Data acquisition systems facilitate real time decision making utilizing its capability to obtain and analyze data on real-time basis. Segments like mobile and cloud-based solutions will witness high growth over the forecast period. There is anticipation that integration of data acquisition systems with cloud and mobile technologies will spur up the demand for these solutions. Companies are now concerned about better solutions to maintain competitive edge while facilitating the users to access the data at any time irrespective of the location. The expectation from end-users to communicate using mobile interface is also gaining traction.
Data Acquisition (DAQ) system is any instrument that is capable of acquiring data from sensors, converting it first into digital form and storing it back to the central location where it can be analysed and processed. The DAQ system comprises I/O subsystems, a host computer and controlling software. Demand for these has been increasing across various industry verticals over the past few years.
A rising demand for advanced wireless applications is projected to drive the market for DAQ software and hardware in near term. The accelerating rate of adoption of the ethernetleading to growing confidence around interoperability and ease of integration and an increased demand for faster internet speed from the end-users are factors driving the growth of the DAQ market. Changing customer and interoperability requirements, the need for faster processing, and improvement in open software standards also augment market demand. However, lack of specialized skills and the security issues restrain the growth of the DAQ market. The cost of implementation is also a primary concern hindering market growth.
The Global Data Acquisition Market has been segmented on the basis of Product Type (Peripheral component interconnect (PCI), LAN Extensions for Instrumentation (LXI)/ Ethernet, VME Extensions for instrumentation (VXI), PCI Extensions for Instrumentation (PXI), Universal Serial Bus (USB), Standalone), Architecture (Hardware, Software, Services), Component (Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), SCADA Communication System), and End-User Industry (Aviation and Defence, Telecom and IT Industry, Chemicals, Power and Energy, Automotive industry, Transportation, Production, Food and beverages, Water and watershed management).
North America commands the largest market share in global Data Acquisition (DAQ) market, the reason being the growing adoption of relevant and related technology. Europe holds the second largest market share followed by Asia Pacific. The major factor for this rapid growth in these regions is increasing awareness among end users and rising demand for advanced wireless applications.
The leading players in the DAQsegment are ABB Ltd., Advantech, Agilent Technologies, Campbell Scientific, Data Translation, Schneider Electric, Honeywell International, Siemens AG, Rockwell Automation, MathWorks, General Electric, Omron, Alstom, Yokogawa Electric Co. and Emerson Electric Co.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage