Data Acquisition (DAQ) System Market

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 (2021-2026)

Report Code: SE 7123 Nov, 2021, by marketsandmarkets.com

[284 Pages Report] The global DAQ system market is estimated to grow from USD 1.7 billion in 2021 to USD 2.3  billion by 2026, at a CAGR of 5.5%.

Rising emphasis on data monitoring in end user sectors, Increasing implementation of Industry 4.0 as well as rising demand for high-speed connectivity technologies like implementation of 5G and so on are driving the growth of DAQ system market. Moreover, growing adoption of DAQ solutions in automotive & transportation, aerospace & defense, power & energy and other verticals will drive the demand for this market in the near future.

Data Acquisition System Market

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COVID-19 Impact on the Global DAQ System Market

The DAQ system market declined in 2020. This is because governments of several major economies have enforced lockdowns to curb the spread of COVID-19. With lockdown in place, manufacturing activities have been affected significantly. Aerospace and defense as well as automotive & transportation are the major verticals for DAQ system solutions. Many countries, including the US, China, Japan, and South Korea, had stopped the production of automobiles for several weeks in 2020 due to the COVID-19 pandemic. Chinese parts exports, manufacturing interruptions across Europe, and the assembly plants in the US were impacted due to the pandemic-induced lockdowns. Companies such as GM, Ford, and Fiat Chrysler had to stop their production. Companies such as GM and Toyota have been aiming at following strict protocols to reduce the risks of infections, which has made it difficult for companies to get back to normal levels of production and begin rebuilding vehicle stocks. A substantial decline was seen in the aerospace & defense vertical too. Due to the pandemic outbreak, more than 25 airlines filed for bankruptcy between April and June, including major Latin American carriers such as LATAM Airlines, regional powerhouses like South Africa Airways, and prominent US and European carriers such as Air Berlin, Flybe, and Miami Air, among others. All these factors have impacted the demand of DAQ system market during the pandemic.

In addition to this, reduced economic activities owing to the outbreak and spread of COVID-19 have caused changes in power & energy, wireless communication and infrastructure, construction demand and supply patterns in different economies. However, with ease in lockdown in countries such as China, India, the US, and Germany, and vaccines being rolled out by numerous countries, the manufacturing sector is expected to pick up the pace gradually in the coming months, and the DAQ system market is expected to recover by the end of 2021.

DAQ System Market Dynamics

Driver: Rising emphasis on data monitoring in end user sectors

In the aerospace & defense, government, energy, and automotive sectors, data monitoring improves the quality of operations and helps in early fault detection at the production stage. In addition, data monitoring helps increase the operational efficiency of equipment with minimum human intervention. In the energy sector, data monitoring helps in evaluating the performance of assets such as solar PV, wind turbines, and other power generation equipment. For instance, monitoring wind turbine data has become critical to wind power generation operations in the US in recent years. According to British Petroleum, the total wind generation in the US was 340.9 TWH in 2020, which was the highest to date. Also, the US was ranked second in terms of total wind consumption after China in 2020. With increasing wind power capacity, wind turbines need to be constantly monitored for parameters such as vibrations, wind speed, and temperature for efficient and reliable operations. In the aerospace industry, data monitoring helps in analyzing the flight aerodynamics characteristics and validating the design and safety parameters of the engine and other aircraft components.

Restraint: CAPEX cost and complexity of DAQ systems

Consumers of DAQ systems are highly price-conscious and demand low-cost DAQ systems that have a higher quality. However, a DAQ system’s cost depends on key parameters such as sensors, channel counts, and the necessity to design a DAQ system to survive harsh working environments. The more the channel count and speed, the higher will be the cost. DAQ systems are becoming increasingly complex due to technological advancements in the design and development of these equipment. This creates the demand for higher testing capabilities, and manufacturers are continuously required to upgrade their existing technology to cater to the demands of specific applications. Manufacturers of DAQ systems also need to adhere to various technical standards, and this increases the cost of a DAQ system.

Opportunity: Surging demand for high-speed connectivity technologies like 5G

Industries such as aerospace, wireless communication, automotive, and manufacturing are increasingly adopting 5G technology. In the automotive sector, for instance, the current 4G technology is not fast enough to support the development and adoption of autonomous cars. The devices used in autonomous vehicle development, such as the image recognition system, voice detection system, and other digital devices, require 5G technology to boost high-speed connectivity. Similarly, in the aerospace sector, 5G technology is used to increase the reliability of the avionics equipment by reducing latency and increasing the connectivity speed. Further, various countries have already been investing in 5G technology to enhance the digital infrastructure and stay competitive in the digital economy. South Korea, China, the US, and Germany are some major countries adopting and deploying 5G infrastructure of wireless technology. These countries are expected to provide opportunities for DAQ systems in different end user industries, including wireless communication & infrastructure. This is expected to create new opportunities for the DAQ system market during the forecast period.

Challenge: Highly competitive market

The global DAQ system market is highly competitive, with several manufacturers trying to develop new systems to meet the growing demand for applications through innovation, quality, and service. This is further driven by the increased competition among OEMs to adopt new technological advancements in the automotive, aerospace & defense, and energy sectors. The engineers and designers of these technological solutions often need to test and upgrade their equipment to remain competitive in the market. In recent years, the adoption of 5G and IoT in manufacturing has been the key focus of development for major OEMs in the aerospace and automotive sectors in North America and Europe. For instance, top aerospace manufacturers such as Airbus and Boeing use IoT technology to perform advanced analytics, which enhances the manufacturing performance through live tracking and advanced simulations to determine the lifecycle of the equipment.

Hardware type is expected to contribute the largest market share during the forecast period

Hardware is expected to lead the data acquisition system market during the forecast period. DAQ hardware is widely used due to its modular design and the possibility of arranging various combinations to satisfy a wide range of customized experimental setups. Additionally, the adoption of Ethernet is gaining momentum owing to factors such as interoperability and ease of integration, thereby fueling the demand for DAQ hardware. The demand for DAQ hardware is rising as they are widely deployed in manufacturing applications—in both process and discrete, laboratory/R&D, automotive, and aerospace & defense markets. The external chassis and module increase 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 modules.

Aerospace & defense is expected to have the largest market share during the forecast period

The market for aerospace & defense vertical is expected to have significantly the largest market share during the forecast period. The growth of the DAQ system market for the aerospace & defense vertical is driven by the need for testing aircraft and their components with real-time monitoring features against various parameters and extreme environmental challenges. DAQ systems play a vital role during various testing procedures in ensuring that the aerospace products and components meet the desired functional specifications. These tests are carried out during the design, development, and manufacturing stages of aerospace components and play an important role in confirming if aerospace components, subsystems, and complete flight systems meet the specified requirements. These factors have contributed to the increased demand for DAQ systems in the aerospace & defense vertical.

Asia Pacific to witness the highest growth in DAQ system market in terms of CAGR, globally

The market in APAC will grow at the highest CAGR during the forecast period. Rapid advancements in technologies, increasing manufacturing units, stringent regulatory policies pertaining to testing and measurement of products, strong government support towards manufacturing and adoption of new technologies such as AI and IoT, and significant presence of key industry players in the region are a few major factors driving the DAQ system market growth in APAC. The country is expected to have a rising demand for DAQ solutions owing to factors such as presence of countries including China, Japan, and India. China is the largest vehicle manufacturer in APAC. Increasing penetration of different automotive OEMs/plants in the regions due to the rising demand for automobile production is driving the APAC DAQ system market.

Data Acquisition System Market by Region

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Key Market Players

The DAQ system market is dominated by players such as National Instruments Corp (National Instruments, US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK), Fortive (US), ADLINK Technology (Taiwan), AMETEK, Inc (US), Dewesoft d.o.o (Slovenia), Teledyne Technologies Incorporated (US), Yokogawa Electric Corporation (Japan). Other players include AstroNova Inc (US), Campbell Scientific Inc (US), Curtiss-Wright Corporation (US), Dataforth Corporation (US), Dewetron GmbH (Austria), Emerson Electric Co US), Gantner Instruments (Austria), General Electric (US), Graphtec Corporation (Japan), imc Test & Measurement GmbH (Germany), Hioki E.E. Corporation (Japan), Honeywell International Inc (US), MTS System Corp (US), Kistler Group (Switzerland), Rockwell Automation Corporation (US), Schneider Electric (France), and SEFRAM Instruments (France)

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Scope of the Report

Report Metric

Details

Market size available for years

2017-2026

Base year considered

2020

Forecast period

2021-2026

Forecast units

Value (USD Million),

Segments covered

By offering, by speed, by application and vertical

Geographies covered

North America, Europe, APAC, Rest of the World

Companies covered

National Instruments Corp ( US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK), Fortive (US), ADLINK Technology (Taiwan), AMETEK, Inc (US), Dewesoft d.o.o (Slovenia), Teledyne Technologies Incorporated (US), Yokogawa Electric Corporation (Japan). Other players include AstroNova Inc (US), Campbell Scientific Inc (US), Curtiss-Wright Corporation (US), Dataforth Corporation (US), Dewetron GmbH (Austria), Emerson Electric Co US), Gantner Instruments (Austria), General Electric (US), Graphtec Corporation (Japan), imc Test & Measurement GmbH (Germany), Hioki E.E. Corporation (Japan), Honeywell International Inc (US), MTS System Corp (US), Kistler Group (Switzerland), Rockwell Automation Corporation (US), Schneider Electric (France), and SEFRAM Instruments (France)

The study categorizes the DAQ system market based on value, by offering, by speed, by application and vertical at the regional and global levels.

By offering

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

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
  • Wireless Communications & Infrastructure
  • Environmental Monitoring
  • Healthcare
  • Food & beverage
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    •  Middle East & Africa
    • South America

Recent Developments

  • In July 2021, Dewesoft signed a sales contract with a Austrian company ELIN Motoren GmbH. The company has fully integrated a mandatory vibration measurement of each produced machine – motor or generator – as part of the final inspection procedure. When searching for a suitable DAQ system, the requirements were to keep it portable, measure vibration and electrical power with just one system (raw data), and that the delivery of the data during the test should flow flawlessly to the KS Tornado testbed. Dewesoft provided the right solution – DewesoftX data acquisition software – and fulfilled its requirement.
  • In July 2021, Spectris acquired Concurrent Real-Time, a provider of high-performance real-time computer systems, solutions, and software for commercial and government markets. Concurrent Real-Time’s RedHawk Linux solutions deliver hard real-time performance in support of the world’s most sophisticated hardware-in-the-loop and man-in-the-loop simulation, high-speed data acquisition, process control, and low-latency transaction processing applications. This will expand Spectris’s abilities to provide sales and support from offices throughout North America, Europe, and Asia.
  • In February 2021, Teledyne SP Devices, a business unit of Teledyne Technologies, announced the release of ADQ32, a fourth-generation modular data acquisition board optimized for high-throughput applications.

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284

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
          FIGURE 1 DAQ SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key data from primary sources
                    2.1.2.4 Key industry insights
    2.2 MARKET SIZE ESTIMATION
          FIGURE 2 DAQ SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    2.2.1.1 Approach for estimating market size by top-down analysis (supply side)
                                FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—SUPPLY SIDE
                                FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—SUPPLY SIDE
           2.2.2 MARKET GROWTH PROJECTIONS
           2.2.3 BOTTOM-UP APPROACH
                    2.2.3.1 Approach for estimating market size by bottom-up analysis (demand side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
          TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 6 HARDWARE SEGMENT EXPECTED TO LEAD DAQ SYSTEM MARKET DURING FORECAST PERIOD
    FIGURE 7 FIELD SEGMENT TO GROW AT HIGHEST CAGR FOR DAQ SYSTEM MARKET DURING FORECAST PERIOD
    FIGURE 8 AUTOMOTIVE & TRANSPORTATION VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 9 DAQ SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    TABLE 2 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
          FIGURE 10 GROWTH PROJECTIONS OF DAQ SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
          TABLE 3 DAQ SYSTEM MARKET: COVID-19 IMPACT ANALYSIS
          FIGURE 11 DATA ACQUISITION SYSTEM MARKET: COVID-19 IMPACT ANALYSIS

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE DAQ SYSTEM MARKET
          FIGURE 12 GROWTH OF THE AUTOMOTIVE INDUSTRY EXPECTED TO DRIVE THE MARKET
    4.2 DAQ SYSTEM MARKET, BY SPEED
          FIGURE 13 HIGH-SPEED DAQ SYSTEM EXPECTED TO LEAD THE MARKET FROM 2021 TO 2026 57
    4.3 NORTH AMERICA: DAQ SYSTEM MARKET, BY COUNTRY AND OFFERING
           FIGURE 14 HARDWARE SEGMENT AND US TO HOLD A MAJOR SHARE OF THE DAQ SYSTEM MARKET IN 2021
    4.4 DAQ SYSTEM MARKET, BY COUNTRY
           FIGURE 15 DAQ SYSTEM MARKET IN CHINA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 IMPACT OF DRIVERS AND OPPORTUNITIES ON DATA ACQUISITION SYSTEM MARKET
           FIGURE 17 IMPACT OF RESTRAINTS AND CHALLENGES ON DATA ACQUISITION SYSTEM MARKET
           FIGURE 18 RISING DEMAND FOR REAL-TIME DATA MONITORING TO PROPEL GROWTH OF DAQ SYSTEM MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising emphasis on data monitoring in end user sectors
                    5.2.1.2 Increasing implementation of Industry 4.0 across aerospace and automotive sectors
                                TABLE 4 EXPECTED ECONOMIC IMPACT OF IOT IN 2025
                    5.2.1.3 Growing advancements and flexibility of DAQ systems
           5.2.2 RESTRAINTS
                    5.2.2.1 Need for increased computational power for real-time data analysis
                    5.2.2.2 CAPEX cost and complexity of DAQ systems
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for automated DAQ systems
                    5.2.3.2 Surging demand for high-speed connectivity technologies like 5G
           5.2.4 CHALLENGES
                    5.2.4.1 Highly competitive market
    5.3 STANDARDS & REGULATIONS
           5.3.1 GLOBAL
           5.3.2 EUROPE
           5.3.3 NORTH AMERICA
    5.4 ASP ANALYSIS
          FIGURE 19 ASP ANALYSIS OF DAQ SYSTEM MARKET
    5.5 CASE STUDIES
           5.5.1 DEWESOFT OFFERED ITS DAQ SYSTEM FOR FLAWLESS DELIVERY OF DATA TO ELIN MOTOREN GMBH (AUSTRIA)
           5.5.2 METRO DE MADRID (SPAIN) UTILIZED GANTNER INSTRUMENTS’ Q.BRIXX X SYSTEM FOR BRAKE TESTING APPLICATIONS
           5.5.3 DAIMLER INDIA COMMERCIAL VEHICLES UTILIZED ROCKWELL AUTOMATION’S FACTORYTALK PRODUCTION CENTRE SOFTWARE FOR REAL-TIME DATA ACQUISITION DURING PRODUCTION PROCESS
           5.5.4 TEXAS ROCKET ENGINEERING LAB (TREL) AT THE UNIVERSITY OF TEXAS AT AUSTIN TO UTILIZE NI’S DAQ EQUIPMENT FOR HALCYON ROCKET TESTING.
           5.5.5 TERNA S.P.A (ITALY) UTILIZED DEWESOFT’S VIBRATION MEASUREMENT SYSTEM FOR TESTING HIGH-VOLTAGE SHUNT REACTORS
           5.5.6 NSTF (UK) UTILIZED PROSIG’S DATA ACQUISITION SYSTEMS THAT CAN BE EQUIPPED WITH SIGNAL CONDITIONAL MODULES FOR VIBRATION AND ACOUSTIC TESTING PURPOSES
           5.5.7 TECHNICAL UNIVERSITY OF DENMARK UTILIZED GANTNER INSTRUMENTS’ DAQ SYSTEM FOR ADVANCED STRUCTURAL AND MATERIAL TESTING
           5.5.8 SIGNAL.X PROVIDED CONTROL AND ACQUISITION SERVICES TO MOTOR DIAGNOSTIC SYSTEMS FOR ITS NEW DYNAMOMETER
           5.5.9 HBK SHOWCASED ITS MULTIPLE DATA ACQUISITION SYSTEM TO APPLUS+ IDIADA FOR VARIOUS SIMULATIONS AND TESTING OF ELECTRIC AND HYBRID ELECTRIC VEHICLES IN ITS NEW LAB FACILITY
    5.6 VALUE CHAIN ANALYSIS
          FIGURE 20 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDITION DURING MATERIAL AND COMPONENT PROVIDER AND MANUFACTURING PHASES
    5.7 ECOSYSTEM/MARKET MAP
          FIGURE 21 DATA ACQUISITION SYSTEM MARKET: ECOSYSTEM
          FIGURE 22 DATA ACQUISITION SYSTEM MARKET PLAYER ECOSYSTEM
           5.7.1 R&D
           5.7.2 HARDWARE MANUFACTURERS & SOFTWARE PROVIDERS
           5.7.3 END USERS
    5.8 DATA ACQUISITION SYSTEM MARKET: SUPPLY CHAIN
    5.9 TECHNOLOGY ANALYSIS & TRENDS
           5.9.1 DIGITAL TWIN TECHNOLOGY TO BE AN EMERGING TECHNOLOGY FOR DAQ SYSTEM SOLUTIONS
           5.9.2 RISING DEMAND FOR ELECTRIC AND HYBRID ELECTRIC VEHICLES
    5.10 PATENTS ANALYSIS
           FIGURE 23 NUMBER OF PATENTS RELATED TO DAQ SYSTEM MARKET GRANTED DURING 2010–2020
           5.10.1 LIST OF MAJOR PATENTS
    5.11 TRADE DATA
           5.11.1 IMPORTS DATA
                     FIGURE 24 IMPORTS DATA FOR HS CODE 8471, BY COUNTRY, 2016–2020
                     TABLE 5 IMPORTS DATA FOR HS CODE 8471, BY COUNTRY, 2016–2020 (USD BILLION)
           5.11.2 EXPORTS DATA
                     FIGURE 25 EXPORTS DATA FOR HS CODE 8471, BY COUNTRY, 2016–2020
                     TABLE 6 EXPORTS DATA FOR HS CODE 8471, BY COUNTRY, 2016–2020 (USD BILLION)
    5.12 PORTER’S FIVE FORCES ANALYSIS
            TABLE 7 DAQ SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
            FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: DAQ SYSTEM MARKET
           5.12.1 DEGREE OF COMPETITION
           5.12.2 THREAT OF NEW ENTRANTS
           5.12.3 THREAT OF SUBSTITUTES
           5.12.4 BARGAINING POWER OF SUPPLIERS
           5.12.5 BARGAINING POWER OF BUYERS
    5.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
            FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS (YC-YCC SHIFT) FOR DAQ SYSTEM MARKET

6 DATA ACQUISITION SYSTEM MARKET, BY OFFERING (Page No. - 87)
    6.1 INTRODUCTION
          FIGURE 28 DATA ACQUISITION SOFTWARE MARKET EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 8 DATA ACQUISITION SYSTEM MARKET, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 9 DATA ACQUISITION SYSTEM MARKET, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 10 DATA ACQUISITION SYSTEM MARKET, 2020–2026 (THOUSAND UNITS)
    6.2 HARDWARE
           TABLE 11 DATA ACQUISITION HARDWARE MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 12 DATA ACQUISITION HARDWARE MARKET, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 13 DATA ACQUISITION HARDWARE MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 14 DATA ACQUISITION HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION)
           TABLE 15 DATA ACQUISITION HARDWARE MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 16 DATA ACQUISITION HARDWARE MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           6.2.1 EXTERNAL CHASSIS & MODULES
                    6.2.1.1 External chassis is used for a variety of measurement and control functions
           6.2.2 PLUG-IN ANALOG I/O BOARDS
                    6.2.2.1 Plug-in analog I/O boards offer a variety of test functions, high channel counts, and adequate sensitivity to measure moderately low signal levels at low-cost
    6.3 SOFTWARE
           TABLE 17 DATA ACQUISITION SOFTWARE MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 18 DATA ACQUISITION SOFTWARE MARKET, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 19 DATA ACQUISITION SOFTWARE MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 20 DATA ACQUISITION SOFTWARE MARKET, BY REGION, 2021–2026 (USD MILLION)
           TABLE 21 DATA ACQUISITION SOFTWARE MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 22 DATA ACQUISITION SOFTWARE MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           6.3.1 BUNDLED
                    6.3.1.1 Bundled software is integrated with OEM devices
           6.3.2 THIRD-PARTY
                    6.3.2.1 Demand for third-party software is expected to decrease as other solutions offer multi-functional performance, enhanced flexibility, and/or greater real-time information access and delivery
    6.4 IMPACT OF COVID-19

7 DATA ACQUISITION SYSTEM MARKET, BY SPEED (Page No. - 97)
    7.1 INTRODUCTION
           FIGURE 29 HIGH-SPEED DATA ACQUISITION SYSTEM TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 23 DATA ACQUISITION SYSTEM MARKET, BY SPEED, 2017–2020 (USD MILLION)
           TABLE 24 DATA ACQUISITION SYSTEM MARKET, BY SPEED, 2021–2026 (USD MILLION)
    7.2 HIGH-SPEED (>100 KS/S)
           7.2.1 DEMAND FOR HIGH-SPEED DAQ SYSTEMS IS HIGH IN AEROSPACE, SATELLITE, AND AUTOMOTIVE VERTICALS
                      TABLE 25 HIGH-SPEED DATA ACQUISITION SYSTEM MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                      TABLE 26 HIGH-SPEED DATA ACQUISITION SYSTEM MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
    7.3 LOW-SPEED (<100 KS/S)
           7.3.1 LOW-SPEED DAQ SYSTEMS ARE MAINLY USED TO MEASURE VOLTAGE, CURRENT, TEMPERATURE, AND HUMIDITY
                      TABLE 27 LOW-SPEED DATA ACQUISITION SYSTEM MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                      TABLE 28 LOW-SPEED DATA ACQUISITION SYSTEM MARKET, BY VERTICAL, 2021–2026 (USD MILLION)

8 DATA ACQUISITION SYSTEM MARKET, BY APPLICATION (Page No. - 103)
    8.1 INTRODUCTION
           FIGURE 30 R&D APPLICATION TO HOLD LARGEST SIZE OF DAQ SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 29 DATA ACQUISITION SYSTEM MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 30 DATA ACQUISITION SYSTEM MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 R&D
           8.2.1 DATA ACQUISITION SOFTWARE HELPS REDUCE NEED FOR EXTRA STEPS AND ENABLES IMMEDIATE FEEDBACK
                    FIGURE 31 HARDWARE SEGMENT TO LEAD THE DAQ SYSTEM MARKET FOR R&D APPLICATION DURING FORECAST PERIOD
                    TABLE 31 DATA ACQUISITION SYSTEM MARKET FOR R&D, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 32 DATA ACQUISITION SYSTEM MARKET FOR R&D, BY OFFERING, 2021–2026 (USD MILLION)
                    FIGURE 32 NORTH AMERICA EXPECTED TO BE LARGEST DAQ SYSTEM MARKET FOR R&D DURING FORECAST PERIOD
                    TABLE 33 DATA ACQUISITION SYSTEM MARKET FOR R&D, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 34 DATA ACQUISITION SYSTEM MARKET FOR R&D, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 35 DATA ACQUISITION SYSTEM MARKET FOR R&D IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 36 DATA ACQUISITION SYSTEM MARKET FOR R&D IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 37 DATA ACQUISITION SYSTEM MARKET FOR R&D IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 38 DATA ACQUISITION SYSTEM MARKET FOR R&D IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 39 DATA ACQUISITION SYSTEM MARKET FOR R&D IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 40 DATA ACQUISITION SYSTEM MARKET FOR R&D IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 41 DATA ACQUISITION SYSTEM MARKET FOR R&D IN ROW, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 42 DATA ACQUISITION SYSTEM MARKET FOR R&D IN ROW, BY REGION, 2021–2026 (USD MILLION)
    8.3 FIELD
           8.3.1 COMPETITIVE PRESSURE IS FORCING ENGINEERS TO PERFORM PRODUCT DEVELOPMENT QUICKLY
                    TABLE 43 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 44 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 45 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 46 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 47 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 48 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 49 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 50 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 51 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 52 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 53 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 54 DATA ACQUISITION SYSTEM MARKET FOR FIELD APPLICATION IN ROW, BY REGION, 2021–2026 (USD MILLION)
    8.4 MANUFACTURING
           8.4.1 DATA ACQUISITION SYSTEMS HELP TEST DIFFERENT COMPONENTS DURING MANUFACTURING PHASE
                    TABLE 55 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 56 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING, BY OFFERING, 2021–2026 (USD MILLION)
                    FIGURE 33 APAC TO GROW AT THE HIGHEST CAGR FOR MANUFACTURING APPLICATION IN DATA ACQUISITION SYSTEM MARKET DURING FORECAST PERIOD
                    TABLE 57 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 58 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 59 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 60 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 61 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 62 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 63 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 64 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 65 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 66 DATA ACQUISITION SYSTEM MARKET FOR MANUFACTURING IN ROW, BY REGION, 2021–2026 (USD MILLION)

9 DATA ACQUISITION SYSTEM MARKET, BY VERTICAL (Page No. - 120)
    9.1 INTRODUCTION
           FIGURE 34 AUTOMOTIVE & TRANSPORTATION VERTICAL EXPECTED TO GROW AT THE HIGHEST RATE DURING FORECAST PERIOD
           TABLE 67 DATA ACQUISITION SYSTEM MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
           TABLE 68 DATA ACQUISITION SYSTEM MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
    9.2 AEROSPACE & DEFENSE
           9.2.1 DEMAND FOR REAL-TIME DATA MONITORING AND MODERNIZATION IN AEROSPACE OPERATIONS TO DRIVE THE SEGMENT
                    FIGURE 35 NORTH AMERICA TO LEAD DAQ SYSTEM MARKET FOR AEROSPACE & DEFENSE VERTICAL DURING FORECAST PERIOD
                    TABLE 69 DATA ACQUISITION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 70 DATA ACQUISITION SYSTEM MARKET FOR AEROSPACE & DEFENSE,  BY REGION, 2021–2026 (USD MILLION)
                    TABLE 71 DATA ACQUISITION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 72 DATA ACQUISITION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY SPEED, 2021–2026 (USD MILLION)
    9.3 ENERGY & POWER
           9.3.1 GROWING RENEWABLE ENERGY INSTALLATIONS AND DIGITALIZATION OF ENERGY OPERATIONS TO DRIVE MARKET GROWTH
                    FIGURE 36 APAC IS EXPECTED TO LEAD IN TERMS OF CAGR FOR ENERGY & POWER VERTICAL DURING THE FORECAST PERIOD
                    TABLE 73 DATA ACQUISITION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 74 DATA ACQUISITION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 75 DATA ACQUISITION SYSTEM MARKET FOR ENERGY & POWER, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 76 DATA ACQUISITION SYSTEM MARKET FOR ENERGY & POWER, BY SPEED, 2021–2026 (USD MILLION)
    9.4 AUTOMOTIVE & TRANSPORTATION
           9.4.1 AUTONOMOUS DRIVING, CONNECTIVITY, AND ELECTRIC MOBILITY ARE EXPECTED TO DRIVE DAQ DEMAND
                    FIGURE 37 EUROPE TO LEAD DAQ SYSTEM MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL DURING FORECAST PERIOD
                    TABLE 77 DATA ACQUISITION SYSTEM MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 78 DATA ACQUISITION SYSTEM MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 38 HIGH-SPEED DAQ SYSTEM TO LEAD DAQ SYSTEM MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL DURING FORECAST PERIOD
                    TABLE 79 DATA ACQUISITION SYSTEM MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 80 DATA ACQUISITION SYSTEM MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY SPEED, 2021–2026(USD MILLION)
    9.5 WIRELESS COMMUNICATION & INFRASTRUCTURE
           9.5.1 RISING TREND OF 5G TECHNOLOGY EXPECTED TO BOOST MARKET GROWTH
                    TABLE 81 DATA ACQUISITION SYSTEM MARKET FOR WIRELESS COMMUNICATION & INFRASTRUCTURE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 82 DATA ACQUISITION SYSTEM MARKET FOR WIRELESS COMMUNICATION & INFRASTRUCTURE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 83 DATA ACQUISITION SYSTEM MARKET FOR WIRELESS COMMUNICATION & INFRASTRUCTURE, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 84 DATA ACQUISITION SYSTEM MARKET FOR WIRELESS COMMUNICATION & INFRASTRUCTURE, BY SPEED, 2021–2026 (USD MILLION)
    9.6 ENVIRONMENTAL MONITORING
           9.6.1 DAQ SYSTEMS FOR ENVIRONMENTAL MONITORING HELP REDUCE MAN-HOURS AND AVOID TRANSCRIPTION ERRORS
                    TABLE 85 DATA ACQUISITION SYSTEM MARKET FOR ENVIRONMENTAL MONITORING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 86 DATA ACQUISITION SYSTEM MARKET FOR ENVIRONMENTAL MONITORING,  BY REGION, 2021–2026 (USD MILLION)
                    TABLE 87 DATA ACQUISITION SYSTEM MARKET FOR ENVIRONMENTAL MONITORING, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 88 DATA ACQUISITION SYSTEM MARKET FOR ENVIRONMENTAL MONITORING, BY SPEED, 2021–2026 (USD MILLION)
    9.7 HEALTHCARE
           9.7.1 USE OF DAQ SYSTEMS HELPS PROVIDE BETTER PREDICTIVE ANALYTICS IN VARIOUS MEDICAL APPLICATIONS
                    TABLE 89 DATA ACQUISITION SYSTEM MARKET FOR HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 90 DATA ACQUISITION SYSTEM MARKET FOR HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 91 DATA ACQUISITION SYSTEM MARKET FOR HEALTHCARE, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 92 DATA ACQUISITION SYSTEM MARKET FOR HEALTHCARE, BY SPEED, 2021–2026 (USD MILLION)
    9.8 FOOD & BEVERAGES
           9.8.1 DAQ SYSTEMS ENABLE EFFICIENT DIGITAL RECORDING IN PROCESSES OF FOOD & BEVERAGES VERTICAL
                    TABLE 93 DATA ACQUISITION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 94 DATA ACQUISITION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 95 DATA ACQUISITION SYSTEM MARKET FOR FOOD & BEVERAGES, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 96 DATA ACQUISITION SYSTEM MARKET FOR FOOD & BEVERAGES, BY SPEED, 2021–2026 (USD MILLION)
    9.9 OTHERS
           9.9.1 DATA ACQUISITION SYSTEMS ARE USED IN CHEMICAL INDUSTRY TO DISPLAY INFORMATION IN CONTROL ROOMS
                    TABLE 97 DATA ACQUISITION SYSTEM MARKET FOR OTHER VERTICALS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 98 DATA ACQUISITION SYSTEM MARKET FOR OTHER VERTICALS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 99 DATA ACQUISITION SYSTEM MARKET FOR OTHER VERTICALS, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 100 DATA ACQUISITION SYSTEM MARKET FOR OTHER VERTICALS, BY SPEED, 2021–2026 (USD MILLION)
    9.10 IMPACT OF COVID-19 ON DIFFERENT VERTICAL

10 GEOGRAPHIC ANALYSIS (Page No. - 140)
     10.1 INTRODUCTION
             FIGURE 39 NORTH AMERICA TO CONTRIBUTE LARGEST MARKET SIZE IN DAQ SYSTEM MARKET DURING FORECAST PERIOD
             TABLE 101 DATA ACQUISITION SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 102 DATA ACQUISITION SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 40 NORTH AMERICA: DAQ SYSTEM MARKET SNAPSHOT
             TABLE 103 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 104 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 105 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 106 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 107 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY VERTICAL, 2017–2020 (USD MILLION)
             TABLE 108 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY VERTICAL, 2021–2026 (USD MILLION)
             TABLE 109 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 110 DATA ACQUISITION SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Rising R&D expenditure in automotive and aerospace sectors likely to drive DAQ market growth
             10.2.2 CANADA
                        10.2.2.1 Growing investments in autonomous and connected vehicles and R&D in new mobility trends expected to propel DAQ system market growth
             10.2.3 MEXICO
                        10.2.3.1 Increasing investments in smart grid and aerospace & defense sectors anticipated boosting data acquisition system market growth in Mexico
     10.3 EUROPE
             FIGURE 41 EUROPE: DAQ SYSTEM MARKET SNAPSHOT
             TABLE 111 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 112 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 113 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 114 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 115 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY VERTICAL, 2017–2020 (USD MILLION)
             TABLE 116 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY VERTICAL, 2021–2026 (USD MILLION)
             TABLE 117 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 118 DATA ACQUISITION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Adoption of industrial automation across UK is supporting DAQ system market growth
             10.3.2 GERMANY
                        10.3.2.1 Focus on robust and competitive data logging in automotive industry is driving market for DAQ systems in Germany
             10.3.3 FRANCE
                        10.3.3.1 Booming aerospace sector is creating demand for data acquisition systems in France
             10.3.4 ITALY
                        10.3.4.1 Development of high-tech integrated systems by aerospace manufacturers and adoption of automation technologies are driving market growth in Italy
             10.3.5 REST OF EUROPE
                        10.3.5.1 New technological developments in automotive sector are inducing demand for DAQ systems
     10.4 APAC
             FIGURE 42 APAC: DAQ SYSTEM MARKET SNAPSHOT
             TABLE 119 DATA ACQUISITION SYSTEM MARKET IN APAC, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 120 DATA ACQUISITION SYSTEM MARKET IN APAC, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 121 DATA ACQUISITION SYSTEM MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 122 DATA ACQUISITION SYSTEM MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 123 DATA ACQUISITION SYSTEM MARKET IN APAC, BY VERTICAL, 2017–2020 (USD MILLION)
             TABLE 124 DATA ACQUISITION SYSTEM MARKET IN APAC, BY VERTICAL, 2021–2026 (USD MILLION)
             TABLE 125 DATA ACQUISITION SYSTEM MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 126 DATA ACQUISITION SYSTEM MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Demand for testing mobility technologies and 5G infrastructure development are creating demand for DAQ systems
             10.4.2 JAPAN
                        10.4.2.1 Investments in new mobility trends and development of 5G are creating demand for DAQ systems
             10.4.3 SOUTH KOREA
                        10.4.3.1 R&D investments in emerging technologies are generating demand for DAQ systems
             10.4.4 REST OF APAC
     10.5 ROW
             TABLE 127 DATA ACQUISITION SYSTEM MARKET IN ROW, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 128 DATA ACQUISITION SYSTEM MARKET IN ROW, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 129 DATA ACQUISITION SYSTEM MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 130 DATA ACQUISITION SYSTEM MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 131 DATA ACQUISITION SYSTEM MARKET IN ROW, BY VERTICAL, 2017–2020 (USD MILLION)
             TABLE 132 DATA ACQUISITION SYSTEM MARKET IN ROW, BY VERTICAL, 2021–2026 (USD MILLION)
             TABLE 133 DATA ACQUISITION SYSTEM MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
             TABLE 134 DATA ACQUISITION SYSTEM MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             10.5.1 MIDDLE EAST AND AFRICA
                        10.5.1.1 Growing investments in oil & gas, power generation, and chemicals industries to boost DAQ system market growth
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Development of smart grids in region to drive market for DAQ systems
     10.6 IMPACT OF COVID 19 ON DIFFERENT REGIONS

11 COMPETITIVE LANDSCAPE (Page No. - 167)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 135 OVERVIEW OF STRATEGIES DEPLOYED BY KEY DAQ SYSTEM MANUFACTURERS
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     11.3 MARKET SHARE ANALYSIS: DAQ SYSTEM MARKET, 2020
             FIGURE 43 DAQ SYSTEM MARKET SHARE ANALYSIS, 2020
             TABLE 136 DEGREE OF COMPETITION, 2020
     11.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 44 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN DAQ SYSTEM MARKET
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 EMERGING LEADER
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANT
                       FIGURE 45 DAQ SYSTEM MARKET: COMPANY EVALUATION QUADRANT, 2020
             11.5.5 COMPETITIVE BENCHMARKING
                        FIGURE 46 OVERALL COMPANY FOOTPRINT
                        TABLE 137 PRODUCT FOOTPRINT OF COMPANIES
                        TABLE 138 VERTICAL FOOTPRINT OF COMPANIES
                        TABLE 139 REGIONAL FOOTPRINT OF COMPANIES
     11.6 STARTUP/SME EVALUATION QUADRANT
             TABLE 140 LIST OF STARTUP COMPANIES IN THE DAQ SYSTEM MARKET
             11.6.1 PROGRESSIVE COMPANY
             11.6.2 RESPONSIVE COMPANY
             11.6.3 DYNAMIC COMPANY
             11.6.4 STARTING BLOCK
                        FIGURE 47 DAQ SYSTEM MARKET: STARTUP/SME EVALUATION QUADRANT, 2020
     11.7 COMPETITIVE SCENARIO AND TRENDS
             11.7.1 PRODUCT LAUNCHES
                        TABLE 141 DAQ SYSTEM MARKET: PRODUCT LAUNCHES, 2021
             11.7.2 DEALS
                        TABLE 142 DAQ SYSTEM MARKET: DEALS, 2019–2021
             11.7.3 OTHERS
                        TABLE 143 DAQ SYSTEM MARKET: OTHERS, 2021

12 COMPANY PROFILES (Page No. - 187)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     12.1 KEY PLAYERS
             12.1.1 NATIONAL INSTRUMENTS
                        TABLE 144 NATIONAL INSTRUMENTS: BUSINESS OVERVIEW
                        FIGURE 48 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
                        TABLE 145 NATIONAL INSTRUMENTS: PRODUCTS OFFERED
                        TABLE 146 NATIONAL INSTRUMENTS: PRODUCT LAUNCHES
                        TABLE 147 NATIONAL INSTRUMENTS: DEALS
                        TABLE 148 NATIONAL INSTRUMENTS: OTHERS
             12.1.2 KEYSIGHT TECHNOLOGIES
                        TABLE 149 KEYSIGHT TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 49 KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 150 KEYSIGHT TECHNOLOGIES: PRODUCTS OFFERED
                        TABLE 151 KEYSIGHT TECHNOLOGIES: PRODUCT LAUNCHES
                        TABLE 152 KEYSIGHT TECHNOLOGIES: DEALS
                        TABLE 153 KEYSIGHT TECHNOLOGIES: OTHERS
             12.1.3 SPECTRIS (HBK+OMEGA+RED LION)
                        TABLE 154 SPECTRIS: BUSINESS OVERVIEW
                        FIGURE 50 SPECTRIS: COMPANY SNAPSHOT
                        TABLE 155 SPECTRIS: PRODUCTS OFFERED
                        TABLE 156 SPECTRIS: PRODUCT LAUNCHES
                        TABLE 157 SPECTRIS: DEALS
                        TABLE 158 SPECTRIS: OTHERS
             12.1.4 SIEMENS DIGITAL INDUSTRIES SOFTWARE
                        TABLE 159 SIEMENS DIGITAL INDUSTRIES SOFTWARE: BUSINESS OVERVIEW
                        TABLE 160 SIEMENS DIGITAL INDUSTRIES SOFTWARE: PRODUCTS OFFERED
                        TABLE 161 SIEMENS DIGITAL INDUSTRIES SOFTWARE: PRODUCT LAUNCHES
                        TABLE 162 SIEMENS DIGITAL INDUSTRIES SOFTWARE: DEALS
                        TABLE 163 SIEMENS DIGITAL INDUSTRIES SOFTWARE: OTHERS
             12.1.5 FORTIVE
                        TABLE 164 FORTIVE: BUSINESS OVERVIEW
                        FIGURE 51 FORTIVE: COMPANY SNAPSHOT
                        TABLE 165 FORTIVE: PRODUCTS OFFERED
                        TABLE 166 FORTIVE: PRODUCT LAUNCHES
                        TABLE 167 FORTIVE: DEALS
             12.1.6 ADLINK TECHNOLOGY
                        TABLE 168 ADLINK TECHNOLOGY: BUSINESS OVERVIEW
                        FIGURE 52 ADLINK TECHNOLOGY: COMPANY SNAPSHOT
                        TABLE 169 ADLINK TECHNOLOGY: PRODUCTS OFFERED
                        TABLE 170 ADLINK TECHNOLOGY: PRODUCT LAUNCHES
                        TABLE 171 ADLINK TECHNOLOGY: DEALS
                        TABLE 172 ADLINK TECHNOLOGY: OTHERS
             12.1.7 AMETEK
                        TABLE 173 AMETEK: BUSINESS OVERVIEW
                        FIGURE 53 AMETEK: COMPANY SNAPSHOT
                        TABLE 174 AMETEK: PRODUCTS OFFERED
                        TABLE 175 AMETEK: PRODUCT LAUNCHES
                        TABLE 176 AMETEK: DEALS
                        TABLE 177 AMETEK : OTHERS
             12.1.8 DEWESOFT
                        TABLE 178 DEWESOFT: BUSINESS OVERVIEW
                        TABLE 179 DEWESOFT: PRODUCTS OFFERED
                        TABLE 180 DEWESOFT: PRODUCT LAUNCHES
                        TABLE 181 DEWESOFT: DEALS
                        TABLE 182 DEWESOFT: OTHERS
             12.1.9 TELEDYNE TECHNOLOGIES
                        TABLE 183 TELEDYNE TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 54 TELEDYNE TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 184 TELEDYNE TECHNOLOGIES: PRODUCTS OFFERED
                        TABLE 185 TELEDYNE TECHNOLOGIES: PRODUCT LAUNCHES
                        TABLE 186 TELEDYNE TECHNOLOGIES: DEALS
                        TABLE 187 TELEDYNE TECHNOLOGIES: OTHERS
             12.1.10 YOKOGAWA ELECTRIC
                        TABLE 188 YOKOGAWA ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 55 YOKOGAWA ELECTRIC: COMPANY SNAPSHOT
                        TABLE 189 YOKOGAWA ELECTRIC: PRODUCTS OFFERED
                        TABLE 190 YOKOGAWA ELECTRIC: PRODUCT LAUNCHES
                        TABLE 191 YOKOGAWA ELECTRIC: DEALS
                        TABLE 192 YOKOGAWA ELECTRIC: OTHERS
     12.2 OTHER PLAYERS
             12.2.1 ASTRONOVA
             12.2.2 CAMPBELL SCIENITIFC
             12.2.3 CURTISS-WRIGHT
             12.2.4 DEWETRON
             12.2.5 DATA FORTH
             12.2.6 EMERSON ELECTRIC
             12.2.7 GANTNER INSTRUMENTS
             12.2.8 GENERAL ELECTRIC
             12.2.9 GRAPHTEC
             12.2.10 HIOKI
             12.2.11 HONEYWELL
             12.2.12 IMC TEST & MEASUREMENT
             12.2.13 KISTLER
             12.2.14 MTS SYSTEMS
             12.2.15 ROCKWELL AUTOMATION
             12.2.16 SCHNEIDER ELECTRIC
             12.2.17 SEFRAM INSTRUMENTS

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 279)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the global DAQ system market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include company websites, magazines, industry news, associations, and databases (OneSource, Factiva, and Bloomberg), Japan Automobile Manufacturers Association (JAMA), The International Organization of Motor Vehicle Manufacturers (OICA), The International Renewable Energy Agency (IRENA), European Environment Agency (EEA), Semiconductor Industry Association (SIA), ASEAN Automotive Federation (AAF) and corporate filings (such as annual reports, investor presentations, and financial statements). Secondary data has been collected and analyzed to arrive at the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the DAQ system market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-and supply-side players across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Africa, South America and Central America). Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Data Acquisition System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the overall size of the DAQ system market. These methods have also been used extensively to estimate the size of various market subsegments.

The research methodology used to estimate the market size by top-down approach includes the following:

  • Focusing initially on top-line investments and expenditures being made in the ecosystems of the DAQ system market.
  • Calculating the market size considering the revenues generated by players through the sale of DAQ systems and solutions.
  • Further segmenting based on R&D activities and key developments in key market areas
  • Further segmenting based on mapping usage of DAQ  hardware and software for different applications
  • Building and developing the information related to the revenues generated by players through offering key types of DAQ  hardware and software
  • Conducting multiple on-field discussions with key opinion leaders across major companies involved in the development of DAQ systems.
  • Estimating the geographic split using secondary sources based on various factors such as the number of players in a specific country and region, the role of major players in the market for the development of innovative products, adoption and penetration rates in a particular country for various end-user applications, and others
  • The research methodology used to estimate the market size by bottom-up approach includes the following:
  • Identifying the entities in the DAQ system market influencing the entire market, along with the related component players
  • Analyzing major manufacturers of DAQ systems & solutions, studying their portfolios, and understanding different types of hardware and software solutions
  • Analyzing trends pertaining to the use of different types of DAQ systems for different kinds of applications
  • Tracking the ongoing and upcoming developments in the market, such as investments made, R&D activities, product launches, collaborations, and partnerships, and forecasting the market based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand the different types of DAQ system segments: by offering, by speed, by vertical, by application and recent trends in the market, thereby analyzing the breakup of the scope of work carried out by major companies
  • Arriving at the market estimates by analyzing revenues of the companies generated from each type of solution and then combining the same to get the market estimate
  • Segmenting the overall market into various other market segments
  • Verifying and cross-checking the estimate at every level from the discussion with key opinion leaders such as CXOs, directors, and operations managers, and finally with the domain experts in MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, for automotive & transportation, aerospace & defense, power& energy, wireless communications & infrastructure, healthcare, environmental monitoring, food & beverages and other verticals

Report Objectives

  • To describe and forecast the DAQ system market, in terms of value, by type, by speed, by application and vertical.
  • To describe and forecast the market, in terms of value, by region—North America, Europe,
    Asia Pacific (APAC) and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with regard to individual growth trends, prospects,
    and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position
    in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders and other key players
  • To analyze strategic approaches such as product launches, contracts, agreements, and partnerships in the DAQ system market.

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Report Code
SE 7123
Published ON
Nov, 2021
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