A fresh report titled on “Data Acquisition System Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Data Acquisition Systems Market was valued at US$ 1.8 Billion in 2019 and is expected to reach US$ 2.2 Billion by 2024, at a CAGR of 5.0% between 2019 and 2024. This report spread across 155 pages, profiling 13 companies and supported with 74 tables and 48 figures is now available in this research.
Topmost Outstanding Market Players:
- National Instruments (Texas)
- Keysight Technologies (US)
- Siemens (Germany)
- HBM (Germany)
- Yokogawa Electric (Japan)
- ABB Ltd (Switzerland)
- Honeywell International (US)
- Rockwell Automation (US)
- AMETEK Inc (US)
- Emerson Electric (US)
- Omron Corporation (Japan)
“The R & D application market for DAQ system is expected to continue hold the largest share during the forecast period”
The R&D application is expected to hold the largest market share during the forecast period. R&D is carried out by all resident companies, research institutes, universities, and government laboratories all over the world. In R&D, DAQ systems acquire component parameters and characteristics of prototypes and preproduction models. Heavy investments in R&D, constant need for innovation, and development of the products will tend to grow the demand for data acquisition systems in R&D application.
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“The market for automotive& transportation vertical is expected to witness highest growth from 2019to2024”
The DAQ system market for automotive& transportation is expected to grow at the highest CAGR during the forecast period. Compared to other sectors, the test process involved in the automotive industry consists of a set of test solutions that are very articulated within the production line. During testing data acquisition software is used to intelligently standardize, analyze, and report a large amount of data.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 56%, Tier 2 – 23%, and Tier 3 – 21%
- By Designation: C-Level Executives – 75% and Managers– 25%
- By Region: Americas – 40%, Europe – 23%, APAC – 26%, and RoW –11%