Press release
High Precision Industrial Data Acquisition Equipment Market to Reach USD 8970 Million by 2031 Driven by National Instruments and Keysight
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Latest Data
• 2024 global market value: US$4,253 million
• 2031 forecast value: US$8,970 million
• CAGR (2025-2031): 11.3%
• 2024 production: ~0.45 million units
• Average unit price (2024): ~US$9,500
• 2025 market dynamics: Tariff-related uncertainty affecting order timing but not long-term demand
Leading Companies
National Instruments
Keysight Technologies
Advantech
Siemens
Beckhoff Automation
Hottinger Brüel & Kjær
Yokogawa Electric Corporation
Emerson Electric
Rockwell Automation
Schneider Electric
Honeywell
Dataforth Corporation
Dewetron GmbH
Campbell Scientific
Hioki
IMC Test & Measurement
HBK - Hottinger Brüel & Kjær
Kistler Group
Spectris
formerly National Instruments
General Electric
ABB
Fluke Corporation
Sartorius
AMETEK
Delta Elektronika
Phoenix Contact
TE Connectivity
Hitachi High-Tech
Panasonic Industry
Classification by Type
• Data Acquisition Modules
• Sensor Integrated Systems
• Portable Data Acquisition Devices
• Multi-channel Acquisition Systems
• Others
Classification by Application
• Industrial Automation
• Test and Measurement
• Energy Monitoring
• Environmental Monitoring
• Others
Company Milestones and Product Developments
National Instruments has expanded its PXI-based modular systems with the PXIe-1092 chassis, offering high-bandwidth backplanes and up to 82 W cooling per slot, enabling dense multi-channel high-speed acquisition for EV and semiconductor testing.
HBK has introduced updated modules in its QuantumX range, including high-potential measurement capabilities for battery and aerospace applications, while implementing a 2025 price reduction strategy after supply chain stabilization.
Advantech's iDAQ-800 series provides up to 24-bit resolution at 1 MS/s, supporting modular, hot-swappable design for edge deployment in harsh industrial environments.
Beckhoff Automation has enhanced its ELM-series EtherCAT terminals to handle ±1,200 V inputs with 24-bit resolution for battery module and inverter testing, reducing setup times in high-voltage environments.
Yokogawa's SMARTDAC+ GX20 has continued to gain traction for remote monitoring in regulated process industries, offering scalable channels, high isolation, and secure web-enabled access.
Five Flagship Products - Key Specifications
National Instruments - NI-9239 Voltage Input Module
• 4-channel simultaneous sampling
• 24-bit resolution, up to 50 kS/s per channel
• ±10 V input range, 250 Vrms isolation
• Used for vibration, acoustic, and structural monitoring
Keysight - DAQ970A Data Acquisition System
• 3-slot mainframe with integrated 61⁄2-digit DMM
• 0.003% basic DC voltage accuracy
• Up to 450 channels/s scan rate
• Modular plug-in cards with various measurement types
Advantech - iDAQ-800 Series
• Up to 24-bit, 1 MS/s acquisition per module
• Hot-swappable, rugged modular design
• 600 Vrms isolation options
• Designed for battery and EV system monitoring
HBK - QuantumX MX840B Universal Amplifier
• 24-bit resolution, up to 40 kS/s per channel
• Supports strain, voltage, current, acceleration, RTD, TC
• Per-channel configuration flexibility
• Integrates with SomatXR for harsh environments
Yokogawa - SMARTDAC+ GX20
• Panel-mounted multi-channel recorder
• Web-enabled remote configuration and monitoring
• Scalable isolated channels
• Widely used in energy and environmental monitoring
Verified Downstream Customers
BMW Group
Airbus
Sikorsky (Lockheed Martin)
Ford Motor Company
Valeo
Volvo Cars
Mazda Motor Corporation
Renault Group
New Holland Agriculture
HUBER+SUHNER
Robert Bosch GmbH
Siemens AG
SEAT S.A.
Thomas Magnete GmbH
Outils Wolf
Market Trends in 2025
Modular Architectures Replace Fixed-Function Systems
Industries are rapidly adopting modular DAQ systems like PXI and EtherCAT platforms to reduce setup times and improve scalability. Modular chassis and terminals now offer both high-voltage capability and synchronized multi-channel acquisition, enabling faster test configuration changes in automotive and aerospace applications.
Electrification Drives High-Voltage, High-Isolation DAQ Demand
The growth of electric vehicles and renewable energy systems is increasing the need for DAQ with higher isolation levels and wider input ranges. Products such as Beckhoff's ±1,200 V ELM terminals and HBK's high-potential QuantumX modules are increasingly standard in battery pack and inverter testing facilities.
Edge-Based Data Processing Gains Adoption
Advantech's iDAQ-800 series represents a shift toward ruggedized, serviceable edge DAQ systems. These devices preprocess and securely transmit data, reducing latency and wiring complexity in distributed manufacturing environments.
Universal Measurement Inputs Simplify Test Systems
Multi-sensor universal input modules, like HBK's MX840B and Keysight's DAQ970A, reduce the number of devices needed in complex measurement setups. This universality is especially valuable in aerospace and mixed-signal environments where both slow and fast measurements are required.
Policy-Driven Purchasing Cycles
Tariff changes in 2025 have led to front-loaded purchases in early quarters, followed by pauses in procurement as companies reassess budgets. While this creates fluctuations in quarterly sales, long-term demand from regulated and safety-critical projects remains stable.
Aerospace and Mobility Applications Expand
From rotorcraft vibration monitoring to aircraft structural testing, aerospace companies are deploying high-precision DAQ for synchronized multi-physics measurements. Mobile, high-channel-count systems are particularly valued for their ability to operate in challenging field environments.
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High-Speed Power Analysis for Advanced Electronics
As SiC and GaN power electronics gain ground, DAQ systems capable of multi-megasample acquisition are becoming essential. This enables precise analysis of switching behavior, efficiency, and power quality in inverters and motor drives.
Integrated Software and Cybersecurity
Software ecosystems with remote access, API integration, and enhanced security are now expected features. Systems like Yokogawa's SMARTDAC+ offer role-based access control and secure data archiving, supporting compliance in highly regulated industries.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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