The Global Market for Data Acquisition (DAQ) Hardware is Projected to Reach US$1.7 Billion by 2022

Strong Emphasis on Industrial Automation Drives Demand for Data Acquisition (DAQ) Hardware, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Data Acquisition (DAQ) Hardware market. The global market for Data Acquisition (DAQ) Hardware is projected to reach US$1.7 billion by 2022, driven by the availability of multi-functional and robust DAQ systems and increased adoption of industrial automation technologies.

Data acquisition (DAQ) is an established technical concept that focuses on recording, analyzing, and reporting of electrical measurements such as power, current and voltage, and transducer/sensor-driven data such as vibration, temperature, humidity, strain, flow and level etc. DAQ is carried out by DAQ systems, the specially designed tools to seamlessly collect data from equipment and processes in industrial sites, commercial facilities and scientific laboratories and transmit gathered data to a processing device for generating valuable insights for use in monitoring, control and analysis applications. DAQ systems, comprising of hardware and software solutions, are primarily available in the form of plug-in cards & boards and external devices such as data loggers, chart recorders, DAQ front ends, digital I/O, timing I/O and standalone systems. DAQ hardware solutions integrate signal conditioning circuitry, sensors, and analog-to-digital converters (ADCs) for collection and transmission of data. While sensors perform the role of converting physical parameters into electrical signals, signal conditioning circuitry focuses on converting sensor signals into digital values.

Market for DAQ hardware continues to expand, driven by the well-established role of data acquisition in test, measurement and instrumentation platforms; growing inclination towards data-driven strategies and real-time data analysis for improved control of industrial processes; and emergence of next generation industrial concepts such as Industrial Internet of Things (IIoT), Machine-to-Machine (M2M) communication, and Industry 4.0. Also benefiting market growth is the increase in research analysis, and design activities in scientific and product development domains such as modeling behavior analysis of scientific concepts and novel product design programs. Technology developments supporting growth include miniaturization of DAQ boards, increased availability of open source DAQ software leading to decreased DAQ costs, progression in plug-in DAQ card technology and wireless DAQ systems. DAQ systems based on Ethernet, USB, LXI, PCI and PXI architectures are gaining traction in the market. Adoption of DAQ remains highly visible in industries such as manufacturing, transportation/automotive, oil & gas, power generation, aerospace & defense, life sciences & healthcare and waste water treatment among others.

As stated by the new market research report on Data Acquisition (DAQ) Hardware, the United States represents the largest market worldwide. Trailing at a CAGR of 9% over the analysis period, Asia-Pacific ranks as the fastest growing market led by factors such as expanding base of the manufacturing sector; rising investments in automation of control & processing equipment; and adoption of Supervisory Control and Data Acquisition (SCADA) systems, Distributed Control Systems (DCSs), Programmable Logic Controllers (PLCs);

Major players covered in the report include ADInstruments, AMETEK, Inc., Campbell Scientific, Inc., DATAQ Instruments, Inc., Fortive Corp., General Electric Company, Honeywell International Inc., Keysight Technologies, Inc., Mantracourt Electronics Ltd., Measurement Computing Corp., National Instruments Corporation, PRUFTECHNIK Dieter Busch AG, Spectris Plc, HBM Test and Measurement, Red Lion Controls, Inc., and Yokogawa Electric Corp., among others.

The research report titled “Data Acquisition (DAQ) Hardware: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and strategic industry activities of global companies. The report provides market estimates and projections for Data Acquisition (DAQ) Hardware in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America) and Rest of World. The report also analyzes the DAQ Hardware market by product segment – External Devices, and Plug-in Cards & Boards.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more