The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the industrial data acquisitions system market’s growth in recent years?
The adoption of factory automation is expected to propel the growth of the industrial data acquisition system market going forward. Factory automation refers to integrating advanced machinery, robotics, artificial intelligence (AI), and digital technologies to automate production processes, optimize efficiency, and minimize human intervention in manufacturing environments. The increase in factory automation is due to the need to improve efficiency, reduce costs, enhance product quality, ensure regulatory compliance, and maintain competitiveness in the market. Automation in industrial data acquisition systems enables real-time collection, monitoring, and analysis of manufacturing data from various sensors and equipment, facilitating informed decision-making, process optimization, and predictive maintenance to enhance overall operational efficiency and productivity in industrial settings. For instance, in September 2023, according to a report published by the International Federation of Robotics, a Germany-based professional non-profit organization, in 2022, there were 553,052 industrial robot installations globally, reflecting a year-on-year growth rate of 5%. Regionally, 73% of newly deployed robots were installed in Asia, while Europe accounted for 15% and the Americas for 10%. Therefore, the adoption of factory automation is driving the growth of the industrial data acquisition system market.
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How does the future projection of the industrial data acquisitions system market size compare to its historical growth?
The industrial data acquisitions system market size has grown strongly in recent years. It will grow from $40.74 billion in 2024 to $43.42 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rising demand for wireless data acquisition systems, focus on industrial automation and digitization, stringent government regulations and standards, need for real-time monitoring and control, and demand for cloud-based data acquisition solutions.
The industrial data acquisitions system market size is expected to see strong growth in the next few years. It will grow to $55.27 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing complexity of industrial processes, expansion of industrial infrastructure, increased focus on energy efficiency and sustainability, rise in demand for predictive maintenance solutions and need for improved process efficiency and productivity. Major trends in the forecast period include technological advancements in data acquisition systems, increasing adoption of IoT and Industry 4.0 technologies, integration of AI and machine learning in data acquisition, expansion of industrial IoT ecosystems and product innovation.
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Which key players are shaping the future of the industrial data acquisitions system market?
Major companies operating in the industrial data acquisitions system market are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., TE Connectivity Ltd., Emerson Electric Co., Rockwell Automation Inc., Omron Corporation, Fluke Corporation, Keysight Technologies Inc., Endress+Hauser Group, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, Advantech Co. Ltd., National Instruments Corporation, Weidmüller Interface GmbH & Co. KG, Digi International Inc., Dwyer Instruments Inc., Omega Engineering Inc., Beckhoff Automation GmbH & Co. KG, Campbell Scientific Inc., Dataforth Corporation, DEWETRON GmbH, HBM Inc., Lufft GmbH, Moxa Inc.
What trends will propel the growth and evolution of the industrial data acquisitions system market?
Major companies operating in the industrial data acquisition system market are developing data-acquisition systems for ships, such as industrial data switch, to provide reliable, high-performance data connectivity for mission-critical operations in rugged environments. The Industrial Data Switch is a robust networking device designed to ensure reliable, high-speed data connectivity in challenging industrial environments. For instance, In June 2024, Red Lion, a US-based industrial network and automation technology company, launched the N-Tron NT116 unmanaged industrial Ethernet switch. This switch is specifically designed for industrial applications that require reliable performance in mission-critical environments subjected to harsh conditions. The NT116 delivers outstanding reliability and efficiency for data acquisition, Ethernet I/O, and process control. Housed in a robust metal enclosure, the compact unit features 16 high-performance copper ports (10/100BaseTX RJ45) and is engineered to withstand high shock and vibration. Each port is equipped with built-in ESD and surge protection, providing users with an impressive MTBF rating of 1.2 million hours, all in a slim, space-efficient design that operates effectively in temperatures ranging from -40°C to 85°C.
Which regions are expected to become dominant players in the industrial data acquisitions system market?
North America was the largest region in the industrial data acquisitions system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial data acquisitions system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the industrial data acquisitions system market, and how are they evolving?
The industrial data acquisitions system market covered in this report is segmented –
1) By Type: External Chassis And Modules, Plug-In Analog I/O boards, Software
2) By Channel: Less Than 32, 32-128, Greater Than 128
3) By End-User Vertical: Water And Waste Treatment, Power And Energy, Automotive, Education And Research, Aerospace And Defense, Paper And Pulp, Chemicals, Other End-User Verticals
Subsegments:
1) By External Chassis And Modules: Rack-Mounted Chassis, Benchtop Chassis, Modular I/O Systems, Integrated Chassis And Modules
2) By Plug-In Analog I/O Boards: Single-Ended Analog I/O Boards, Differential Analog I/O Boards, Voltage Measurement Boards, Current Measurement Boards, Temperature Measurement Boards
3) By Software: Data Acquisition Software (DAQ Software), Signal Processing Software, Data Analysis And Visualization Software, Control And Automation Software, Real-Time Monitoring Software
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How is the industrial data acquisitions system market defined, and what are its core characteristics?
An industrial data acquisition system is a comprehensive technology and service framework used in industrial settings to collect, process, and analyze real-time data from machinery, equipment, and methods, enabling monitoring, control, optimization, and decision-making. It enhances industrial efficiency, productivity, and reliability by identifying faults, optimizing processes, ensuring safety, and facilitating compliance with regulatory standards.
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