Data Acquisition System Market Analysis

Component (Hardware, Software)

The hardware segment is predicted to hold about 68% share of the global data acquisition (DAQ) system market.The movement towards USB and ethernet-based front-end systems, which provide PC processing power and functionality, is speeding up adoption rates. Hardware can be integrated into the motherboard or attached to the computer via a communication interface, such as a USB. The demand for this category is increasing as a result of these factors. The number of USB flash drives sold over the last few years has been fluctuating, with about 10.9 million units being sold in 2021. Compared with the previous year, this was a decrease.

Application (R&D, Field and Manufacturing, Asset Condition Monitoring, Design Validation & Repair)

data acquisition (DAQ) system market from the research & development application category is set to hold the greatest revenue share of about 38% during the forecast period. Committed test and measurement tools are necessary in R&D to ensure that the project performs in accordance with calculations and aids in problem-solving. Data acquisition systems are used in research and development to gather the component parameters and properties of prototypes and preproduction models. The US is expected to become the largest country in terms of R&D expenditures worldwide, with over 679 billion dollars spent on research and development by 2022. Research and development are estimated to be invested by China in around 554 billion U.S. dollars.

Our in-depth analysis of the global data acquisition (DAQ) system market includes the following segments: