Global Data Acquisition System Market

Data Acquisition System Market Size, Share, Growth Analysis, By Offering(Hardware (External Chassis & Modules, Plug-In Analog I/O Boards), Software (Bundled, Third-Party)), By Speed(High-Speed (>100 KS/S), Low-Speed (<100 KS/S)), By Application(R&D, Field, Manufacturing), By Vertical(Aerospace & Defense, Energy & Power, Automotive & Transportation, Wireless Communication & Infrastructure), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2206 | Region: Global | Published Date: October, 2024
Pages: 197 | Tables: 120 | Figures: 77

Data Acquisition System Market Regional Insights

North America is predicted to dominate the global data acquisition system demand outlook across the forecast period. Rapid adoption of industrial automation, growing demand for smart manufacturing solutions, and presence of a developed technological infrastructure are expected to aid the dominance of this region. The United States and Canada are the leading countries for data acquisition system providers looking to make a mark in the North American region. Surging investments in the aerospace and defense industry are also expected to help boost the demand for data acquisition systems in this region through 2031 and beyond.  

The Asia Pacific region is slated to emerge as the fastest-growing regional market for data acquisition system providers in the world. Growing use of advanced technologies, rising data generation volumes, and adoption of data-driven decision-making are key factors promoting the sales of data acquisition system in this region. The emphasis on improving industrial output in this region is also promoting the use of automation solutions thereby also boosting data acquisition system demand outlook as well. China, India, and Japan are estimated to emerge as the top markets for data acquisition system companies operating the Asia Pacific region over the coming years.

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FAQs

Global Data Acquisition System Market size was valued at USD 1.96 billion in 2022 and is poised to grow from USD 2.07 billion in 2023 to USD 3.21 billion by 2031, growing at a CAGR of 5.63% during the forecast period (2024-2031).

Data acquisition system providers should focus on creating simple yet effective products to boost their sales and revenue generation potential in the future. Data acquisition system companies can also collaborate and partner with automation providers to maximize their business scope and develop application specific solutions. Mergers and acquisitions are slated to remain popular strategies for companies looking to expand their global market presence and share.   'Keysight Technologies ', 'Spectris ', 'Siemens AG ', 'Adlink Technology ', 'Ametek ', 'Dewesoft ', 'Teledyne Technologies ', 'Yokogawa Electric ', 'Astronova ', 'Campbell Scientific ', 'Curtiss-Wright ', 'Dewetron ', 'Data Forth ', 'Emerson Electric ', 'Gantner Instruments ', 'General Electric ', 'Graphtec ', 'Hioki ', 'Honeywell ', 'IMC Test & Measurement ', 'Kistler ', 'MTS Systems ', 'Rockwell Automation ', 'Schneider Electric ', 'Sefram Instruments'

Integration of Artificial Intelligence and Machine Learning: data acquisition system providers can leverage advanced technologies such as artificial intelligence and machine learning to improve decision-making abilities of the systems and minimize human errors. Companies can utilize other advanced technologies to automate their data acquisition process and maximize profits.  Predictive analysis and anomaly detection can also be provided through these technologies. 

North America is predicted to dominate the global data acquisition system demand outlook across the forecast period. Rapid adoption of industrial automation, growing demand for smart manufacturing solutions, and presence of a developed technological infrastructure are expected to aid the dominance of this region. The United States and Canada are the leading countries for data acquisition system providers looking to make a mark in the North American region. Surging investments in the aerospace and defense industry are also expected to help boost the demand for data acquisition systems in this region through 2031 and beyond.  

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Global Data Acquisition System Market

Report ID: SQMIG45I2206

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