Data Acquisition System Market Size, Growth, Trends, Report 2024-2033
The global data acquisition system market size was estimated at around USD 2.06 billion in 2023 and it is projected to hit around USD 3.57 billion by 2033, growing at a CAGR of 5.66% from 2024 to 2033. This growth is primarily attributed to the increasing importance of data-driven decision-making across various industries.
The data acquisition system market stands as a pivotal player in the ever-evolving technological landscape, catering to the burgeoning need for efficient data gathering and analysis across diverse industries. This overview aims to shed light on the key aspects shaping this dynamic market, from its foundational concepts to the latest trends influencing its trajectory.
The growth of the data acquisition system (DAS) market is propelled by several key factors that collectively contribute to its expanding trajectory. First and foremost, the increasing demand for real-time data analysis across diverse industries is a significant driver. Organizations are recognizing the pivotal role that timely and accurate data plays in decision-making processes. Furthermore, the surge in the Internet of Things (IoT) applications is fostering the adoption of DAS, as it proves essential for efficiently capturing and processing the vast amounts of data generated by connected devices. Additionally, advancements in technology, particularly the integration of artificial intelligence and machine learning algorithms, are enhancing the capabilities of data acquisition systems, making them more predictive and responsive. This amalgamation of factors not only addresses current industry needs but also positions DAS as a crucial component in the future landscape of data-driven decision-making.
| Report Coverage | Details |
| Market Size in 2023 | USD 2.06 billion |
| Revenue Forecast by 2033 | USD 3.57 billion |
| Growth rate from 2024 to 2033 | CAGR of 5.66% |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
The market is categorized based on speed into two segments: high-speed (>100 KS/S) and low-speed (<100 KS/S). In 2023, the high-speed segment emerged as the dominant player, holding the largest market share. This prominence is attributed to the escalating use of high-speed data acquisition systems across diverse industries such as aerospace and defense, automotive, and healthcare. These sectors require swift and accurate data collection and processing. The surge in demand for high-speed data acquisition systems is further fueled by the continuous development of advanced technologies in this domain and the increasing adoption of industrial automation and Internet of Things (IoT)-related technologies. These factors collectively contribute to the sustained growth of the high-speed data acquisition systems market.
The market is divided by industry vertical into segments such as energy & power, automotive & transportation, aerospace & defense, wireless infrastructure, healthcare, food & beverages, and others. In 2023, the aerospace and defense sector emerged as the leading segment, holding the largest market share. This prominence is attributed to the increasing intricacy and critical nature of systems within this industry. Dealing with complex systems like aircraft and defense equipment necessitates precise and real-time data acquisition for safety and reliability. The sector's commitment to meeting rigorous regulatory and safety standards has led to the widespread adoption of advanced data acquisition systems, ensuring the accuracy and reliability of data collection. Furthermore, the aerospace and defense sector's emphasis on performance optimization has propelled the demand for data acquisition, particularly in monitoring and analyzing the efficiency and reliability of aircraft, engines, and critical components, thereby contributing significantly to the growth of this market segment.
The market is categorized by application into segments comprising research & development, field data acquisition, and manufacturing data acquisition. In 2023, the manufacturing data acquisition segment dominated the market, securing the largest market share. This ascendancy is propelled by the increasing need for automation and process control within the manufacturing industry, thereby fostering the growth of the manufacturing DAQ system market. The introduction of novel data acquisition technologies, including cloud-based data acquisition systems and industrial Internet of Things (IIoT) data acquisition systems, further contributes to the expansion of this market segment. As manufacturing processes continue to evolve, the demand for advanced data acquisition solutions is anticipated to persist, solidifying the position of the manufacturing data acquisition segment in the market.
In 2023, North America emerged as the dominant force in the market, claiming the largest revenue share. This supremacy is primarily attributed to a substantial number of early technology adopters within the region, spurred by favorable governmental policy changes, a heightened adoption of industrial automation, and the initiation of intelligent manufacturing projects. Industries in North America are actively engaged in digital transformation endeavors, leveraging data acquisition systems for purposes such as process optimization, predictive maintenance, and quality control. The noteworthy trend of integrating data acquisition, automation, and analytics is further propelling market growth.
Looking ahead, Asia Pacific is poised for significant growth during the forecast period. This anticipated surge is driven by the adoption of cutting-edge technologies, including artificial intelligence (AI) and the Internet of Things (IoT), increased production capacity, stringent regulations governing product testing and measurement, and substantial government support for the manufacturing sector. Notably, China, as the largest automotive market in the Asia Pacific region, plays a pivotal role in driving this growth trajectory. The presence of numerous automotive original equipment manufacturers (OEMs) and production facilities in China contributes to the escalating demand for data acquisition (DAQ) systems in the region.
By Offering
By Speed
By Industry Vertical
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Data Acquisition System Market
5.1. COVID-19 Landscape: Data Acquisition System Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Data Acquisition System Market, By Offering
8.1. Data Acquisition System Market, by Offering, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Data Acquisition System Market, By Speed
9.1. Data Acquisition System Market, by Speed, 2023-2032
9.1.1. High-Speed (>100 Ks/S)
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Low-Speed (<100 Ks/S)
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Data Acquisition System Market, By Industry Vertical
10.1. Data Acquisition System Market, by Industry Vertical, 2023-2032
10.1.1. Energy & Power
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Automotive & Transportation
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Aerospace & Defense
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Wireless Infrastructure
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast (2020-2032)
10.1.6. Food & Beverages
10.1.6.1. Market Revenue and Forecast (2020-2032)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Data Acquisition System Market, By Application
11.1. Data Acquisition System Market, by Application, 2023-2032
11.1.1. Research & Development
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Field Data Acquisition
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Manufacturing Data Acquisition
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Data Acquisition System Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.2. Market Revenue and Forecast, by Speed (2020-2032)
12.1.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.1.4. Market Revenue and Forecast, by Application (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Speed (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Speed (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.2. Market Revenue and Forecast, by Speed (2020-2032)
12.2.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.2.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Speed (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Speed (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Speed (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Speed (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Application (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.2. Market Revenue and Forecast, by Speed (2020-2032)
12.3.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.3.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Speed (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Speed (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Speed (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Speed (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Application (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.2. Market Revenue and Forecast, by Speed (2020-2032)
12.4.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.4.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Speed (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Speed (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Speed (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Speed (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Application (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.2. Market Revenue and Forecast, by Speed (2020-2032)
12.5.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Speed (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Speed (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Industry Vertical (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Application (2020-2032)
Chapter 13. Company Profiles
13.1. Emerson Electric Co.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. ABB Ltd.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. General Electric
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Teledyne Technologies Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. National Instruments Corp.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Honeywell International Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Yokogawa Electric Corporation
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Campbell Scientific Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. imc Test & Measurement GmbH
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Schneider Electric
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers