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Data Acquisition System Market Share

Report ID: GMI9302
Published Date: Apr 2024
Report Format: PDF

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Data Acquisition System Market Share

Major players operating in the industry are:

Yokogawa Electric Company
ABB Group
AMETEK Inc.
Emerson Electric Co.
Fortive Corporation
General Electric (GE) Company
Honeywell International Inc.

Yokogawa Electric Corporation offers a comprehensive range of DAQ systems tailored for various industries such as process automation, test & measurement, and research. Its solutions offer high precision, reliability, and scalability, making them suitable for critical applications in sectors including energy, chemicals, and manufacturing. Teledyne Technologies Incorporated specializes in advanced instrumentation and digital imaging products including DAQ systems. Its offerings feature cutting-edge technology, high-performance capabilities, and seamless integration with other instrumentation and software platforms. Teledyne's DAQ solutions cater to diverse applications in the aerospace, defense, automotive, and marine industries.

Some major players in the market are National Instruments Corporation, Keysight Technologies, Yokogawa Electric Corporation, Teledyne Technologies Incorporated, Advantech Co., Ltd., HBM Test and Measurement, and Data Translation, Inc. They apply strategies such as product innovations, mergers, and acquisitions. Also, companies are involved in several growth & expansion strategies to gain a competitive advantage in the market.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Data acquisition (DAQ) system industry size was worth USD 2 billion in 2023 and is projected to expand at over 5% CAGR from 2024 to 2032, owing to the increasing adoption of IoT devices and sensors across numerous industries.

The software segment in the data acquisition (DAQ) system market is estimated to depict over 6% CAGR between 2024 and 2032, due to their ability to configure measurement parameters, setup data logging schedules, and manage data storage.

North America data acquisition (DAQ) system industry accumulated more than 33% revenue share in 2023 and is predicted to grow at notable CAGR between 2024 and 2032, on account of the continuous technological advancements driven by significant R&D investments.

Yokogawa Electric Company, ABB Group, AMETEK Inc., Emerson Electric Co., Fortive Corporation, General Electric (GE) Company, and Honeywell International Inc.