The global DAQ system market 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.
In 2019, the DAQ
system market was mainly dominated by 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 have adopted various growth strategies, such as
product launches and developments and acquisitions to further expand their
presence in the global DAQ system market. Product launches and developments
have been the most adopted strategy of major players from 2017 to 2019, which
has helped them innovate on their offerings and broaden their customer base.
National Instruments
(US) is the dominant player in the global DAQ system market. It offers products
related to data acquisition and control, electronic test and instrumentation,
wireless design and test, and engineering education. The company’s data acquisition
and control products include hardware, software, and specialty products. The
company is focused on catering to the advanced research, automated test
equipment, automotive, consumer electronics, commercial aerospace, computers
and electronics, continuous process manufacturing, education, government and
defense, power, and energy sectors. National Instruments has a strong presence
in the Americas, Europe, and APAC.
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Keysight
Technologies (US) is a major player in the DAQ system market. The company
offers solutions related to the design, development, manufacture, installation,
deployment, validation, optimization, and secure operation of electronics
systems to the communications, networking, and electronics industries. The
company operates through 4 business segments, namely Communications Solutions,
Electronic Industrial Solutions, Ixia Solutions, and Services Solutions. The
company caters to various end-user segments, such as power, energy, automotive,
medical, research, and education sectors. Keysight Technologies has
manufacturing and R&D facilities in the US, Europe, and APAC.
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