A data acquisition system is a collection of devices that collect data by using a computer to measure electrical and physical phenomena. A data collection system is made up of physical components such as sensors and a computer that may be programmed. A DAQ's hardware component serves as an interface between a signal and a computer. DAQ systems collect data from instruments and sensors attached to equipment in various industrial locations and send it to a central location for monitoring and control. Real-time data is also collected and monitored via data gathering systems. The majority of data gathering gear is used in research and analysis, manufacturing, diagnostics and repair, quality control, and PC-based control and automation.
MARKET SCOPE
The "Global Data acquisition system Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the data acquisition system market with detailed market segmentation components, application, industry vertical, and geography. The report provides key statistics on the market status of the leading data acquisition system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global data acquisition system market is segmented into hardware, software, and services.
- On the basis of application, the market is segmented into research and development, field studies, and others.
- On the basis of industrial vertical, the market is segmented into Automotive and Transportation, Aerospace and Defense, Energy and Power, Environmental Monitoring, Food and Beverages, Healthcare, Others.
MARKET DYNAMICS
Drivers:
- Growing emphasis on data monitoring in end-users sectors
- Advantages such as resource optimization, low production costs and energy efficiency are expected to augment market growth positively.
Restraints
- Need for increased computational power for real-time data analysis
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The data acquisition system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the data acquisition system market in these regions.
IMPACT OF COVID-19 ON DATA ACQUISITION SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the data acquisition system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from data acquisition system market are anticipated to lucrative growth opportunities in the future with the rising demand for data acquisition system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the data acquisition system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Group
- AMETEK Inc.
- Bruel & Kjaer
- HBM (Spectris)
- Honeywell International
- Keysight Technologies
- National Instruments
- Rockwell Automation, Inc.
- Siemens AG
- Yokogawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.