Data Acquisition System is accounted for $1.61 billion in 2017 and is expected to reach $2.69 billion by 2026 growing at a CAGR of 5.9% during the forecast period. Increased emphasis on energy efficiency, resource optimization, and cost of production, rise of big data, IoT, and industrial revolution 4.0 and technological advancement in data acquisition system are the key driving factors for the market growth. However, mature market in North America and Europe are some of the factors hindering the market growth.
Data acquisition is the process of sampling signals that measure real world physical conditions and converting the resulting samples into digital numeric values that can be manipulated by a computer. Data acquisition systems, abbreviated by the acronyms DAS or DAQ, typically convert analog waveforms into digital values for processing. The components of data acquisition systems include Sensors, to convert physical parameters to electrical signals, Signal conditioning circuitry, to convert sensor signals into a form that can be converted to digital values and Analog-to-digital converters, to convert conditioned sensor signals to digital values.
Major Key Players of the Data Acquisition System Market are:
ABB Ltd, Agilent Technologies Inc, Ametek, Bruel & Kjaer Sound & Vibration, Campbell Scientific, Data Translation Inc, Emerson Electric Co, Genral Electric Co, HBM, Honeywell International, Keysight Technologies, Mathworks, National Instruments, Omron Corporation, Rockwell Automation, Siemens AG, Teledyne Technologies Inc and Yokogawa Electric Co.
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