Global Data Acquisition (DAQ) Hardware Market Growth 2023-2029

Global Data Acquisition (DAQ) Hardware Market Growth 2023-2029

Data acquisition hardware comprises signal conditioning circuitry, sensors, and analog-to-digital converters. Sensors are also called transducers that convert physical parameters into measurable electrical signals. The signal circuitry converts sensor signals to numerical values. Data acquisition hardware is an industrial control system that collects the data from instruments and sensors positioned at isolated sites, then communicates and demonstrates this data at an essential site for monitoring and control purposes. It is also used to collect and analyze data in real time.

LPI (LP Information)' newest research report, the “Data Acquisition (DAQ) Hardware Industry Forecast” looks at past sales and reviews total world Data Acquisition (DAQ) Hardware sales in 2022, providing a comprehensive analysis by region and market sector of projected Data Acquisition (DAQ) Hardware sales for 2023 through 2029. With Data Acquisition (DAQ) Hardware sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Data Acquisition (DAQ) Hardware industry.

This Insight Report provides a comprehensive analysis of the global Data Acquisition (DAQ) Hardware landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Data Acquisition (DAQ) Hardware portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Data Acquisition (DAQ) Hardware market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Data Acquisition (DAQ) Hardware and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Data Acquisition (DAQ) Hardware.

The global Data Acquisition (DAQ) Hardware market size is projected to grow from US$ 1433.6 million in 2022 to US$ 1863.5 million in 2029; it is expected to grow at a CAGR of 1863.5 from 2023 to 2029.

Data acquisition hardware is widely adopted for design validation, research & analysis, manufacturing & quality tests, asset condition monitoring, verification, diagnostics & repair, and computer based control and automation. Further, increasing analysis and design activities such as modeling behavior of scientific phenomenon and new product design is expected to support the growth of the data acquisition hardware market. Operations such as verifying product lifecycle, testing for accuracy and reliability, ensuring conformance to industry standards, and establishing evidence, design validation and testing is required for maintaining the required standards. The manufacturing and quality testing for electrical, mechanical, and environmental parameters is also carried out with the help of data acquisition hardware. Diagnostics and repair systems are useful to recognize root cause of the problem within machinery and image inspection systems. Moreover, asset conditioning and monitoring solutions are used for the durable condition monitoring of equipment such as turbines and compressors and to detect problems and prevent failures. Condition monitoring helps to prevent outages, optimize performance, and reduce repair costs. Computer based control systems help in handling various processes and machinery without human interaction. However, increasing complexity related to signal conditioning in the data acquisition market is expected to restrain the growth of this market.

This report presents a comprehensive overview, market shares, and growth opportunities of Data Acquisition (DAQ) Hardware market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Portable Type
Fixed Type

Segmentation by application
Agriculture
Healthcare
Security
Industrial
Communication

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
National Instruments
Advantech
ADLINK Technology
Contec
Microstar Laboratories
Yokogawa
OMEGA Engineering
Coleman Technologies

Key Questions Addressed in this Report

What is the 10-year outlook for the global Data Acquisition (DAQ) Hardware market?

What factors are driving Data Acquisition (DAQ) Hardware market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Data Acquisition (DAQ) Hardware market opportunities vary by end market size?

How does Data Acquisition (DAQ) Hardware break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.