Data Acquisition (DAQ) System Market Report till 2026: Industry Trends, Share, Size, Demand

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 global 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:

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 ( 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

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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.

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