental conditions. It is used to record data such as strain, force, displacement, acceleration, pressure, temperature, speed, and noise. These data sets help in deciding the test criteria for laboratory conditions. Devices with high-speed DAQ, and which can be distributed over a large area, are used for field applications.

"Aerospace & defense vertical to hold the largest market share of the DAQ system market in 2020"
In the global aerospace & defense manufacturing, there is a need to track real-time data during product development and component testing, which can be achieved using DAQ systems. Aerospace & defense is the biggest end-user market for DAQ systems. DAQ systems are also used for carrying out flight experiments to acquire real-time data from ground experiments consisting of vision data (from CCD camera or/and infrared sensor) and navigation data from the auto-pilot board (APM) and playback-acquired data in a real-time on-flight simulator to carry out R&D.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
o By Designation: Directors - 50%, Managers-20%, Vice Presidents- 25%, and Others - 5%
o By Region: North America - 40%, Europe - 35%, APAC - 15%, and RoW - 10%

Competitive Landscape of Data Acquisition (DAQ) System Market:
1 Overview
2 Competitive Leadership Mapping (Overall Market)
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging
3 Strength Of Product Portfolio (25 Companies)
4 Business Strategy Excellence (25 Companies)
5 Ranking Analysis Of Key Players In Data Acquisition System Market In 2019
6 Competitive Situations And Trends
6.1 Partnership/Collaboration
6.2 Product Launches And Developments

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Research coverage:
This research report categorizes the global DAQ system market based on offering, speed, application, vertical, and region. The report describes major drivers, restraints, challenges, and opportunities pertaining to the DAQ system market and forecasts the market until 2025.

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