Data Acquisition (DAQ) System Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Manufacturing is the fastest growing segment, North America is the largest market globally

The Global Data Acquisition (DAQ) System Market, valued at USD 2.04 Billion in 2024, is projected to experience a CAGR of 5.00% to reach USD 2.73 Billion by 2030. A Data Acquisition (DAQ) system integrates hardware and software to measure physical or electrical phenomena, converting analog signals into digital data for processing, analysis, and storage. The market's expansion is fundamentally driven by the escalating demand for industrial automation, the imperative for real-time data analytics to support informed decision-making, and ongoing advancements in sensor technologies.

Key Market Drivers

The Global Data Acquisition DAQ System Market is significantly propelled by industrial automation and Industry 4.0 adoption. The pervasive implementation of smart factories and interconnected operational environments inherently increases the volume and complexity of data requiring capture for process optimization, quality control, and predictive maintenance. According to the Manufacturers Alliance Foundation, in May 2024, 46% of U. S. -based mid to large-cap manufacturing companies had completed projects integrating robotic automation and AI into their processes, directly escalating the need for robust data collection infrastructure.

Key Market Challenges

A considerable initial investment for advanced Data Acquisition (DAQ) systems significantly impedes market expansion. This financial barrier makes such crucial technologies less accessible, particularly for smaller and medium-sized organizations that may lack the substantial capital required for implementation. Consequently, these prohibitive upfront costs lead to deferred or entirely foregone investments in new DAQ capabilities, which limits their potential for operational enhancements and improved decision-making.

Key Market Trends

The Global Data Acquisition (DAQ) System Market is experiencing a transformative shift with the deepening integration of advanced technologies. One significant trend is the increasing incorporation of artificial intelligence and machine learning directly into DAQ systems. This integration transcends basic data collection by enabling intelligent processing at the source for tasks such as predictive maintenance, anomaly detection, and enhanced quality control. It allows DAQ systems to not only capture vast amounts of data but also to interpret and act on it with greater autonomy and precision.

Key Market Players Profiled:

• National Instruments Corp.
• Keysight Technologies Inc.
• Siemens AG
• Spectris PLC
• Fortive Corporation
• ADLINK Technology Inc.
• AMETEK, Inc
• Dewesoft d.o.o
• Teledyne Technologies Incorporated
• Yokogawa Electric Corporation

Report Scope:

In this report, the Global Data Acquisition (DAQ) System Market has been segmented into the following categories:

By Offering:

• Hardware
• Software

By Application:

• R&D
• Field
• Manufacturing

By End-User:

• Automotive & Transportation
• Aerospace & Defense
• Power & Energy
• Others

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Data Acquisition (DAQ) System Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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