Data Acquisition (DAQ) System Market Size 2022: Industry Overview, Growth, Trends, Opportunities and Forecast Till 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,” offers a comprehensive analysis of the industry, which comprises insights on the data acquisition (DAQ) system market share.
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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Data Acquisition (DAQ) System 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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