Data Acquisition System Market Report 2024-2032, Industry Trends, and Analysis

IMARC Group, a leading market research company, has recently released a report titled “Data Acquisition (DAQ) System Market Report by Component Type (Hardware, Software), Speed (High Speed (>100 KS/s), Low Speed (<100 KS/s)), Channel (< 32 Channels, 32-128 Channels, > 128 Channels), End User (Aerospace and Defense, Energy and Power, Automotive and Transportation, Wireless Communication and Infrastructure, Water and Wastewater Treatment, Healthcare, Food and Beverages, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global data acquisition system market trends, share, size, and industry growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global data acquisition system market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

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What is Data Acquisition System Market?

A data acquisition system (DAS) is a critical component in the realm of industrial automation and measurement. It serves as the bridge between the physical world and digital data, facilitating the collection and conversion of real-world signals into a format that can be analyzed, stored, and used for decision-making processes. DAS is a sophisticated network of sensors, instruments, and computing devices that work harmoniously to capture data from various sources, such as sensors, instruments, and other data-generating mechanisms. The data collected encompasses a wide spectrum of information, ranging from temperature and pressure readings to electrical signals and environmental parameters.

Data Acquisition System Market Trends:

The integration of Industry 4.0 principles and technologies into manufacturing and industrial processes is driving the market.

Moreover, DAS plays a pivotal role in enabling automation, real-time monitoring, and data-driven decision-making, which are essential components of Industry 4.0 initiatives that in turn are impelling the growth of the market. In addition to this, the proliferation of the Internet of Things (IoT) devices across industries is generating an enormous amount of data which is facilitating the system demand as they are essential for collecting, processing, and transmitting this data to make it actionable, leading to increasing demand in sectors like smart manufacturing, agriculture, and healthcare.

In line with this, sustainability concerns and the need for energy-efficient operations are pushing industries to implement DAS for precise monitoring of environmental parameters thus fueling the market growth. Besides this, the widespread system adoption in research and development (R&D) activities, enabling scientists and engineers to collect precise data for experiments, simulations, and product development thereby fostering the market growth.

Data Acquisition System Market Report Segmentation:

By Common Type:

Hardware

• External Chassis and Modules

• Plug-In Analog I/O Boards

Software

• Bundled

• 3rd Party

By Speed:

• High Speed (>100 KS/s)

• Low Speed (<100 KS/s)

By Channel:

• < 32 Channels

• 32-128 Channels

• 128 Channels

By End User:

• 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

Competitive Landscape with Key Players:

The competitive landscape of the data acquisition (DAQ) system market size 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 (GE) Company

• Honeywell International Inc.

• Keysight Technologies

• National Instruments Corporation

• Rockwell Automation Inc.

• Schneider Electric SE

• Siemens AG

• Spectris PLC

• Yokogawa Electric Company

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Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

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.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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