Data Acquisition System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Data Acquisition System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Data Acquisition System Market: Overview
Data acquisition is the process of evaluating a physical phenomenon with computer software. It is a process of receiving, storing, and distributing of information. The other name for data acquisition is data logger. The global data acquisition market is gaining popularity for the last few years.
Advent of digitalization across the globe is the driving factor for the robust expansion of the global data acquisition market in the coming years.
TMR Research (TMR) shares a global analysis of data acquisition market such as size, share, and trends in the market. The report also shares pertinent information factors leading the growth of the global data acquisition market.
Global Data Acquisition System Market: Key Developments
Some of the key developments in the global data acquisition market that have recently taken place include.
In 2018, the Key sight Technologies, a global player announced the speed test developments with increasing measurement and scan rates. The rising designing challenge necessitates the advent of new testing methods to ensure the smooth functioning complex designing and fast data logging. This is expected to take the global data acquisition market towards a grand growth in the upcoming years.
In May 2019, at Sensors Expo & Conference in San Jose, Kistler debuts announced that it will be launching completely a new technology in the market in the U.S. market. KiDAQ will not just offer high quality measurement standards but also the world’s first ever automated calculation about the uncertainty of measurement.
Some of the most prominent competitors operating in the competitive landscape of global data acquisition system market include –
- Yokogawa Electric (Japan)
- Keysight Technologies (US)
- HBM (Germany)
- National Instruments (Texas)
- Honeywell International (US)
- Emerson Electric (US)
Global Data Acquisition System Market: Drivers and Restraints
Some of the growth drivers of the global data acquisition system market include:
Government to Support Global Data Acquisition System Market
The rising support by the government to introduce and deploy DAQ across the industrial sector and the capability of DAQ to provide support to wide range of Ethernet protocols is expected to expand the global data acquisition market during the forecast period.
Additionally, the hardware segment of data acquisition is projected to grow at a significant rate in the global data acquisition system market. The growth can be attributed to wide use of hardware in modular design and customized set up experience can be provided with the help of hardware. This is projected to drive the global data acquisition market in the near future.
Automotive Industry to Provide Impetus to Global Data Acquisition Market
The automotive and transport industry is projected to increase the global data acquisition system market at substantial rate during the forecast period. The growth can be due to the rising demand for automated vehicles, electric mobility, and connected vehicles.
Global Data Acquisition System Market: Geographical Analysis
The global data acquisition system market is expected to largely held by Asia Pacific. This is mainly due to fast paced industrialization and growing number of manufacturing plants of textiles, automotive, pharmaceuticals, and power sector. The large share is expected from economies such as India, South Korea, China, and Japan. Therefore, the APAC region is likely to keep the demand and supply chain of data acquisition system growing.
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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