Data Acquisition System Market

Data Acquisition System Market by Offering (Hardware, Software), Lifecycle Application (R&D, Field, Manufacturing), Vertical (Automotive & Transporation, Aerospace & Defense, Energy & Power, Environmental Monitoring, Food & Beverages), Region - Global Forecast to 2024

Report Code: SE 7123 May, 2019, by marketsandmarkets.com

[155 Pages Report] The data acquisition system market is expected to grow from USD 1.8 billion in 2019 to USD 2.2 billion by 2024, at a CAGR of 5.0%. Major factors driving the data acquisition system market include Factors contributing to the growth of this market include the rise of new digital industrial technology—Industry 4.0; the increased emphasis on energy efficiency, resource optimization, and reduction in production cost and lead time; and the ability of data acquisition system to support an array of higher level fieldbus and ethernet communication protocols.

Data Acquisition System Market

The hardware market for data acquisition system is expected to continue hold the largest share during the forecast period

The hardware market is expected to hold the largest market share during the forecast period. Data acquisition hardware is widely used because of it modular designs, and various combinations can be arranged to satisfy a wide range of customized experimental setups with the help of data acquisition hardware. These are mainly classified into 2 segments: external chassis and module, and plug-in analog I/O board.

The market for automotive & transportation vertical is expected to witness highest growth from 2019 to 2024

The data acquisition system market for automotive & transportation is expected to grow at the highest CAGR during the forecast period. The growth of semiconductor IP in the automotive sector is due to the test process involved in the automotive industry which consists of a set of test solutions that are very articulated within the production line. During testing data, acquisition software is used to intelligently standardize, analyze, and report a large amount of data. Autonomous driving, connectivity, and electric mobility are all aspects that are expected to drive the demand for DAQ systems in the automotive industry during the forecast period.

APAC is likely to witness highest growth during the forecast period

APAC is expected to continue lead the DAQ system market and also expected to be the fastest growing region. This is mainly attributed due to the increase in the number of manufacturing plants in various sectors such as automotive, textiles, power, and pharmaceuticals. China, Japan, South Korea, and India offer some of the prolific automotive equipment manufacturers in APAC. Therefore, there is a continuous demand for the DAQ system market in APAC.

Data Acquisition System Market

Asia Pacific holds the largest share in the data acquisition system market in 2019

The data acquisition system market in APAC is expected to grow at the highest CAGR during the forecast period. The increasing number of automation activities in automotive and transportation is one of the major factors driving the growth of the data acquisition system market in APAC. In addition, growing manufacturing sector in China, Japan, and South Korea is expected to contribute to the growth of the data acquisition system market in this region during the forecast period. China is a global manufacturing hub for automotive manufacturers. Rapidly growing automotive industry in China is likely to create growth opportunities for the data acquisition system market players in this country. With the growing automotive and manufacturing industries, China witnessed a significant increase in the adoption of data acquisition system in the last couple of years.

Key Market Players

Key players in the data acquisition ecosystem include National Instruments (Texas), Keysight Technologies (US), Siemens (Germany), HBM (Germany), Yokogawa Electric (Japan), ABB Ltd (Switzerland), Honeywell International (US), Rockwell Automation (US), AMETEK Inc (US), Emerson Electric (US), and Omron Corporation (Japan).

National Instruments (Austin, Texas)

NI hardware and software leverages commercially available technologies whenever possible to deliver performance and cost benefits to customers NI has been on the leading edge of technologies like graphical software, modular hardware standards, and Field Programmable Gate Arrays (“FPGAs”). NI hardware and software leverages commercially available technology whenever possible to deliver performance and cost benefits to the customers. The company focuses on research and development efforts on enhancing existing products and developing new products that incorporate appropriate features and functionality to be competitive with respect to technology and price/performance characteristics.

Keysight Technologies (Santa Rosa, CA)

Keysight, a spin-off from Agilent Technologies, is one of the leading companies in data acquisition system market. The company is one of key players in wireless DAQ and backed by huge expertise to engineer such products and services. It mainly focuses on manufacturing innovative products by carrying out extensive research & development (R&D) activities to maintain its market position and gain a competitive advantage. The company has a strong expertise in developing DAQ device and continuous innovation supported by 13 R&D centers, globally, which helps the company to meet the ever-changing requirement of the customers.

Siemens AG (Germany)

Siemens AG offers a comprehensive product portfolio in data acquisition systems that enable customers to optimize entire value chains from product design and development to production and services. With its advanced software solutions in particular, the company supports manufacturing companies with their transformation towards the digitization resulting in increased flexibility and efficiency of production processes and reduced time to market for new products.

Recent Developments

  • In November 2018 National Instruments (NI) launched LabVIEW NXG, demonstrating continued investment in the next generation of LabVIEW engineering system design software which simplifies the most time-consuming tasks in automated test and automated measurement applications, from setting up and configuring systems to developing test and measurement code and creating web-ready applications.
  • In November 2018, Keysight launched DAQ970A data acquisition system (DAQ) to speed test development times with rapid measurement and scan rates, expanded measurement types and ranges, as well as simple test sequence automation. It provides test engineers with the widest range of measurement types and ranges, fast scan rates and simplified test automation.
  • In November 2018, Siemens included the Simatic IPC127E and expanded its product portfolio of Simatic industrial.  Based on Windows or Linux, the Simatic IPC127E makes it possible to network existing systems with machinery of different manufacturers and different technological versions.  

Key Questions addressed by the report

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry verticals for data acquisition systems?
  • What are the drivers, challenges and restraints impacting data acquisition systems market?
  • Which data acquisition systems hardware & software is expected to be used widely in the mid to long term?
  • Which region is expected to have significant demand for data acquisition systems?

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

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Years Considered
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Data
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Breakdown of Primaries
                    2.1.3.2 Key Data From Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Growth Opportunities in DAQ System Market
    4.2 DAQ System Market, By Vertical (USD Million)
    4.3 DAQ System Market, By Offering (USD Million)
    4.4 DAQ System Market, By Application
    4.5 DAQ System Market in APAC, By Lifecycle Application and Country

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increased Emphasis on Energy Efficiency, Resource Optimization, and Cost of Production
                    5.2.1.2 Rise of Big Data, IoT, and Industrial Revolution 4.0
                    5.2.1.3 Technological Advancement in Data Acquisition System.
           5.2.2 Restraints
                    5.2.2.1 Mature Market in North America and Europe
           5.2.3 Opportunities
                    5.2.3.1 The Growing Focus on DAQ Software for Data Analysis
                    5.2.3.2 Growth of Wireless Data Acquisition System
           5.2.4 Challenges
                    5.2.4.1 Need of High Computational Power
    5.3 Value Chain Analysis

6 Data Acquisition System Market, By Offering (Page No. - 42)
    6.1 Introduction
    6.2 Hardware
           6.2.1 External Chassis and Modules
                    6.2.1.1 External Chassis has Standardized Modular Architectures Which are Mechanically Robust, Easy to Configure, and Provide for A Variety of Measurement and Control Functions
           6.2.2 Plug-In Analog I/O Board
                    6.2.2.1 Plug-In Analog I/O Boards Offer A Great Deal of Software Compatibility, Virtually Eliminating the Need to Write Drivers Or Special Software to Interface Them to A System
    6.3 Software
           6.3.1 Bundled
                    6.3.1.1 Bundled Software is Integrated With Oem Devices
           6.3.2 3rd Party
                    6.3.2.1 Demand for 3rd-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 Services
           6.4.1 Data Acquisition Services Help Reduce In-House Development Cost

7 Data Acquisition System Market, By Lifecyle Application (Page No. - 52)
    7.1 Introduction
    7.2 R&D
           7.2.1 Data Acquisition Software Helps Reduce the Need for Extra Steps and Enable Immediate Feedback
    7.3 Field
           7.3.1 Competitive Pressure is Forcing Engineers to Quickly Perform Product Development
    7.4 Manufacturing
           7.4.1 Manufacturing is Expected to Increase Faster Than the Other Application Sectors Which is Like to Grow the Demand for Data Acquisition

8 Data Acquisition System Market, By Vertical (Page No. - 58)
    8.1 Introduction
    8.2 Automotive & Transportation
           8.2.1 Autonomous Driving, Connectivity, and Electric Mobility are All Aspects That are Expected to Drive the Demand for Data Acquisition Systems in Automotive Industry During the Forecast Period
    8.3 Aerospace & Defense
           8.3.1 in Aerospace Data Acquisition Systems are Used for Carrying Out Flight Experiments
    8.4 Energy & Power
           8.4.1 Data Acquisition Plays A Crucial Role in Maintaining Operational Safety and Efficiency of Power Plants.
    8.5 Academic and Research
           8.5.1 Data Acquisition Systems Increase Productivity and Provide Accuracy and Flexibility
    8.6 Environmental Monitoring
           8.6.1 Data Acquisition Systems in Environmental Monitoring Helps to Reduce Man-Hours and Avoid Transcription Errors
    8.7 Food & Beverages
           8.7.1 Data Acquisition Systems Helps Digital Recording of Data at Its Best in the Food and Beverage Processes
    8.8 Healthcare
           8.8.1 Use of Data Acquisition Systems Helps to Provide Better Predictive Analytics
    8.9 Others
           8.9.1 Data Acquisition System is Used in the Chemicals Industry for Displaying Information in A Control Room

9 Geographic Analysis (Page No. - 75)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 With the Increasing Demand for Security of DAQ Systems, There is an Increase in Satellite-Based Communications
           9.2.2 Canada
                    9.2.2.1 Canada Uses DAQ System for Various Applications
           9.2.3 Mexico
                    9.2.3.1 Humongous Investments and Advancements in Technology are Driving the Growth of Data Acquisition Systems in Mexico
    9.3 Europe
           9.3.1 UK
                    9.3.1.1 The Industrial Automation Market in the UK is Expected to Grow During the Forecast Period
           9.3.2 Germany
                    9.3.2.1 Focus on Robust and Competitive Data Logging is Driving the Market for DAQ Systems in German Automotive Industry
           9.3.3 France
                    9.3.3.1 France’s Booming Aerospace Sector Creates Demand for Data Acquisition Systems
           9.3.4 Rest of Europe
                    9.3.4.1 The Companies in These Countries are Continuously Focusing on New Technological Developments to Develop Highly Efficient DAQ System With Better Accuracy
    9.4 APAC
           9.4.1 China
                    9.4.1.1 Digital Relays and Substation Automation are Widely Used in China
           9.4.2 Japan
                    9.4.2.1 Automated Meteorological Data Acquisition System Used for Gathering Regional Weather Data
           9.4.3 India
                    9.4.3.1 India to Launch Ocean Pollution Water System
           9.4.4 South Korea
                    9.4.4.1 Hydro Intelligent Toolkit for Minimizing the Flood Damages
           9.4.5 Rest of APAC
                    9.4.5.1 Smart Manufacturing Initiatives are Taking Place in Thailand, Vietnam, Singapore, and Indonesia
    9.5 RoW
           9.5.1 Middle East and Africa (MEA)
                    9.5.1.1 to Reduce Risk, Cost, and Downtime, Industrial Plants are Always Tend to Replace the DAQ System
           9.5.2 South America
                    9.5.2.1 Brazil is A Major Player Within Aerospace and Defense, Mainly Due to Aircraft Production

10 Competitive Landscape (Page No. - 96)
     10.1 Overview
     10.2 Market Rank Analysis
     10.3 Competitive Situations and Trends
             10.3.1 Product Launch
             10.3.2 Mergers & Acquisition
             10.3.3 Others
     10.4 Competitive Leadership Mapping
             10.4.1 Visionary Leaders
             10.4.2 Dynamic Differentiators
             10.4.3 Innovators
             10.4.4 Emerging Companies
     10.5 Business Strategy Excellence (For All 25 Players)
     10.6 Product Offering (For All 25 Players)

11 Company Profiles (Page No. - 104)
     11.1 Key Players
             11.1.1 National Instruments
                        11.1.1.1 Business Overview
                        11.1.1.2 Products Offered
                        11.1.1.3 Recent Developments
                        11.1.1.4 SWOT Analysis
                        11.1.1.5 MnM View
             11.1.2 Keysight Technologies
                        11.1.2.1 Business Overview
                        11.1.2.2 Products Offered
                        11.1.2.3 Recent Developments
                        11.1.2.4 SWOT Analysis
                        11.1.2.5 MnM View
             11.1.3 Siemens AG
                        11.1.3.1 Business Overview
                        11.1.3.2 Products Offered
                        11.1.3.3 Recent Developments
                        11.1.3.4 SWOT Analysis
                        11.1.3.5 MnM View
             11.1.4 HBM
                        11.1.4.1 Business Overview
                        11.1.4.2 Products Offered
                        11.1.4.3 Recent Developments
                        11.1.4.4 SWOT Analysis
                        11.1.4.5 MnM View
             11.1.5 Yokogawa Electric Co.
                        11.1.5.1 Business Overview
                        11.1.5.2 Products Offered
                        11.1.5.3 Recent Developments
                        11.1.5.4 SWOT Analysis
                        11.1.5.5 MnM View
             11.1.6 Ametek
                        11.1.6.1 Business Overview
                        11.1.6.2 Products Offered
                        11.1.6.3 Recent Developments
                        11.1.6.4 MnM View
             11.1.7 ABB Ltd
                        11.1.7.1 Business Overview
                        11.1.7.2 Products Offered
                        11.1.7.3 Recent Developments
                        11.1.7.4 MnM View
             11.1.8 Bruel & Kjaer Sound & Vibration
                        11.1.8.1 Business Overview
                        11.1.8.2 Products Offered
                        11.1.8.3 Recent Developments
                        11.1.8.4 MnM View
             11.1.9 Emerson Electric Co.
                        11.1.9.1 Business Overview
                        11.1.9.2 Products Offered
                        11.1.9.3 Recent Developments
                        11.1.9.4 MnM View
             11.1.10 Genral Electric Co.
                        11.1.10.1 Business Overview
                        11.1.10.2 Products Offered
                        11.1.10.3 Recent Developments
                        11.1.10.4 MnM View
             11.1.11 Honeywell International
                        11.1.11.1 Business Overview
                        11.1.11.2 Products Offered
                        11.1.11.3 Recent Developments
                        11.1.11.4 MnM View
             11.1.12 Rockwell Automation
                        11.1.12.1 Business Overview
                        11.1.12.2 Products Offered
                        11.1.12.3 Recent Developments
                        11.1.12.4 MnM View
             11.1.13 Omron Corporation
                        11.1.13.1 Business Overview
                        11.1.13.2 Products Offered
                        11.1.13.3 Recent Developments
                        11.1.13.4 MnM View
     11.2 Other Companies
             11.2.1 Mathworks
             11.2.2 Agilent Technologies Inc
             11.2.3 Campbell Scientific
             11.2.4 Data Translation, Inc
             11.2.5 Teledyne Technologies Inc

12 Appendix (Page No. - 149)
     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 (74 Tables)

Table 1 DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 2 DAQ System Hardware Market, By Device Type,2015–2024 (USD Million)
Table 3 DAQ System Hardware Market, By Region,2015–2024 (USD Million)
Table 4 DAQ System Hardware Market, By Vertical,2015–2024 (USD Million)
Table 5 DAQ System Hardware Market, By Lifecycle Application, 2015–2024 (USD Million)
Table 6 DAQ System External Chassis and Module Market,By Region, 2015–2024 (USD Million)
Table 7 DAQ System Plug-In Analog I/O Board Market, By Region, 2015–2024 (USD Million)
Table 8 DAQ System Software Market, By Type, 2015–2024 (USD Million)
Table 9 DAQ System Software Market, By Region, 2015–2024 (USD Million)
Table 10 DAQ System Software Market, By Lifecyle Application,2015–2024 (USD Million)
Table 11 DAQ System Software Market, By Vertical,2015–2024 (USD Million)
Table 12 DAQ System Bundled Software Market, By Region,2015–2024 (USD Million)
Table 13 3rd Party Software Market for DAQ System, By Region, 2015–2024 (USD Million)
Table 14 DAQ System Market, By Lifecycle Application, 2015–2024 (USD Million)
Table 15 DAQ System Market for R&D, By Region, 2015–2024 (USD Million)
Table 16 DAQ System Market for R&D, By Offering, 2015–2024 (USD Million)
Table 17 DAQ System Market for Field, By Region, 2015–2024 (USD Million)
Table 18 DAQ System Market for Field, By Offering, 2015–2024 (USD Million)
Table 19 DAQ System Market for Manufacturing, By Region, 2015–2024 (USD Million)
Table 20 DAQ System Market for Manufacturing, By Offering, 2015–2024 (USD Million)
Table 21 DAQ System Market, By Vertical, 2015–2024 (USD Million)
Table 22 Automotive and Transportation DAQ System Market, By Region, 2015–2024 (USD Million)
Table 23 Automotive and Transportation DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 24 Automotive and Transportation DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 25 Aerospace and Defence DAQ System Market, By Region, 2015–2024 (USD Million)
Table 26 Aerospace and Defence DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 27 Aerospace and Defence DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 28 Energy & Power DAQ System Market, By Region, 2015–2024 (USD Million)
Table 29 Energy & Power DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 30 Energy & Power DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 31 Academic and Research DAQ System Market, By Region, 2015–2024 (USD Million)
Table 32 Academic and Research DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 33 Academic and Research DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 34 Environmental Monitoring DAQ System Market, By Region, 2015–2024 (USD Million)
Table 35 Environmental Monitoring DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 36 Environmental Monitoring DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 37 Food & Beverages DAQ System Market, By Region, 2015–2024 (USD Million)
Table 38 Food & Beverages DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 39 Food & Beverages DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 40 Healthcare DAQ System Market, By Region, 2015–2024 (USD Million)
Table 41 Healthcare DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 42 Healthcare DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 43 Others DAQ System Market, By Region, 2015–2024 (USD Million)
Table 44 Others DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 45 Others DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 46 DAQ System Market, By Region, 2015–2024 (USD Million)
Table 47 North America DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 48 DAQ System Hardware Market, By Device Type, 2015–2024 (USD Million)
Table 49 North America DAQ System Software Market, By Type, 2015–2024 (USD Million)
Table 50 North America DAQ System Market, By Lifecycle Application, 2015–2024 (USD Million)
Table 51 North America DAQ System Market, By Vertical, 2015–2024 (USD Million)
Table 52 North America DAQ System Market, By Country, 2015–2024 (USD Million)
Table 53 Europe DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 54 Europe DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 55 Europe DAQ System Market, By Type, 2015–2024 (USD Million)
Table 56 Europe DAQ System Market, By Lifecycle Application, 2015–2024 (USD Million)
Table 57 Europe DAQ System Market, By Vertical, 2015–2024 (USD Million)
Table 58 Europe DAQ System Market, By Country, 2015–2024 (USD Million)
Table 59 APAC DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 60 APAC DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 61 APAC DAQ System Market, By Type, 2015–2024 (USD Million)
Table 62 APAC DAQ System Market, By Lifecycle Application, 2015–2024 (USD Million)
Table 63 APAC DAQ System Market, By Vertical, 2015–2024 (USD Million)
Table 64 APAC DAQ System Market, By Country, 2015–2024 (USD Million)
Table 65 RoW DAQ System Market, By Offering, 2015–2024 (USD Million)
Table 66 RoW DAQ System Market, By Device Type, 2015–2024 (USD Million)
Table 67 RoW DAQ System Market, By Type, 2015–2024 (USD Million)
Table 68 RoW DAQ System Market, By Lifecycle Application, 2015–2024, (USD Million)
Table 69 RoW DAQ System Market, By Vertical, 2015–2024, (USD Million)
Table 70 RoW DAQ System Market, By Region, 2015–2024 (USD Million)
Table 71 Major DAQ System Manufacturers
Table 72 Product Launch (Top 10 Product Launch, 2015–2018)
Table 73 Mergers & Acquisition (2015–2018)
Table 74 Partnerships, Agreements, Contracts and Others (2015–2018)


List of Figures (48 Figures)

Figure 1 Data Acquisition System Market Segmentation
Figure 2 Data Acquisition System Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 DAQ System Market Size, 2015–2024 (USD Million)
Figure 8 External Chassis and Module Devices to Hold Larger Share of DAQ Hardware Market By 2024
Figure 9 Automotive & Transportaion Devices to Hold Larger Share of DAQ Hardware Market During Forecast Period
Figure 10 APAC Accounted for Largest Share of DAQ System Market in 2018
Figure 11 DAQ System Market in APAC to Grow at A Highest CAGR From 2018 to 2024
Figure 12 Automotive & Transportation to Hold Largest Size of DAQ Master Market During Forecast Period
Figure 13 Hardware Market to Hold Largest Size of DAQ System Market During Forecast Period
Figure 14 R&D Application to Hold Largest Share of DAQ System Market in 2018 and 2024
Figure 15 R&D Lifecycle Application to Hold Largest Share of DAQ System Market in APAC in 2018
Figure 16 Market Dynamics of Data Acquisition System Market
Figure 17 Business Benefit for Driving Near Term Adoption of Industrial Internet of Things
Figure 18 Likely Risk for Adopting Industrial Internet of Things (IIoT)
Figure 19 Value Chain Analysis: Major Value Added During Original Equipment Manufacturing Phase
Figure 20 DAQ System Market, By Offering
Figure 21 DAQ System Hardware to Hold Largest Size of DAQ System Market By 2024
Figure 22 DAQ System Market, By Lifecycle Application
Figure 23 R&D Application to Hold Largest Size of DAQ System Market By 2024
Figure 24 DAQ System Market, By Vertical
Figure 25 Automotive & Transportation to Hold Largest Size of DAQ Ssytem Market By 2024
Figure 26 Automotive and Transportation DAQ System Market, By Offering, 2018 vs 2024 (USD Million)
Figure 27 Energy & Power DAQ System Market, By Offering, 2018 vs 2024 (USD Million)
Figure 28 DAQ System Market for Environmental Monitoring, By Region, 2018 vs 2024 (USD Million)
Figure 29 Food & Beverages DAQ System Market, By Region, 2018 vs 2024 (USD Million)
Figure 30 Healthcare DAQ System Market, By Device Type, 2018 vs 2024(USD Million)
Figure 31 Geographic Snapshot (2019–2024): DAQ System Market to Witness Significant Growth in APAC Countries Such as China During Forecast Period
Figure 32 North America: DAQ System Market Snapshot
Figure 33 Europe: DAQ System Market Snapshot
Figure 34 APAC: DAQ System Market Snapshot
Figure 35 RoW: DAQ System Market Snapshot
Figure 36 Companies in DAQ System Market Adopted Merger, Acquisition, and Partnership as Key Growth Strategy From 2015 to 2018
Figure 37 Data Acquisition System Market (Global) Competitive Leadership Mapping, 2018
Figure 38 National Instruments: Company Snapshot
Figure 39 Keysight Technologies: Company Snapshot
Figure 40 Siemens AG: Company Snapshot
Figure 41 Yokogawa Electric Co.: Company Snapshot
Figure 42 Ametek: Company Snapshot
Figure 43 ABB Ltd: Company Snapshot
Figure 44 Emerson Electric: Company Snapshot
Figure 45 Genral Electric Co: Company Snapshot
Figure 46 Honeywell International: Company Snapshot
Figure 47 Rockwell Automation: Company Snapshot
Figure 48 Omron Corporation: Company Snapshot

The study involves 4 major activities to estimate the current market size for DAQ systems. Exhaustive secondary research was done to collect information about market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing, with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to, so as to identify and collect information for this study. The other secondary sources used during the study included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The DAQ system market comprises stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of Industrial IoT, automation systems, and industrial monitoring and control. The supply side is characterized by advancements in technology and diverse use cases. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents—

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 were used to estimate and validate the total size of the DAQ system market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets have been identified through extensive 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 through the estimation process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the global DAQ system market, in terms of value, segmented on the basis of design IP, IP source, vertical, and geography.
  • To forecast the market size for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
  • To provide a detailed overview of the value chain in the DAQ system market
  • To strategically analyze the micromarkets with respect to the individual growth trends, prospects, and contribution to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the global DAQ system market
  • To strategically profile key players, comprehensively analyze their market ranking and core competencies, and detailed competitive leadership mapping for market leaders
  • To analyze competitive developments such as contracts, mergers and acquisitions, product launches, and research and development (R&D) in the overall access control market

Scope of the report

Report Metric

Details

Market size available for years

2015 – 2024

Base year considered

2018

Forecast period

2019 – 2024

Forecast units

Value (USD billion/million) Volume (million/billion units)

Segments Covered

DAQ offering, Lifecycle applications, Vertical and Region

Geographies Covered

North America, Asia Pacific, Europe and Rest of the World

Companies Covered

National Instruments (Texas), Keysight Technologies (US), Siemens (Germany), HBM (Germany), Yokogawa Electric (Japan), ABB Ltd (Switzerland), Honeywell International (US), Rockwell Automation (US), AMETEK Inc (US), Emerson Electric (US).
Total 20 ecosystem players covered.

This research report categorizes the DAQ system market based on design, source, verticals and region.

On the basis of offering, the DAQ system market has been segmented as follows:

  • Hardware
  • External Chassis and Module
  • Plug-in Analog I/O board
  • Software
  • Bundled
  • 3rd Party

On the basis of Lifecycle application, the DAQ system market has been segmented as follows:

  • R&D
  • Field
  • Manufacturing

On the basis of vertical, the DAQ system market has been segmented as follows:

  • Automotive & Transportation
  • Aerospace & Defense
  • Energy & Power
  • Academic and Research
  • Environmental Monitoring
  • Healthcare
  • Food & Beverages
  • Others (Chemicals, electrical and electronics, water and wastewater)

On the basis of region, the DAQ system market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Regional Analysis

  • Further breakdown of the regions into countries by product
  • Further breakdown of the regions into countries by vertical
Report Code
SE 7123
Published ON
May, 2019
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