Data Acquisition System Trends and Forecast
The future of the global data acquisition system market looks promising with opportunities in the energy & power, automotive & transportation, aerospace & defense, wireless infrastructure, healthcare, and food & beverage markets. The global data acquisition system market is expected to reach an estimated $2.6 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing significance of data-driven decision-making across a variety of sectors, rising need for 5G and other high-speed communication technologies, and expanding innovations and adaptability of DAQ systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Data Acquisition System by Segment
The study includes a forecast for the global data acquisition system by offering, application, end use, and region.
Data Acquisition System Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Data Acquisition System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Research & Development
• Field Data Acquisition
• Manufacturing Data Acquisition
Data Acquisition System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Energy & Power
• Automotive & Transportation
• Aerospace & Defense
• Wireless Infrastructure
• Healthcare
• Food & Beverages
• Others
Data Acquisition System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Data Acquisition System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies data acquisition system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the data acquisition system companies profiled in this report include-
• Emerson Electric
• ABB
• General Electric
• Teledyne Technologies
• National Instruments
• Honeywell International
• Yokogawa Electric
• Campbell Scientific
• Schneider Electric
• AMETEK
Data Acquisition System Market Insights
Lucintel forecasts that manufacturing data acquisition will remain the largest segment over the forecast period due to increasing need in the industrial sector for process control and automation.
Within this market, aerospace & defense will remain the largest segment because acquiring accurate and timely data is essential for reliability and safety.
North America will remain the largest region over the forecast period due to growing initiatives in intelligent manufacturing, a rise in the use of industrial automation, and positive developments in government legislation.
Features of the Global Data Acquisition System Market
Market Size Estimates: Data acquisition system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Data acquisition system market size by offering, application, end use, and region in terms of value ($B).
Regional Analysis: Data acquisition system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, application, end use, and regions for the data acquisition system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the data acquisition system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the data acquisition system market size?
Answer: The global data acquisition system market is expected to reach an estimated $2.6 billion by 2030.
Q2. What is the growth forecast for data acquisition system market?
Answer: The global data acquisition system market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the data acquisition system market?
Answer: The major drivers for this market are growing significance of data-driven decision-making across a variety of sectors, rising need for 5G and other high-speed communication technologies, and expanding innovations and adaptability of DAQ systems.
Q4. What are the major segments for data acquisition system market?
Answer: The future of the global data acquisition system market looks promising with opportunities in the energy & power, automotive & transportation, aerospace & defense, wireless infrastructure, healthcare, and food & beverage markets.
Q5. Who are the key data acquisition system market companies?
Answer: Some of the key data acquisition system companies are as follows:
• Emerson Electric
• ABB
• General Electric
• Teledyne Technologies
• National Instruments
• Honeywell International
• Yokogawa Electric
• Campbell Scientific
• Schneider Electric
• AMETEK
Q6. Which data acquisition system market segment will be the largest in future?
Answer: Lucintel forecasts that manufacturing data acquisition will remain the largest segment over the forecast period due to increasing need in the industrial sector for process control and automation.
Q7. In data acquisition system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to growing initiatives in intelligent manufacturing, a rise in the use of industrial automation, and positive developments in government legislation.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the data acquisition system market by offering (hardware and software), application (research & development, field data acquisition, and manufacturing data acquisition), end use (energy & power, automotive & transportation, aerospace & defense, wireless infrastructure, healthcare, food & beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Data Acquisition System Market, Data Acquisition System Market Size, Data Acquisition System Market Growth, Data Acquisition System Market Analysis, Data Acquisition System Market Report, Data Acquisition System Market Share, Data Acquisition System Market Trends, Data Acquisition System Market Forecast, Data Acquisition System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.