Global Industrial Data Acquisition Systems Market 2016-2020

Overview of the industrial data acquisition systems market

According to the market research analysts at Technavio, the industrial data acquisition systems market will grow steadily and will post a moderate CAGR of more than 5% over the forecast period. The transition from traditional data acquisition systems to PC-based systems is one of the key factors driving the growth prospects for this market during the predicted period. Technological innovations have led to the development of PC-based data acquisition system. This transition provides flexibility to the end users, along with cost and time reduction. Moreover, in the PC-based data acquisition system, engineers can customize the software, based on the requirement, which increases their overall productivity.

In this industry research report, the analysts have deduced factors such as the development of cloud-based acquisition system to spur the growth prospects for this market over the next four years. With the majority of industries focusing on IoT, most of the devices like sensors are getting interconnected, generating large volume data that will be stored in the cloud. The data stored in the cloud can be accessed anytime from a remote location using a mobile device. It has been observed that the cloud reduces the data storage cost by more than 50%. However, security has been a primary concern for the adoption of cloud-based data acquisition system. With advances in technologies, security standards have been developed, such as Wi-Fi WPA2 encryption and HTTPS secure socket, which is expected to reduce data breach, leading to this market’s growth in the future.

Competitive landscape and key vendors

The global industrial data acquisition systems market is highly competitive owing to the presence of several domestic, regional, and international vendors. The vendors provide both data acquisition software as well as hardware, and also independent hardware and software. To compete with the existing availability of low-cost data acquisition system in developing countries, large international vendors have established production plants in these countries. The competition among the vendors is likely to intensify with increasing mergers and acquisitions and market consolidation.

The leading vendors in the market are -

• AMETEK
• Keysight Technologies
• National Instruments
• Spectris
• Yokogawa Electric

Other prominent vendors in the market include ABB, Acromag, ADLINK Technology, Advantech, Alstom, Bruel & Kjaer, Campbell Scientific, Data Translation, DEWETRON, DynamicSignals, Emerson Electric, Fluke, General Electric, HIOKI, Honeywell, MathWorks, Measurement Computing, Pentek, Rockwell Automation, Schneider Electric, and Siemens.

Product segmentation and analysis of the industrial data acquisition systems market

• External chassis and modules
• Plug-in analog I/O boards
• Software

During 2015, the external chassis and modules segment dominated the market and accounted for close to 73% of the market share in terms of revenue. The modular data acquisition system is equipped with flexible software and efficient signal conditioning and analogue-to-digital converter. Efficient signal conditioning provides high accuracy, removal of noise, and safety. The flexible software enables a single data acquisition system to be used for multiple applications. These factors will aid in this segment’s growth until the end of 2020. 

Geographical segmentation and analysis of the industrial data acquisition systems market

• Americas
• APAC
• EMEA

The Americas led the global industrial data acquisitions systems market and is likely to reach more than USD 439 million by 2020. The US was the largest revenue contributor to the industrial data acquisition systems in the region. The growth of this market in the region is attributed to the adoption of data acquisition system in the electrical and automotive industries. Moreover, an augmented demand for industrial data acquisition system is expected from Brazil, Mexico, and Argentina, which is anticipated to drive this market’s growth in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global industrial data acquisition systems market?
• What are the key market trends impacting the growth of the global industrial data acquisition systems market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global industrial data acquisition systems market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global industrial data acquisition systems market?

Technavio also offers customization on reports based on specific client requirement.

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