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Industrial Data Acquisitions System Market Expansion Continues, with Forecast Valuation of $54.22 Billion by 2029
Industrial Data Acquisitions System
Industrial Data Acquisitions System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for the industrial data acquisitions system has seen robust growth. From 2024 to 2025, it is projected to increase from $40.74 billion to $43.31 billion, at a compound annual growth rate (CAGR) of 6.3%. The expansion during the historic period is associated with factors such as the surging demand for wireless data acquisition systems, an emphasis on industrial automation and digitization, strict government regulations and standards, the requirement for real-time monitoring and control, and the rising demand for cloud-based data acquisition solutions.
Industrial Data Acquisitions System Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for considerable growth in the industrial data acquisition system market size in the coming years. The prediction is that it will expand to reach $54.22 billion in 2029, showing a compound annual growth rate (CAGR) of 5.8%. Factors driving this predicted growth in the forecasted period include the escalating complexity of industrial procedures, the advancement of industrial infrastructure, heightened focus on energy efficiency and sustainability, increasing demand for predictive maintenance solutions, and the requirement for improved process productivity and efficiency. Prominent trends projected for this period encompass the progression in data acquisition system technology, an uptick in the usage of IoT and Industry 4.0 technologies, AI and machine learning incorporation in data acquisition, broadening of industrial IoT ecosystems, and product innovation.
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What Are the Drivers Transforming the Industrial Data Acquisitions System Market?
The growth of the industrial data acquisition system market is projected to be fueled by the increased implementation of factory automation. Factory automation involves incorporating state-of-the-art machinery, robotics, artificial intelligence (AI), and digital technologies to automate manufacturing processes, enhance efficiency, and limit the necessity for human intervention in manufacturing settings. An increase in factory automation stems from the need for efficiency improvements, cost reductions, product quality enhancement, regulatory compliance assurance, and the maintenance of a competitive edge in the market. The use of automation in industrial data acquisition systems provides for the real-time gathering, monitoring, and analysis of production data from diverse sensors and equipment, which helps support informed decision-making, optimize processes, and execute predictive maintenance, all of which boost operational efficiency and productivity at the industrial level. According to a September 2023 report by the International Federation of Robotics, a professional non-profit organization based in Germany, there were 553,052 global industrial robot installations in 2022, marking a year-on-year growth rate of 5%. At a regional level, Asia accounted for 73% of the new robot installations, with Europe and the Americas contributing 15% and 10%, respectively. As a result, the increased adoption of factory automation is accelerating the growth of the industrial data acquisition system market.
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What Long-Term Trends Will Define the Future of the Industrial Data Acquisitions System Market?
Key players in the industrial data acquisition system market are innovating data-collection systems for maritime vessels, including the implementation of industrial data switches to assure secure, efficient data links for crucial operations in tough settings. Red Lion, a prominent US-based firm with expertise in industrial networking and automation technology, introduced the N-Tron NT116 unmanaged industrial Ethernet switch in June 2024. This uniquely customized switch caters to industrial applications that demand constant performance in challenging scenarios and environments. Offering excellent reliability and efficiency, the NT116 is perfect for data collection, Ethernet I/O, and process control. This compact device, enclosed in sturdy metal, comes with 16 top-quality copper ports (10/100BaseTX RJ45). It is designed to resist high shocks and vibrations, with built-in ESD and surge protection for every port, and boasts a noteworthy MTBF rating of 1.2 million hours. Plus, its slim, space-saving design operates effectively within a wide temperature range, from -40°C to 85°C.
Which Segments in the Industrial Data Acquisitions System Market Offer the Most Profit Potential?
The industrial data acquisitions systemmarket covered in this report is segmented -
1) By Type: External Chassis And Modules, Plug-In Analog I/O boards, Software
2) By Channel: Less Than 32, 32-128, Greater Than 128
3) By End-User Vertical: Water And Waste Treatment, Power And Energy, Automotive, Education And Research, Aerospace And Defense, Paper And Pulp, Chemicals, Other End-User Verticals
Subsegments:
1) By External Chassis And Modules: Rack-Mounted Chassis, Benchtop Chassis, Modular I/O Systems, Integrated Chassis And Modules
2) By Plug-In Analog I/O Boards: Single-Ended Analog I/O Boards, Differential Analog I/O Boards, Voltage Measurement Boards, Current Measurement Boards, Temperature Measurement Boards
3) By Software: Data Acquisition Software (DAQ Software), Signal Processing Software, Data Analysis And Visualization Software, Control And Automation Software, Real-Time Monitoring Software
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Which Firms Dominate the Industrial Data Acquisitions System Market by Market Share and Revenue in 2025?
Major companies operating in the industrial data acquisitions system market are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., TE Connectivity Ltd., Emerson Electric Co., Rockwell Automation Inc., Omron Corporation, Fluke Corporation, Keysight Technologies Inc., Endress+Hauser Group, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, Advantech Co. Ltd., National Instruments Corporation, Weidmüller Interface GmbH & Co. KG, Digi International Inc., Dwyer Instruments Inc., Omega Engineering Inc., Beckhoff Automation GmbH & Co. KG, Campbell Scientific Inc., Dataforth Corporation, DEWETRON GmbH, HBM Inc., Lufft GmbH, Moxa Inc.
Which Regions Offer the Highest Growth Potential in the Industrial Data Acquisitions System Market?
North America was the largest region in the industrial data acquisitions system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial data acquisitions system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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