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Growth Opportunities in the Data Acquisition Market, Global, 2021–2028

Publisher Frost & Sullivan
Published Sep 13, 2024
SKU # MC19176197

Description

Growth Opportunities in the Data Acquisition Market, Global, 2021–2028


Fast Industrial Internet of Things Adoption is Driving Transformational Growth and Demand for Data Acquisition

In modern business operations, data is an essential factor in making crucial decisions. The drivers that contribute to the growth of the data acquisition (DAQ) market share a common thread—the need for more data analysis at every stage, from design to manufacturing and operations. Powerful factors drive this market, such as the widespread adoption of the Industrial Internet of Things (IIoT), the escalating costs of machine failure that necessitate conformance testing and design validation, and increasingly stringent government regulations. The high demand for multichannel measurement capabilities from end users, a consequence of the growing number of IIoT use cases, will be a major driver of market growth.

This Frost & Sullivan analysis focuses on the global data acquisition market and determines that the market size will have grown from $1.89 billion in 2021 to $2.18 billion in 2028, at a compound annual growth rate (CAGR) of 2.8%, with a base year (2023) negative growth rate of 5.7%.

North America and Europe have relatively mature markets, mostly driven by DAQ ecosystem part replacement, whereas Asia-Pacific sees the integration of newer DAQ systems, attaining a faster CAGR of 3.3%. Higher electric vehicle sales in the automotive sector and the growing presence of distributed DAQ in industries that deal with large objects, such as aerospace and defense and energy, will further renew market opportunities.

Table of Contents

    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Data Acquisition Industry
    • Scope of Analysis
    • Segmentation
    • Distribution Channels
    • Competitive Environment
    • Key Competitors
    • Growth Metrics
    • Growth Drivers
    • Growth Driver Analysis
    • Growth Restraints
    • Growth Restraint Analysis
    • Forecast Considerations
    • Revenue Forecast
    • Revenue Forecast by Application/Signal Type
    • Revenue Forecast by Region
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis
    • Pricing Trends
    • DAQ Applications
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Forecast Analysis
    • Growth Opportunity 1: Industrial IoT Solutions
    • Growth Opportunity 2: Multichannel DAQ
    • Growth Opportunity 3: DAQ in Conformance Testing and Design Validation
    • Best Practices Recognition
    • Frost Radar
    • Benefits and Impacts of Growth Opportunities
    • Action Items & Next Steps

Pricing

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