Data Acquisition (DAQ) System Market Size, Global Industry Trends Forecast – 2026

Posted by Steve Stark on September 27th, 2023

The global data acquisition (DAQ) System market size is projected to reach USD 2.3 billion by 2026, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period.

Hardware type is expected to contribute the largest market share during the forecast period

Hardware is expected to lead the data acquisition system market during the forecast period. DAQ hardware is widely used due to its modular design and the possibility of arranging various combinations to satisfy a wide range of customized experimental setups. Additionally, the adoption of Ethernet is gaining momentum owing to factors such as interoperability and ease of integration, thereby fueling the demand for DAQ hardware.

The demand for DAQ hardware is rising as they are widely deployed in manufacturing applications—in both process and discrete, laboratory/R&D, automotive, and aerospace & defense markets. The external chassis and module increase productivity and performance in DAQ and control applications in industries. The continued migration to USB- and ethernet-based front-end systems that offer PC computing power and functionality is resulting in faster adoption rates, ultimately driving the market for external chassis and modules.

Aerospace & defense is expected to have the largest market share during the forecast period

The market for aerospace & defense vertical is expected to have significantly the largest market share during the forecast period. The growth of the DAQ system market for the aerospace & defense vertical is driven by the need for testing aircraft and their components with real-time monitoring features against various parameters and extreme environmental challenges.

DAQ systems play a vital role during various testing procedures in ensuring that the aerospace products and components meet the desired functional specifications. These tests are carried out during the design, development, and manufacturing stages of aerospace components and play an important role in confirming if aerospace components, subsystems, and complete flight systems meet the specified requirements. These factors have contributed to the increased demand for DAQ systems in the aerospace & defense vertical.

Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160241507

Asia Pacific to witness the highest growth in DAQ system market in terms of CAGR, globally

The market in APAC will grow at the highest CAGR during the forecast period. Rapid advancements in technologies, increasing manufacturing units, stringent regulatory policies pertaining to testing and measurement of products, strong government support towards manufacturing and adoption of new technologies such as AI and IoT, and significant presence of key industry players in the region are a few major factors driving the DAQ system market growth in APAC.