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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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