The global DAQ system market size is projected to grow from USD 1.7 billion in 2021 to USD 2.3 billion by 2026, at a CAGR of 5.5%. The market declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions as a result of which manufacturing and production processes were impacted
Though the market was impacted in 2020, it is expected to fully recover by 2021. Rising emphasis on data monitoring in end user sectors, Increasing implementation of Industry 4.0 as well as rising demand for high-speed connectivity technologies like implementation of 5G and so on are driving the growth of DAQ system market. Moreover, growing adoption of DAQ solutions in automotive & transportation, aerospace & defense, power & energy and other verticals will drive the demand for this market in the near future.
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Major Data Acquisition (DAQ) System Suppliers Include:
Other players include AstroNova Inc (US), Campbell Scientific Inc (US), Curtiss-Wright Corporation (US), Dataforth Corporation (US), Dewetron GmbH (Austria), Emerson Electric Co US), Gantner Instruments (Austria), General Electric (US), Graphtec Corporation (Japan), imc Test & Measurement GmbH (Germany), Hioki E.E. Corporation (Japan), Honeywell International Inc (US), MTS System Corp (US), Kistler Group (Switzerland), Rockwell Automation Corporation (US), Schneider Electric (France), and SEFRAM Instruments (France).
The DAQ system market is competitive, owing to the presence of large number of players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are deals and product launches. Many market players adopted product launches and deals as their primary business strategies. For instance, in July 2021, Spectris acquired Concurrent Real-Time, a provider of high-performance real-time computer systems, solutions, and software for commercial and government markets. Concurrent Real-Time’s RedHawk Linux solutions deliver hard real-time performance in support of the world’s most sophisticated hardware-in-the-loop and man-in-the-loop simulation, high-speed data acquisition, process control, and low-latency transaction processing applications. For instance, in February 2021, Teledyne SP Devices, a business unit of Teledyne Technologies, announced the release of ADQ32, a fourth-generation modular data acquisition board optimized for high-throughput applications.
National Instruments is one of the key global providers of DAQ system and solutions. It operates through a single segment and a single reporting unit. It offers a range of product and solution offerings, with LabVIEW as its flagship software for measurement and automation applications. Additional software offerings of the company include NI TestStand, NI VeriStand, NI DIAdem, NI InsightCM Enterprise, and NI Multisim Circuit Design. The modular hardware and related software offerings of the company include PXI module instrumentation, modular instruments, NU LabView Reconfigurable architecture, industrial communication interfaces, general-purpose interface bus (GPIB) data driver software, and hardware and software for machine vision acquisition, motion control, and data acquisition. The company also offers several production test systems, including NI Semiconductor Test System and NI Wireless Test System, and software and hardware products through its NI Education Platform. The company has sales and support offices in approximately 40 countries with a vast network of over 900 NI Partners. Its manufacturing facilities are located in Debrecen, Hungary, and Penang, Malaysia. It has a presence in North America, Asia Pacific (APAC), Europe, South America, and Middle East & Africa. For instance, in January 2021, National Instruments announced the appointment of Farnell as an NI Authorized Distributor, expanding its product portfolio to include NI software-connected test and measurement solutions for customers of all sizes. Farnell is NI’s first distribution partner to offer direct sales and technical support globally and now offers the largest and most complete test portfolio in the high service distribution market
Keysight Technologies is a technology company that helps enterprises, service providers, and governments by offering electronic design and test solutions. The company operates through two reportable segments: the communications solutions group and the electronic industrial solutions group. The communications solutions group offers electronic design and test software, electronic measurement instruments, systems and related services to commercial communications and aerospace, defense and government end markets. The electronic industrial solutions group caters to electronic industrial end markets, focusing on high-value applications in the automotive and energy industry, consumer electronics, education, general electronics design and manufacturing, and semiconductor design and manufacturing. The company serves the data acquisition system market through its electronic industrial solutions group segment. The company offers a broad portfolio of solutions, including DAQ systems, oscilloscopes and analyzers, meters, power solutions, generators, and sources, network tests, visibility and security solutions, wireless products, and other additional products and services. The company provides solutions across a wide range of industries, including commercial communications; networking; aerospace, defense and government; automotive; energy; semiconductor; general electronics; and education. The company has its reach in over 30 countries with a presence in the Americas, Asia Pacific, and Europe.
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Data Acquisition (DAQ) System Market with Covid-19 Impact Analysis by Offering (Hardware and Software), Speed (High Speed (>100 KS/S), Low Speed (<100 KS/S)), Application (R&D, Field and Manufacturing), Vertical, and Region - Global Forecast 2026
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