The
report "Data Acquisition System (DAQ)
Market by Component Type (Hardware, Software), Application (Research
and Analysis, Manufacturing and Quality, Asset Condition Monitoring, Design
Validation and Repair), End-user, and Region - Global Forecast to 2024",
is expected to grow from an estimated revenue of USD 1.9 billion in 2019 to USD
2.6 billion by 2024, at a CAGR of 5.9%. Increasing emphasis on data-monitoring
in end-users namely aerospace, defence and wireless communication and others
across regions such as North America, Asia Pacific, and Europe, is driving the
demand for DAQ system market. The market is segmented by component,
application, end-user and region.
Aerospace, Defence and Government
Services: The largest end-user segment of the DAQ system market
The
market is segmented, by end-user, into aerospace defense and government
services, automotive, energy, wireless communication and infrastructure, and
others. Aerospace, defense & government services segment accounted for the
largest share of the DAQ system market in 2018. The aerospace sector is driven
by increased research and development investment in countries such as the US,
France, UK, Germany and Russia along with the advent of new technologies like
flying urban taxies, electric passenger planes and freight-carrying drones.
This is expected to drive this segment across regions such as North America,
Asia Pacific, and Europe.
Research and analysis is projected to
have the highest growth rate in the DAQ system market, by application
The
market is segmented, by application type, into research and analysis,
manufacturing and quality, asset condition monitoring and design validation,
and repair. The research and analysis segment is estimated to lead the market
in terms of market size and is also expected to be the fastest-growing market.
The growth is driven by the increasing need for accurate, fast and precise DAQ
systems for testing new technologies.
North America region is expected to
dominate the global DAQ system market
North
America was the largest DAQ system industry in 2018, driven mainly by increased
investment in aerospace and defense and energy sectors activities in the US and
Canada. Increasing emphasis on the DAQ system in the automotive sector,
wireless communication, and aerospace and defense segments are the key market
drivers of the industry. The Asia Pacific is the second-largest market driven
by applications such as automotive, energy, wireless communication and infrastructure,
followed by Europe.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160241507
To
enable an in-depth understanding of the competitive landscape, the report
includes the profiles of some of the top manufacturers in the DAQ system
market. These players include National Instruments (US), Keysight Technologies
(US), Ametek (US), Teledyne (US), Fortive (US), and Yokogawa (Japan).
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