Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Data Acquisition (DAQ) System Market Reached a Valuation of USD 1.6 Billion in 2020, which is Expected to Escalate Further at 5.9% CAGR by 2028 - Report by Market Research Future (MRFR)

New York, USA, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Data Acquisition System Market information by Type, by Speed, by Vertical, by Application and Region – forecast to 2028” market size to grow at a compound annual growth rate of 5.9% by 2028.

Market Scope:
A data acquisition system or DAQ system collect information that helps understand the electrical/ physical phenomenon using sensors, measurement device, and a computer. DAQ systems can capture data from an actual system and store it in an easily retrievable format for further engineering or scientific review.

Hence, these computer-based measurement systems (DAQs) are critically important in a variety of verticals that need precision, like automotive, construction, electronics, production, and manufacturing, to name a few. Modern DAQ systems are compact and more powerful.

Years of technological developments in electronics have made such compact and more powerful DAQ systems that do not compromise measurement accuracy. In terms of cybersecurity, defense in depth means addressing cybersecurity at every layer of the system, with each layer implementing mostly independent security measures.
A high-speed data acquisition system, alongside the convergence of information technology (IT) and operational technology (OT), makes it possible to implement an effective policy and provisions to protect the booster testbed against cyberattacks.

Dominant Key Players on Data Acquisition System Market Covered are:

  • Siemens Digital Industries Software (US)

  • National Instruments Corp (US)

  • Teledyne Technologies Incorporated (US)

  • Spectris PLC (UK)

  • Yokogawa Electric Corporation (Japan)

  • Emerson Electric Co (US)

  • Honeywell International Inc (US)

  • General Electric (US)

  • Rockwell Automation Corporation (US)

  • Dataforth Corporation (US)

  • Curtiss-Wright Corporation (US)

  • Schneider Electric (France)

  • Graphtec Corporation (Japan)

  • AMETEK Inc (US)

  • Hioki EE Corporation (Japan)

Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/10775

Market USP Exclusively Encompassed:
Market Drivers
Increasing Spending on Upgrades of Manufacturing Setups Drive the Market
In addition to increasing spending on upgrades of manufacturing sectors, augmenting demand for remote management of IoT and IIoT devices and rising usage of cloud computing services are major trends. Also, the adoption of automation and IoT technology increases the DAQ application in the manufacturing sector.

Other factors that drive the DAQ system market include automation and digitalization and a rising inclination towards testing process optimization. Furthermore, the deployment of DAQ solutions to record complete data of various types of equipments installed in the manufacturing setups to improve their uptime performance and life cycle cost assessment substantiate market revenues.