Data acquisition is the act of digitizing data from the environment around us so that it can be presented, processed, and stored in the system. A simple example is detecting the room temperature as a digital number using a sensor such as a thermistor. Modern data collection systems may include collected data and analysis programs, network connectivity, and remote tracking and management choices. There are open-source software solutions available that incorporate all of the tools required to collect data from a variety of, generally specialized devices. These technologies stem from the scientific realm, where complex investigations need rapid, adaptable software.
Data Acquisition System Market Report Scope:
The Data Acquisition System market has been studied at the regional and national levels. The study includes a segment- and region-specific analysis of the Data Acquisition System market dynamics, including drivers, restraints, challenges, and opportunities. Because of the detailed market analysis, the report serves as an investor’s guide.
A bottom-up approach has been employed to estimate the Data Acquisition System market size. Secondary research identifies key players in the Data Acquisition System market, and primary and secondary research determines their market revenues. Primary research included interviews with key opinion leaders and Data Acquisition System industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals, while secondary research included a review of annual and financial reports from leading manufacturers. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Data Acquisition System key players in the industry.
Data Acquisition System Market Report Overview:
Stellar Market Research’s new market intelligence report indicates lucrative growth for Data Acquisition System Market suppliers in the forecast period through 2029. The market report includes the market’s growth drivers, major restraints, upcoming challenges, and current opportunities.
Data Acquisition System Market size was valued at US$ 1.65 Billion in 2020 and the total Data Acquisition System revenue is expected to grow at 5.8% through 2021 to 2027, reaching nearly US$ 2.45 Billion.
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Data Acquisition System Market Regional Analysis:
Government actions and regulations in the industry fuel Data Acquisition System Market growth in the region. The Data Acquisition System market report includes market geography, market size and share, as well as in-depth research into the business network structure, opportunities, and news updates. The report covers all regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Data Acquisition System Market Segmentation:
In 2020, the hardware segment dominated the data capture system market. During the projection period, it is expected to increase at a CAGR of 7.3%.
Data gathering apparatus is commonly used due to its object model and capacity to arrange various configurations to meet a wide range of bespoke experimental conditions. Furthermore, due to factors such as compatibility and ease of inclusion, Ethernet utilization is becoming more common, increasing demand for data gathering systems. DAQ technology is in high demand since it is frequently employed in manufacturing activities.
Additional hardware and subsystems in organizations improve efficiency and quality in data collecting and monitoring. Faster penetration rates are growing as a result of the ongoing transition to ethernet systems, which provide computers more processing power and capability, ultimately driving demand for peripheral systems and functions.
The aerospace and defense segment is predicted to increase at a CAGR of 6.3% over the forecast period.
The requirement for inspecting planes and their equipment with real-time surveillance features against multiple metrics and extreme weather challenges is driving the growth of the aviation and military data acquisition system market. Data collection systems are crucial in ensuring that aircraft items and materials meet the prescribed compliance level during various testing techniques. These tests are carried out on aircraft parts during the design, development, and production stages, and they are crucial in assessing if aviation structures, modules, and full flying systems meet the specifications.
Data Acquisition System Market Key Players:
Dataforth Corporation (US)
Dewetron GmbH (Austria)
Emerson Electric Co US)
Gantner Instruments (Austria)
General Electric (US)
Graphtec Corporation (Japan)
imc Test & Measurement GmbH (Germany)
Hioki E.E. Corporation (Japan)
Honeywell International Inc (US)
MTS System Corp (US)
Kistler Group (Switzerland)
Rockwell Automation Corporation (US)
Schneider Electric (France)
SEFRAM Instruments (France)
Key Questions answered in the Data Acquisition System Market Report are:
Key offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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