Global data acquisition systems (DAQ) market of $ 2.3 billion

Dublin, December 20, 2021 (GLOBE NEWSWIRE) – The “Data Acquisition Systems (DAQ) Market with Covid-19 Impact Analysis by Offer (Hardware and Software), Speed ​​(High Speed ​​(> 100 KS / S) ), low speed) (ResearchAndMarkets.com offer.

The global DAQ system market size is expected to grow from $ 1.7 billion in 2021 to $ 2.3 billion by 2026, with a CAGR of 5.5%.

The market has promising growth potential owing to the increasing adoption of DAQ systems and solutions, particularly in the automotive and transportation, aerospace and defense, energy and industry verticals. energy, as well as more in the near future.

Industry 4.0 helps the implementation of new digital technologies, such as IoT, cloud and mobile computing, in the global manufacturing sector. In the aerospace and automotive industries, Industry 4.0 has been adopted across the supply chain, from OEMs to small component and parts suppliers. Industry 4.0 helps OEMs develop and deliver products and equipment through digital transformation, replacing manual methodologies.

The key factor for the application of Industry 4.0 is that it makes production technologies smarter by using sensors and other advanced manufacturing technologies. For example, in the aerospace sector, the adoption of Industry 4.0 technology enables faster data exchange and increases the automation of manufacturing of major aerospace electronic components and components.

It also increases connectivity between stakeholders, thus increasing operational efficiency. In the automotive sector, the adoption of Industry 4.0 allows manufacturers to optimize their operations quickly and efficiently with continuous real-time monitoring of manufacturing processes and resources.

The market declined in 2020, mainly due to the impact of COVID-19. Supply chains were disrupted in 2020 due to lockdowns imposed by various governments and labor shortages in these industries due to travel restrictions, which have affected the DAQ system market. Although the market was impacted in 2020, it is expected to recover by 2021.

R&D: Largest segment of DAQ systems market, by application

R&D is expected to contribute to the larger market size in the DAQ systems market. R&D is carried out by all resident companies, research institutes, universities and government laboratories around the world. In R&D, DAQ systems acquire the parameters and characteristics of components of prototypes and pre-production models.

Heavy investments in R&D and the constant need for innovation and product development are expected to increase the demand for DAQ systems in R&D applications. Many APAC countries, such as India, China, Japan, and the Republic of Korea, are investing heavily in R&D, which is likely to increase demand for DAQ systems.

Automotive & Transportation: The Fastest Growing DAQ Systems Market Segment, By Vertical

The automotive and transportation vertical DAQ systems market is expected to grow at the fastest rate during the forecast period. The growing trend of technology-driven solutions and the growing need for real-time monitoring and data acquisition for various applications in the automotive and transportation industry are fueling the growth of this industry.

The need to comply with government regulations with various design standards and functional specifications and the interest of OEMs in providing competent products, coupled with increasing end-user demand for advanced vehicles as well as component and service testing. parts to overcome silos and reduce production time are the major factors driving the DAQ systems market for the automotive and transportation industry.

The growing trend of electric and hybrid electric vehicles encourages manufacturers to embark on the development of new DAQ systems for testing these vehicles.

North America has the largest market share in DAQ systems market

The increasing adoption of automated technologies in discrete processes and manufacturing is a major driver of the growth of the DAQ systems market in North America. After China, the US manufacturing sector is the second in the world.

The United States is already at the forefront of major developments surrounding the emerging technologies of the Fourth Industrial Revolution (Industry 4.0). The adoption of smart technologies in the manufacturing sector to improve process efficiency, reduce downtime, and increase product quality is likely to create growth opportunities for the DAQ systems market in the United States. .

Some of the major players offering DAQ products and solutions include National Instruments Corp (National Instruments, US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK) , Fortive (United States), ADLINK Technology (Taiwan), AMETEK, Inc (United States), Dewesoft doo (Slovenia), Teledyne Technologies Incorporated (United States), Yokogawa Electric Corporation (Japan).

Premium previews

  • Growth of automotive industry is expected to drive the market
  • High-speed DAQ system is expected to dominate the market from 2021 to 2026 57
  • Hardware Segment and United States to Hold Significant Share of DAQ Systems Market in 2021
  • China DAQ System Market Expected To Grow At The Highest CAGR During The Forecast Period

Market dynamics

Conductors

  • Growing focus on data monitoring in end user industries
  • Increase the implementation of Industry 4.0 in the aerospace and automotive sectors
  • Growing Advances and Flexibility of DAQ Systems

Constraints

  • Need for increased computing power for real-time data analysis
  • Investment cost and complexity of DAQ systems

Opportunities

  • Growing demand for automated DAQ systems
  • Growing demand for high-speed connectivity technologies like 5G

Challenges

  • Highly competitive market

Standards and regulations

  • Global
  • Europe
  • North America
  • ASP Analysis

Case studies

  • Dewesoft offered their DAQ system for flawless data delivery to Elin Motoren GmbH (Austria)
  • Metro De Madrid (Spain) used the Q.Brixx X system from Gantner Instruments for brake test applications
  • Daimler India Commercial Vehicles used Factorytalk Production Center software from Rockwell Automation for real-time data acquisition during the production process
  • Texas Rocket Engineering Lab (Trel) at the University of Texas at Austin to use Ni’s DAQ equipment for Halcyon Rocket testing.
  • Terna SPA (Italy) used Dewesoft’s vibration measurement system to test high voltage shunt reactors
  • NSTF (UK) used data acquisition systems from Prosig which can be fitted with conditional signal modules for vibration and acoustic testing purposes.
  • Technical University of Denmark used Gantner Instruments DAQ system for advanced structural and material testing
  • Signal.X provided control and acquisition services to engine diagnostic systems for its new dynamometer
  • Hbk presented its multiple data acquisition system to Applus + Idiada for various simulations and tests of electric and hybrid vehicles in its new laboratory

Technology analysis and trends

  • Digital Twin technology will be an emerging technology for DAQ system solutions
  • Growing demand for electric and hybrid vehicles

Companies mentioned

  • Adlink technology
  • Ametek
  • Astronova
  • Campbell scientist
  • Curtiss-Wright
  • Data forward
  • Dewesoft
  • Dewetron
  • Electric Emerson
  • strong
  • Gantner Instruments
  • General Electric
  • Graphtec
  • Hioki
  • Honeywell
  • Imc test and measurement
  • Keysight Technologies
  • Kistler
  • Mts Systems
  • National instruments
  • Rockwell Automation
  • Schneider Electric
  • Sefram Instruments
  • Siemens software for digital industries
  • Spectris (Hbk + Omega + Red Lion)
  • Teledyne Technologies
  • Electric Yokogawa

For more information on this report, visit https://www.researchandmarkets.com/r/ie3lgf


        


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