Data Acquisition Systems to Help in Real Time Decision Making - Schneider Electric, Honeywell International, Siemens AG, Rockwell Automation, MathWorks, and General Electric Among the Major Market Players

Aug 03, 2015, 03:00 ET from Mordor Intelligence LLP

BANGALORE, August 3, 2015 /PRNewswire/ --

Mordor Intelligence releases their report on the Global Data Acquisition (DAQ) Market segmented by Product Type (PCI, LXI, VXI, PXI, USB, Standalone) - By Architecture (Hardware, Software, Services) - By Component (HMI, PLC, RTU, SCADA) - By Geographical Region (North America, Europe, APAC, Middle East, Africa) -By Industry - Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2015-2020).

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The Global Data Acquisition (DAQ) Market is estimated at $2.26 billion in 2015 and is projected to reach $3.03 billion by 2020, at a Compounded Annual Growth Rate (CAGR) of 6.04% during the forecasted period 2015-2020.A Data Acquisition system is any instrument that acquires data from sensors, digitally converts it and stores it at a central location where it can be analyzed and processed. The system includes I/O subsystems, a host computer and controlling software. Over the past few years, demand for these has been increasing across various industry verticals.

The major factor driving the Data Acquisition market is an accelerating adoption of Ethernet, which is leading to growing confidence around interoperability and ease of integration. Moreover, increased demand in faster internet speeds from the end-users has led to the migration towards USB and Ethernet based solutions. Some other factors augmenting the market demand are changing customer and interoperability requirements, need for faster processing and improvement in open software standards. At the same time, lack of specialized skills and the security issues are hindering the growth of Data Acquisition market. The cost of implementation is also a primary concern impacting market growth.

The North American region is estimated to hold a major share of the global data acquisition market in 2015 followed by APAC and Europe. Supervisory Control And Data Acquisition (SCADA) communication system is projected to gain maximum traction during the forecast period as it is driven by increasing investments for infrastructure in emerging markets. The market for Aerospace &Defensesector holds the major share followed by Telecom &IT and Automotive.

The major segmentation in the report includes the market estimates by Product 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). The segmentation by Component includes market estimates for Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), SCADA Communication System. The report provides an in-depth analysis of the DAQ market across different Geographical regions namely North America, Europe, Asia Pacific Middle East and Africa along with further country-wise segmentation. The DAQ marketsegmentation in the report is also based onend-user industries such as Aviation &Defense, Telecom &IT, Chemicals, Power &Energy, Automotive, Transportation, Production, Food &Beverage, Water &Watershed Management and other industries with negligible market share.

The DAQMarket Report includes competitive vendor landscape while considering major companies such as ABB Ltd., Advantech, Agilent Technologies, Campbell Scientific, Data Translation, Schneider Electric, Honeywell International, Siemens AG, Rockwell Automation, MathWorks, General Electric, Omron, Alstom, Yokogawa Electric Co., Emerson Electric Co. and Others.

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SOURCE Mordor Intelligence LLP