Industrial Data Acquisition Systems

Industrial Data Acquisition Systems

Global Industrial Data Acquisition Systems Market to Reach US$1.3 Billion by 2030

The global market for Industrial Data Acquisition Systems estimated at US$1.1 Billion in the year 2023, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2023-2030. External Chassis & Modules, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$968.3 Million by the end of the analysis period. Growth in the Plug-In Analog I/O Boards segment is estimated at 2.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$286.5 Million While China is Forecast to Grow at 6.4% CAGR

The Industrial Data Acquisition Systems market in the U.S. is estimated at US$286.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$271.8 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Global Industrial Data Acquisition Systems Market - Key Trends and Drivers Summarized

Industrial Data Acquisition Systems (IDAS) are sophisticated setups designed to collect, analyze, and store data from various industrial processes. These systems play a critical role in monitoring and controlling manufacturing operations, helping to ensure product quality, enhance operational efficiency, and reduce manufacturing costs. Typically consisting of sensors, signal conditioning equipment, data acquisition devices, and data management software, these systems capture real-time data from machines and environmental parameters, allowing operators to make informed decisions based on accurate and timely information. The versatility of IDAS enables them to be used across a diverse range of industries, including automotive, pharmaceuticals, aerospace, and food and beverage, where precise process control and quality assurance are crucial.

The evolution of IDAS has been significantly influenced by technological advancements such as the Internet of Things (IoT), cloud computing, and artificial intelligence. These technologies have transformed traditional data acquisition systems into more sophisticated, interconnected frameworks that can predict equipment failures, optimize production processes, and facilitate remote monitoring and control. For example, integrating IoT devices with IDAS allows for the continuous monitoring and analysis of an entire production line from a centralized location, enhancing the ability to respond quickly to any anomalies or inefficiencies. Furthermore, cloud-based data management enables vast amounts of data to be stored and analyzed without the need for extensive on-site IT infrastructure, reducing costs and improving scalability.

The growth in the industrial data acquisition systems market is driven by several factors. Firstly, the increasing complexity of industrial operations and the need for high-quality production outputs press industries to adopt advanced monitoring and data analysis solutions. Secondly, regulatory pressures and standards across various sectors demand rigorous process documentation and control, further propelling the need for IDAS. Technological innovations, particularly in wireless communications and sensor technologies, have also significantly reduced the cost and complexity of deploying these systems, thereby broadening their adoption across small and medium-sized enterprises. Moreover, the rising trend towards automation and data-driven decision-making in manufacturing environments drives the demand for integrated data acquisition solutions capable of providing deeper insights into operational processes. These factors collectively ensure the continued relevance and expansion of the industrial data acquisition systems market, aligning with broader industrial digitization and efficiency goals.

Select Competitors (Total 86 Featured) -

• ABB Ltd
• ADLINK Technology, Inc.
• Advantech Co. Ltd
• AMETEK, Inc. - United Electronic Industries (UEI)
• Beijing GEMOTECH Intelligent Technology
• Curtiss-Wright Corporation
• DAQ Systems Co., Limited
• DATAQ Instruments, Inc.
• Emerson Electric Co.
• Hottinger Brüel & Kjaer GmbH (HBM)
• Keysight Technologies, Inc.
• National Instruments Corporation
• Omron Corporation
• Rockwell Automation Inc.
• Siemens AG
• Tektronix, Inc.
• Yokogawa Electric Co.;

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