Global Data Acquisition System Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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Data Acquisition System Market Analysis

The data acquisition system (DAS) market is seeing rapid technological advancements, driven by the increasing demand for high-speed data acquisition and analysis in industries such as automotive, aerospace, and healthcare. The latest methods involve integrating artificial intelligence (AI) and machine learning (ML) to process large data sets in real-time, improving the efficiency of testing and measurements. Wireless technology advancements have enabled remote and flexible data collection, eliminating the need for wired connections and enhancing operational efficiency.

The usage of cloud-based DAS platforms is also growing, allowing businesses to store, analyze, and access data remotely, contributing to operational flexibility. This is particularly significant for industries requiring continuous monitoring, such as manufacturing and energy sectors.

In terms of growth, these advancements are driving increased adoption of DAS systems across multiple sectors. The rise of Industry 4.0, smart factories, and the Internet of Things (IoT) is expected to further propel market expansion. With industries striving for better data insights and precision, the DAS market is poised for significant growth in the coming years.

Data Acquisition System Market Size

The global data acquisition system market size was valued at USD 635.12 million in 2023 and is projected to reach USD 2,313.87 million by 2031, with a CAGR of 17.54% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Data Acquisition System Market Trends

“Integration of IoT and Wireless Technologies”

A key trend driving the growth of the data acquisition system (DAQ) market is the integration of IoT and wireless technologies. As industries increasingly adopt IoT solutions for automation and real-time monitoring, the need for advanced DAQ systems to process large volumes of data is rising. Wireless DAQ systems are becoming popular due to their ability to provide seamless, remote data collection in industrial settings, reducing wiring complexities and enhancing flexibility. For instance, in the automotive industry, wireless DAQ systems are being used in vehicle testing to capture dynamic data without the restrictions of wired setups, boosting market demand.

Report Scope and Data Acquisition System Market Segmentation    

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Data Acquisition System Market Definition

A Data Acquisition System (DAS) is a system used to collect, measure, and analyze data from various sensors or input devices. It converts physical parameters such as temperature, pressure, or voltage into digital data that can be processed by a computer. The system typically consists of sensors, signal conditioning hardware, analog-to-digital converters (ADCs), and software to monitor and store the information. DAS is widely used in fields such as industrial automation, research, and engineering to enhance precision, streamline processes, and provide real-time monitoring, leading to better decision-making and system optimization.

Data Acquisition System Market Dynamics

Drivers

• Growth of Electric Vehicles

The rapid expansion of the electric vehicle (EV) industry is significantly driving the data acquisition system (DAQ) market. DAQ systems play a crucial role in gathering performance data from key EV components such as batteries, electric motors, and power electronics. This data is vital for monitoring efficiency, detecting faults, and optimizing performance. For instance, In June 2023, ABB introduced innovative technology solutions to facilitate the transition to clean energy and support electric vehicle (EV) adoption. Acknowledging the pressing issue of climate change, ABB committed to developing sustainable solutions that significantly reduce greenhouse gas emissions. Their initiatives focus on enhancing energy efficiency and promoting environmentally friendly practices, demonstrating their dedication to creating a sustainable future for the energy sector.

• Expansion in Aerospace and Defense

The aerospace and defense sectors are significantly boosting the demand for data acquisition (DAQ) systems due to their critical need for precise data collection during testing and operations. DAQ systems help monitor various parameters such as temperature, pressure, and vibration in real-time, ensuring optimal performance and safety in aircraft and defense equipment. For instance, during the development of next-generation military aircraft, advanced DAQ solutions are utilized for rigorous testing to meet stringent performance standards. This demand is further fueled by the increasing focus on enhancing operational efficiency and safety in the aerospace and defense industries, driving substantial growth in the DAQ market.

Opportunities

• Renewable Energy Sector Expansion

The expansion of renewable energy, particularly in wind and solar power, presents a significant opportunity for the data acquisition system (DAQ) market. As these energy sources require precise real-time monitoring to ensure optimal performance and efficiency, DAQ systems become essential tools. For instance, in March 2023, Emerson undertook a comprehensive initiative to track and benchmark energy usage across over 200 major energy-consuming facilities and more than 500 offices globally. This strategic approach allowed Emerson to gain valuable insights into energy consumption patterns, enabling them to implement targeted strategies aimed at enhancing energy efficiency and sustainability. Their efforts contribute to a broader commitment to responsible energy management across their global operations.

• Rising Need for Data Analytics

As businesses increasingly adopt data-driven decision-making, the demand for data acquisition (DAQ) systems is growing. DAQ systems enable the collection of vast amounts of real-time data, which can be analyzed to optimize processes, improve productivity, and enhance decision-making. For instance, In June 2022, Advantech launched the iDAQ series, a comprehensive range of modular data acquisition (DAQ) modules designed to enhance data collection and analysis capabilities. The series includes the iDAQ-900 chassis, along with the iDAQ-700 and iDAQ-800 modules, which offer flexibility and scalability for various applications. This launch represents Advantech's commitment to providing advanced solutions that meet the evolving needs of industries requiring efficient and reliable data acquisition.

Restraints/Challenges

• Lack of Skilled Personnel

Lack of skilled personnel is a significant challenge in the data acquisition system market. The successful implementation and management of these systems demand specialized knowledge in areas such as software, hardware integration, and data analysis. However, there is a noticeable shortage of trained professionals equipped to handle these complex tasks. This gap leads to operational inefficiencies, increased error rates, and longer implementation times, ultimately hindering the effectiveness of data acquisition systems. As a result, organizations may struggle to fully utilize these technologies, limiting overall market growth and preventing the realization of the systems' potential benefits in various applications.

• Complexity of Integration

The complexity of integrating new data acquisition systems with existing infrastructure is a significant challenge for the market. Organizations often face compatibility issues with legacy systems, which can lead to increased downtime and operational disruptions during the integration process. This complexity not only requires substantial time and resources but also heightens the risk of errors, further complicating implementation efforts. Additionally, the potential for unexpected costs associated with retrofitting or upgrading legacy systems can deter organizations from investing in new data acquisition solutions. As a result, these integration challenges can significantly hinder market growth by limiting the willingness of companies to adopt advanced data acquisition technologies.

This 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 the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Data Acquisition System Market Scope

The market is segmented on the basis of components, offering, products, application and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Components

• Programmable Logic Controller
• Human Machine Interface
• Remote Terminal Unit
• Others

 Offering

• Hardware
  • External Chassis and Modules
  • Plug-in I/O Analog Boards
• Software
  • Bundled
  • 3rd Party
• Services

 Products

• PXI
• Standalone
• VXI
• LXI/Ethernet
• PCI
• USB

 Lifecycle Application

• Research and Development
• Imaging/Ultrasound
• Field
• Manufacturing
• Test and Measurement
• Industrial Monitoring

 Speed

• High-speed (>100 KS/S)
• Low-speed (<100 KS/S)

 Channel

• Less than 32
• 32-128
• Greater than 128

 Vertical

• Automotive and Transportation
• Aerospace and Defense
• Energy and Power
• Academic and Research
• Environmental Monitoring
• Food and Beverages
• Healthcare
• Others

Data Acquisition System Market Regional Analysis

The market is analyzed and market size insights and trends are provided by components, offering, products, application and vertical as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the data acquisition system market due to the high adoption of cloud computing solutions and the strong presence of numerous vendors. The region's technological advancements and investment in research and development further drive market growth. Additionally, industries such as healthcare, manufacturing, and automotive are increasingly implementing data acquisition systems to enhance operational efficiency and decision-making processes.

Asia-Pacific is expected to expand at a significant growth rate in the data acquisition system market due to the rapid technological advancements and increasing demand from various industries. The high growth rates of China and India, coupled with the emergence of regional players, are driving innovation and investment in the sector. This trend is expected to enhance the competitive landscape and improve market dynamics throughout the forecast period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as 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.

Data Acquisition System Market Share

The 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, global presence, production sites and facilities, production capacities, 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 market.

Data Acquisition System Market Leaders Operating in the Market Are:

• Yokogawa Test & Measurement Corporation (Japan)
• Schneider Electric (France)
• National Instruments Corp (U.S.)
• Keysight Technologies (U.S.)
• Emerson Electric Co. (U.S.)
• Honeywell International Inc. (U.S.)
• Advantech Industrial Computing India Pvt. Ltd. (India)
• Siemens (Germany)
• ABB (Switzerland)
• The MathWorks, Inc. (U.S.)
• AMETEK, Inc. (U.S.)
• General Electric (GE) (U.S.)
• Campbell Scientific, Inc. (U.S.)
• Kistler Group (Switzerland)
• Mitsubishi Electric Corporation (Japan)
• Brüel & Kjær (Denmark)
• Teledyne UK Limited (U.K.)

Latest Developments in Data Acquisition System Market

• In June 2023, Keysight Technologies facilitated a significant agreement between 6G-SANDBOX and the European Space Agency to advance research in non-terrestrial networks. Recognizing the crucial role these networks will play in the evolution of future wireless communication systems, Keysight acted as a catalyst for collaboration between these influential organizations. This partnership aims to drive innovation in communication technologies, enhancing connectivity and expanding the potential of wireless systems
• In December 2021, ABB India partnered with the Indore Smart City Development project to implement advanced digital technologies for ensuring continuous electricity supply to homes and businesses. The project utilizes ABB's Compact Secondary Substations (CSS), which enhance reliability and reduce downtime. By integrating digitally-enabled supervisory control and data acquisition (SCADA) solutions, ABB aims to deliver a stable power supply, significantly improving the quality of life in the smart city initiative

SKU-46490