The global data acquisition (DAQ) system market reached a value of US$ 1.4 Billion in 2020. Looking forward, the market is expected to reach a value of US$ 2.62 Billion in 2026, growing at a CAGR of 11.98% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
A data acquisition (DAQ) system relies on various sensors to collect information regarding physical phenomena, such as voltage, current, temperature, pressure and sound, in the form of analog signals. It includes signal conditioning circuitry and analog-to-digital converters (ADC), which process the incoming signals for further review and analysis. It provides excellent control and fast response to failure while manufacturing commercial products, such as automobiles, aircraft, large machinery and medical devices. As a result, it finds applications in various areas, from quality management to combustion analysis, process control to research and development (R&D). The integration of control systems with DAQ solutions, which provides real-time control and post-recording visualization and analysis of the data, represents one of the key factors driving the industry growth. Apart from this, the widespread adoption of supervisory control and data acquisition (SCADA) systems in the food and beverage (F&B) industry for improving food quality control is positively influencing the requirement for DAQ systems. The rising product demand can be also be attributed to the utilization of these systems with the internet of things (IoT) in home automation systems. Furthermore, the expanding product application in the healthcare industry is impelling the growth of the market, as DAQ systems facilitate the transmission of medical data and provide improved quality care. Other factors, such as increasing investments in the power transmission and distribution (T&D) sector, advancements in wireless communication technologies and increasing industrial automation, are expected to propel the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global data acquisition (DAQ) system market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component type, speed, channel, end user and region.
Breakup by Component Type:
External Chassis and Modules
Plug-In Analog I/O Boards
Breakup by Speed:
High Speed (>100 KS/s)
Low Speed (<100 KS/s)
Breakup by Channel:
< 32 Channels
> 128 Channels
Breakup by End User:
Aerospace and Defense
Energy and Power
Automotive and Transportation
Wireless Communication and Infrastructure
Water and Wastewater Treatment
Food and Beverages
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Yokogawa Electric Company
Key questions answered in this report:
How has the global data acquisition (DAQ) system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global data acquisition (DAQ) system market?
What are the key regional markets?
What is the breakup of the market based on the component type?
What is the breakup of the market based on the speed?
What is the breakup of the market based on the channel?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global data acquisition (DAQ) system market and who are the key players?
What is the degree of competition in the industry?