Data Acquisition (DAQ) System Market by Offering, Speed, Application, Vertical and Region - Global Forecast 2025 - ResearchAndMarkets.com

The "Data Acquisition (DAQ) System Market by Offering (Hardware and Software), Speed (High Speed (>100 KS/S), Low Speed (<100 KS/S)), Application (R&D, Field and Manufacturing), Vertical, and Region - Global Forecast 2025" report has been added to ResearchAndMarkets.com's offering.

The DAQ market was valued at USD 1.7 billion in 2019 and is projected to reach USD 2.4 billion by 2025; growing at a CAGR of 5.3% from 2020 to 2025.

The major driving factors of the DAQ system industry are the increasing implementation of Industry 4.0 across aerospace and automotive sectors, technological advancements and flexibility of DAQ systems, and a growing emphasis on data monitoring. Recent advancements in high-speed connectivity applications, such as 4G and 5G, and growing demand for automated DAQ systems have increased the scope for DAQ systems in end-user sectors.

DAQ system hardware is expected to continue to hold the largest market share during the forecast period

DAQ hardware is an interface between the signal and a PC, which could be in the form of modules that can be connected to the computer's ports or cards connected to slots. DAQ hardware uses the signal conditioning process, wherein analog data is converted into digital data with sensors and other tools. Hardware can be connected to the computer through a communication interface, such as a PCI or USB, or can be directly installed in the motherboard. The hardware of the DAQ system is classified into external chassis and module and plug-in I/O boards. The external chassis and module provide increased productivity and performance in DAQ and control applications in industries. The continued migration to USB- and ethernet-based front-end systems that offer PC computing power and functionality is resulting in faster adoption rates, ultimately driving the market for external chassis and module.

Field application is the fastest-growing application during the forecast period in the DAQ system market

Field DAQ includes rugged devices that allow taking accurate measurements as close to the sensors as possible, even under a full range of environmental conditions. It is used to record data such as strain, force, displacement, acceleration, pressure, temperature, speed, and noise. These data sets help in deciding the test criteria for laboratory conditions. Devices with high-speed DAQ, and which can be distributed over a large area, are used for field applications. Field testers are getting a boost from IoT. Competitive pressure is forcing engineers to perform product development faster, thus driving the demand for field DAQ. A team of highly qualified and experienced engineers is engaged in the activity of field DAQ.

Aerospace & defense vertical to hold the largest market share of the DAQ system market in 2020

In the global aerospace & defense manufacturing, there is a need to track real-time data during product development and component testing, which can be achieved using DAQ systems. Aerospace & defense is the biggest end-user market for DAQ systems. DAQ systems are also used for carrying out flight experiments to acquire real-time data from ground experiments consisting of vision data (from CCD camera or/and infrared sensor) and navigation data from the auto-pilot board (APM) and playback-acquired data in a real-time on-flight simulator to carry out R&D. The aerospace & defense communication networks across regions are undergoing modernization, and this has further created a demand for DAQ systems. Countries such as the US, UK, and France have strong R&D spending in the aerospace sector. For instance, in 2019, the UK government pledged an investment of USD 159.6 million to support new technology developments in the aerospace sector. This is expected to drive the demand for DAQ systems during the forecast period.

Market Dynamics

Drivers

  • Rising Emphasis on Data Monitoring in End-User Sectors
  • Increasing Implementation of Industry 4.0 Across Aerospace and Automotive Sectors
  • Growing Advancements and Flexibility of DAQ Systems

Restraints

  • Need for Increased Computational Power for Real-Time Data Analysis
  • Capex Cost and Complexity of DAQ Systems

Opportunities

  • Growing Demand for Automated DAQ Systems
  • Surging Demand for High-Speed Connectivity Technologies, Such as 5G, in End-User Sectors

Challenges

  • Highly Competitive Market

Companies Profiled

  • National Instruments
  • Keysight Technologies
  • Fortive
  • Ametek
  • Teledyne Technologies
  • Yokogawa
  • Siemens
  • Schneider Electric
  • HBM
  • Tektronix
  • Brel & Kjr
  • Emerson Electric
  • GE
  • Honeywell
  • Rockwell Automation
  • Omron Corporation
  • Macrodyne
  • Dewetron
  • Campbell Scientific
  • Data Translation
  • Dewesoft
  • Hioki
  • Astronova
  • Sefram Instruments
  • Graphtec
  • IMC

For more information about this report visit https://www.researchandmarkets.com/r/dvmx2x

View source version on businesswire.com: https://www.businesswire.com/news/home/20200525005091/en/

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