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Data Acquisition (DAQ) System Market 2023 - Industry Insights, New Trends, Growth, And Forecast To 2032
Data Acquisition (DAQ) System Market
The Business Research Company's Data Acquisition (DAQ) System Global Market Report 2023 identifies increasing demand for automation is significantly driving the growth of the data acquisition (DAQ) system market. The majority of the industrial sectors are adopting automated technologies to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of data acquisition (DAQ) systems.
The global data acquisition (DAQ) system market size will grow from $1.77 billion in 2022 to $1.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The market size of the data acquisition (DAQ) system is expected to grow to $2.58 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the data acquisition (DAQ) system market are Siemens AG, National Instruments Corporation, Keysight Technologies, ABB, Fortive Corporation, Emerson Electric Co., General Electric, Schneider Electric, Honeywell, Agilent Technologies, Advantech Co. Ltd., Yokogawa Electric Corporation, Data Translation Inc., Campbell Scientific Inc., and Teledyne.
Product innovations are the key trends gaining popularity in the data acquisition (DAQ) system market. The market players are developing innovative products for their market growth strategy.
Read More On The Global Data Acquisition (DAQ) System Market Report Here:
https://www.thebusinessresearchcompany.com/report/data-acquisition-daq-system-global-market-report
The data acquisition (DAQ) system market is segmented -
• By Type: Peripheral Component Interconnect (PCI), LAN Extensions For Instrumentation (LXI)/ Ethernet, VME Extensions For Instrumentation (VXI), PCI Extensions For Instrumentation (PXI), Universal Serial Bus (USB), Standalone
• By Component: Hardware, Software
• By Speed: High-speed (>100 KS/S), Low-speed (
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