The global DAQ system market size is estimated to grow from USD 1.7 billion in 2021 to USD 2.3 billion by 2026, at a CAGR of 5.5% – Yahoo Finance

The market has a promising growth potential due to growing adoption of DAQ systems and solutions especially in automotive & transportation, aerospace & defense and power & energy verticals along with others in the near future.
New York, Nov. 25, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Data Acquisition System Market with Covid-19 Impact Analysis by Offering, Application, Vertical And Region – Global Forecast 2026" – https://www.reportlinker.com/p05781518/?utm_source=GNW

Industry 4. 0 helps in the implementation of new digital technologies, such as IoT, cloud, and mobile computing, in the global manufacturing sector. In the aerospace and automotive sectors, Industry 4.0 has been adopted across the supply chain, from OEMs to small-time suppliers of components and parts. Industry 4.0 is helping OEMs develop and deliver products and equipment through digital transformation, replacing manual methodologies. The key driving factor for the application of Industry 4.0 is that it makes production technologies smarter by using sensors and other advanced manufacturing technologies. For example, in the aerospace sector, the adoption of Industry 4.0 technology enables faster data exchange and increases automation in the manufacturing of major aerospace components and electronics. It also increases connectivity among stakeholders, thereby increasing operational efficiency. In the automotive sector, the adoption of Industry 4.0 allows manufacturers to optimize their operations quickly and efficiently with continuous real-time tracking of manufacturing processes and resources.

The market declined in 2020, mainly due to the impact of COVID-19.The supply chains were disrupted in 2020 due to the lockdown imposed by various governments and labor shortages in these industries due to travel restrictions, which affected the DAQ system market.

Though the market has been impacted in 2020, it is expected to recover by 2021.

R & D: The largest segment of the DAQ system market, by application
R&D is expected to contribute to the largest market size in the DAQ system market.R&D is carried out by all resident companies, research institutes, universities, and government laboratories all over the world.

In R&D, DAQ systems acquire the component parameters and characteristics of prototypes and preproduction models.Heavy investments in R&D and the constant need for innovation and development of products are expected to grow the demand for DAQ systems in R&D applications.

Many countries in APAC, such as India, China, Japan, and the Republic of Korea, are heavily investing in R&D, which is likely to increase the demand for DAQ systems.

Automotive & transportation: The fastest-growing segment of the DAQ system market, by vertical
The DAQ system market for the automotive & transportation vertical is expected to grow at the fastest rate during the forecast period.The growing trend of technology-driven solutions and the rising need for real-time data monitoring and acquisition for various applications in the automobile & transportation industry fuels the growth of this industry.

The need to comply with government regulations with various design standards and functional specifications and the interest of OEMs in providing competent products, coupled with the growing demand from end users for advanced vehicles as well as testing of components and parts to overcome silos and reduce production time are the major factors driving the DAQ system market for the automotive & transportation vertical. The increasing trend of electric and hybrid electric vehicles is encouraging manufacturers to indulge in the development of novel DAQ systems for the testing of such vehicles.

North America has the largest market share in the DAQ system market
Increasing the adoption of automated technologies in process and discrete manufacturing is one of the major factors driving the growth of the DAQ systems market in North America.After China, the US manufacturing sector is the second-largest in the world.

The US is already at the forefront of major developments surrounding the emerging technologies of the Fourth Industrial Revolution (Industry 4.0). Adoption of smart technologies in the manufacturing sector to improve process efficiency, reduce downtime, and increase product quality is likely to create growth opportunities for the DAQ system market in the US.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 38%, Tier 2 – 35%, and Tier 3 – 27%
• By Designation: C-level Executives – 32%, Directors – 44%, and Others – 24%
• By Region: Europe – 35%, North America – 32%, APAC – 27%, and RoW – 6%
The report profiles key players in the global DAQ system market with their respective market share analysis. Prominent players profiled in this report are National Instruments Corp (National Instruments, US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK), Fortive (US), ADLINK Technology (Taiwan), AMETEK, Inc (US), Dewesoft d.o.o (Slovenia), Teledyne Technologies Incorporated (US), Yokogawa Electric Corporation (Japan). Other players include AstroNova Inc (US), Campbell Scientific Inc (US), Curtiss-Wright Corporation (US), Dataforth Corporation (US), Dewetron GmbH (Austria), Emerson Electric Co US), Gantner Instruments (Austria), General Electric (US), Graphtec Corporation (Japan), imc Test & Measurement GmbH (Germany), Hioki E.E. Corporation (Japan), Honeywell International Inc (US), MTS System Corp (US), Kistler Group (Switzerland), Rockwell Automation Corporation (US), Schneider Electric (France), and SEFRAM Instruments (France).

Research Coverage:
The report segments the DAQ system market and forecasts its size, by value, based on region (North America, Europe, APAC and ROW), by offering (Hardware, Software), by speed (high-speed(>100KS/S), low-speed(<100KS/S)), by application (R&D, field, manufacturing) and vertical (automotive & transportation, aerospace & defense, power& energy, wireless communications & infrastructure, healthcare, environmental monitoring, food &beverage and others).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the DAQ system market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the DAQ system market and provides them information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05781518/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

Companies split for many reasons, but creating value for shareholders is a common one.
The economist and adviser at Allianz SE says high inflation is here to stay.
Every retail investor wants to ensure a solid portfolio return. The only question is, how? The stock market produces a vast mine of data, that by its nature forms a barrier to access. Some investors take a path of low resistance, and follow one or more market legends. These legends are the giants of the investing world, people like Steven Cohen. The billionaire trader behind Point72 Asset Management has shown that he can survive the vicissitudes of Wall Street. After recovering from Federal inve
In this article, we discuss the 10 stocks that Warren Buffett is selling. If you want to skip our detailed analysis of these stocks, go directly to Warren Buffett is Selling These 5 Stocks. Warren Buffett, also known as the Oracle of Omaha, is one of the most well-known and successful investors of all time. […]
The telecom titan is partnering with the cable network giant to form a new media company. Here's why it's a boon for investors.
This year’s Thanksgiving will look much different from last year’s pandemic-tinged holiday. More Americans will travel this year, with the Transportation Security Administration predicting roughly 20 million air passengers the week of Thanksgiving. Is the Stock Market Open on Thanksgiving Day 2021?
The cryptocurrency's growing applications make it less susceptible to the interest rates.
BEIJING (Reuters) -China's foreign ministry on Thursday said it noted JPMorgan Chase Chief Executive Jamie Dimon's expression of regret for a remark he made about the country's ruling Communist Party and said it hoped media would stop "hyping" the issue. On Wednesday, Dimon said he regretted his remark at an event a day earlier that the Wall Street bank would last longer than China's Communist Party (CPC), moving quickly to try to prevent any longer-term fallout.
From electric vehicles to the metaverse to machine vision, these businesses are ripe with upside potential.
Minutes from the Fed's meeting earlier this month show that members of the central bank are prepared to increase rates sooner than previously anticipated if inflation remains high.
In this article, we discuss the 11 best pipeline and MLP stocks to buy. You can skip our detailed analysis of the industry and go directly to read the 5 Best Pipeline and MLP Stocks to Buy. MLPs mainly operate in the energy industry, especially in pipeline construction. In the initial months of the pandemic, […]
Pfizer Inc has sued a longtime employee for allegedly stealing "scores" of confidential documents, including some related to its COVID-19 vaccine, as she prepared to jump to a competitor. In a complaint filed on Tuesday in San Diego federal court, Pfizer said Chun Xiao Li breached her confidentiality agreement by uploading more than 12,000 files without permission to her personal accounts and devices from her company-issued laptop. The alleged materials include a Sept. 24 "playbook" containing internal assessments and recommendations about the Pfizer/BioNTech COVID-19 vaccine, Pfizer's relationship with its German vaccine partner, and presentations related to cancer antibodies.
The metaverse, which blurs the lines between the physical and digital worlds, has become a hot topic over the past year. The concept isn't new, since miniature metaverses already exist within multiplayer video games, virtual and augmented reality experiences, and social networking platforms. Two tech companies that are frequently mentioned in those conversations are Meta Platforms (NASDAQ: FB), the company formerly known as Facebook, and Roblox (NYSE: RBLX), the popular game creation platform.
In this article, we discuss the most recent investments of Bill Gates. If you want to skip our detailed analysis of these stocks, go directly to Bill Gates Portfolio: 4 Most Recent Investments. The Bill & Melinda Gates Foundation Trust manages the endowment assets of the Bill & Melinda Gates Foundation, a private foundation founded […]
Visa delivered strong revenue and earnings growth in fiscal year 2021 in spite of COVID headwinds. And the company could fare even better in the next fiscal year.
The market's moving higher this year, but three blue chips happen to be laggards. They're cheaper than you think.
In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman’s hedge fund. You can skip our detailed analysis of Yacktman’s investment career and his hedge fund, and go directly to read the 5 Dividend Stocks to Buy According to Donald Yacktman’s Hedge Fund. Donald Yacktman’s investment career spans over 30 […]
Reporting third-quarter earnings this morning before the opening bell, Nano Dimension (NASDAQ: NNDM) is giving investors an extra something to be thankful for. As of 1:27 p.m. ET today, shares of the 3D printing stock are up 12.5%. Reporting revenue of $1.34 million for Q3 2021, Nano Dimension achieved a 107% increase over the $438,000 that it booked during the same period last year.
In this article, we will take a look at the 10 stocks in focus after posting their financial results. You can skip our detailed analysis of these companies, and go directly to the 5 Stocks in Focus After Posting Their Financial Results. Notable tech companies, including Dell Technologies Inc. (NYSE:DELL), Autodesk, Inc. (NASDAQ:ADSK), and HP […]
Tesla CEO Elon Musk is back selling shares. All the new sales took place on Tuesday and are part of a prearranged plan to exercise expiring management stock options.

source

Leave a Comment