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Global Data Acquisition System Market to reach USD xx billion by the end of 2030.

Global Data Acquisition System Market Size study & Forecast, by Component (Hardware, Software), by Speed (High-speed, Low-speed), by Industry Vertical (Automotive & Transportation, Healthcare, Food & Beverage, Aerospace & Defense, Power & Energy, Manufacturing, Others) and Regional Analysis, 2023-2030

Product Code: ICTICTI-10871863
Publish Date: 30-10-2023
Page: 200

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
Keysight Technologies
Spectris plc
Siemens Digital Industries Software
National Instruments Corporation
ADLINK Technology, Inc
Yokogawa Electric Corporation
General Electric Company
AstroNova, Inc

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 Component

By Speed

By Industry Vertical
Automotive & Transportation
Food & Beverage
Aerospace & Defense
Power & Energy

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Data Acquisition System Market, by Region, 2020-2030 (USD Billion)
1.2.2. Data Acquisition System Market, by Component, 2020-2030 (USD Billion)
1.2.3. Data Acquisition System Market, by Speed, 2020-2030 (USD Billion)
1.2.4. Data Acquisition System Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Data Acquisition System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Data Acquisition System Market Dynamics
3.1. Data Acquisition System Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing adoption of connected devices Surging demand for high-speed connectivity
3.1.2. Market Challenges Risk associated with data breach Technical complexity
3.1.3. Market Opportunities Growing investments in the automotive sector Rising industrial automation
Chapter 4. Global Data Acquisition System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Data Acquisition System Market, by Component
5.1. Market Snapshot
5.2. Global Data Acquisition System Market by Component, Performance – Potential Analysis
5.3. Global Data Acquisition System Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Data Acquisition System Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
Chapter 6. Global Data Acquisition System Market, by Speed
6.1. Market Snapshot
6.2. Global Data Acquisition System Market by Speed, Performance – Potential Analysis
6.3. Global Data Acquisition System Market Estimates & Forecasts by Speed 2020-2030 (USD Billion)
6.4. Data Acquisition System Market, Sub Segment Analysis
6.4.1. High-speed
6.4.2. Low-speed
Chapter 7. Global Data Acquisition System Market, by Industry Vertical
7.1. Market Snapshot
7.2. Global Data Acquisition System Market by Industry Vertical, Performance – Potential Analysis
7.3. Global Data Acquisition System Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
7.4. Data Acquisition System Market, Sub Segment Analysis
7.4.1. Automotive & Transportation
7.4.2. Healthcare
7.4.3. Food & Beverage
7.4.4. Aerospace & Defense
7.4.5. Power & Energy
7.4.6. Manufacturing
7.4.7. Others
Chapter 8. Global Data Acquisition System Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Data Acquisition System Market, Regional Market Snapshot
8.4. North America Data Acquisition System Market
8.4.1. U.S. Data Acquisition System Market Component breakdown estimates & forecasts, 2020-2030 Speed breakdown estimates & forecasts, 2020-2030 Industry Vertical breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Data Acquisition System Market
8.5. Europe Data Acquisition System Market Snapshot
8.5.1. U.K. Data Acquisition System Market
8.5.2. Germany Data Acquisition System Market
8.5.3. France Data Acquisition System Market
8.5.4. Spain Data Acquisition System Market
8.5.5. Italy Data Acquisition System Market
8.5.6. Rest of Europe Data Acquisition System Market
8.6. Asia-Pacific Data Acquisition System Market Snapshot
8.6.1. China Data Acquisition System Market
8.6.2. India Data Acquisition System Market
8.6.3. Japan Data Acquisition System Market
8.6.4. Australia Data Acquisition System Market
8.6.5. South Korea Data Acquisition System Market
8.6.6. Rest of Asia Pacific Data Acquisition System Market
8.7. Latin America Data Acquisition System Market Snapshot
8.7.1. Brazil Data Acquisition System Market
8.7.2. Mexico Data Acquisition System Market
8.8. Middle East & Africa Data Acquisition System Market
8.8.1. Saudi Arabia Data Acquisition System Market
8.8.2. South Africa Data Acquisition System Market
8.8.3. Rest of Middle East & Africa Data Acquisition System Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Emerson Electric Co Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Teledyne Technologies Incorporated
9.3.3. Keysight Technologies
9.3.4. Spectris plc
9.3.5. Siemens Digital Industries Software
9.3.6. National Instruments Corporation
9.3.7. ADLINK Technology, Inc
9.3.8. Yokogawa Electric Corporation
9.3.9. General Electric Company
9.3.10. AstroNova, Inc
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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