Market Analysis and Insights:- Global Data Acquisition System Market
Global Data Acquisition System Market By Components (PLC, HMI, RTU, Others), Offering (Hardware, Software, Services), Products (PXI, Standalone, VXI, LXI/Ethernet, PCI, USB), Lifecycle Application (R&D, Imaging/Ultrasound, Field, Manufacturing, Test & Measurement, Industrial Monitoring), Vertical (Automotive & Transportation, Aerospace & Defense, Energy & Power, Academic & Research, Environmental Monitoring, Food & Beverages, Healthcare, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Data Acquisition System Market
Global data acquisition system market is expected to rise to an estimated value of USD 2.58 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the high prevalence of industrial automation, along with the requirement of open architectural systems.
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Market Definition: Global Data Acquisition System Market
Data acquisition systems are the collective technological components, software and services combined for the purpose of recording, sampling the physical conditions of the environment. These systems are thereby used for conversion of samples in numeric statistics for accurate representation in a visualization system. The various conditions that the system measures vary significantly with voltage, current, temperature pressure and even sound included in the recordings.
Market Drivers:
• Rapid rise in the prevalence of Industry 4.0, Big Data and IoT; this factor is expected to boost the growth of the market
• Increased focus on optimization of resources, energy and reduction in the overall cost of production; this factor is expected to fuel the growth of the market
• Various innovations in technology and upgradation of systems associated with data acquisitions is expected to drive the growth of the market
• Growth in requirement from various industries regarding remote monitoring systems for data and its recording is expected to propel the market growth
Market Restraints:
• High levels of expenses associated with the shift of technologies from traditional systems to data acquisition; this factor is expected to hinder this market growth
• Lack of technically skilled individuals in various industries regarding data acquisitions is expected to act as a restricting factor for the growth of this market
• Increasing prevalence of cyber-attacks globally is expected to hinder the market growth
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Segmentation: Global Data Acquisition System Market
By Components
• Programmable Logic Controller (PLC)
• Human Machine Interface (HMI)
• Remote Terminal Unit (RTU)
• Others
By Offering
• Hardware
o External Chassis & Modules
o Plug-In Analog I/O Board
• Software
o Bundled
o 3rd Party
• Services
By Products
• PCI Extension for Instrumentation (PXI)
• Standalone
• VME Extension for Instrumentation (VXI)
• LAN Extension for Instrumentation (LXI)/Ethernet
• Peripheral Component Interconnect (PCI)
• Universal Series Bus (USB)
By Lifecycle Application
• Research & Development (R&D)
• Imaging/Ultrasound
• Field
• Manufacturing
• Test & Measurement
• Industrial Monitoring
By Vertical
• Automotive & Transportation
• Aerospace & Defense
• Energy & Power
• Academic & Research
• Environmental Monitoring
• Food & Beverages
• Healthcare
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa
• Saudi Arabia
• UAE
• South Africa
• Egypt
• Israel
• Rest of Middle East and Africa
Key Developments in the Market:
• In February 2019, Kistler Group announced that they had inaugurated their sales center in Mississauga, Canada. This extension of Kistler’s location is a major step towards their global geographical expansion and it also signifies their commitment towards their customers in providing highly effective services
• In May 2017, Yokogawa Electric Corporation announced the launch of four SMARTDAC+ GX series panel-mount type paperless recorder, GP series portable paperless recorder and GM series data acquisition systems. The recently released product range included upgradation of modules, with the upgraded functions inclusive of sampling at intervals of 1 millisecond and monitoring up to 20 loops
Competitive Analysis
Global data acquisition system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of data acquisition system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global data acquisition system market are Yokogawa Test & Measurement Corporation; Schneider Electric; National Instruments; Keysight Technologies; HBM; Emerson Electric Co.; Honeywell; Advantech Co., Ltd.; Siemens Product Lifecycle Management Software Inc.; ABB; The MathWorks, Inc.; AMETEK.Inc.; OMRON Corporation; General Electric Company; Campbell Scientific, Inc.; Kistler Group; Mitsubishi Electric Corporation; Brüel & Kjær; Teledyne e2v (UK) Ltd among others.
Research Methodology: Global Data Acquisition System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
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