Data Acquisition (DAQ) System Market Size, Share and Industry Trends 2023-2028

The latest report published by IMARC Group, titled "Data Acquisition (DAQ) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global data acquisition (DAQ) system market reached a value of US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, growing at a CAGR of 5.2% during 2023-2028.

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Data Acquisition (DAQ) System Market Trends:

The increasing adoption of automation and digitalization across industries is one of the key factors contributing to the market growth. DAS enables the seamless integration of data from diverse sources, including sensors, actuators, and industrial equipment, providing businesses with comprehensive insights for operations. In line with this, the widespread adoption of DAS in the automotive industry for conducting virtual load tests and testing vehicles and components under real conditions is acting as another growth-inducing factor.

Besides this, the integration of DAS with the Internet of Things (IoT) devices and machine-to-machine communication (M2M) technologies to improve visibility and control production activities, monitor performance, and improve quality to boost overall efficiency is providing a thrust to market growth. Other factors, including extensive research and development (R&D) activities, increasing focus on data-driven decision-making, and widespread product adoption in the healthcare industry, are supporting the market growth.

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.
• Fortive Corporation
• General Electric Company
• Honeywell International Inc.
• Keysight Technologies
• National Instruments Corporation
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Spectris PLC
• Yokogawa Electric Company

Key Market Segmentation:

The report has segmented the global data acquisition system market based on component type, speed, channel, end user and region.

Component Type Insights:

• Hardware:
o External Chassis and Modules
o Plug-In Analog I/O Boards

• Software:
o Bundled
o 3rd Party

Speed Insights:

• High Speed (>100 KS/s)
• Low Speed ( 128 Channels

End User Insights:

• Aerospace and Defense
• Energy and Power
• Automotive and Transportation
• Wireless Communication and Infrastructure
• Water and Wastewater Treatment
• Healthcare
• Food and Beverages
• Others

Regional Insights:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2312&flag=C

Industry Definition and Application:

A data acquisition system (DAS) is a technological solution designed to capture, analyze, and store data from various sources in order to facilitate decision-making and enhance operational efficiency in a business setting. It comprises hardware and software components that work together to collect data from sensors, instruments, and other devices, enabling real-time monitoring and measurement of critical parameters. DAS is widely used in industries such as manufacturing, healthcare, aerospace, and research. These systems offer businesses the ability to acquire, process, and interpret data in a structured and systematic manner, enabling informed decision-making, predictive analytics, and continuous improvement initiatives.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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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This release was published on openPR.