Data Acquisition (DAQ) Systems

Global Data Acquisition (DAQ) Systems Market to Reach US$3.3 Billion by 2030

The global market for Data Acquisition (DAQ) Systems estimated at US$2.2 Billion in the year 2023, is expected to reach US$3.3 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. Hardware Component, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Software Component segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$579.8 Million While China is Forecast to Grow at 8.8% CAGR

The Data Acquisition (DAQ) Systems market in the U.S. is estimated at US$579.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$758.8 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Data Acquisition (DAQ) Systems Market – Key Trends & Drivers Summarized

What Are Data Acquisition (DAQ) Systems and Why Are They Essential in Industrial Applications?

Data Acquisition (DAQ) systems are hardware and software solutions used to collect, analyze, and monitor data from physical environments in real time. By converting analog signals (like temperature, pressure, sound, or vibration) into digital data, DAQ systems allow industries to monitor and control processes, assess system performance, and make data-driven decisions. The systems consist of sensors, data acquisition modules, and software platforms that work together to process and display data in a usable format. DAQ systems are crucial for quality control, predictive maintenance, and operational efficiency, as they provide high accuracy and reliability in capturing critical parameters across a range of applications.

In industrial automation, aerospace, automotive, healthcare, and energy sectors, DAQ systems are indispensable for enhancing productivity and operational safety. For example, in manufacturing, DAQ systems are used to monitor machinery, ensuring that equipment runs within safe parameters and allowing for real-time adjustments. In the automotive sector, they are used to test vehicle performance, while in healthcare, they enable accurate monitoring of medical devices and patient diagnostics. DAQ systems allow industries to collect vital data, ensuring precise control, product quality, and compliance with safety standards, making them foundational for modern data-driven operations.

How Are Technological Advancements Shaping Data Acquisition Systems?

Technological advancements in sensors, wireless connectivity, and cloud-based solutions are significantly enhancing the capabilities of DAQ systems, making them more accurate, flexible, and accessible. Advanced sensors now provide greater precision and faster data capture, allowing DAQ systems to monitor complex parameters in real time. The integration of wireless and IoT-enabled sensors has made remote monitoring possible, allowing industries to gather data from equipment in hard-to-reach or hazardous areas. Wireless DAQ systems enable streamlined operations and make real-time data accessible from anywhere, enhancing situational awareness and decision-making.

Cloud technology and big data analytics are also transforming DAQ systems by enabling the processing and storage of large volumes of data. Cloud-based DAQ systems allow companies to store and analyze data without the need for on-site infrastructure, reducing costs and enhancing scalability. Advanced analytics tools, such as machine learning, can then be applied to these large datasets to identify trends, predict equipment failure, and optimize processes. This shift toward cloud-enabled DAQ solutions has increased flexibility, as companies can access data and insights from any location, supporting more agile and proactive operations. Together, these technological advancements are making DAQ systems more powerful and adaptable, allowing businesses to achieve greater insights and efficiencies.

Why Is There Increasing Demand for DAQ Systems in Manufacturing and Energy Sectors?

The demand for DAQ systems is growing in the manufacturing and energy sectors due to the increasing need for operational efficiency, predictive maintenance, and regulatory compliance. In manufacturing, DAQ systems are essential for monitoring machinery, tracking production quality, and ensuring that equipment operates within safe and optimal parameters. With the rise of Industry 4.0 and smart factories, manufacturers are increasingly integrating DAQ systems with other automated tools, enabling real-time data exchange that supports seamless process control. DAQ systems facilitate predictive maintenance by identifying irregular patterns, allowing manufacturers to address equipment issues before they result in costly downtime.

In the energy sector, DAQ systems are used to monitor critical infrastructure, such as power generation equipment, transmission lines, and renewable energy installations. These systems help ensure the reliability of energy generation and distribution, especially as demand for renewable energy grows and grids become more decentralized. For example, DAQ systems are crucial in monitoring wind turbines, solar panels, and battery storage units, where they provide data on performance, energy output, and operational safety. By supporting real-time monitoring and optimization, DAQ systems enable the energy industry to maximize efficiency, reduce maintenance costs, and meet stringent regulatory requirements, driving demand in this essential sector.

What Factors Are Driving Growth in the Data Acquisition Systems Market?

The growth in the Data Acquisition Systems market is driven by rising industrial automation, increased focus on data-driven decision-making, advancements in IoT and sensor technology, and regulatory compliance. As more industries embrace automation, the need for accurate, real-time data monitoring and control has grown significantly. DAQ systems provide the data that automation systems rely on to operate efficiently and adapt to dynamic environments. The push for data-driven decision-making across sectors has also fueled demand, as companies increasingly rely on real-time insights to optimize performance, predict issues, and improve productivity.

The integration of IoT technology has expanded the scope of DAQ applications, enabling remote monitoring and data collection across distributed environments. Advances in wireless DAQ solutions have made it possible to gather and analyze data from equipment in remote or challenging locations, supporting industries like energy and aerospace. Additionally, regulatory compliance in sectors such as pharmaceuticals, energy, and healthcare requires accurate and reliable data logging, further driving the need for high-quality DAQ systems. Together, these factors are driving significant growth in the Data Acquisition Systems market, positioning it as a critical enabler in the era of digital transformation and smart industries.

Select Competitors (Total 17 Featured) -

• Ametek
• Brüel & Kjær
• Dewetron
• Emerson Electric
• Fortive
• GE
• HBM
• Honeywell
• Keysight Technologies
• Macrodyne
• National Instruments
• Omron Corporation
• Rockwell Automation
• Schneider Electric
• Siemens
• Tektronix
• Teledyne Technologies
• Yokogawa

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.