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- Data Acquisition Market – Size, Share, Trends, Growth, Forecast (2020 – 2026)
Introduction:
Data acquisition is the process of sampling signals which measure physical conditions in the real world and convert the resulting samples into digital numerical values that a computer can manipulate. Data acquisition systems play a key role in industrial sector real-time decision making. As companies evolve towards a data-centered approach in production and operations to maintain a competitive edge while facilitating users access to the data at any time, regardless of the location, data acquisition systems have evolved from mere processing systems to the key to reaching the required benefits of automation.
Global Data Acquisition Market Size & Growth:
The global data acquisition market was valued at $XX Billion in 2018 and is estimated to reach $XX Billion by 2026, growing at a CAGR of around X.XX% during the forecast period. One of the major driver of the data acquisition market is the promising growth of the Ethernet. Industrial Ethernet has been growing faster than traditional field buses during the last few years and has now overtaken field buses. This demand has been augmented by the increasing need for faster internet speeds, seamless integration of factory installations, the adoption of IoT and industrial controls. Such trends have been instrumental in boosting the demand for data acquisition systems. Moreover, the adoption of factory automation and smart manufacturing across the world is a foremost growth driver of the data acquisition market. However, higher implementation cost is a major factor that challenges the growth of the market.
Global Data Acquisition Market Segments:
The global data acquisition market can be segmented on the basis of component, industry vertical and region wise. DAQ hardware is the largest contributor to the DAQ system market, by component. The hardware of the DAQ system is categorized into external chassis and module and plug-in I/O boards. The external chassis and module provide increased productivity and performance in DAQ and control applications in industries. The continued migration to USB- and Ethernet-based front-end systems that offer PC computing power and functionality is resulting in faster adoption rates, ultimately flourishing the market for external chassis and module.
Based on channel, DAQ market is segmented into less than 32, 32 – 128, greater than 128.
Industry vertical wise market is further segmented into power & energy, automotive, education and research and others. Automotive is the fastest-growing end user in the DAQ system market and will continue to be so during the forecast period.
Based on region, North America data acquisition market holds the largest market share and is expected to dominate the market in the near future owing to large number of early technology adopters in this region. Europe contributes a significant market share in data acquisition market owing to rise in adoption of IoT by enterprises in these regions. Asia-Pacific region is expected to show the highest growth rate over the coming years due to expanding manufacturing sector and rise in investments in automation of control and monitoring equipment in this region. Latin America an MEA region are expected to show a moderate growth rate in data acquisition market.
Global Data Acquisition Market Trends:
- In May 2019, National Instruments Corporation launched its new wireless monitoring hardware for InsightCM, an application software for condition monitoring. The new wireless devices automate the manual process of route-based data collection, so reliability engineers can employ more time analyzing data and solving problems and less time climbing stairs with instrumentation and personal protection equipment to collect data.
- In April 2019, Yokogawa released FAST/TOOLS R10.04, the modern version of its renowned real-time operations management and visualization software. It is a highly flexible and scalable supervisory control and DAQ solution suitable for applications ranging from smart IoT-enabled applications to enterprise-wide integrated operations.
Global Data Acquisition Market Research Report Include:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Advantech Co. Ltd
- National Instruments Corporation
- Yokogawa Electric Co.
- Schneider Electric SE
- ABB Ltd
- Rockwell Automation Inc.
Along with these companies, there were many other companies considered/ cited in the report while analyzing the data acquisition market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Increasing adoption of industrial Ethernet solutions
4.1.2. Rising advancements and flexibility of DAQ systems
4.1.3. Growing emphasis on data monitoring in end-user sectors
4.2. Market restraints & challenges
4.2.1. Need for increased computational power for real-time data analysis
4.2.2. Cost implications
4.3. Market Opportunities
4.3.1. Growing demand for automated DAQ systems
4.3.2. Increasing demand for high-speed connectivity technologies, such as 5G
CHAPTER 5 GLOBAL DATA ACQUISITION MARKET – BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software
CHAPTER 6 GLOBAL DATA ACQUISITION MARKET – BY SOURCE
6.1. Introduction
6.2. Less than 32
6.3. C32 – 128
6.4. Greater than 128
CHAPTER 7 GLOBAL DATA ACQUISITION MARKET – BY APPLICATION
7.1. Introduction
7.2. Water and Waste Treatment
7.3. Power & Energy
7.4. Automotive
7.5. Education and Research
7.6. Aerospace & Defense
7.7. Others
CHAPTER 8 GLOBAL DATA ACQUISITION MARKET – BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.2.4. Costa Rica
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Chile
9.3.4. Columbia
9.3.5. Others
8.4. Europe
8.4.1. U.K.
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Russia
8.4.7. Netherlands
8.4.8. Switzerland
8.4.8. Poland
8.4.10. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. South Korea
8.5.5. Australia & New Zealand
8.5.6. Malaysia
8.5.7. Singapore
8.5.8. Others
8.6. Middle East & Africa
8.6.1. UAE
8.6.2. Saudi Arabia
8.6.3. Iran
8.6.4. Iraq
8.6.5. Qatar
8.6.6. South Africa
8.6.7. Algeria
8.6.8. Morocco
8.6.9. Nigeria
8.6.10. Egypt
8.6.11. Others
CHAPTER 9 GLOBAL DATA ACQUISITION MARKET – COMPANY PROFILES
9.1. Advantech Co. Ltd
9.2. ESpectris PLC (HBM and Bruel & Kjaer and Omega)
9.3. National Instruments Corporation
9.4. Schneider Electric SE
9.5. ABB Ltd
9.6. Honeywell International
9.7. Siemens AG
9.8. Rockwell Automation Inc.
9.9. Keysight Technologies
9.10. General Electric Ltd
9.11. Omron Corporation
9.12. Yokogawa Electric Co.
9.13. Tektronix
9.14. AMETEK (VTI Instruments)
CHAPTER 10 GLOBAL DATA ACQUISITION MARKET – COMPETITIVE LANDSCAPE
10.1. Market Share Analysis
10.2. Strategies adopted by top companies
10.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 11 MARKET INSIGHTS
11.1. Industry Experts Insights
11.2. Analysts Opinions
11.3. Investment Opportunities
CHAPTER 12 APPENDIX
12.1. List of Tables
12.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Additional information
| Report Type | Extensive Report, Miniature report, Snapshot Report |
|---|---|
| Licence | Single User License, Team License, Corporate License |
Introduction:
Data acquisition is the process of sampling signals which measure physical conditions in the real world and convert the resulting samples into digital numerical values that a computer can manipulate. Data acquisition systems play a key role in industrial sector real-time decision making. As companies evolve towards a data-centered approach in production and operations to maintain a competitive edge while facilitating users access to the data at any time, regardless of the location, data acquisition systems have evolved from mere processing systems to the key to reaching the required benefits of automation.
Global Data Acquisition Market Size & Growth:
The global data acquisition market was valued at $XX Billion in 2018 and is estimated to reach $XX Billion by 2026, growing at a CAGR of around X.XX% during the forecast period. One of the major driver of the data acquisition market is the promising growth of the Ethernet. Industrial Ethernet has been growing faster than traditional field buses during the last few years and has now overtaken field buses. This demand has been augmented by the increasing need for faster internet speeds, seamless integration of factory installations, the adoption of IoT and industrial controls. Such trends have been instrumental in boosting the demand for data acquisition systems. Moreover, the adoption of factory automation and smart manufacturing across the world is a foremost growth driver of the data acquisition market. However, higher implementation cost is a major factor that challenges the growth of the market.
Global Data Acquisition Market Segments:
The global data acquisition market can be segmented on the basis of component, industry vertical and region wise. DAQ hardware is the largest contributor to the DAQ system market, by component. The hardware of the DAQ system is categorized into external chassis and module and plug-in I/O boards. The external chassis and module provide increased productivity and performance in DAQ and control applications in industries. The continued migration to USB- and Ethernet-based front-end systems that offer PC computing power and functionality is resulting in faster adoption rates, ultimately flourishing the market for external chassis and module.
Based on channel, DAQ market is segmented into less than 32, 32 – 128, greater than 128.
Industry vertical wise market is further segmented into power & energy, automotive, education and research and others. Automotive is the fastest-growing end user in the DAQ system market and will continue to be so during the forecast period.
Based on region, North America data acquisition market holds the largest market share and is expected to dominate the market in the near future owing to large number of early technology adopters in this region. Europe contributes a significant market share in data acquisition market owing to rise in adoption of IoT by enterprises in these regions. Asia-Pacific region is expected to show the highest growth rate over the coming years due to expanding manufacturing sector and rise in investments in automation of control and monitoring equipment in this region. Latin America an MEA region are expected to show a moderate growth rate in data acquisition market.
Global Data Acquisition Market Trends:
- In May 2019, National Instruments Corporation launched its new wireless monitoring hardware for InsightCM, an application software for condition monitoring. The new wireless devices automate the manual process of route-based data collection, so reliability engineers can employ more time analyzing data and solving problems and less time climbing stairs with instrumentation and personal protection equipment to collect data.
- In April 2019, Yokogawa released FAST/TOOLS R10.04, the modern version of its renowned real-time operations management and visualization software. It is a highly flexible and scalable supervisory control and DAQ solution suitable for applications ranging from smart IoT-enabled applications to enterprise-wide integrated operations.
Global Data Acquisition Market Research Report Include:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Advantech Co. Ltd
- National Instruments Corporation
- Yokogawa Electric Co.
- Schneider Electric SE
- ABB Ltd
- Rockwell Automation Inc.
Along with these companies, there were many other companies considered/ cited in the report while analyzing the data acquisition market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Increasing adoption of industrial Ethernet solutions
4.1.2. Rising advancements and flexibility of DAQ systems
4.1.3. Growing emphasis on data monitoring in end-user sectors
4.2. Market restraints & challenges
4.2.1. Need for increased computational power for real-time data analysis
4.2.2. Cost implications
4.3. Market Opportunities
4.3.1. Growing demand for automated DAQ systems
4.3.2. Increasing demand for high-speed connectivity technologies, such as 5G
CHAPTER 5 GLOBAL DATA ACQUISITION MARKET – BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software
CHAPTER 6 GLOBAL DATA ACQUISITION MARKET – BY SOURCE
6.1. Introduction
6.2. Less than 32
6.3. C32 – 128
6.4. Greater than 128
CHAPTER 7 GLOBAL DATA ACQUISITION MARKET – BY APPLICATION
7.1. Introduction
7.2. Water and Waste Treatment
7.3. Power & Energy
7.4. Automotive
7.5. Education and Research
7.6. Aerospace & Defense
7.7. Others
CHAPTER 8 GLOBAL DATA ACQUISITION MARKET – BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.2.4. Costa Rica
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Chile
9.3.4. Columbia
9.3.5. Others
8.4. Europe
8.4.1. U.K.
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Russia
8.4.7. Netherlands
8.4.8. Switzerland
8.4.8. Poland
8.4.10. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. South Korea
8.5.5. Australia & New Zealand
8.5.6. Malaysia
8.5.7. Singapore
8.5.8. Others
8.6. Middle East & Africa
8.6.1. UAE
8.6.2. Saudi Arabia
8.6.3. Iran
8.6.4. Iraq
8.6.5. Qatar
8.6.6. South Africa
8.6.7. Algeria
8.6.8. Morocco
8.6.9. Nigeria
8.6.10. Egypt
8.6.11. Others
CHAPTER 9 GLOBAL DATA ACQUISITION MARKET – COMPANY PROFILES
9.1. Advantech Co. Ltd
9.2. ESpectris PLC (HBM and Bruel & Kjaer and Omega)
9.3. National Instruments Corporation
9.4. Schneider Electric SE
9.5. ABB Ltd
9.6. Honeywell International
9.7. Siemens AG
9.8. Rockwell Automation Inc.
9.9. Keysight Technologies
9.10. General Electric Ltd
9.11. Omron Corporation
9.12. Yokogawa Electric Co.
9.13. Tektronix
9.14. AMETEK (VTI Instruments)
CHAPTER 10 GLOBAL DATA ACQUISITION MARKET – COMPETITIVE LANDSCAPE
10.1. Market Share Analysis
10.2. Strategies adopted by top companies
10.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 11 MARKET INSIGHTS
11.1. Industry Experts Insights
11.2. Analysts Opinions
11.3. Investment Opportunities
CHAPTER 12 APPENDIX
12.1. List of Tables
12.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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