An overview and the current developments of the industry players are included in the report, assisting players, new entrants, and investors gain insight into the overall market structure and adopt strategies to gain a meaningful outcome.
Progressive Markets added a report, "Global Data Acquisition Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", which says that the global market is expected to grow at a considerable CAGR from 2017 to 2025.
Data acquisition systems (DAQ or DAS) are used to measure physical or electrical characteristics such as voltage, gas pressure, light intensity, fluid flow or temperature. They process the analog signals and convert them into digital numeric values with the help of a computer for storage and analysis.
They comprise sensors and actuators, signal conditioning circuitry, analog to digital converters, computer, and an output interface. Data acquisition systems are used by engineers and scientists for science research, civil engineering, industrial control, to name a few.
The data acquired from DAQs help in making real-time decisions because of the ability of such systems to obtain and analyze data based on real time.
Data acquisition systems find applications in numerous industries such as steel industry, food industry, paper industry, oil refining industry, textile industry, chemical industry, cement manufacturing industry, and more.
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Market Drivers and Restraints
The global data acquisition market is witnessing a high growth in the recent years. The growth is due to the growing demand for Ethernet usage.
Ethernet is increasingly gaining worldwide adoption because of its low cost, ease of communication within the enterprise, and high bandwidth. However, data piracy and security threats limit the growth of the overall market.
Data Acquisition Market Key Segmentation:
The report segments the global data acquisition market based on product type, architecture, component, industry vertical, and geography. By product type, the global data acquisition market is classified into peripheral component interconnect, LAN extensions for instrumentation (LXI), VME extensions for instrumentation (VXI), and others.
By architecture, the market is fragmented into hardware, software, and services. Based on component, the data acquisition market is divided into Human Machine Interface (HMI), Programmable Logic Controller (PLC), and Remote Terminal Unit (RTU).
Based on industry vertical, the market is segmented into aerospace & defense, chemicals, oil & gas, IT & Telecom, and others. Based on geography, the report analyzes the global data acquisition industry across regions such as Europe, North America, Asia-Pacific, and LAMEA.
In Europe, the data acquisition market covers the regions such as the UK, Germany, France, Russia, and the rest of Europe. In North America, the market covers regions such as the U.S., Canada, and Mexico.
In Asia-Pacific, the market covers the regions such as Australia, Japan, India, China, and the other parts of Asia-Pacific. In LAMEA, the market covers regions such as Argentina, South Africa, Brazil, Saudi Arabia, and the other parts of LAMEA.
Key Market Players
The global data acquisition industry is highly competitive due to the presence of numerous players. The important players operating in the market include Honeywell International, ABB Ltd., Siemens AG, Schneider Electric, Rockwell Automation, Inc., Emerson Electric Company, Campbell Scientific Inc., General Electric, Ametek, Inc., and Agilent Technologies.
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The report presents a detailed analysis of the data acquisition industry, encompassing the data acquisition market size, data acquisition market share (2014-2025), market dynamics, Porter's analysis, scope, mode of research, competitive landscape, key players, and ongoing and future market trends. The data in the report are a result of an extensive research and insights from key industry players.
The drivers and restraints of the market help analyze the market development or slow down. All the five major factors in the Porter's analysis have been quantified using the parameters governing each of them.
It helps comprehend the intensity of competitiveness in the industry and determine the market profitability. The report presents data acquisition market forecast (2017-2025) for every segment for all the regions mentioned in the report.
The report also encompasses the historic market size from the period, 2014 - 2016 for each segment in each region. The market analyzed across the several regions help identify the opportunities that exist in the market.
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