Data Acquisition (DAQ) System Market is expected to grow at a CAGR of 4.51% through 2029.
Global Data Acquisition (DAQ) System Market is expected to grow owing to proliferation of IoT devices and the increasing trend of connectivity throughout the forecast period.
According
to TechSci Research report, “Data
Acquisition (DAQ) System Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2019-2029F”, the Global Data Acquisition (DAQ)
System Market is expected to register robust growth during the
forecast period.
The adoption of Industry
4.0 principles, characterized by the integration of digital technologies into
manufacturing processes, is a significant driver for the DAQ System Market.
Smart factories leverage DAQ systems to collect, process, and analyze data in
real-time, enabling predictive maintenance, quality control, and overall
operational efficiency.
The
adoption of Industry 4.0 principles, emphasizing the integration of digital
technologies and smart manufacturing, presents a significant opportunity for
DAQ system providers. Smart factories leverage DAQ systems for real-time
monitoring, predictive maintenance, and data-driven decision-making, enhancing
overall operational efficiency.
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Data Acquisition (DAQ) System Market"
Based
on offering, the
Hardware segment is expected to dominate the market during the forecast period.
DAQ modules and systems serve as
the central processing units of the hardware segment. These include standalone
data acquisition devices as well as modular systems that can be integrated into
larger setups. The market is witnessing a transition towards compact and
ruggedized DAQ systems, particularly in industries where portability and
durability are crucial factors. Additionally, there is a growing emphasis on
the integration of communication interfaces such as Ethernet and USB to enhance
connectivity and facilitate data transfer between DAQ systems and external
devices. Connectivity interfaces are essential for the seamless integration of
DAQ hardware with other components and systems. This includes interfaces such
as USB, Ethernet, and wireless protocols. The market is observing a trend
towards the adoption of faster and more reliable connectivity options to
accommodate the increasing volume of data generated by sensors. The integration
of wireless communication technologies, such as Bluetooth and Wi-Fi, is
becoming more prevalent, enabling greater flexibility in system deployment and
data accessibility. In summary, the hardware segment of the Global Data
Acquisition System Market is evolving to meet the increasing demands for
precision, modularity, and connectivity. The development of advanced sensors,
signal conditioning modules, data acquisition devices, and connectivity
interfaces reflects the dynamic nature of the DAQ system market as it strives
to address diverse industry requirements and technological advancements..
Key
market players in the Global Data Acquisition (DAQ) System Market are:-
- National
Instruments Corp.
- Keysight
Technologies Inc.
- Siemens AG
- Spectris PLC
- Fortive Corporation
- ADLINK
Technology Inc.
- AMETEK, Inc
- Dewesoft d.o.o
- Teledyne
Technologies Incorporated
- Yokogawa
Electric Corporation
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“The
Global Data Acquisition (DAQ) System Market in North America is poised to be
the dominant region in the industry. North
America boasts a robust and diverse industrial sector, ranging from traditional
manufacturing to advanced technology-driven industries. The adoption of
Industry 4.0 principles, which emphasize the integration of digital
technologies for smart manufacturing, is a significant trend influencing the
DAQ system market. Manufacturers in the region are increasingly leveraging DAQ
systems to enhance automation, optimize production processes, and achieve
real-time monitoring and control. The integration of DAQ systems with
Industrial Internet of Things (IIoT) technologies is particularly prevalent,
facilitating data-driven decision-making and operational efficiency across
industries.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Data Acquisition (DAQ) System Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Offering (Hardware and Software), By Application (R&D, Field and Manufacturing), By End-User (Automotive & Transportation, Aerospace & Defense, Power & Energy and Others), By Region, and By Competition, 2019-2029F”, has evaluated the future growth
potential of Global Data Acquisition (DAQ) System Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Data Acquisition (DAQ) System Market.
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