Press release
Data Acquisition Market 2021 Insights with Statistics and Growth Prediction - Advantech Co. Ltd, Spectris PLC (HBM and Bruel & Kjaer and Omega), National Instruments Corporation
The Data Acquisition Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The data acquisition market registered a CAGR of 7.28% during the forecast period (2021 - 2026).
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Top Leading Companies of Data Acquisition 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 and others.
Industry News and Updates
February 2019 - Advantech completed 80% acquisition of Omron Nohgata. With this acquisition, the company may effectively expand its embedded system market share in Japan and enhance its localized manufacturing services capability. Advantech further envisions cooperation with OMRON Corporation in IoT platform development.
- April 2018 - ABB and Hewlett Packard Enterprise (HPE) formed a partnership to combine ABB's digital manufacturing system, ABB Ability, with HPE's IT solutions. The partnership aims to provide manufacturers with actionable insights from significant amounts of industrial data. The purpose is to increase the efficiency and flexibility of manufacturing operations. In the future, owing to this partnership, it is expected that key players from different markets may come together to offer greater benefits to their customers.
Key Market Trends
Human Machine Interface Accounts for Significant Share in the Market
- HMIs are used in various locations, such as process control, factory floor, machines, portable handheld devices, etc. Applications of this technology include various appliances, automotive, machine health monitoring, and industrial automation, among others.
- An HMI solution not only improves the productivity of the operator, but also provides insights into system control and maintenance. For instance, the HMI function of setting off alarms provides visual indicators of a machine's issue and severity.
- Furthermore, technologies, such as Open Platform Communications Unified Architecture, integrated into PC-based machine controls, have allowed the safe transmission of encrypted data from machine to cloud and enterprise-level systems.
- Owing to the broadening of its functionality, through the integration with PLC applications or PC-based multi-user systems, HMI technology has also found increased adoption in the market.
- Moreover, the increasing adoption of Industrial IoT, coupled with these benefits of HMI, is expected to drive the market growth.
Regional Outlook of Data Acquisition Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Data Acquisition Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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