Global Data Acquisition (DAQ) Hardware Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.1% through 2019 to 2027, reaching US$ XX Mn.
Global Data Acquisition (DAQ) Hardware Market
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Data acquisition (DAQ) hardware is a category of hardware that is involved in aggregating signals that can be sent into a computer system and used as internal data. The DAQ hardware is used in remote industrial sites to obtain data from different instruments and sensors.
The report covers all the dynamics, technologies and trends playing a major role in the growth of the data acquisition (DAQ) hardware market over the forecast period. Growing adoption of industrial IoT and increasing requirements for industrial automation is expected to drive the growth of DAQ hardware market during the forecast period. Reducing the size of the data acquisition board can also lead to market enlargement. For instance, in April 2018 ABB and Hewlett Packard Enterprise (HPE) have formed a collaboration to combine the digital production system of ABB, with the IT solutions of HPE. The aim of the collaboration is to provide producers with actionable insights from significant quantities of industrial data. The goal is to improve the quality and versatility of production activities. Because of this alliance, key players from various markets are likely to come together in the future to deliver greater benefits.
On the flip side, the global DAQ hardware market is hampered by growing complexity related to signal training in the DAQ hardware. Also, higher implementation cost is likely to be a factor that challenges the growth of the DAQ hardware market globally.
Based on Speed, the high-speed segment is expected to reach US$ XX.43 Mn by 2027 at a CAGR of XX.34% over the forecast period thanks to rising adoption of 5G among the end-users.
Based on industry verticals, aerospace & defence is expected to hold the largest XX% share in DAQ hardware market. This growth is attributed to tracking real-time data from ground experiments consisting of vision data during product development and component testing across the market.
North America Data Acquisition (DAQ) Hardware Market was valued US$ XX Mn. in 2019 and is expected to reach a value of US$ XX Mn. by 2027, with a CAGR of XX% during the forecast period. The adoption by manufacturers in North America of precision engineering practices with an emphasis on accuracy and durability in the manufacture of products has resulted in an increase in the region's use of data acquisition hardware. The Asia Pacific region is projected to register the fastest growth rate in the target market because of the presence of large industrial bases for electronic products in China, Japan, Korea and digitalizing the infrastructure in the region. For instance, In May 2015, HBM introduced its GEN7tA recorder and DAQ system. The system which can acquire data up to 400mb per second is anticipated to be ideal for Avionics.
Global Data Acquisition (DAQ) Hardware Market Competitive Landscape:
The objective of the report is to present a comprehensive analysis of the Global Data Acquisition (DAQ) Hardware Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Data Acquisition (DAQ) Hardware Market dynamics, structure by analyzing the market segments and projects the Global Data Acquisition (DAQ) Hardware Market size. Clear representation of competitive analysis of key players by Speed, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Data Acquisition (DAQ) Hardware Market make the report investor’s guide.
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Global Data Acquisition (DAQ) Hardware Market, By Speed
• High Speed
• Low Speed
Global Data Acquisition (DAQ) Hardware Market, By Industry Verticals
• IT & Telecommunications
• Aerospace & Defense
• Media & Entertainment
• Banking Financial Services and Insurance
• Consumer Goods
Global Data Acquisition (DAQ) Hardware Market, by Region
• North America
• ME & Africa
• Latin America
Global Data Acquisition (DAQ) Hardware Market Key Players
• National Instruments
• Keysight Technologies
• Schneider Electric
• Brüel & Kjær
• Emerson Electric
• Rockwell Automation
• Campbell Scientific
• Sefram Instruments
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