Scope of the Study
The data acquisition system is defined as the information system which mainly collects, stores and distributes information. It is also known as a data logger. It basically collects the data from the real world and then converts those data into the signal, which can be processed by computer. It is widely used in the industrial, commercial electronic and other engineering fields, due to capture the electrical signal and converted into other forms of the signal.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Data Acquisition Systems market is expected to see growth rate of 5.2% and may see market size of USD2.3 Billion by 2024.
National Instruments (United States), Keysight Technologies (United States), Siemens AG (Germany), HBM (Germany), Yokogawa Electric (Japan), ABB Ltd (Switzerland), Honeywell International (United States), Rockwell Automation (United States), Ametek Inc. (United States), Emerson Electric (United States) and Omron Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zetec Inc. (United States), Zumbach Electronic AG (Switzerland), Intelligent Instrumentation, Inc. (United States), Dewetron Gmbh (Austria) and BeanAir GmbH (France).
The data acquisition system market is highly fragmented with several major players such as National Instruments (United States), Keysight Technologies (United States), Siemens AG (Germany), among others.The Players having a strong hold in the market are Siemens AG (Germany), Keysight Technologies (United States), National Instruments (United States), among others. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Acquisition Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Data Acquisition Systems market by Type, Application and Region.
On the basis of geography, the market of Data Acquisition Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Vertical, the sub-segment i.e. Automotive & Transportations will boost the Data Acquisition Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Lifecycle Application, the sub-segment i.e. R&D will boost the Data Acquisition Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Hardware will boost the Data Acquisition Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Emphasis on Energy Efficiency, Resource Optimization, and Cost of Production
- Growing Demand for Industrial Mobility for Remotely Managing the Process Industry Worldwide
- Increasing Usage of Big Data & IoT, and Industrial Revolution 4.0 and Technological Advancement in Data Acquisition System
- Rising Adoption of Cloud Computing in Data Acquisition System across the world
- Technology advancement of Data Acquisition System such as Open Platform Communications Unified Architecture
- Issue related to Mature Market in North America and Europe
- The Growing Focus on DAQ Software for Data Analysis
- Growth of Wireless Data Acquisition System
- Mounting Demand from Emerging market namely India and China
- Problem Regarding the Requirement of High Computational Power
Market Leaders and their expansionary development strategies
In February 2019, the Advantech Co., Ltd. (China) Company has completed more than 80% acquisition of Omron Nohgata. In addition, in this acquisition, the company has also planned to expand its embedded system market share in Japan. Hence, this will help to enhance the growth of the revenue of the company. and In April 2018, the ABB (Switzerland) Company and Hewlett Packard Enterprise (United States) Company has formed a partnership. In this partnership, it provides manufacturers with actionable insights from significant amounts of industrial data. Therefore, it will affect the growth of the market in the future.
In November 2018, the Keysight Technologies (United States) Company has launched DAQ970A data acquisition system, which mainly provides test engineers with the widest range of measurement types & ranges and fast scan rates. Hence, this launch has helped the company to expand its product portfolio of the company. and In November 2018, the National Instruments Corporation (United States) company has launched LabVIEW NXG, which mainly design software and simplifies the most time-consuming tasks in an automated test. Hence, this would help in the expansion of the product portfolio of the company
Key Target AudienceData Acquisition System Manufactures, Data Acquisition System Suppliers/Distributors, Industry Association, Downstream Vendors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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