Data Acquisition System (DAQ) Market

Data Acquisition System (DAQ) Market by Component Type (Hardware, Software), Application (Research and Analysis, Manufacturing and Quality, Asset Condition Monitoring, Design Validation and Repair), End-user, and Region - Global Forecast to 2024

Report Code: SE 7123 Feb, 2020, by marketsandmarkets.com
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[180 Pages Report] The global DAQ system market size is expected to grow from an estimated revenue of USD 1.9 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 5.9%. This growth is attributed to the growing demand for high-speed connectivity among end-use industries such as aerospace, defense, wireless communication, automation, and energy.

Data Acquisition System Market

The hardware segment is projected to have the largest share of the DAQ system market during the forecast period

The DAQ system market is segmented, by component type, into hardware and software. The hardware market type segment accounted for the largest market share in 2018, driven by the growing emphasis on data monitoring in end-users sectors such as aerospace and automotive in North America, Europe, and Asia Pacific regions. The future growth of the segment can be attributed to increased demand for highly accurate and precise measurement applications for aerospace, automotive, and wireless communication industries.

The research and analysis segment is expected to be the fastest-growing market, by application type, during the forecast period

The application segment of the DAQ system market is segmented into research and analysis, manufacturing and quality, asset condition monitoring and design validation and repair. Research and Analysis expected to register the highest growth rate during the forecast period. The growth in this segment is expected to be driven by an increasing need for real-time analysis of data from key end-users such as automotive, wireless communication, and aerospace and defense.

The automotive segment is expected to be the fastest-growing market segment in the data acquisition system industry, by end-user, during the forecast period

The DAQ system is segmented, by end-user, into aerospace, defense & government services, automotive, energy, wireless communication and infrastructure, and others. The automotive sector is projected to grow at the fastest rate during the forecast period. The auto sector is highly technology-driven and the DAQ system finds full applications ranging from virtual load test to on-road data acquisition. DAQ systems are extensively used to test the vehicles and components under real conditions of use such as increased exposure to extreme ambient and temperature conditions that reflect the real-world operational scenarios to measure further and enhance their operations.

Data Acquisition System Market

North America is expected to be the largest market during the forecast period

The market is segmented, by region, into North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America comprising of the US, Canada, and Mexico had the largest share of data acquisition system market share in 2018, and this trend is expected to continue until 2024. The DAQ system market in the region is expected to be driven by sectors such as aerospace, defense & government services, automotive, wireless communication and infrastructure and energy. Increasing the need for tracking real-time data, improved visibility, and control on production activity are driving the adoption of the DAQ system in this region.

Key Market Players

The major players in the data acquisition system (DAQ) market are market are National Instruments (US), Keysight Technologies (US), Fortive Corporation (US), Teledyne (US), Ametek (US) and Yokogawa (Japan).

National Instruments (US) is a key player in the DAQ system market which offers computer-based instrumentation hardware and software for testing and calibration. The data acquisition products provided by the company broadly encompass hardware, software and specialty products. Hardware products include multifunction input/output, voltage, current, digital input/output, counters and timers, packages controllers, board-level controllers, HMIS and display and safety products while software products help create customized solutions with integrated development environments. The company caters to various industries and applications worldwide including semiconductor, transportation, aerospace, government and defense.

Another major player in the market is Keysight Technologies (US). The company has a strong product portfolio for testing of 5G and wireless connectivity products. The products cater to end-user segments including power, energy, automotive, medical, research and education among others.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

USD Million/Thousand

Segments covered

By Component Type, By Application, By End-User, and By Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Companies covered

National Instruments (US), Keysight Technologies (US), Fortive (US), Ametek (US), Teledyne (US), and Yokogawa (Japan).

This research report categorizes the DAQ system market by component type, by application, end-user, and region.

By Component Type

  • Hardware
  • Software

By Application

  • Research and Analysis
  • Manufacturing and Quality
  • Asset Condition Monitoring
  • Design Validation and Repair

By End-User

  • Aerospace Defence and Govt. Services
  • Automotive
  • Energy
  • Wireless Communication and Infrastructure
  • Others

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Questions Addressed by the Report

  • What are the industry trends that would be seen over the next five years?
  • Which of the DAQ system elements is likely to lead by 2024?
  • Which of the end-user segments is expected to have the maximum opportunity to grow during the forecast period?
  • Which would be the leading region with the highest market share by 2024?
  • How are companies implementing organic and inorganic strategies to gain increased market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Definition
           1.2.1 Data Acquisition System Market, By Component: Inclusions & Exclusions
           1.2.2 Data Acquisition System Market, By Application: Inclusions & Exclusions
           1.2.3 Data Acquisition System Market, By End-User: Inclusions & Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Scope
    2.3 Market Size Estimation
           2.3.1 Supply-Side Analysis
                    2.3.1.1 Assumptions
                    2.3.1.2 Key Primary Insights
                    2.3.1.3 Calculation
           2.3.2 Demand Analysis
           2.3.3 Forecast
    2.4 Market Breakdown and Data Triangulation
    2.5 Primary Insights

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Data Acquisition System Market
    4.2 Data Acquisition System Market, By Region
    4.3 North America Data Acquisition System Market, By End-User & Country
    4.4 Data Acquisition System Market, By Components
    4.5 Data Acquisition System Market, By Application Type
    4.6 Data Acquisition System Market, By End-User

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Emphasis on Data Monitoring in End-Use Sectors
                    5.2.1.2 Increased Implementation of Industry 4.0 Across Aerospace and Automotive Sectors
                    5.2.1.3 Technological Advancement 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 Demand From High Speed Connectivity Applications Such as 5G in End-Use Sectors
           5.2.4 Challenges
                    5.2.4.1 Highly Competitive DAQ Systems Market

6 Data Acquisition System Market, By Component (Page No. - 45)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Demand for High Accuracy of Operations in Harsh Environments is Expected to Drive the Hardware Segment
                    6.2.1.1 Sensors/Transducers
                    6.2.1.2 Signal Conditioners
                    6.2.1.3 Data Acquisition Hardware
    6.3 Software
           6.3.1 Need for High Speed and Complex Data Processing is Expected to Drive the Software Segment

7 Data Acquisition System Market, By Application (Page No. - 50)
    7.1 Introduction
    7.2 Research and Analysis
           7.2.1 Rapid Technological Changes and Reduced Development Time are Expected to Drive the Market
    7.3 Manufacturing and Quality
           7.3.1 Need to Ensure Product Quality is Driving the Demand for DAQ System
    7.4 Asset Condition Monitoring
           7.4.1 Demand for Reducing Plant Downtime By Monitoring Asset Health is Driving the Market
    7.5 Design Validation and Repair
           7.5.1 Need for Validation of Design Changes to Reduce Failure is Driving the Market

8 Data Acquisition System Market, By End-User (Page No. - 56)
    8.1 Introduction
    8.2 Aerospace, Defense & Government Services
           8.2.1 Demand for Real Time Data Monitoring and Modernization in Aerospace Operations are Driving the Market
    8.3 Automotive
           8.3.1 New Mobility Technologies and Need for Real World Testing are Driving the Market
    8.4 Energy
           8.4.1 Growing Renewable Energy Installation and Digitalization of Energy Operations are Driving the Market
    8.5 Wireless Communication and Infrastructure
           8.5.1 5G Components Monitoring is Expected to Drive the Market
    8.6 Others

9 Data Acquisition System Market, By Region (Page No. - 63)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Strong Research and Development Spending in Automotive and Aerospace and Sectors is Driving the Market
           9.2.2 Canada
                    9.2.2.1 Growing Smart Grid Initiatives and R&D in New Mobility Trends are Expected to Drive the DAQ System Market
           9.2.3 Mexico
                    9.2.3.1 Massive Demand From Aerospace and Automotive Sectors is Expected to Drive the DAQ System Market
    9.3 South America
           9.3.1 Brazil
                    9.3.1.1 Higher Quality Product Development in Aerospace and Automotive Sectors is Driving the Demand for DAQ System
           9.3.2 Argentina
                    9.3.2.1 Growing Investment in Wireless Infrastructure Sector is Driving the Demand for DAQ System
           9.3.3 Chile
                    9.3.3.1 Strong Demand From the Automotive and Aerospace Sectors is Expected to Drive the Demand for DAQ System
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 Demand for Testing Mobility Technologies and 5G Infrastructure Development and are Creating the Demand for DAQ System
           9.4.2 Australia
                    9.4.2.1 Government Support for Wireless Infrastructure is Creating the Demand for DAQ System
           9.4.3 Japan
                    9.4.3.1 Investment in New Mobility Trends and Development of 5G are Creating the Demand for DAQ System
           9.4.4 South Korea
                    9.4.4.1 Adoption of 5G Technologies and Development of Autonomous Car are Creating the Demand for DAQ System
           9.4.5 India
                    9.4.5.1 Renewable Grid Integration and Support for 5G Technology are Expected to Drive the Demand for DAQ System
           9.4.6 Rest of Asia Pacific
                    9.4.6.1 Taiwan
                    9.4.6.2 Hong Kong
                    9.4.6.3 Malaysia
                    9.4.6.4 Singapore
                    9.4.6.5 Thailand
    9.5 Europe
           9.5.1 Germany
                    9.5.1.1 Strong Demand for DAQ System to Test Innovative Automotive and Aerospace Technologies is Expected to Drive the Demand
           9.5.2 France
                    9.5.2.1 Testing for Advanced Technologies in Aerospace and Proposed Renewable Energy Addition are Expected to Drive the Demand
           9.5.3 UK
                    9.5.3.1 Development of New Aerospace Propulsion System and AI, Big Data Investments are Expected to Drive the Demand
           9.5.4 Russia
                    9.5.4.1 Development of Innovative High-Speed Aerospace Technologies and Demand for Modernization are Expected to Drive the Demand
           9.5.5 Spain
                    9.5.5.1 Development of New Powertrain Technologies and R&D Support for the Aerospace Sector are Expected to Drive the Demand
           9.5.6 Italy
                    9.5.6.1 Integrated Systems Development in Aerospace Development and Automation Technologies are Expected to Drive the Market
           9.5.7 Rest of Europe
                    9.5.7.1 Austria
                    9.5.7.2 Belgium
                    9.5.7.3 Finland
                    9.5.7.4 The Netherlands
                    9.5.7.5 Sweden
                    9.5.7.6 Switzerland
    9.6 Middle East & Africa
           9.6.1 Middle East
                    9.6.1.1 Grid Modernization and Wireless Infrastructure are Expected to Drive the Demand for DAQ System
           9.6.2 Africa
                    9.6.2.1 Growing Solar Installation and Research in the Aerospace Sector are Expected to Drive the Demand for DAQ System

10 Competitive Landscape (Page No. - 111)
     10.1 Overview
     10.2 Competitive Leadership Mapping (Overall Market)
             10.2.1 Visionary Leaders
             10.2.2 Innovators
             10.2.3 Dynamic
             10.2.4 Emerging
     10.3 Market Share, 2018
     10.4 Competitive Scenario
             10.4.1 New Product Launches
             10.4.2 Partnerships &Collaborations
             10.4.3 Merger & Acquisition
             10.4.4 Contracts & Agreements

11 Company Profile (Page No. - 119)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 National Instruments
     11.2 Keysight Technologies
     11.3 Siemens
     11.4 Schneider Electric
     11.5 HBM
     11.6 Yokogawa
     11.7 Ametek
     11.8 Tektronix
     11.9 Fluke Corporation
     11.10 Brüel & Kjær
     11.11 Emerson Electric
     11.12 GE
     11.13 Honeywell
     11.14 Rockwell Automation
     11.15 Omron Corporation
     11.16 Macrodyne
     11.17 Teledyne Technologies
     11.18 Other Companies
             11.18.1 Mathworks
             11.18.2 Campbell Scientific
             11.18.3 Data Translation

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 173)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (102 Tables)

Table 1 Data Acquisition System Market: Players/Companies Connected
Table 2 Data Acquisition System Market: Industry / Country Analysis
Table 3 Key Parameters/Trends
Table 4 Data Acquisition System Market Snapshot
Table 5 Expected Economic Impact of IoT in 2025
Table 6 Data Acquisition System Market Size, By Component, 2017–2024 (USD Thousand)
Table 7 Hardware: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 8 Software: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 9 Data Acquisition System Market Size, By Application, 2017–2024 (USD Thousand)
Table 10 Research and Analysis: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 11 Manufacturing and Quality: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 12 Asset Condition Monitoring: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 13 Design Validation and Repair: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 14 Data Acquisition System Market Size, By End-User, 2017–2024 (USD Thousand)
Table 15 Aerospace, Defense & Government Services: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 16 Automotive: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 17 Energy: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 18 Wireless Communication and Infrastructure: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 19 Others: Data Acquisition System Market Size, By Region, 2017–2024 (USD Thousand)
Table 20 Global Data Acquisition System Market Size, By Region, 2017-2024 (USD Thousand)
Table 21 North America: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 22 North America: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 23 North America: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 24 North America: Data Acquisition System Market Size, By Country, 2017-2024 (USD Thousand)
Table 25 US: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 26 US: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 27 US: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 28 Canada: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 29 Canada: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 30 Canada: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 31 Mexico: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 32 Mexico: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 33 Mexico: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 34 South America: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 35 South America: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 36 South America: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 37 South America: Data Acquisition System Market Size, By Country, 2017-2024 (USD Thousand)
Table 38 Brazil: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 39 Brazil: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 40 Brazil: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 41 Argentina: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 42 Argentina: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 43 Argentina: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 44 Chile: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 45 Chile: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 46 Chile: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 47 Asia Pacific: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 48 Asia Pacific: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 49 Asia Pacific: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 50 Asia Pacific: Data Acquisition System Market Size, By Country, 2017-2024 (USD Thousand)
Table 51 China: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 52 China: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 53 China: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 54 Australia: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 55 Australia: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 56 Australia: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 57 Japan: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 58 Japan: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 59 Japan: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 60 South Korea: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 61 South Korea: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 62 South Korea: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 63 India: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 64 India: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 65 India: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 66 Rest of Asia Pacific: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 67 Rest of Asia Pacific: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 68 Rest of Asia Pacific: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 69 Rest of Asia Pacific: Data Acquisition System Market Size, By Country, 2017-2024 (USD Thousand)
Table 70 Europe: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 71 Europe: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 72 Europe: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 73 Europe: Data Acquisition System Market Size, By Country, 2017-2024 (USD Thousand)
Table 74 Germany: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 75 Germany: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 76 Germany: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 77 France: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 78 France: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 79 France: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 80 UK: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 81 UK: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 82 UK: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 83 Russia: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 84 Russia: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 85 Russia: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 86 Spain: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 87 Spain: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 88 Spain: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 89 Italy: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 90 Italy: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 91 Italy: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 92 Rest of Europe: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 93 Rest of Europe: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 94 Rest of Europe: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 95 Rest of Europe: Data Acquisition System Market, By Country, 2017-2024 (USD Thousand)
Table 96 Middle East & Africa: Data Acquisition System Market Size, By Region, 2017-2024 (USD Thousand)
Table 97 Middle East: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 98 Middle East: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 99 Middle East: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)
Table 100 Africa: Data Acquisition System Market Size, By Component, 2017-2024 (USD Thousand)
Table 101 Africa: Data Acquisition System Market Size, By Application, 2017-2024 (USD Thousand)
Table 102 Africa: Data Acquisition System Market Size, By End-User, 2017-2024 (USD Thousand)


List of Figures (44 Figures)

Figure 1 Data Acquisition System Market: Research Design
Figure 2 Research Methodology: Illustration of Data Acquisition System Company Revenue Estimation (2018)
Figure 3 Ranking of Key Players and Market Share, 2018
Figure 4 Data Triangulation Methodology
Figure 5 Key Service SWOT Analysis Providers’ Point of View
Figure 6 North America Dominated the Data Acquisition System Market in 2018
Figure 7 Hardware Segment is Expected to Hold the Largest Share of the Data Acquisition System Market, By Component Type, During the Forecast Period
Figure 8 Research and Analysis Segment is Expected to Lead the Data Acquisition System Market, By Application Type, During the Forecast Period
Figure 9 Aerospace, Defense & Government Services Segment is Expected to Lead the Data Acquisition System Market, By End-User, During the Forecast Period
Figure 10 Growing Emphasis on Data Monitoring is Expected to Drive the Data Acquisition System Market, 2019–2024
Figure 11 North America Data Acquisition System Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Aerospace, Defense & Government Services and the US Dominated the Data Acquisition System Market in 2018
Figure 13 Hardware Segment is Projected to Dominate the Data Acquisition System Market, By Component Type, Until 2024
Figure 14 Research and Analysis Segment is Projected to Dominate the Data Acquisition System Market, By Application Type, Until 2024
Figure 15 Aerospace, Defense & Government Services Segment is Projected to Dominate the Data Acquisition System Market, By End-User, Until 2024
Figure 16 Data Acquisition Systems Market: Market Dynamics
Figure 17 Data Acquisition System Market, By Component, 2019–2024 (USD Thousand)
Figure 18 Data Acquisition System Market, By Application, 2019–2024 (USD Thousand)
Figure 19 Data Acquisition System Market, By End-User, 2019–2024 (USD Thousand)
Figure 20 Regional Snapshot: North America Market is Expected to Grow at the Fastest CAGR During the Forecast Period
Figure 21 Data Acquisition System Market Share (Value), By Region, 2018
Figure 22 North America: Regional Snapshot
Figure 23 Asia Pacific Snapshot
Figure 24 Key Developments in the Data Acquisition System Market, 2016–2019
Figure 25 Data Acquisition System Market (Global) Competitive Leadership Mapping, 2018
Figure 26 National Instruments LED the DAQ System Market in 2018
Figure 27 National Instruments: Company Snapshot
Figure 28 National Instruments: SWOT Analysis
Figure 29 Keysight Technologies: Company Snapshot
Figure 30 Keysight Technologies: SWOT Analysis
Figure 31 Siemens: Company Snapshot
Figure 32 Schneider Electric: Company Snapshot
Figure 33 Yokogawa: Company Snapshot
Figure 34 Yokogawa: SWOT Analysis
Figure 35 Ametek: Company Snapshot
Figure 36 Ametek: SWOT Analysis
Figure 37 Emerson: Company Snapshot
Figure 38 GE: Company Snapshot
Figure 39 Honeywell: Company Snapshot
Figure 40 Honeywell: SWOT Analysis
Figure 41 Rockwell: Company Snapshot
Figure 42 Omron: Company Snapshot
Figure 43 Teledyne: Company Snapshot
Figure 44 Teledyne Technologies: SWOT Analysis

The study involved three major activities in estimating the current size of the global DAQ system market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as DAQ system end-user associations such in aerospace sector, automotive sector, wireless communication and infrastructure,  industry publications, several newspaper articles, Bloomberg, Factiva, journal to identify and collect information useful for a technical, market-oriented, and commercial study of the DAQ system market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The DAQ system market comprises several stakeholders such as companies related to the industry, consulting companies in the aerospace and defense, automotive, energy, wireless communication, and others, forums, alliances & associations, DAQ system manufacturers, state & national energy authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by the DAQ system expenditure across end-use sectors across global regions, investments by governments, major players across end-use industries and and the advent of high-speed wireless communication and the Internet of Things (IoT). The supply side is characterized by contracts & agreements, new product launches, mergers & acquisitions, and partnerships & collaborations among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Data Acquisition System Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global DAQ system market and its dependent submarkets. These methods were also extensively used to determine the extent of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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. To complete the entire 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 in the DAQ system activities.

Report Objectives

  • To define, describe, segment, and forecast the DAQ system market based on component, application, end-user and region
  • To provide detailed information on the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the DAQ system market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the DAQ system market with respect to the main regions North America, South America, Europe, Asia Pacific, and Middle East & Africa)
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies*
  • To track and analyze competitive developments such as contracts & agreements, investments & expansions, new product developments, and mergers & acquisitions in the DAQ system market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 7123
Published ON
Feb, 2020
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