North America Data Acquisition System (DAQ) Market By Component (Hardware and Software) By Application (Research & Analysis, Manufacturing & Quality, Asset Condition Monitoring and Others) By End User (Aerospace Defense & Government Services, Energy, Automotive, Wireless Communication & Infrastructure and Others) By Country, Industry Analysis and Forecast, 2019 - 2025
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Market Report Description
The North America Data Acquisition System (DAQ) Market would witness market growth of 5.3% CAGR during the forecast period (2019-2025). Data acquisition systems can also be used to capture and track data in real time. Data acquisition technology is mainly used for research and development, manufacturing, diagnostics and repair, quality assurance, and PC-based control and automation. The data acquisition system, also abbreviated as DAS or DAQ, consists of sensors, hardware and programmed software for measuring physical quantities and translating the results into numerical values. Such digital numeric values are further controlled by the computer. The most frequently measured physical effects are current, temperature, voltage, pressure and sound. In comparison to conventional measurement systems, DAQ systems use the processing power, display and connectivity of standardized measurement applications.
The demand for data acquisition systems is expected to increase in the forecast period due to technical advancements and automation trends in the industries. In addition, advantages such as resource optimization, low cost of production and energy efficiency are projected to boost market growth positively. Nonetheless, data protection issues could impede market growth. Nevertheless, the development of the wireless DAQ is likely to generate substantial growth opportunities for key players engaged in the data acquisition system market.
Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Research & Analysis, Manufacturing & Quality, Asset Condition Monitoring and Others. Based on End User, the market is segmented into Aerospace Defense & Government Services, Energy, Automotive, Wireless Communication & Infrastructure and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Data Acquisition System (DAQ) Market in North America is expected to register a CAGR of 5.3% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the North America Data Acquisition System (DAQ) Market Analysis
- Research & Analysis
- Manufacturing & Quality
- Asset Condition Monitoring
By End User
- Aerospace Defence & Government Services
- Wireless Communication & Infrastructure
- Rest of North America
- 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.
- National Instruments Corporation
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