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Data Acquisition (DAQ) System Market Analysis, Trends, Growth, Research And Forecast 2032
Data Acquisition (DAQ) System Market
Data Acquisition (DAQ) System Market Size, Growth Rate, And Forecast
The global data acquisition (DAQ) system market size grew from $1.77 billion in 2022 to $1.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data acquisition (DAQ) system market size is expected to grow to $2.58 billion in 2027 at a CAGR of 7.9%.
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Data Acquisition (DAQ) System Market Drivers
The increasing demand for automation is significantly driving the growth of the data acquisition (DAQ) system market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated technologies to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of data acquisition (DAQ) systems.
Learn More On The Data Acquisition (DAQ) System Market Report Here:
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Data Acquisition (DAQ) System Market Segments
• By Type: Peripheral Component Interconnect (PCI), LAN Extensions For Instrumentation (LXI)/ Ethernet, VME Extensions For Instrumentation (VXI), PCI Extensions For Instrumentation (PXI), Universal Serial Bus (USB), Standalone
• By Component: Hardware, Software
• By Speed: High-speed (>100 KS/S), Low-speed (
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