Data Acquisition System Market Will Grow $ 2.71 Billion By 2030

The global data acquisition system market size is expected to reach USD 2.71 billion by 2030 according to a new study by Polaris Market Research. The report “Data Acquisition System Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software); By Speed {High-speed (>100 KS/S), Low-speed (<100 KS/S)}; By Vertical; By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

According to the research report published by Polaris Market Research, The global data acquisition system market was valued at USD 1.69 billion in 2021 and is expected to grow at a CAGR of 5.4% during the forecast period.

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One of the primary elements driving the industry growth is the integration of control methods with information acquisition solutions, which allows real-time control and post-recording display and analysis. Also, aerospace, wireless communication, automotive, and manufacturing are among the industries that are rapidly adopting 5G technology. For instance, the present 4G technology is insufficient to support the development and acceptance of autonomous vehicles in the automotive industry. Thus, the demand for 5G technology connectivity boosts the product demand that is driving the industry growth.

Top Market Players

  • ADLINK Technology
  • AMETEK Inc.
  • AstroNova Inc
  • Campbell Scientific Inc
  • Curtiss-Wright Corporation
  • Dataforth Corporation
  • Dewetron GmbH
  • Emerson Electric Co.
  • Fortive
  • General Electric
  • Honeywell International Inc.
  • imc Test & Measurement GmbH
  • Keysight Technologies
  • National Instruments Corp
  • Rockwell Automation Corporation

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Growth Drivers
The data acquisition system market has observed extensive developments in the last few decades supported by various factors such as major players’ initiatives, including partnerships, product launches, mergers and acquisitions, and collaborations, among others. For instance, in July 2021, ELIN Motoren GmbH, an Austrian firm, has inked a sales contract with Dewesoft. As part of the final inspection method, the company has fully incorporated an obligatory vibration measurement of each produced machine – motor or generator.

Polaris Market Research has segmented the data acquisition system market report based on offering, speed, vertical, application, and region:

Data Acquisition System, OfferingOutlook (Revenue – USD Million, 2018 – 2030

  • Hardware
    • External chassis and modules
    • Plug-in I/O analog boards
  • Software
    • Bundled
    • 3rd Party

Data Acquisition System, Speed Outlook (Revenue – USD Million, 2018 – 2030

  • High-speed (>100 KS/S)
  • Low-speed (<100 KS/S)

Data Acquisition System, Vertical Outlook (Revenue – USD Million, 2018 – 2030

  • Automotive & Transportation
  • Aerospace & Defense
  • Power & Energy
  • Wireless Communications & Infrastructure
  • Environmental Monitoring
  • Healthcare
  • Food & beverage
  • Others

Data Acquisition System, Application Mode Outlook (Revenue – USD Million, 2018 – 2030

  • Research & Development
  • Field
  • Manufacturing

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