Data Acquisition System (DAQ) Market Report

Market Insights

Data acquisition system market is likely to witness an impressive CAGR of 5.7% during the forecast period. The demand for data acquisition systems is driven mainly by the increasing demand for high-speed connectivity among various end-use industries.

Segment Analysis

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Data Acquisition System Market Share: By Component Type

Based on the component type, the market is segmented as hardware and software. The hardware segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The higher share is attributed to the growing emphasis on data monitoring coupled with the increasing demand for accuracy and precision in measurement applications for various end-use industries.

Data Acquisition System Market Share: By Application Type

Based on the application type, the market is segmented as research and analysis, manufacturing and quality, asset condition monitoring, and design validation and repair. The research and analysis segment is projected to expand with the highest CAGR over the forecast period owing to the rising requirement for real-time analysis of data from industries, such as automotive, wireless communication, aerospace, and defense.

Data Acquisition System Market Share: By End-User Type

Based on the end-user type, the market is segmented as aerospace, defense & government services, automotive, energy, wireless communication and infrastructure, and others. The automotive segment is projected to grow at the fastest rate during the forecast period owing to the growing applications in the industry such as virtual load test and on-road data acquisition.

Data Acquisition System Market Share: By Region

In terms of regions, North America is expected to be the largest market for data acquisition systems during the forecast period. The North American market is expected to expand with a lucrative CAGR due to high adoption of advanced technology, presence of dominant market players, and huge demand from the US.

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Market Scope & Segmentation

DAQ is an abbreviation for data acquisition systems. The system is used to convert analog waveforms into digital values for processing. Real world physical conditions when measured and altered by sampling of signals, resulting the samples to get converted into digital numeric values that can be manipulated with the help of a computer is known as data acquisition.  

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market

The data acquisition system market is segmented into the following categories. 

Data Acquisition System Market Size, Share, & Forecast, by Component Type:

• Hardware  
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Component Type Analysis: Sensors/Transducers, Signal Conditioners, and Data Acquisition Hardware)
• Software
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Data Acquisition System Market Size, Share, & Forecast, by Application Type:

• Research and Analysis (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Manufacturing and Quality (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Asset Condition Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Design Validation and Repair (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Data Acquisition System Market Size, Share, & Forecast, by End-User Type:

• Aerospace, Defense & Government Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wireless Communication and Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Data Acquisition System Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major players in the data acquisition system market are-

• National Instruments
• Keysight Technologies
• Siemens
• Schneider Electric
• HBM
• Yokogawa
• Ametek
• Tektronix
• Fluke Corporation
• Brüel & Kjær
• Emerson Electric
• GE
• Honeywell
• Rockwell Automation
• Omron Corporation
• Macrodyne
• Teledyne Technologies.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the component types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].