Global Data Acquisition System Market Size to worth USD 3.49 Billion by 2033: Market Study Report

Global Data Acquisition System Market Size to worth USD 3.49 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Data Acquisition System Market Size is Expected to Grow from USD 2.05 Billion in 2023 to USD 3.49 Billion by 2033, at a CAGR of 5.46% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Data Acquisition System Market Size, Share, and COVID-19 Impact Analysis, By Offering (Hardware and Software), By Vertical (Automotive & Transportation, Aerospace & Defense, Power & Energy, Wireless Communications & Infrastructure, Environmental Monitoring, Healthcare, Food & Beverage, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.         

The data acquisition system market refers to a collection of devices and components that measure and record physical or electrical signals for creating digital data for analysis and storage. The system includes measurement devices, sensors, a computer, and data acquisition software that is used for acquiring, storing, visualizing, and processing data. The growing focus on data monitoring in end-user sectors, implementation of Industry 4.0, and demand for high-speed connectivity technologies including the integration of 5G led to the surging demand for data acquisition system. Further, the adoption of DAQ solutions in automotive & transportation, aerospace & defense, and power & energy are the several verticals that are expected to propel the market demand. The increasing focus on data monitoring in end-use sectors for improving the quality of operations is escalating the market. On the contrary, the CAPEX cost and complexity of DAQ systems due to their technological advancements are challenging the global data acquisition system market.

The hardware segment is expected to account for the largest share during the forecast period.

Based on the offering, the global data acquisition system market is divided into hardware and software. Among these, the hardware segment is expected to account for the largest share during the forecast period. Due to its modular design and ability to be arranged in different combinations to accommodate a wide range of bespoke experimental setups, DAQ hardware is frequently used Further, the interoperability and ease of integration drive the use of ethernet, thereby propelling the market demand.

The aerospace & defense segment held the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the vertical, the global data acquisition system market is divided into automotive & transportation, aerospace & defense, power & energy, wireless communications & infrastructure, environmental monitoring, healthcare, food & beverage, and others. Among these, the aerospace & defense segment held the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. The demand for testing aircraft and their components with real-time monitoring features against various parameters and extreme environmental challenges is driving the market in the aerospace & defense segment.

North America is projected to hold the largest share of the global data acquisition system market over the forecast period.

North America is projected to hold the largest share of the global data acquisition system market over the forecast period. The growing adoption of modern data-collecting technologies, investments in the automotive sector, and the popularity of IoT & machine to machine technologies are driving the market in the region. The high adoption of IoT technology which leads to affected the cost, productivity, and operational efficiency driving the market for data acquisition systems.

Asia Pacific is predicted to grow at the fastest CAGR in the data acquisition system market over the forecast period. The rapid advancement in technology, growing manufacturing units, and strict regulatory policies about product testing and measurement are several factors driving the regional market growth. The robust industrial sector development and usage of emerging technologies such as AI and IoT are propelling the data acquisition market growth.

Company Profiling

Major key players in the data acquisition system market include National Instruments Corp, Keysight Technologies, Siemens Digital Industries Software, Spectris PLC, Fortive, ADLINK Technology, AMETEK, Inc., Teledyne Technologies Incorporated, Yokogawa Electric Corporation, AstroNova Inc., Campbell Scientific Inc., Curtiss-Wright Corporation, Dataforth Corporation, Dewetron GmbH, Gantner Instruments, General Electric, Graphtec Corporation, Hioki E.E. Corporation, Honeywell International Inc., MTS System Corp, Kistler Group, Rockwell Automation Corporation, Schneider Electric, SEFRAM Instruments, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2023, Through the project leadership of Keysight Technologies, the Horizon Europe-funded 6G-SANDBOX project signed a memorandum of understanding (MoU) agreement to establish an Open Innovation Laboratory with the European Space Agency (ESA) to advance the integration of satellites with terrestrial 5G and 6G networks.

• In March 2023, Global technology and software company Emerson received the 2023 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global data acquisition system market based on the below-mentioned segments:

Global Data Acquisition System Market, By Offering

• Hardware
• Software

Global Data Acquisition System Market, By Vertical

• Automotive & Transportation
• Aerospace & Defense
• Power & Energy
• Wireless Communications & Infrastructure
• Environmental Monitoring
• Healthcare
• Food & Beverage
• Others

Global Data Acquisition System Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa