USD 2.07 Billion
Report ID:
SQMIG45I2206 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
120
|Figures:
77
Data Acquisition System Market size was valued at USD 2,059.7 million in 2023 and is poised to grow from USD 2,157.8 million in 2024 to USD 3,231.5 million by 2031, at a CAGR of 5.2% over the forecast period (2025- 2032).
The growth is brought by the rising need to monitor and record data more accurately and in various sectors that include automobiles, aviation, healthcare, power among others. DAQ systems holds a central position to accumulate, interpret and administer real time data from different sources which help management in attaining the improved control and decision making. The emergence of Industry 4.0 and IoT technology has played a large role in the upsurge of the need for enhanced DAQ systems since manufacturers seek better automation, maintenance predictability, and responsive processes. Further, growing penetration of DAQ systems across renewable energy sectors like wind and solar in terms of monitoring is posing fresh opportunities.
The use of wireless communication and cloud solutions is making the market more intelligent, with relevant products offering more value than traditional offerings, greater scalability at lower cost and greater flexibility. Nevertheless, some barriers including high implementation cost and data security risks may potentially slow down the levels of adopting the solution among producers within the specified price sensitive markets.
Market snapshot - 2025- 2032
Global Market Size
USD 2.07 Billion
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
5.63% CAGR
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The global Data Acquisition System market is segmented based on offering, speed, application, Vertical, and region. By Offering, the market includes Hardware (External Chassis & Modules, Plug-In Analog I/O Boards), and Software (Bundled, Third-party). Based on speed, the market is divided into High-Speed (>100 Ks/S), Low-Speed (<100 Ks/S). Based on application, the market is divided into Research & Development, Field & Manufacturing, Asset Condition Monitoring, Design Validation & Repair, and Others. In terms of vertical, the market caters primarily to Aerospace & Defense, Energy & Power, Automotive & Transportation, IT & Telecommunication, Environmental Monitoring, Healthcare, Food & Beverages, and Others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA).
The segment relates to the production of hardware that gains from the increased use of industrial automation as well as the integration of smart technologies across industries. The implementation of complex industrial processes require physical tools and accessories like sensors, data acquisition devices, and interface cards for real time data acquisition. These components enhance operations effectiveness and accuracy, an essential element across automotive, aerospace, and indeed healthcare production industries. The latter is supported by rapid rates of industrialization in emerging markets, which continue to dedicate resources to enhancing existing infrastructures and implementing state-of-the-art technologies to support hardware products and solutions that remain key to delivery.
However, the software segment, which is the matter of the present research, remains a rather important though secondary element of the ecosystem. Solutions in software form are essential for data captured by the hardware systems since they facilitate the processing and visualization of the data for analysis. Thus, there is weak growth in the exogenous segment such as software in comparison with endogenous segment such as hardware systems. However, fast-rising trends, such as real-time analytics of data and Cloud-based data acquisition, are expected to be beneficial for software business since client base cannot be detached from them.
This growth is attributed to the soaring complexities and strategic importance of operations in aerospace & defense industry. Current day defense systems require the ability to monitor data in real-time and analyse it to guarantee mission accomplishment as well as optimisation of operation. DAQ systems are used widely for testing & validation of aircrafts, drones, missiles and satellite systems. They enable high accuracy and high resolution in data acquisition in rugged environment and which are safety critical systems. The progressive CAGR shows the increasing concerns of government across the world for defense modernization programs and the use of advanced technologies like artificial intelligence (AI), and machine learning (ML) in DAQ systems for maintenance and fault diagnosis applications.
In energy & power, the second dominating vertical by the market size of USD 414.9 million in 2024, it will reach USD 656.8 million by 2032 at a consistent CAGR of 6.0% is expected to grow. Increase in consumption of DAQ systems is due to growing need of renewable energy sources, to maintain a stable grid and for energy storage systems. These systems allow an effective and detailed control and measurement of the important parameters in power plants, wind farms, and solar installations. New trends encompassing smart grids and a proliferation in the ways and means of utilizing IoT in DAQ have strengthed the demand for sophisticated DAQ formulations thus propelling this segment.
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In 2024 it has contributed USD 728.1 Million and it will however sustain to dominate the market over the projected period of 2022-2032 with the estimated Market size of USD 1,180.85 Million and projected CAGR 7.2%. This growth can be mainly due to several factors that are currently influencing the demand in various industries. The market is experiencing growth due to the fast-growing industrialization in the region, rising automotive industry, and growing interest in smart structures.
In Europe the second dominating region, the market is expected to reach from USD 624.94 million to USD 973.19 million at the CAGR of 6.5% during the forecast period 2024-2032. Factor such as safety and performance requirements of automotive and aerospace industries are the fundamental reason that boost the usage of DAS system in this region. Furthermore, the trend towards Industry 4.0 and smart manufacturing has only increased the integration of DAS into production lines and increased overall efficiency while decreasing downtime.
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Rising Emphasis on Data Monitoring in End User Sectors Drives the Market Growth
Increasing Implementation of Industry 4.0 is Elevating
Impact of High Capital Expenditure and Complexity on DAQ System Adoption.
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The Data Acquisition System market is highly fragmented and the market players are trying to capture for leading positions in a domestic and regional market across the globe. Notably, our research proves that the international Data Acquisition System market is held by big manufacturers, including ADIDAS AG, Triumph International AG, Nike Inc., Data Acquisition System Anywhere Inc., La Perla Group. Being one of Germany's feeling torchbearers, ADIDAS AG has been popular among the people with its high-tech sportswear and data acquisition system for style. With the proper understanding of sport science knowledge, the firm tries to meet diverse needs of both amateur and professional swimmers by developing the strong and functional data acquisition system. Triumph International AG, based in Switzerland, produces Data Acquisition System and lingerie products that are the epitome of comfort, quality, and aesthetics, while at the same time acknowledging and meeting the specific needs of consumers in various regions. Nike Inc, another American Multinational Corp, is an industry market in the sportswear industry for having Data Acquisition System products. For increased athletic performance, this advance fabric technology should be made in the market related to cosmetics as well. Following the evolution in fabric technology advancements and fads in fashion design, they influence the market even more for this industry of a Data Acquisition System to remain vigorous and competitive all over the global market.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that collects, collates, correlates, and analyzes data gathered through primary exploratory research, supported by robust secondary desk research. SkyQuest has identified the key dominating segments of the Data Acquisition System market by offerings and applications.
According to our analysis, the global Data Acquisition System (DAQ) market is witnessing significant growth, fueled by advancements in technology, Industry 4.0 adoption, and the rising demand for precise data monitoring across sectors like automotive, aerospace, and industrial automation. Real-time data insights are becoming crucial for optimizing processes, enhancing safety, and improving product quality.
Additionally, the expansion of smart infrastructure projects, including intelligent transportation systems and smart grids, highlights the growing importance of DAQ systems in modern industries, driving their role in improving efficiency and fostering innovation. Regional disparities in DAQ system adoption reveal distinct opportunities. Developed regions like North America and Europe dominate due to advanced technological infrastructure and established industrial bases. Conversely, emerging economies in Asia-Pacific and Latin America are witnessing rapid growth, fueled by increasing industrialization and the adoption of automation technologies. The competitive landscape of the Data Acquisition System (DAQ) market highlights innovation as a key driver, with leading companies emphasizing modular and scalable systems to address diverse industry needs. These adaptable solutions cater to varied applications, ensuring cost efficiency and flexibility for users. Additionally, strategic partnerships and collaborations are becoming critical for market expansion and responding to evolving customer requirements. By leveraging shared expertise and market access, companies can effectively enhance their offerings, enter new regions, and meet the rising demand for advanced DAQ solutions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2,059.7 million |
Market size value in 2031 | USD 3,231.5 million |
Growth Rate | 5.2% |
Base year | 2024 |
Forecast period | 2025- 2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Data Acquisition System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Data Acquisition System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Acquisition System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Acquisition System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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