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 Dynamics

Drivers

Growing Adoption of Industial Automation

Industries around the world are opting for automation solutions to improve operational efficiency and maximize profits. This automation trend is projected to promote sales of data acquisition systems going forward.

Rise in Number of IoT Devices

IoT devices are no longer a novel innovation but are becoming a mainstay in a multitude of applications across several industry verticals. These devices generate heaps of data and data acquisition systems come in handy to manage and store this valuable data.

Restraints

Complex Integration

Integrating a data acquisition system with other systems and technologies could be a very capital-intensive as well as labor-intensive task. The requirement of skilled technicians to handle integration and deployment could slow down data acquisition system market growth in the long run.

Data Privacy

Data acquisition systems can store and even transfer data to multiple sources and are often connected to the internet. This makes data acquisition systems prone to cyberattacks and hacks, which raise concerns regarding data privacy of users. These concerns are slated to impede data acquisition system market development going forward.

Data Acquisition System Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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'

Industries around the world are opting for automation solutions to improve operational efficiency and maximize profits. This automation trend is projected to promote sales of data acquisition systems going forward.

Adoption of 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.

North America is predicted to dominate the global data acquisition system demand outlook across the forecast period. Rapid adoption of advanced technologies, presence of key technology companies, and growing digitization of economies in this region allow North America to maintain its dominance. The United States and Canada are the foremost countries for data acquisition system companies looking to make a mark in the North American region.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Data Acquisition System Market Dynamics

Data Acquisition System Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Data Acquisition System Market?

Who are the key vendors in the Data Acquisition System Market?

What is the key driver of Data Acquisition System Market?

What is the key market trend for Data Acquisition System Market?

Which region accounted for the largest share in Data Acquisition System Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300