India Data Acquisition System Market Outlook to 2028

India Data Acquisition System Market Overview

The India Data Acquisition System (DAS) Market has shown growth over the past few years. The global DAQ market was valued at USD 1.5 Billion in 2023. This growth is driven by the increasing demand for industrial automation, the need for precise data collection and analysis in various sectors, and advancements in technology that make DAS more efficient and user-friendly.

Key players in the India Data Acquisition System market include National Instruments, Yokogawa India, td., Honeywell International Inc., Siemens AG, and Schneider Electric. These companies have established strong market positions through extensive R&D, innovative product offerings, and strategic partnerships.

In 2023, National Instruments announced an upgrade to its Compact DAQ product line, enhancing its data processing capabilities and integration with cloud-based analytics tools. This development is set to revolutionize how industries leverage data acquisition systems for real-time decision-making.

The western region of India, particularly the state of Maharashtra, dominates the Data Acquisition System market. The state's dominance can be attributed to its robust industrial base, including the automotive, pharmaceutical, and manufacturing sectors, which are adopters of DAS technologies.

India Data Acquisition System Market Segmentation

The India Data Acquisition System Market is segmented into distribution channels like product type, application, and region.

By Product Type: The India Data Acquisition System market is segmented by product type into hardware, software, and services. In 2023, the hardware segment dominates due to the widespread use of sensors, data loggers, and other physical components necessary for data acquisition.

By Application: The market is segmented by application into manufacturing, automotive, healthcare, and others (aerospace, defense, and telecommunications). In 2023, the manufacturing sector dominates the segment due to the adoption of DAS in manufacturing is driven by the need for precision, quality control, and process optimization.

By Region: The Data Acquisition System market in India is segmented by region into North, South, East, and West. In 2023, the West region, particularly Maharashtra dominates due to the region's strong industrial base, coupled with a favorable business environment and the presence of several technology companies

India Data Acquisition System Market Competitive Landscape

Company Name

Establishment Year

Headquarters

National Instruments

1976

Austin, Texas, India

Yokogawa India Ltd.

1915

Tokyo, Japan

Honeywell International Inc.

1906

Charlotte, NC, India

Siemens AG

1847

Munich, Germany

Schneider Electric

1836

Rueil-Malmaison, France

Advantech Co. Ltd.: Advantech Co., Ltd. announced a collaboration with Reliance Industries in 2023 to deploy advanced data acquisition systems across Reliance's manufacturing units. The collaboration aims to enhance data collection and analysis capabilities, driving operational efficiency.

HBM's: HBM (Hottinger Baldwin Messtechnik Gmb H) launched a new product line of high-precision data acquisition systems in 2023. The new products are designed for applications in aerospace and defence, offering superior accuracy and reliability. Within the first year of launch, HBM secured contracts worth USD 24 Million, demonstrating strong market demand.

India Data Acquisition System Market Analysis

India Data Acquisition System Market Growth Drivers:

Increased Industrial Automation: The industrial sector in India is rapidly adopting automation to enhance productivity and operational efficiency. Investments in industrial automation are expected to reach USD 14.4 Billion by the end of 2024, driven by the need for precise data collection and process optimization.

Expansion of the Automotive Sector: The automotive sector in India is expanding rapidly, with production levels expected to surpass 30 million units by the end of 2024. The increasing complexity of automotive manufacturing processes necessitates the use of advanced data acquisition systems to ensure quality control, compliance, and efficiency.

Growth in the Renewable Energy Sector: India's renewable energy sector is growing at an unprecedented rate, with the capacity expected to reach 175 GW by 2024. The deployment of data acquisition systems is crucial for monitoring and optimizing the performance of renewable energy installations, including solar and wind farms.

India Data Acquisition System Market Challenges:

High Implementation Costs: One of the major challenges faced by the India Data Acquisition System market is the high cost of implementation. The average cost of deploying a comprehensive DAS solution in an industrial setup can range from USD 60,000 to USD 240,500, depending on the complexity and scale of the project. This substantial financial investment can be a deterrent for small and medium-sized enterprises (SMEs), limiting market penetration.

Data Security Concerns: The increasing integration of data acquisition systems with cloud and Io T technologies raises data security concerns. In 2024, cyberattacks targeting industrial data systems are expected to cause financial losses amounting to USD 3.6 Bn. Ensuring the security and integrity of data collected by DAS is crucial, and addressing these concerns requires substantial investment in cybersecurity measures.

India Data Acquisition System Market Government Initiatives:

Make in India Campaign: The Make in India campaign is a government initiative aimed at boosting manufacturing and industrial growth. In 2024, the government allocated USD 12 billion to support manufacturing units in adopting advanced technologies, including data acquisition systems. This initiative is expected to enhance the efficiency and competitiveness of Indian manufacturing, driving demand for DAS solutions.

Automotive Mission Plan 2026: The Automotive Mission Plan 2026 aims to position India as a global hub for automotive manufacturing. In 2024, the government announced incentives and subsidies worth USD 3 billion for automotive manufacturers to adopt advanced technologies, including data acquisition systems. This initiative is expected to boost the deployment of DAS in the automotive sector, enhancing production efficiency and quality.

India Data Acquisition System Future Market Outlook

The India Data Acquisition System market is expected to grow in the coming years. The market is also likely to shift towards more organized with established players and online platforms expanding their reach.

India Data Acquisition System Future Market Trends

Growth of the Industrial Internet of Things (IIo T): The integration of data acquisition systems with IIo T platforms is set to transform industrial operations. By 2028, the number of connected devices in industrial settings is expected to reach 1 billion, driving the demand for advanced DAS solutions. This growth will facilitate real-time monitoring, data analysis, and process optimization, enhancing overall productivity.

Expansion of Smart Manufacturing: The concept of smart manufacturing is gaining traction in India, with investments expected to reach USD 36 billion by 2028. Data acquisition systems will play a crucial role in this transformation by providing the necessary data for automation, quality control, and decision-making. The widespread adoption of smart manufacturing practices will drive the demand for advanced DAS
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