According to a new report Global Data Acquisition System (DAQ) Market, published by KBV research, The Global Data Acquisition System (DAQ) Market size is expected to reach $2.6 billion by 2025, rising at a market growth of 5.8% CAGR during the forecast period. This growth is attributed to the growing demand for high-speed connectivity between end-use industries including defense, aerospace, automation, wireless communication, and energy. One of the main drivers of the data acquisition market is the lucrative growth of the Ethernet. Industrial Ethernet has grown faster than traditional field buses over the last few years and has now overtaken field buses. With the sudden break of Covid-19 in late months of year 2019, the markets worldwide are unfortunately experiencing its grip. The suppliers and consumers of the products & Services are affected in a big way across the sectors resulting in declining revenues in last quarters of year 2019.
The hardware market segment recorded the highest market share in 2018, driven by a growing focus on data monitoring in end-user sectors like aerospace and automotive in North America, Europe, and Asia-Pacific. The future growth of the segment can be linked with increased demand for highly accurate and reliable measurement applications in the aerospace, automotive and wireless communications industries.
The North America recorded the largest share of the data acquisition system market share in 2018. Furthermore, this trend is projected to continue during the forecast period as well. The DAQ system market in the region is anticipated to be driven by industries like aerospace, defense & government services, automotive, wireless communication, telecommunications and energy.
The automotive sector is expected to expand at the fastest growth rate in the forecast period. The auto sector is thoroughly technically oriented and the DAQ system finds comprehensive applications ranging from virtual load testing to on-road data acquisition.
Research and Analysis is projected to have the highest growth rate over the forecast period. Developments in this segment are anticipated to be driven by a growing need for real-time analysis of data from key end-users including wireless communication, automotive, aerospace and defense.
Structural Insights: https://www.kbvresearch.com/data-acquisition-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Schneider Electric SE, Yokogawa Electric Corporation, Ametek, Inc., Fortive Corporation (Fluke Corporation), Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, Keysight Technologies, Inc., and National Instruments Corporation.
By Component
By Application
By End User
By Geography
Companies Profiled
Unique Offerings from KBV Research
Unique Offerings 
