Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Industrial Data Acquisition Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Data Acquisition Systems is estimated at US$1.1 Billion in 2023 and is projected to reach US$1.3 Billion by 2030, growing at a CAGR of 3.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the industrial data acquisition systems market is driven by several factors. Firstly, the increasing complexity of industrial operations and the need for high-quality production outputs press industries to adopt advanced monitoring and data analysis solutions. Secondly, regulatory pressures and standards across various sectors demand rigorous process documentation and control, further propelling the need for IDAS. Technological innovations, particularly in wireless communications and sensor technologies, have also significantly reduced the cost and complexity of deploying these systems, thereby broadening their adoption across small and medium-sized enterprises.
Moreover, the rising trend towards automation and data-driven decision-making in manufacturing environments drives the demand for integrated data acquisition solutions capable of providing deeper insights into operational processes. These factors collectively ensure the continued relevance and expansion of the industrial data acquisition systems market, aligning with broader industrial digitization and efficiency goals.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the External Chassis & Modules segment, which is expected to reach US$968.3 Million by 2030 with a CAGR of a 3.3%. The Plug-In Analog I/O Boards segment is also set to grow at 2.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $286.5 Million in 2023, and China, forecasted to grow at an impressive 6.4% CAGR to reach $271.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd, ADLINK Technology, Inc., Advantech Co. Ltd, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Industrial Data Acquisition Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Need for Real-Time Data Monitoring Drives Adoption of Data Acquisition Systems
- Advances in Sensor Technology Propel Growth in Industrial Applications
- Increasing Focus on Automation and Efficiency Expands Market Opportunities
- Stringent Quality Standards Strengthen Business Case for Precise Data Acquisition
- Growing Trend of IoT and Industry 4.0 Spurs Integration of Advanced Data Systems
- Development of Wireless Data Acquisition Systems Boosts Flexibility and Scalability
- Enhanced Focus on Predictive Maintenance Influences Market Growth
FOCUS ON SELECT PLAYERS (Total 86 Featured)
- ABB Ltd
- ADLINK Technology, Inc.
- Advantech Co. Ltd
- AMETEK, Inc. - United Electronic Industries (UEI)
- Beijing GEMOTECH Intelligent Technology
- Curtiss-Wright Corporation
- DAQ Systems Co., Limited
- DATAQ Instruments, Inc.
- Emerson Electric Co.
- Hottinger Bruel & Kjaer GmbH (HBM)
- Keysight Technologies, Inc.
- National Instruments Corporation
- Omron Corporation
- Rockwell Automation Inc.
- Siemens AG
- Tektronix, Inc.
- Yokogawa Electric Co.
For more information about this report visit https://www.researchandmarkets.com/r/ul6875
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