Data Acquisition (DAQ) System Market Outlook, Trends, Size, Share, Growth and Forecast 2022-2027

According to IMARC Group’s latest report, titled “Data Acquisition (DAQ) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global data acquisition (DAQ) system market reached a value of US$ 1.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2027, growing at a CAGR of 5.5% during 2022-2027. A data acquisition system (DAS or DAQ) refers to an information processing software that converts physical data into digital formats for further collection, storage, and analysis. It is used in commercial and industrial sectors to capture the voltage, temperature, current, pressure, and sound on a computer device. A data acquisition system consists of several parts, including software, hardware, and sensors. It also consists of various actuators, DAQ hardware, and signal conditioning hardware. Consequently, DAS is widely used in the manufacturing, healthcare, and automotive industries to provide a faster response and robust control in situations of failure during manufacturing processes.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends:

The data acquisition system market is primarily driven by the rapid implementation of industry 4.0 across the globe. In line with this, the rising emphasis on data monitoring across various end use sectors and the surging demand for high-speed connectivity technologies, such as the enactment of fifth-generation (5G) cellular networks, are further propelling the market growth. Moreover, the integration of control systems with DAQ solutions and the escalating demand for the system across the food and beverage (F&B) sector to improve the product quality are creating a positive outlook for the market.

Data Acquisition (DAQ) System Market 2022-2027 Competitive Analysis and Segmentation:

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 (GE) 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 on the basis of component type, speed, channel, end user and region.

Breakup by Component Type:

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

Breakup by Speed:

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

Breakup by Channel:

• < 32 Channels
• 32-128 Channels
• > 128 Channels

Breakup 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

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• 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.

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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.

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