Data acquisition system market size is set to grow by USD 560.39 million from 2022 to 2027; The increasing demand for monitoring in end-user industries will boost the market - Technavio

NEW YORK, March 27, 2023 /PRNewswire/ -- The global data acquisition system market size is estimated to grow by USD 560.39 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.6% during the forecast period. Moreover, the growth momentum will accelerate. The increasing demand for monitoring in end-user industries is notably driving the market growth, although factors such as data acquisition system complexity and CAPEX may impede the market growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

Global Data Acquisition System Market – Market Dynamics
Key factor driving market growth

• The increasing demand for monitoring in end-user industries is notably driving market growth. 
• By minimizing human involvement, data monitoring helps improve operational quality and early fault detection during production in the aerospace, defense, government, energy, and automotive sectors.
• Data monitoring helps the energy sector assess the performance of assets such as solar power plants, wind turbines, and other power-generating machinery.
• Moreover, data monitoring is used in the aerospace industry to validate the design and safety parameters for the engine and other aircraft components and analyze the flight aerodynamics characteristics. 
• Thus, the increasing demand for data monitoring from the end-user industries will augment the growth of the market during the forecast period.

Major challenges hindering the market growth

• Data acquisition system complexity and CAPEX are the major challenges impeding the market growth. 
• Technological advances in the design and development of these data acquisition devices have made data acquisition systems increasingly complex.
• The resulting need for higher test capabilities compels manufacturers to upgrade their current technology to meet their application needs.
• Data collection system manufacturers must comply with numerous technical standards, which increases the cost of data collection systems.
• Such factors may hinder market growth during the forecast period.

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Global Data Acquisition System Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (power and energy, automotive, aerospace and defense, education and research, and others) and type (hardware and software). 

• The power and energy segment will account for a significant share of the market growth during the forecast period. The power and energy sector uses data collection systems to collect, store and analyze information about power generation, distribution, and consumption. These systems typically include sensors, data loggers, and software that can track various variables such as voltage, current, power, energy, and temperature. Such factors will increase the segment growth in this market during the forecast period.

Geography Overview
By geography, the global data acquisition system market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global data acquisition system market.

• North America is estimated to contribute 36% to the growth of the global market during the forecast period. Data collection systems are widely used in the manufacturing industry to monitor and improve production processes and increase productivity and efficiency. Additionally, many companies are spending significantly on research and development to advance their data collection system technology to make it more effective and affordable, which is fuelling market expansion. As a result, the North American data collection system market is expected to witness strong growth during the forecast period, owing to many factors such as IoT, energy efficiency, and government regulations.

Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Global Data Acquisition System Market – Leading trends influencing the market 

• Increasing demand for 5G and other high-speed connectivity technologies is the primary trend in the market.
• Several countries have started investing in 5G technology to improve their digital infrastructure and stay competitive in the digital economy.
• Major countries implementing and deploying 5G wireless infrastructure include South Korea, China, the United States, and Germany.
• These countries are expected to offer opportunities for data collection systems in various end-user industries such as wireless infrastructure and telecommunications.
• Such factors are expected to open new opportunities in the market during the forecast period.

Insights on market drivers, trends, and challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!

What are the key data covered in this Data Acquisition System Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the data acquisition system market between 2023 and 2027
• Precise estimation of the data acquisition system market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the data acquisition system market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of data acquisition system market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global data acquisition system market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global data acquisition system market 2017 - 2021 ($ million)

• 4.2 End-User Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Power and energy - Market size and forecast 2022-2027
• Exhibit 34: Chart on Power and energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Power and energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Power and energy - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Power and energy - Year-over-year growth 2022-2027 (%)

• 6.4 Automotive - Market size and forecast 2022-2027
• Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.5 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 6.6 Education and research - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Education and research - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Education and research - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Education and research - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Education and research - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 55: Chart on Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 57: Chart on Comparison by Type
• Exhibit 58: Data Table on Comparison by Type

• 7.3 Hardware - Market size and forecast 2022-2027
• Exhibit 59: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 7.4 Software - Market size and forecast 2022-2027
• Exhibit 63: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 ADLINK Technology Inc. 
• Exhibit 120: ADLINK Technology Inc. - Overview
• Exhibit 121: ADLINK Technology Inc. - Business segments
• Exhibit 122: ADLINK Technology Inc. - Key offerings
• Exhibit 123: ADLINK Technology Inc. - Segment focus

• 12.4 AMETEK Inc. 
• Exhibit 124: AMETEK Inc. - Overview
• Exhibit 125: AMETEK Inc. - Business segments
• Exhibit 126: AMETEK Inc. - Key offerings
• Exhibit 127: AMETEK Inc. - Segment focus

• 12.5 AstroNova Inc. 
• Exhibit 128: AstroNova Inc. - Overview
• Exhibit 129: AstroNova Inc. - Product / Service
• Exhibit 130: AstroNova Inc. - Key offerings

• 12.6 Campbell Scientific Inc. 
• Exhibit 131: Campbell Scientific Inc. - Overview
• Exhibit 132: Campbell Scientific Inc. - Product / Service
• Exhibit 133: Campbell Scientific Inc. - Key offerings

• 12.7 Curtiss Wright Corp. 
• Exhibit 134: Curtiss Wright Corp. - Overview
• Exhibit 135: Curtiss Wright Corp. - Business segments
• Exhibit 136: Curtiss Wright Corp. - Key news
• Exhibit 137: Curtiss Wright Corp. - Key offerings
• Exhibit 138: Curtiss Wright Corp. - Segment focus

• 12.8 Dataforth Corp. 
• Exhibit 139: Dataforth Corp. - Overview
• Exhibit 140: Dataforth Corp. - Product / Service
• Exhibit 141: Dataforth Corp. - Key offerings

• 12.9 Dewesoft d.o.o. 
• Exhibit 142: Dewesoft d.o.o. - Overview
• Exhibit 143: Dewesoft d.o.o. - Product / Service
• Exhibit 144: Dewesoft d.o.o. - Key offerings

• 12.10 Emerson Electric Co. 
• Exhibit 145: Emerson Electric Co. - Overview
• Exhibit 146: Emerson Electric Co. - Business segments
• Exhibit 147: Emerson Electric Co. - Key news
• Exhibit 148: Emerson Electric Co. - Key offerings
• Exhibit 149: Emerson Electric Co. - Segment focus

• 12.11 Fortive Corp. 
• Exhibit 150: Fortive Corp. - Overview
• Exhibit 151: Fortive Corp. - Business segments
• Exhibit 152: Fortive Corp. - Key offerings
• Exhibit 153: Fortive Corp. - Segment focus

• 12.12 Gantner Instruments Environment Solutions GmbH
• Exhibit 154: Gantner Instruments Environment Solutions GmbH - Overview
• Exhibit 155: Gantner Instruments Environment Solutions GmbH - Product / Service
• Exhibit 156: Gantner Instruments Environment Solutions GmbH - Key offerings

• 12.13 Keysight Technologies Inc. 
• Exhibit 157: Keysight Technologies Inc. - Overview
• Exhibit 158: Keysight Technologies Inc. - Business segments
• Exhibit 159: Keysight Technologies Inc. - Key news
• Exhibit 160: Keysight Technologies Inc. - Key offerings
• Exhibit 161: Keysight Technologies Inc. - Segment focus

• 12.14 National Instruments Corp. 
• Exhibit 162: National Instruments Corp. - Overview
• Exhibit 163: National Instruments Corp. - Product / Service
• Exhibit 164: National Instruments Corp. - Key news
• Exhibit 165: National Instruments Corp. - Key offerings

• 12.15 Siemens AG 
• Exhibit 166: Siemens AG - Overview
• Exhibit 167: Siemens AG - Business segments
• Exhibit 168: Siemens AG - Key news
• Exhibit 169: Siemens AG - Key offerings
• Exhibit 170: Siemens AG - Segment focus

• 12.16 Spectris Plc 
• Exhibit 171: Spectris Plc - Overview
• Exhibit 172: Spectris Plc - Business segments
• Exhibit 173: Spectris Plc - Key news
• Exhibit 174: Spectris Plc - Key offerings
• Exhibit 175: Spectris Plc - Segment focus

• 12.17 Yokogawa Electric Corp. 
• Exhibit 176: Yokogawa Electric Corp. - Overview
• Exhibit 177: Yokogawa Electric Corp. - Business segments
• Exhibit 178: Yokogawa Electric Corp. - Key offerings
• Exhibit 179: Yokogawa Electric Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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