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Leading Driver in the Data Acquisition (DAQ) System Market 2025: Rising Automation Initiatives Fuels Market Growth
Leading Driver in the Data Acquisition (DAQ) System Market
The global data acquisition (DAQ) system market reached a value of nearly $1.91 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.71% since 2019. The market is expected to grow from $1.91 billion in 2024 to $2.48 billion in 2029 at a rate of 5.37%. The market is then expected to grow at a CAGR of 5.21% from 2029 and reach $3.20 billion in 2034.
What strategies are key players adopting in the data acquisition (DAQ) system market?
The key players in the market are adopting extensive strategies in the data acquisition (DAQ) system market such as:
Strengthen business expertise through new acquisitions, launches, and partnerships.
Identify strategic growth opportunities.
Leverage market trends for competitive advantage.
Foster innovation through collaborations.
Optimize resources for sustainable expansion.
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To take advantage of opportunities, The Business Research Company suggests that data acquisition (DAQ) system companies enhance offerings:
Develop advanced solutions, including next-generation bus-powered USB DAQ devices.
Focus on next-generation data acquisition technologies.
Innovate suspension data acquisition devices for enhanced performance.
Build comprehensive data acquisition ecosystems to optimize measurement processes.
Enhance flexibility and durability with advanced DAQ modules.
Align strategies with market trends for competitive advantage.
What Is Data Acquisition (DAQ) System: Market Definition?
A data acquisition system (DAQ) is a system designed to collect, measure, process and store data from various sources, such as sensors, instruments, or other devices. The collected data is then used for monitoring, control and analysis in various applications. The primary purpose of a DAQ is to convert real-world physical parameters such as, temperature, pressure, humidity, voltage into digital data that can be analyzed and used for decision-making.
Data acquisition (DAQ) systems are deployed in various environments, including research labs, manufacturing plants, energy facilities, transportation infrastructure and healthcare institutions. They work alongside complementary technologies such as sensors, controllers, signal processors and data visualization software, while substituting traditional analog measurement tools such as chart recorders and standalone meters. The usage of data acquisition (DAQ) systems varies, ranging from real-time monitoring in industrial automation to long-term data logging in environmental studies. These systems can be embedded into equipment for continuous performance tracking or used as standalone measurement stations for experimental research.
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Who Are The Major Companies Operating In The Global Data Acquisition (Daq) System Market?
The top ten competitors in the market made up to 20.45% of the total market in 2023. Emerson Electric Co. was the largest competitor with a 4.92% share of the market, followed by:
HBK World.
Keysight Technologies Inc.
with 4.30%, Dewesoft.
DEWETRON
Spectris PLC (HBM and Bruel & Kjaer and Omega).
Tektronix, Inc.
General Electric (GE) Company
Schneider Electric.
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