The study used four major activities to estimate the market size of the data acquisition system. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and market size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were used to estimate the market size for different segments and subsegments.
Secondary Research
In the secondary research process, various sources were used to identify and collect information on the data acquisition system market. Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; and articles by recognized authors, directories, and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of key secondary sources
Source
|
Web Link
|
The International Organization of Motor Vehicle Manufacturers
|
https://www.oica.net/
|
Energy Information Administration
|
https://www.eia.gov/
|
Federal Aviation Administration
|
https://www.faa.gov/
|
ASEAN Automotive Federation
|
https://www.asean-autofed.com/
|
Primary Research
Primary interviews were conducted to gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting. Additionally, primary research was used to comprehend various technologies, types, end uses, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using data acquisition system offerings and processes, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of data acquisition system, which will impact the overall market. Several primary interviews were conducted across major countries in North America, Europe, Asia Pacific, and RoW.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study's overall market size estimation process.
Data Acquisition System Market : Top-Down and Bottom-Up Approach
Data Triangulation
Once the overall size of the data acquisition system market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. Various factors and trends from the demand and supply sides were studied to triangulate the data. The market was validated using both top-down and bottom-up approaches.
Market Definition
A data acquisition system (DAQ) collects, measures, and analyzes data from various sources, such as sensors, instruments, or devices. It is crucial in scientific research, engineering, industrial automation, and medical monitoring. A typical DAQ system consists of sensors or transducers that convert physical phenomena (temperature, pressure, or force) into electrical signals. These signals are then conditioned through amplification and filtering to ensure accuracy.
Key Stakeholders
-
Raw material vendors
-
Component and hardware providers
-
Sensor providers
-
DAQ solution providers
-
DAQ software providers
-
System integrators
-
Original equipment manufacturers (OEMs)/device manufacturers
-
Technology standards organizations, forums, alliances, and associations
-
Governments, financial institutions, and investment communities
-
Research organizations
-
Analysts and strategic business planners
-
Venture capitalists, private equity firms, and startup companies
Report Objectives
-
To describe and forecast the data acquisition system market size by offering, speed, application, vertical, and region, in terms of value
-
To describe and forecast the market for various segments across four main regions, namely, North America, Europe, Asia Pacific, and RoW, in terms of value
-
To describe and forecast the market by offering, in terms of volume
-
To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the markets
-
To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing market growth
-
To analyze opportunities for stakeholders by identifying high-growth segments in the market
-
To provide a detailed overview of the data acquisition system value chain
-
To strategically analyze key technologies, average selling price trends, trends impacting customer business, ecosystem, regulatory landscape, patent landscape, Porter's five forces, import and export scenarios, trade landscape, key stakeholders, buying criteria, and case studies pertaining to the market under study
-
To strategically profile key players in the data acquisition system market and comprehensively analyze their market share and core competencies
-
To analyze competitive developments such as partnerships, acquisitions, expansions, collaborations, and product launches, along with R&D in the data acquisition system market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
-
Detailed analysis and profiling of additional market players (up to 5)
-
Additional country-level analysis of the data acquisition system market
Product Analysis
-
The product matrix provides a detailed comparison of the product portfolio of each company in the data acquisition system market.
Growth opportunities and latent adjacency in Data Acquisition System Market