PUBLISHER: TechSci Research | PRODUCT CODE: 1881635
PUBLISHER: TechSci Research | PRODUCT CODE: 1881635
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The Global Data Acquisition (DAQ) System Market, valued at USD 2.04 Billion in 2024, is projected to experience a CAGR of 5% to reach USD 2.73 Billion by 2030. A Data Acquisition (DAQ) system integrates hardware and software to measure physical or electrical phenomena, converting analog signals into digital data for processing, analysis, and storage. The market's expansion is fundamentally driven by the escalating demand for industrial automation, the imperative for real-time data analytics to support informed decision-making, and ongoing advancements in sensor technologies.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 2.04 Billion |
| Market Size 2030 | USD 2.73 Billion |
| CAGR 2025-2030 | 5% |
| Fastest Growing Segment | Manufacturing |
| Largest Market | North America |
Key Market Drivers
The Global Data Acquisition DAQ System Market is significantly propelled by industrial automation and Industry 4.0 adoption. The pervasive implementation of smart factories and interconnected operational environments inherently increases the volume and complexity of data requiring capture for process optimization, quality control, and predictive maintenance. According to the Manufacturers Alliance Foundation, in May 2024, 46% of U. S. -based mid to large-cap manufacturing companies had completed projects integrating robotic automation and AI into their processes, directly escalating the need for robust data collection infrastructure.
Key Market Challenges
A considerable initial investment for advanced Data Acquisition (DAQ) systems significantly impedes market expansion. This financial barrier makes such crucial technologies less accessible, particularly for smaller and medium-sized organizations that may lack the substantial capital required for implementation. Consequently, these prohibitive upfront costs lead to deferred or entirely foregone investments in new DAQ capabilities, which limits their potential for operational enhancements and improved decision-making.
Key Market Trends
The Global Data Acquisition (DAQ) System Market is experiencing a transformative shift with the deepening integration of advanced technologies. One significant trend is the increasing incorporation of artificial intelligence and machine learning directly into DAQ systems. This integration transcends basic data collection by enabling intelligent processing at the source for tasks such as predictive maintenance, anomaly detection, and enhanced quality control. It allows DAQ systems to not only capture vast amounts of data but also to interpret and act on it with greater autonomy and precision.
In this report, the Global Data Acquisition (DAQ) System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Data Acquisition (DAQ) System Market.
Global Data Acquisition (DAQ) System Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: