According to a new market research report published by Global Insight Services “Data Acquisition(DAQ) System Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A Data Acquisition System (DAQ) is a device used to convert physical parameters into digital data for further processing or analysis. DAQ systems are used in a variety of applications, including data logging, process control, and automatic testing. DAQ systems can be used to measure voltage, current, temperature, pressure, and other variables.
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Key Players
- National Instruments Corp
- Keysight Technologies
- Siemens Digital
- Spectris PLC
- Fortive
Key Trends and Drivers
The Data Acquisition (DAQ) System Market is driven by the increasing need for data acquisition in various application areas such as automotive, aerospace & defense, healthcare, and others. The DAQ system market is also driven by the growing demand for portable DAQ systems. The key trends observed in the DAQ system market include the increasing adoption of cloud-based DAQ systems, the growing demand for wireless DAQ systems, and the increasing use of DAQ systems in the automotive industry.
The automotive industry is one of the major application areas for DAQ systems. The automotive industry is witnessing a shift from the traditional combustion engine vehicles to the electric vehicles. This shift is driven by the stringent emission regulations, the need for fuel efficiency, and the growing demand for electric vehicles. The electric vehicles require data acquisition for various purposes such as monitoring the battery status, determining the vehicle range, and others.
The healthcare industry is another major application area for DAQ systems. The DAQ systems are used in the healthcare industry for various purposes such as patient monitoring, clinical trials, and others. The DAQ system market is expected to grow at a significant rate during the forecast period due to the increasing demand from the healthcare industry.
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Market Segments
By Offering
- Hardware
- Software
By Speed
- High-speed (>100 KS/S)
- Low-speed (<100 KS/S)
By Application
- R&D
- Field
- Manufacturing
By Vertical
- Automotive & Transportation
- Aerospace & Defense
- Power & Energy
- Healthcare
- Food & Beverage
- Others
Reasons to buy Data Acquisition(DAQ) System Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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About Global Insight Services:
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