What are the major driving factors and opportunities in the DAQ system market?

Posted by Steve Stark on November 30th, 2021

Increasing need for real-time data monitoring in automotive as well as aerospace verticals, rising demand for high speed technologies like 5G as well as shift towards industry 4.0 are the key drivers and opportunities for the market.

What is the size of the global DAQ system market?

The global DAQ system market is expected to be valued USD 1.7 billion in 2021 and projected to reach USD 2.3 billion by 2026, at a CAGR of 5.5%.

Who are the star players in the global DAQ system market?

Companies such as National Instruments Corp (National Instruments, US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK) & Fortive (US) fall under the star category. These companies cater to the requirements of their customers by providing customized products. Moreover, these companies have effective supply chain strategies. Such advantages give these companies an edge over other companies in the market.

What are the major strategies adopted by the key players?

Product launches and deals such as collaborations, partnerships and agreements are the major strategies adopted by the key players of DAQ system market.

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Which region contributes to the largest market share in DAQ system market during the forecast period?

North America contributes the largest market share in DAQ system market during the forecast period. .