Global Data Acquisition System Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Data Acquisition System (DAS) is a collection of hardware and software components used to gather and process data from various sources, such as sensors, instruments, and other measurement devices. The Data Acquisition System market is expanding because of factors such as the growing adoption of connected devices and surging demand for high-speed connectivity. The primary function data acquisition system is to capture, digitize, store, and analyze data in real-time analysis. DAS is implemented in various applications, including scientific research, industrial automation, automotive testing, environmental monitoring, and more.
Gateway devices serve as intermediaries between the connected devices and the central system. They facilitate data aggregation, protocol translation, and secure data transmission. According to Statista, the global number of Internet of Things (IoT) devices is expected to nearly double from 15.1 billion in 2020 to reach up to 29 billion by 2030. Furthermore, in 2030, China is going to have the most IoT devices, with over 8 billion consumer devices. Another important factor that drives the Data Acquisition System market is the increasing demand for high-speed connectivity. High-speed connectivity allows for rapid and continuous data acquisition from multiple sensors and devices. This is especially important in applications where real-time monitoring and control are critical, such as industrial automation, process control, and autonomous systems. In addition, as per Statista, in 2023, Qatar has the world’s fastest average mobile internet connection, registering at nearly 190 Mbps. The United Arab Emirates and Macau were next, with each having average median speeds of more than 170 Mbps. Moreover, growing investments in the automotive sector and rising industrial automation are anticipated to create lucrative growth opportunities for the market over the forecast period. However, risk associated with data breach and technical complexity stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Data Acquisition System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to favorable governmental changes, significant industrial automation adoption, and new intelligent manufacturing ventures in the region. Furthermore, Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the growing presence of multiple auto OEMs and factories and stringent regulatory policies pertaining to the testing and measurement of products in the region.
Major market player included in this report are:
Emerson Electric Co
Teledyne Technologies Incorporated
Siemens Digital Industries Software
National Instruments Corporation
ADLINK Technology, Inc
Yokogawa Electric Corporation
General Electric Company
Recent Developments in the Market:
Ø In June 2023, imc Test & Measurement introduced the modular data acquisition system called imc ARGUSfit. This cutting-edge system allows users to easily connect the base unit with additional amplifier and fieldbus interface modules, such as CAN FD, offering unparalleled flexibility for vehicle and machine testing and monitoring.
Global Data Acquisition System Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Speed, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Industry Vertical
Automotive & Transportation
Food & Beverage
Aerospace & Defense
Power & Energy
Middle East & Africa
Rest of Middle East & Africa