The global data acquisition (DAQ) System market size is projected to
reach USD 2.3 billion by 2026, growing at a compound annual growth rate (CAGR)
of 5.5% during the forecast period.
Hardware type is
expected to contribute the largest market share during the forecast period
Hardware is expected to
lead the data acquisition system market during the forecast period. DAQ
hardware is widely used due to its modular design and the possibility of
arranging various combinations to satisfy a wide range of customized
experimental setups. Additionally, the adoption of Ethernet is gaining momentum
owing to factors such as interoperability and ease of integration, thereby
fueling the demand for DAQ hardware.
The demand for DAQ
hardware is rising as they are widely deployed in manufacturing applications—in
both process and discrete, laboratory/R&D, automotive, and aerospace &
defense markets. The external chassis and module increase productivity and
performance in DAQ and control applications in industries. The continued
migration to USB- and ethernet-based front-end systems that offer PC computing
power and functionality is resulting in faster adoption rates, ultimately
driving the market for external chassis and modules.
Aerospace & defense
is expected to have the largest market share during the forecast period
The market for aerospace
& defense vertical is expected to have significantly the largest market
share during the forecast period. The growth of the DAQ system market for the
aerospace & defense vertical is driven by the need for testing aircraft and
their components with real-time monitoring features against various parameters
and extreme environmental challenges.
DAQ systems play a vital
role during various testing procedures in ensuring that the aerospace products
and components meet the desired functional specifications. These tests are
carried out during the design, development, and manufacturing stages of
aerospace components and play an important role in confirming if aerospace
components, subsystems, and complete flight systems meet the specified
requirements. These factors have contributed to the increased demand for DAQ
systems in the aerospace & defense vertical.
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Asia Pacific to witness
the highest growth in DAQ system market in terms of CAGR, globally
The market in APAC will
grow at the highest CAGR during the forecast period. Rapid advancements in
technologies, increasing manufacturing units, stringent regulatory policies
pertaining to testing and measurement of products, strong government support
towards manufacturing and adoption of new technologies such as AI and IoT, and
significant presence of key industry players in the region are a few major
factors driving the DAQ system market growth in APAC.
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