The
report "Data
Acquisition (DAQ) System Market by Offering (Hardware and Software),
Speed (High Speed (>100 KS/S), Low Speed (<100 KS/S)), Application
(R&D, Field and Manufacturing), Vertical, and Region - Global Forecast
2025", size is estimated to grow from USD 1.8 billion in 2020 to USD
2.4 billion by 2025, at a CAGR of 5.3%. The major driving factors of the DAQ
system industry are the increasing implementation of Industry 4.0 across
aerospace and automotive sectors, technological advancements and flexibility of
DAQ systems, and a growing emphasis on data monitoring.
The
DAQ system software market is the fastest-growing market
The DAQ software converts the analog voltage
corresponding to the temperature into binary numbers. The driver software and
application software are different software components in a DAQ system. The
driver software provides application software the ability to interact with a
DAQ device. It simplifies communication with the DAQ device by abstracting
low-level hardware commands and register-level programming.
DAQ software allows stimulation and
acquisition in a very wide range of frequencies, from a few hundred Hz to
several hundred kHz, and accurately calculates the dynamic parameters of the
test component in R&D. Huge investments, an increasing number of
validations tests, tracking of real-time data, and online analysis has led to
an increase of DAQ software in R&D applications.
R&D
application to hold the largest share of the DAQ system market in 2025
In R&D, dedicated test and measurement
tools are required to ensure that the project functions according to the
calculations and assists in resolving problems. In R&D, DAQ systems acquire
the component parameters and characteristics of prototypes and preproduction
models. Data loggers are also used widely in R&D, such as for the
measurement of acceleration forces in amusement parks, carrying out cell
culture experiments in microgravity onboard the space station, measuring
acceleration for the avalanche emergency system, and the fall detection of
smartphones. Many countries in APAC, such as India, China, Japan, and the
Republic of Korea, are heavily investing in R&D, which is likely to
increase the demand for DAQ systems. China alone has been largely responsible
for the growing demand of APAC in R&D.
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Automotive
& transportation is the fastest-growing vertical in the DAQ system market
The DAQ system market has a huge opportunity
in the automotive segment. The automotive sector is highly technology-driven
and is one of the largest investors in R&D, with an estimated investment of
USD 125 billion in 2018, according to the Auto Alliance. DAQ systems help from
virtual load tests conducted on the computer to mobile tests on the field, such
as on-road load DAQ, and also helps test vehicles and components under the real
conditions of use. During the testing of vehicles and their components, DAQ
software is used to intelligently standardize, analyze, and report a large
amount of data. Data loggers have been used extensively in commercial vehicles
and passenger cars. The key trends that are expected to drive the demand for
the DAQ system during the forecast period include the increasing adoption of
electric vehicles (EVs) and fuel cell mobility, connectivity and
digitalization, and autonomous car developments.
North
America to hold the largest share of the DAQ system market in 2025
Rising demand for DAQ systems in verticals
such as automotive & transportation (train networks & mass transit),
aerospace & defense, and energy & power is expected to support the
market growth in North America. North America has the largest aerospace &
defense sector in the world and is also the largest exporter of aerospace &
defense systems. Added to this, North America is the second-largest automotive
manufacturing region in the world, thus providing opportunities for the growth
of the DAQ systems market. The growing adoption of smart solutions in the
industrial, automotive, power, oil & gas, pharmaceuticals, and healthcare
sectors to improve performance and reduce the overall operational cost is also
likely to support the growth of the DAQ system industry in North America.
Key
market players
Key players in the DAQ system market are National
Instruments (US), Keysight Technologies (US), Fortive (US), Ametek (US),
Teledyne (US), Yokogawa (Japan), Siemens (Germany), Schneider Electric
(France), HBM (Germany), Tektronix (US), Brüel & Kjær (Denmark), Emerson
Electric (US), GE (US), Honeywell (US), Rockwell Automation (US), Omron
(Japan), Macrodyne (US), Dewetron (Austria), Campbell Scientific (US), Data
Translation (US), Dewesoft (Slovenia), Hioki (Japan), Astronova (US), Sefram
Instruments (France), Graphtec (Japan), and IMC (Germany).
These players are increasingly undertaking
product launches and developments and acquisitions to develop and introduce new
technologies and products in the market.
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