Global Data Acquisition System Market, By Components (Programmable Logic Controller, Human Machine Interface, Remote Terminal Unit, Others), Offering (Hardware, Software, Services), Products (PXI, Standalone, VXI, LXI/Ethernet, PCI, USB), Lifecycle Application (R&D, Imaging/Ultrasound, Field, Manufacturing, Test and Measurement, Industrial Monitoring), Vertical (Automotive and Transportation, Aerospace and Defense, Energy and Power, Academic and Research, Environmental Monitoring, Food and Beverages, Healthcare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Data Acquisition System Market
Data acquisition system market size is valued at USD 1,424.89 million by 2028 is expected to grow at a compound annual growth rate of 17.54% in the forecast period of 2021 to 2028. Data Bridge Market Research report on data acquisition system provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Data acquisition systems are the combined technological components, software and services united for the purpose of recording, sampling the physical conditions of the environment. These systems are thereby used for conversion of samples in numeric statistics for accurate representation in a visualization system.
The various conditions that the system measures vary significantly with voltage, current, temperature pressure and even sound included in the recordings. The rapid rise in the prevalence of Industry 4.0, Big Data and IoT is expected to influence the growth of data acquisition system market over the forecast period of 2021 to 2028. Moreover, the increased focus on optimization of resources, energy and reduction in the overall cost of production is also anticipated to flourish the growth of the data acquisition system market. Furthermore, growth in requirement from various industries regarding remote monitoring systems for data and its recording is also likely to positively impact the growth of the market. However, the high levels of expenses associated with the shift of technologies from traditional systems to data acquisition are expected to act as the major limitations for the growth of data acquisition system market in the above mentioned forecast period, whereas the increasing prevalence of cyber-attacks and the lack of technically skilled individuals in various industries regarding data acquisitions is estimated to challenge the market’s growth.
Likewise, the various innovations in technology and upgradation of systems associated with data acquisitions is expected to create various new opportunities that will lead to the growth of the data acquisition system market in the above mentioned forecasted period.
This data acquisition system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on data acquisition system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Data Acquisition System Market Scope and Market Size
Data acquisition system market is segmented on the basis of components, offering, products, application and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets..
- On the basis of components, the data acquisition system market is segmented into programmable logic controller, human machine interface, remote terminal unit and others.
- On the basis of offering, the market is segmented into hardware, software and services. The hardware is further segmented into external chassis & module, plug-In analog I/O board. The software is also further segmented into bundled and 3rd party.
- On the basis of products, the data acquisition system market is segmented into PXI, standalone, VXI, LXI/Ethernet, PCI, USB.
- On the basis of application, the market is bifurcated into R&D, imaging/ultrasound, field, manufacturing, test and measurement and industrial monitoring.
- On the basis of vertical, the market is segregated into automotive and transportation, aerospace and defense, energy and power, academic and research, environmental monitoring, food and beverages, healthcare and others.
Data Acquisition System Market Country Level Analysis
Data acquisition system market is analyzed and market size, volume information is provided by country, components, offering, products, application and vertical as referenced above.
The countries covered in the data acquisition system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the data acquisition system market due to the high adoption of cloud computing solutions and the strong presence of numerous vendors. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 due to the high growth of China and India associated with the emergence of regional players.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Data Acquisition System Market Share Analysis
Data acquisition system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to data acquisition system market.
The major players covered in the data acquisition system market report are Yokogawa Test & Measurement Corporation; Schneider Electric; NATIONAL INSTRUMENTS CORP; Keysight Technologies, Emerson Electric Co.; Honeywell International Inc, Advantech Industrial Computing India Pvt. Ltd. ; Siemens; ABB; The MathWorks, Inc.; AMETEK.Inc., GENERAL ElECTRIC, Campbell Scientific, Inc.; Kistler Group; Mitsubishi Electric Corporation, Brüel & Kjær, andTeledyne UK Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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