Data Acquisition (DAQ) System Market Size is estimated to grow at a CAGR of 6.5% during the forecast period


Posted October 4, 2023 by Niraj1

The global data acquisition (DAQ) system market is projected to expand at a compounded annual growth (CAGR) of 6.5% during the forecast period of 2022-2030.
 
The global data acquisition (DAQ) system market is projected to expand at a compounded annual growth (CAGR) of 6.5% during the forecast period of 2022-2030.
In order to collect data with the aid of a computer, a data acquisition system integrates hardware components. The system makes use of a variety of sensors to gather analog signals at various industrial sites that provide real-time data about physical phenomena like temperature, pressure, voltage, current, and sound. It is primarily utilized for production, automation, quality control, research and analysis, diagnostics, and repair across a variety of end-user industries.

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Growth Drivers:
The demand for high-speed connectivity technologies, the expanding use of enterprise data acquisition systems, the expanding adoption of DAQ solutions across a variety of end-user verticals, the rising implementation of Industry 4.0 globally, the expanding data monitoring requirements around the world, and the soaring investments in infrastructure and renewable energy power plants are all factors driving this market's expansion.
Additionally, in order to improve financial performance, manufacturing organizations are focusing more on monitoring the condition of their assets and the effectiveness of their manufacturing processes due to the fierce competition in the sector. The increasing demand for remote data monitoring, independent of time or location, is likewise accelerating the uptake of data collecting devices. These elements significantly contribute to the market for data acquisition (DAQ) systems around the world.
Additionally, the data acquisition (DAQ) system market is expanding at a faster rate thanks to the widespread adoption of smart manufacturing and factory automation, which involves tracking various system parameters and keeping an eye on a variety of data sources to get a clearer picture of the floor operations and machines.
Data Acquisition (DAQ) System Market Segmentation:
By Offering:
· Hardware
o External Chassis and Modules
o Plug-in I/O Analog Boards
· Software
o Bundled
o 3rd Party

By Speed:
· High-speed (>100 KS/S)
· Low-speed ( 128 Channels

By Application:
· R&D
· Field
· Manufacturing

By Vertical:
· Automotive & Transportation
· Aerospace & Defense
· Power & Energy
· Wireless Communications & Infrastructure
· Environmental Monitoring
· Healthcare
· Food & beverage
· Others

By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa

Key Companies in Data Acquisition (DAQ) System Market:
· Curtiss-Wright Corporation
· Emerson Electric Co.
· National Instruments Corp.
· Keysight Technologies
· Siemens Digital Industries Software
· Spectris PLC
· Gantner Instruments
· General Electric
· Honeywell International Inc.
· AMETEK Inc.
· Dewesoft d.o.o
· Teledyne Technologies Incorporated
· Yokogawa Electric Corporation
· AstroNova Inc.
· Rockwell Automation Corporation
· Schneider Electric
· ABB Ltd.
· HBM
· General Electric
· Other Players

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Issued By James
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Categories Electronics , Semiconductors , Technology
Tags data acquisition daq system market , data acquisition daq system market analysis , data acquisition daq system market research , data acquisition daq system market growth
Last Updated October 4, 2023