High Speed Data Acquisition System: Introduction
- Data acquisition is the measurement, recording, analysing, and presentation of real-world phenomena. It covers electrical measurements such as voltage, current, and power, as well as sensor and transducer measurements such as temperature, level, strain, acceleration, vibration, humidity, pressure, flow, etc.
- High-speed DAQ equipment is used in laboratories to gather data using devices such as sensors or transducers and transfer it to digital systems that can analyse real-time systems
- This system offers advanced features such as multichannel or expedited data acquisition. This technology has applications in various systems, including facilities management, research and development, and other types of system analysis.
- Data acquisition system enable organizations to obtain valuable information in real time to enhance performance and efficiency. This technology provides major control over company processes and provides faster response to failure that may occur.
- Growing focus on data monitoring in end-use industries and growing implementation of industry 4.0 across automotive and manufacturing industries are likely to drive the high speed data acquisition system market during the forecast period
Rise in Demand from Automotive Sector Drives Market Growth
- Based on industry, the automotive segment is estimated to expand at a rapid pace during the forecast period. This growth is attributed to a rise in adoption of advanced technologies in the automobile and increased demand for autonomous vehicles in the last few years.
- This system majorly measure pressure, temperature, loads, and strains, and also monitor the vehicle data bus with general-purpose controller area network channels.
- For vehicle testing, this system reduces the total cost of instrumentation, reduces cable cost, minimizes vehicle modifications, and reduces sensor installation time
- Growing production of vehicles is a key factor boosting the market. For instance, according to the European Automobile Manufacturers' Association, in 2021, 79.1 million motor vehicles were manufactured across the world, an increase of 1.3% as compared to 2020.
North America Dominated Global High Speed Data Acquisition System Market
- In terms of region, the global high speed data acquisition system market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- North America dominated the global high speed data acquisition system market due to increasing demand from power and energy, automotive, and aerospace and defense sectors.
- The region has strong presence of key vendors of data acquisition system who contribute to the growth of the market. Some of the vendors include Dewesoft d.o.o., HBK, Siemens, B&K Precision Corporation, Dataq Instruments Inc., and Elsys AG.
- One of the major company, such as Dewesoft d.o.o., a provider of high-end data acquisition systems (DAQ) that operates in North America and other global regions, announced the launch of its cost-effective, totally distributed, high performance, and easy to use solution. The solution is used for various applications such as permanent condition monitoring of gearboxes, fans, blowers, motors, and other rotating machinery in automotive, mining, paper & pulp, iron, steel, chemical, facility management, and power production.
- The high speed data acquisition system market in Asia Pacific and Europe is expected to expand at a considerable pace during the forecast period due to a rise in number of industrial applications of DAQ system and an increase in adoption of advanced technologies in developing economies in Asia Pacific.
- On the other hand, the market in Middle East & Africa, and South America is expected to grow at a moderate pace during the forecast period
Key Players Operating in Global High Speed Data Acquisition System Market
The global high speed data acquisition system market was highly fragmented in 2021. Major players that actively participate in the market are consistently focused on development of new advanced products. Key manufacturers are committed to expand the business and develop innovative products through mergers and acquisitions.
Key players operating in the global high speed data acquisition system market are:
- B&K Precision Corporation
- Bestech Australia
- Dataq Instruments Inc.
- Dewesoft d.o.o.
- Diversified Technical Systems, Inc.
- Elsys AG
- HBK
- imc Test & Measurement GmbH
- Metromatics
- Siemens
- TMCS
- Vitrek, LLC
- Yokogawa Test & Measurement Corporation
Global High Speed Data Acquisition System Market: Research Scope
Global High Speed Data Acquisition System Market, by Offering
- Hardware
- Software
- Services
Global High Speed Data Acquisition System Market, by Channel
- 8 Channel
- 12 Channel
- 16 Channel
- 32 Channel
- 64 Channel
Global High Speed Data Acquisition System Market, by Industry
- Automotive
- Power and Energy
- Research and Development
- Manufacturing
- Pulp and Paper
- Steel Processing
- Aerospace and Defense
- Healthcare
- Water and Wastewater
Global High Speed Data Acquisition System Market, by Application
- Power Quality Monitoring
- Industrial Maintenance
- Battery Management
- Analog Measurements
- Data Recording
- Vehicle Testing
- Noise and Vibration Analysis
Global High Speed Data Acquisition System Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
