Data Acquisition (DAQ) Hardware

Data Acquisition (DAQ) Hardware

Global Data Acquisition (DAQ) Hardware Market to Reach US$3.1 Billion by 2030

The global market for Data Acquisition (DAQ) Hardware estimated at US$1.9 Billion in the year 2023, is expected to reach US$3.1 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2023-2030. External Devices, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Plug-in Cards & Boards segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$507.9 Million While China is Forecast to Grow at 10.3% CAGR

The Data Acquisition (DAQ) Hardware market in the U.S. is estimated at US$507.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$741.7 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Data Acquisition (DAQ) Hardware - Key Trends and Drivers

Data acquisition (DAQ) hardware is essential for the accurate collection, analysis, and processing of data from real-world environments. DAQ systems play a critical role in converting physical phenomena—such as temperature, pressure, sound, and light—into digital data that can be analyzed and stored for various applications. These systems typically consist of a combination of sensors, signal conditioning hardware, and analog-to-digital converters, which work together to ensure precise data capture. DAQ hardware is indispensable in numerous fields, including aerospace, automotive, telecommunications, healthcare, and manufacturing. Each of these industries relies on DAQ systems for monitoring and optimizing operations, ensuring quality control, conducting research and development, and driving technological innovation. The demand for high-performance DAQ systems is driven by the need for precise measurements and real-time data processing capabilities in increasingly complex and dynamic environments.

Technological advancements have significantly reshaped the DAQ hardware landscape, leading to improvements in speed, accuracy, and overall functionality. The integration of advanced technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) has revolutionized DAQ systems, enabling more sophisticated data analysis and predictive maintenance capabilities. Modern DAQ hardware now features higher resolution, faster sampling rates, and greater channel counts, which are crucial for capturing detailed data from high-speed and high-precision processes. Additionally, the miniaturization of components and the development of portable and wireless DAQ solutions have expanded their applicability in remote and challenging environments. Innovations in software interfaces, coupled with the rise of cloud-based data storage and analytics platforms, have further enhanced the efficiency, scalability, and accessibility of DAQ systems. These advancements make DAQ hardware more user-friendly and versatile, supporting a broader range of applications and industries.

The growth in the data acquisition hardware market is driven by several factors. Firstly, the increasing complexity and precision requirements of industrial and scientific applications propel the demand for advanced DAQ systems. As industries strive for higher efficiency and performance, the need for accurate and reliable data acquisition becomes paramount. The rising adoption of IoT and smart technologies across various sectors significantly enhances the need for robust data collection and analysis tools. These technologies require seamless integration with DAQ systems to gather and interpret vast amounts of data from interconnected devices and sensors. Moreover, the expansion of industries such as aerospace, automotive, and healthcare, where precise data acquisition is crucial for performance monitoring, safety, and regulatory compliance, significantly boosts market growth. The trend towards automation and digitalization in manufacturing processes also generates substantial demand for DAQ hardware to ensure operational efficiency and maintain stringent quality control standards. Additionally, the continuous evolution of wireless and portable DAQ systems meets the growing need for flexible and mobile data acquisition solutions in diverse operational settings, from field research to on-site industrial monitoring. These factors, combined with ongoing advancements in sensor technology, data analytics, and user interfaces, are expected to sustain the robust growth of the data acquisition hardware market in the coming years.

Select Competitors (Total 86 Featured) -

• ADInstruments Ltd.
• 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
• Red Lion Controls Inc.
• Spectris Plc
• Yokogawa Electric Corp.

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