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Global Data Acquisition System (DAQ) Market by Component Type, Application, End-user and Region - Forecast to 2024DUBLIN, Feb. 18, 2020 /PRNewswire/ -- The "Data Acquisition System (DAQ) Market by Component Type (Hardware, Software), Application (Research and Analysis, Manufacturing and Quality, Asset Condition Monitoring, Design Validation and Repair), End-user, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The global DAQ system market size is projected to reach USD 2.6 billion by 2024 from estimated revenue of USD 1.9 billion in 2019, at a CAGR of 5.9% during the forecast period. The increasing importance of the DAQ system and monitoring in sectors like aerospace, energy, and power, automotive, telecom, are driving the market in North America, Asia Pacific, and Europe. The global market is dominated by leading players that have an extensive regional presence. The leading players in the DAQ system industry include National Instruments (US), Keysight Technologies (US), Fortive (US), Teledyne (US), and Yokogawa (Japan) and others. Research and analysis segment is expected to dominate the DAQ system market The research and analysis segment is expected to be the largest market, by application type, during the forecast period. The growth is evident owing to the rising demand for highly accurate, fast and precise DAQ systems for testing these new technologies in fields of wireless communication, autonomous vehicles, and connected cars. Aerospace, defence, and the government is expected to dominate the DAQ system market The aerospace and defence segment of the market, by end-user type, is estimated to be the largest during the forecast period. The growth is attributed to heavy investment in the US, France and the UK and advent of new technologies like flying urban taxies, connected cars, and autonomous vehicles. North America to lead the DAQ system market in terms of value North America is the largest market in the DAQ system, followed by Asia Pacific, and Europe. The market is projected to be the fastest-growing market during the forecast period owing to rising investments in aerospace and defence, wireless communication, infrastructure and energy in the US and Canada. Research Coverage The report defines, describes, and forecasts the DAQ system industry, by component type, application, end-user, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the DAQ system market. The report will help market leaders/new entrants in this market in the following ways:
Key Topics Covered 1 Introduction 5.2.2 Restraints 5.2.2.1 Need for Increased Computational Power for Real-Time Analysis of Data 5.2.2.2 Capex Cost and Complexity of Data Acquisition Systems 5.2.3 Opportunities 5.2.3.1 Growing Demand for Automated Data Acquisition Systems 5.2.3.2 Demand for High-Speed Connectivity Such as 5G in End-Use Sectors 5.2.4 Challenges 5.2.4.1 Highly Competitive and Mature Data Acquisition Systems Market 5.2.4.2 Rapid Technological Changes for DAQ Testing in End-User Sector 6 Data Acquisition System Market, By Component 6.1 Introduction 6.2 Hardware 6.2.1 Demand for High Accuracy of Operations in Harsh Environments is Expected to Drive the Hardware Segment 6.2.2 Sensors/Transducers 6.2.3 Signal Conditioners 6.2.4 Data Acquisition Hardware 6.3 Software 6.3.1 Need for High Speed and Complex Data Processing is Expected to Drive the Sofware Segment 7 Data Acquisition System Market, By Application 7.1 Introduction 7.2 Research and Analysis 7.2.1 Rapid Technological Changes and Reduced Development Time are Expected to Drive the Market 7.3 Manufacturing & Quality 7.3.1 Need to Ensure Product Quality is Driving the Demand for DAQ System 7.4 Asset Condition Monitoring 7.4.1 Demand for Reducing Plant Downtime By Monitoring Asset Health is Driving the Market 7.5 Design Validation and Repair 7.5.1 Need for Validation of Design Changes to Reduce Failure is Driving the Market 8 Data Acquisition System Market, By End-User 8.1 Introduction 8.2 Aerospace, Defense & Government Services 8.2.1 Demand for Real-Time Data Monitoring and Mordernization in Aerospace Operations are Driving the Market 8.3 Automotive 8.3.1 New Mobility Technologies and Need for Real-World Testing are Driving the Market 8.4 Energy 8.4.1 Growing Renewable Energy Installation and Digilization of Energy Operations are Driving the Market 8.5 Wireless Communication and Infrastructure 8.5.1 5G Components Monitoring is Expected to Drive the Market 8.6 Others 9 Data Acquisition System Market, By Region 9.1 Introduction 9.2 North America 9.2.1 US 9.2.1.1 Strong Research and Development Spending in Automotive and Aerospace and Sectors are Driving the Market for Function Generators 9.2.2 Canada 9.2.2.1 Growing Smart Grid Initiatives and R&D in New Mobility Trends are Expected to Drive the DAQ System Market 9.2.3 Mexico 9.2.3.1 Massive Rollout Plan of Smart Meters and Demand From Aerospace and Automotive Sectors are Expected to Drive the Market for DAQ System Market 9.3 South America 9.3.1 Brazil 9.3.1.1 Higher Quality Product Development in Aerospace and Automotive Sectors is Driving the Demand for DAQ System 9.3.2 Argentina 9.3.2.1 Growing Investment in Wireless Infrastructure Sector is Driving the Demand for DAQ System 9.3.3 Chile 9.3.3.1 Strong Demand From Automotive and Aerospace Sectors is Expected to Drive the Demand for DAQ System 9.4 Asia Pacific 9.4.1 China 9.4.1.1 Demand for Testing Mobility Technologies and 5G Infrastructure Development and are Creating the Demand for DAQ System 9.4.2 Australia 9.4.2.1 Government Support for Wireless Infrastructure and New Technology Development in the Automotive Sector are Creating the Demand for DAQ System 9.4.3 Japan 9.4.3.1 Investment in New Mobility Trends and Development of 5G are Creating the Demand for DAQ System 9.4.4 South Korea 9.4.4.1 Adoption of 5G Technologies and Autonomous Car Developments are Creating the Demand for DAQ System 9.4.5 India 9.4.5.1 Renewable Grid Integration and Support for 5G Technology are Expected to Drive the Demand for DAQ System 9.4.6 Rest of Asia Pacific 9.4.7 Taiwan 9.4.7.1 Growing Demand From Electronic Sector Manufacturing and Consumer Electronics are Driving the Demand 9.4.8 Hong Kong 9.4.8.1 Planned 5G Rollout and Consumer Electronics are Driving the Demand for DAQ System 9.4.9 Malaysia 9.4.9.1 Solar Power Integration and Planned Wireless Communication Rollouts are Driving the Demand for DAQ System 9.4.10 Singapore 9.4.10.1 Smart Manufacturing in Aerospace Sector is Driving the Demand for DAQ System 9.4.11 Thailand 9.4.11.1 R&D Spending in Electric Vehicles is Driving the Demand for DAQ System 9.5 Europe 9.5.1 Germany 9.5.1.1 Strong Demand for DAQ System to Test Innovative Automotive and Aerospace Technologies are Expected to Drive the Demand 9.5.2 France 9.5.2.1 Testing for Advanced Technologies in Aerospace and Proposed Renewable Energy Addition is Expected to Drive the Demand 9.5.3 UK 9.5.3.1 Development of New Aerospace Propulsion System and Ai, Big Data Investments is Expected to Drive the Demand 9.5.4 Russia 9.5.4.1 Development of Innovative High-Speed Aerospace Technologies and Demand for Modernization are Expected to Drive the Demand 9.5.5 Spain 9.5.5.1 Development of New Powertrain Technologies and R&D Support for Aerospace Sector are Expected to Drive the Demand 9.5.6 Italy 9.5.6.1 Integrated Systems Development in Aerospace Development and Automation Technologies are Expected to Drive the Market. 9.5.7 Rest of Europe 9.5.8 Austria 9.5.8.1 Demand From Automotive and Aerospace Technologies are Expected to Drive the Demand for DAQ System 9.5.9 Belgium 9.5.9.1 Focus on New Technology Development in Aerospace and Automotive Sector is Driving the Demand 9.5.10 Finland 9.5.10.1 Creation of Data Hub for Energy Sector Operations is Driving the Demand 9.5.11 The Netherlands 9.5.11.1 Demand From Solar Energy Projects and Autonomous Driving Testing are Expected to Create DAQ Demand 9.5.12 Sweden 9.5.12.1 Demand for Automotive Technology Testing is Expected to Drive the Demand for DAQ System 9.5.13 Switzerland 9.5.13.1 Aerospace Equipment Manufacturing and Proposed 5G Rollout are Expected to Drive the Demand for DAQ System 9.6 Middle East & Africa 9.6.1 Middle East 9.6.1.1 Grid Modernization and Wireless Infrastructure are Expected to Drive the Demand for DAQ System 9.6.2 Africa 9.6.2.1 Growing Solar Installation and Research in Aerospace Sector are Expected to Drive the Demand for DAQ System 10 Competitive Landscape 10.1 Overview 10.2 Competitive Leadership Mapping (Overall Market) 10.2.1 Visionary Leaders 10.2.2 Innovators 10.2.3 Dynamic 10.2.4 Emerging 10.3 Market Ranking, 2018 10.4 Competitive Scenario 10.4.1 New Product Launches 10.4.2 Partnerships &Collaborations 10.4.3 Merger & Acquisition 10.4.4 Contracts & Agreements 11 Company Profile (Business Overview, Products Offered, Recent Developments, SWOT Analysis) 11.1 National Instruments 11.2 Keysight Technologies 11.3 Siemens AG 11.4 Schneider Electric 11.5 HBM 11.6 Yokogawa 11.7 Ametek 11.8 Tektronix 11.9 Fluke Corporation 11.10 Bruel & Kjaer 11.11 Emerson Electric Co. 11.12 GE 11.13 Honeywell 11.14 Rockwell Automation 11.15 Omron Corporation 11.16 Macrodyne 11.17 Teledyne Technologies 11.18 Other Companies 11.18.1 Mathworks 11.18.2 Campbell Scientific 11.18.3 Data Translation For more information about this report visit https://www.researchandmarkets.com/r/gvdcv4 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-data-acquisition-system-daq-market-by-component-type-application-end-user-and-region---forecast-to-2024-301006613.html SOURCE Research and Markets |