Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Are The Projected Figures for the Data Acquisition (DAQ) System Market in Coming Years?
The data acquisition (DAQ) system market has seen significant growth in the last few years, expanding from $1.91 billion in 2024 to $2.03 billion in 2025, steered along by a compound annual growth rate (CAGR) of 5.9%. This growth in the historic period was fueled by evolving telecommunication infrastructure, research and development in life sciences, growing demand for energy efficiency, and environmental monitoring and compliance, amongst others.
Within the next few years, the DAQ system market is anticipated to surge to $2.92 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.6%. This expected growth in the DAQ system market is likely to be propelled by increased demand for wireless DAQ solutions, advancements in wireless communication, precision agriculture and the expansion of telehealth services, amongst others. Major trends in the forecast period encompass advancements in sensor technologies, cloud integration for data storage and analysis and the push towards compact and modular DAQ systems.
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What Factors Are Driving The Data Acquisition (DAQ) System Market Growth?
Central to the growth of the data acquisition (DAQ) system market is the rising demand for automation across industrial sectors. The adoption of automated technologies to reduce errors, lower processing costs, and decrease the monotony of repetitive tasks is influencing the increased use of data acquisition (DAQ) systems. For example, Cavintek Inc., a US-based provider of workflow automation and productivity applications, reported in October 2023 that over 80% of business leaders were integrating productivity automation and expanding the use of remote labor, with 43% of firms intending to cut their workforce by applying automation technologies.
What Are the Dominant Segments Within the Global Data Acquisition (DAQ) System Market?
1) By Type: Peripheral Component Interconnect (PCI), LAN Extensions for Instrumentation (LXI) or Ethernet, VME Extensions for Instrumentation (VXI), PCI Extensions for Instrumentation (PXI), Universal Serial Bus (USB), Standalone
2) By Component: Hardware, Software
3) By Speed: High-speed (>100 KS/S), Low-speed (<100 KS/S)
4) By Application: Research and Analysis, Manufacturing and Quality, Asset Condition Monitoring, Design Validation and Repair
5) By End User: Aerospace and Defense, Energy and Power, Automotive and Transportation, Wireless Communication and Infrastructure, Water and Wastewater Treatment, Healthcare, Food and Beverages
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Which Are The Major Players Operating In The Data Acquisition (DAQ) System Market?
Key players in the data acquisition (DAQ) system market include Siemens AG, National Instruments Corporation, Keysight Technologies, ABB Group, Fortive Corporation, Emerson Electric Company, Rockwell Automation Inc., General Electric Company, Schneider Electric, Honeywell International Inc., and many others.
Which Emerging Trends Are Impacting the Data Acquisition (DAQ) System Market?
The drive towards product innovation is a key trend observed in the data acquisition (DAQ) system market. Companies are developing cutting-edge products to fuel their growth. For instance, Hottinger Brüel & Kjær, a Denmark-based company specializing in measurement and testing solutions, launched its data acquisition ecosystem HBK FUSION and HBK ADVANTAGE in November 2022. This new offering aims to streamline workflows for engineers involved in product development and certification while enhancing measurement efficiency.
What Is The Regional Outlook for the Data Acquisition (DAQ) System Market?
North America captured the largest share of the data acquisition (DAQ) system market in 2024. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. Other regions studied in the report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Insights Does The Data Acquisition (DAQ) System Market Report 2025 Offer?
The data acquisition (DAQ) system market research report from The Business Research Company offers in-depth information about global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The DAQ system is a computer-based measurement system that facilitates the understanding of electrical or physical phenomena like current, voltage, pressure, temperature, and sound by capturing and storing data for further analysis.
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