Home Press Releases Data Acquisition System Market Size worth $ 2.71 Billion By 2030 | CAGR: 5.4%

Data Acquisition System Market Size worth $ 2.71 Billion By 2030 | CAGR: 5.4%

The global data acquisition system market size is expected to reach USD 2.71 billion by 2030 according to a new study by Polaris Market Research. The report “Data Acquisition System Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software); By Speed {High-speed (>100 KS/S), Low-speed (<100 KS/S)}; By Vertical; By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

One of the primary elements driving the industry growth is the integration of control methods with information acquisition solutions, which allows real-time control and post-recording display and analysis. Also, aerospace, wireless communication, automotive, and manufacturing are among the industries that are rapidly adopting 5G technology. For instance, the present 4G technology is insufficient to support the development and acceptance of autonomous vehicles in the automotive industry. Thus, the demand for 5G technology connectivity boosts the product demand that is driving the industry growth.

 

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Furthermore, the growing use of DAQ methods in the healthcare industry is propelling industry expansion, as they simplify the transfer of medical information and increase the quality of care. Aside from that, the  F&B industry’s extensive adoption of supervisory control and data acquisition (SCADA) systems for improving food quality management highly affects the need for DAQ systems. These methods with the internet of things in home automation systems can also be related to increased product demand.

 

Based on the vertical, the aerospace and defense segment accounted for the leading share in the market in 2021. The necessity for testing aircraft and their equipment with real-time monitoring features across numerous metrics and extreme environmental difficulties is driving the growth of the DAQ method market for the aerospace & defense segment.

 

Market players such ADLINK Technology, AMETEK, Inc., AstroNova Inc, Campbell Scientific Inc, Curtiss-Wright Corporation, Dataforth Corporation, Dewetron GmbH, Emerson Electric Co., Fortive, General Electric, Honeywell International Inc., imc Test & Measurement GmbH, Keysight Technologies, National Instruments Corp, Rockwell Automation Corporation, Schneider Electric, Siemens Digital Industries Software, Spectris PLC, Teledyne Technologies Incorporated, and Yokogawa Electric Corporation are some key players operating in the global market. In February 2021, Teledyne SP Devices, a Teledyne Technologies Incorporated brand, developed the ADQ32, a 4th modular data acquisition board designed for high-throughput applications.

 

Polaris Market Research has segmented the data acquisition system market report based on offering, speed, vertical, application, and region:

 

Data Acquisition System, OfferingOutlook (Revenue – USD Million, 2018 – 2030

  • Hardware
    • External chassis and modules
    • Plug-in I/O analog boards
  • Software
    • Bundled
    • 3rd Party

Data Acquisition System, Speed Outlook (Revenue – USD Million, 2018 – 2030

  • High-speed (>100 KS/S)
  • Low-speed (<100 KS/S)

Data Acquisition System, Vertical Outlook (Revenue – USD Million, 2018 – 2030

  • Automotive & Transportation
  • Aerospace & Defense
  • Power & Energy
  • Wireless Communications & Infrastructure
  • Environmental Monitoring
  • Healthcare
  • Food & beverage
  • Others

Data Acquisition System, Application Mode Outlook (Revenue – USD Million, 2018 – 2030

  • Research & Development
  • Field
  • Manufacturing

Data Acquisition System, Regional Outlook (Revenue – USD Million, 2018 – 2030

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Netherlands
    • Spain
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Australia
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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