IMARC Group has recently released a new research study titled “Data Acquisition (DAQ) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the data acquisition system market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The global DAQ system market size reached 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.

Industry Definition and Application:

A data acquisition system is a device or system that collects and records data from various sources. It collects data from sensors, instruments, and other devices, and then store and analyse the data to provide valuable insights into the performance of a system or process. Consequently, data acquisition systems find extensive applications in industries, such as manufacturing, aerospace, automotive, and healthcare.

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What are the growth prospects and trends in the industry?

The increasing demand for cloud-based solutions across various industries represents one of the key factors driving the market growth. Moreover, the increasing adoption of the Internet of Things (IoT) and the widespread automation in different industries are acting as major growth-inducing factors.

The market is also being driven by the growing need for real-time data analysis and the rising demand for wireless data transmission. In addition to this, the rising emphasis on data monitoring across end-use industries is contributing to the market growth significantly.

Other factors, such as the increasing integration of artificial intelligence (AI) and machine learning (ML), proliferating establishments of smart cities and significant infrastructural development, the growing demand for energy-efficient solutions, and the increasing significance of data security and privacy, are creating a positive outlook for the market further across the globe.

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
    • External Chassis and Modules
    • Plug-In Analog I/O Boards
  • Software
    • Bundled
    • 3rd Party

Speed Insights:

  • High Speed (>100 KS/s)
  • Low Speed (<100 KS/s)

Channel Insights:

  • < 32 Channels
  • 32-128 Channels
  • > 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

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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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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