Global Data Acquisition System Market

Data Acquisition System Market Size, Share, Growth Analysis, By Offering(Hardware, Software), By Vertical(Automotive & Transportation, Aerospace & Defense), By Speed(High-speed (>100 KS/S), Low-speed (<100 KS/S)), By Application(R&D, Field) - Industry Forecast 2024-2031

Report ID: SQMIG45I2189 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 120 | Figures: 77

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FAQs

Data Acquisition System Market size was valued at USD 1.9 billion in 2022 and is poised to grow from USD 2.01 billion in 2023 to USD 3.13 billion by 2031, growing at a CAGR of 5.7% in 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 market presence and share. 'ADLINK Technology', 'AstroNova Inc.', 'Dataforth Corporation', 'Rockwell Automation Corporation', 'Schneider Electric', 'Dewetron GmbH', 'Emerson Electric Co.', 'imc Test & Measurement GmbH', 'Keysight Technologies', 'Siemens Digital Industries Software', 'Spectris PLC', 'AMETEK Inc.', 'Fortive', 'General Electric', 'Honeywell International Inc.', 'Teledyne Technologies Incorporated ', 'National Instruments Corp.', 'Yokogawa Electric Corporation.', 'Campbell Scientific Inc. ', 'Curtiss-Wright Corporation'

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 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.

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Global Data Acquisition System Market

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