The global data acquisition system market size was US$ 1.79 billion in 2021. The global data acquisition system market size is forecast to reach US$ 2.71 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2022 to 2030.

A data acquisition (DAQ) system measures a number of electrical counts with the help of a computer, such as voltage, current, temperature, pressure, or sound. The DAQ system consists of several parts, including sensors, DAQ measurement hardware, and a computer with programmable software. It's also called a data logger. Basically, the sensor collects information from the real world and converts it into a signal that computers can process. Industrial, commercial, and other engineering fields use this product since it is able to capture an electrical signal and convert it to an analog or digital form. A data acquisition system increases the computing power, productivity, display capability, and connectivity of a computer. In addition, making them more powerful, flexible, and cost-effective measurement solutions.

Factors Influencing Market Growth 

• With the increase in the demand for data monitoring among end-user sectors, the market is forecast to experience significant growth during the forecast period.
• The rise in IoT devices, big data, and technological advancements are forecast to drive the global data acquisition system market.
• An increase in investments in the automotive sector, driven by technological advances, is also expected to boost the market growth. It is due to the increase in demand for industrial mobility for controlling automated vehicles from a distance.
• The high cost of implementing the data acquisition system may slow down the overall market's growth. 
• Growing demand for automated data acquisition systems and development of high-speed connectivity technologies, such as 5G, in end-user sectors, will foster opportunistic demand for the data acquisition systems market.

Impact Analysis of COVID-19

The COVID-19 pandemic had negatively impacted the global DAQ system market in 2020. In order to curb the spread of COVID-19, several major economies have enacted lockdowns. Lockdowns have severely affected the manufacturing industry. Automobile & transport, as well as aerospace & defense, are major vertical markets for DAQ systems. In 2020, many countries halted the production of automobiles for several weeks due to the COVID-19 pandemic. As a result of the pandemic-induced lockdown, Chinese parts exports, manufacturing in Europe, and assembling plants in the US were all impacted. In addition, reduced economic activities due to the outbreak and spread of COVID-19 have affected the power, energy, wireless communications, infrastructure, and construction demand and supply patterns in different economies. 

Regional Insights

The Asia Pacific region is forecast to witness a high CAGR in the global market. Rapid technological advancements, increased manufacturing units, strict regulations concerning product testing and measurement, and strong government support for manufacturing and implementing new technologies such as artificial intelligence and the Internet of Things. The Asia Pacific is a leading automobile manufacturing region in China. There is a growing penetration of automotive OEMs/plants in the region, which drives the growth of the region's data acquisition system market.

Leading Competitors

The leading prominent companies profiled in the global data acquisition system market are:

• ADLINK Technology
• AMETEK, Incorporated
• AstroNova Incorporated
• Campbell Scientific Incorporated
• Curtiss-Wright Corporation
• Dataforth Corporation
• Dewetron GmbH
• Emerson Electric Co.
• Fortive
• General Electric
• Honeywell International Incorporated
• imc Test & Measurement GmbH
• Keysight Technologies
• National Instruments Corp
• Rockwell Automation Corporation
• Schneider Electric
• Siemens Digital Industries Software
• Spectris PLC
• Teledyne Technologies Incorporated
• Yokogawa Electric Corporation
• Other Prominent Players

Scope of the Report

The global data acquisition system market segmentation focuses on Offering, Speed, Vertical, Application, and Region.

Segmentation based on Offering

• Hardware
• External chassis and modules
• Plug-in I/O analog boards
• Software
• Bundled
• 3rd Party

Segmentation based on Speed

• High-speed (>100 KS/S)
• Low-speed (<100 KS/S)

Segmentation based on Vertical

• Automotive & Transportation
• Aerospace &Defense,
• Power & Energy
• Wireless Communications & Infrastructure
• Environmental Monitoring
• Healthcare
• Food & beverage
• Others

Segmentation based on Application

• R&D
• Field
• Manufacturing

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America