About the Industrial Data Acquisition Systems Market
Data acquisition systems collect data from field devices like sensors or transmitters on parameters such as temperature, voltage, current, sound, and pressure through a wired or wireless network. With powerful microprocessors, standalone data acquisition systems (which can perform data acquisition more efficiently) have emerged in the market. These systems are used in extreme environmental conditions, such as in temperature controlled chambers.The advances in wireless connectivity, such as LTE, WLAN 802.11ac, Bluetooth 4.0, and 4G, have led to a rise in adoption of wireless technologies and the development of inbuilt mobile data acquisition systems and wireless data acquisition systems. The need to measure the temperature or pressure of devices used in remote locations have paved the way for the development of data acquisition systems. The demand for these systems will drive market growth during the forecast period.
Technavio’s analysts forecast the global industrial data acquisition systems market to grow at a CAGR of 5.36% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial data acquisition systems market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of industrial data acquisition systems globally. The report does not include revenue generated from the aftermarket service of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Data Acquisition Systems Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial data acquisition systems market: AMETEK, Keysight Technologies, Spectris, and Yokogawa.
Other Prominent Vendors in the market are: ABB, Acromag, ADLINK Technology, Advantech, Alstom, Bruel & Kjaer, Campbell Scientific, Data Translation, DEWETRON, DynamicSignals, Emerson Electric, Fluke, General Electric, HIOKI E. E, Honeywell International, MathWorks, Measurement Computing, Pentek, Rockwell Automation, Schneider Electric, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the introduction of high speed data acquisition systems. The market finds availability of data acquisition systems that can be easily connected to the analog-to-digital-converter or digital-to-analog-converter and analog front end. For instance, a US-based electronics company, Texas Instruments, has developed a new highly integrated KeyStone-based 66AK2L06 System-on-Chip solution, which integrates the JESD204B interface standard. The end-users of these integrated systems are able to enhance the quality of the product and reduce power consumption by 50%.”
According to the report, a key growth driver is the growing use of Ethernet-based data acquisition systems. Vendors are now providing data acquisition systems integrated with Ethernet, thus enabling high speed data transfer and acquisition. Ethernet has become a major network protocol for data transfer in industries due to its low cost and ease of integration. The majority of the data acquisition systems use Ethernet/IP protocol for data gathering, as Ethernet/IP is a single network technology, which makes it easy to configure.
AMETEK, Keysight Technologies, Spectris, Yokogawa, ABB, Acromag, ADLINK Technology, Advantech, Alstom, Bruel & Kjaer, Campbell Scientific, Data Translation, DEWETRON, DynamicSignals, Emerson Electric, Fluke, General Electric, HIOKI E. E, Honeywell International, MathWorks, Measurement Computing, Pentek, Rockwell Automation, Schneider Electric, and Siemens.
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