Data Acquisition (DAQ) System Market 2025

Data Acquisition (DAQ) System Market Size

The global data acquisition (DAQ) system market reached a value of nearly $1,913.21 million in 2024, having grown at a compound annual growth rate (CAGR) of 3.71% since 2019. The market is expected to grow from $1,913.21 million in 2024 to $2,484.70 million in 2029 at a rate of 5.37%. The market is then expected to grow at a CAGR of 5.21% from 2029 and reach $3,202.66 million in 2034. Growth in the historic period resulted from the rising adoption of IoT, increasing adoption of cloud services, surge in renewable energy adoption and growth of the automotive sector. Factors that negatively affected growth in the historic period were data security and privacy concerns. Going forward, development of 5G networks, growing industrial automation, integration with artificial intelligence and rising investment in smart cities will drive the growth. Factor that could hinder the growth of the data acquisition (DAQ) system market in the future include limited skilled workforce.

Data Acquisition (DAQ) System Market Drivers

The key drivers of the data acquisition (DAQ) system market include: Development Of 5G Networks The development of 5G networks is expected to propel the growth of the data acquisition (DAQ) system market going forward during the forecast period. 5G networks refer to the fifth generation of wireless communication technology that provides faster data speeds, lower latency and greater network capacity compared to previous generations (4G LTE). 5G networks provide ultra-fast data transfer rates, enabling data acquisition (DAQ) systems to collect, process and transmit large volumes of data in real time. This capability is critical for time-sensitive applications such as autonomous vehicles, industrial automation and remote monitoring systems. For instance, in January 2023, according to a report published by 5G Americas, a US-based trade organization, global 5G connections have reached 1.2 billion and are projected to grow to 1.9 billion by the end of 2023, further expanding to 6.8 billion by the end of 2027. Therefore, the development of 5G networks is driving the growth of the data acquisition (DAQ) system market in the forecast period.

Data Acquisition (DAQ) System Market Restraints

The key restraints on the data acquisition (DAQ) system market include: Limited Skilled Workforce Limited skilled workforce is expected to hamper the growth of the data acquisition (DAQ) system market during the forecast period. The complexity of integrating AI into existing data acquisition systems presents a significant barrier for businesses. Many organizations face challenges in adapting their legacy systems to accommodate advanced AI algorithms and data processing capabilities, requiring substantial investments in both time and resources. For instance, according to Randstand, a Netherlands-based human resource management company, while 75% of companies are adopting AI, only 35% of talent have received AI training in the last year, 71% of AI-skilled workers are men and just 29% women - a 42%point gender gap. Therefore, the limited skilled workforce will restrict the growth of the data acquisition (DAQ) system market in the forecast period.

Data Acquisition (DAQ) System Market Trends

Major trends shaping the data acquisition (DAQ) system market include: Growing Demand For High-Performance Measurement Solutions In DAQ Systems Companies in the data acquisition (DAQ) system market are prioritizing the development of advanced solutions, including next-generation bus-powered USB DAQ devices, to enhance their product offerings and meet the rising demand for high-performance data acquisition technologies. A USB Data Acquisition (DAQ) device is a compact and portable electronic system that uses USB (Universal Serial Bus) technology to connect sensors, instruments, or external devices to a computer for collecting, monitoring and analyzing data in real-time. For instance, in September 2024, Emerson, a US-based technology and software company, launched NI mioDAQ to enhance the capabilities of engineers working on complex electronic technologies, providing improved measurement performance and a streamlined setup process. The NI mioDAQ offers unique features such as high-speed, high-resolution measurements with up to 20-bit resolution and simultaneous sampling of up to 16 channels, all while offering seamless integration with popular software tools like LabVIEW and Python for efficient data logging and analysis. Next-Generation Data Acquisition (DAQ) Systems For Advancing Accuracy, Precision, And Industrial Applications Major companies operating in the data acquisition (DAQ) system market are focusing on developing advanced solutions, such as next-generation data acquisition, to enhance data accuracy and precision. Next-generation data acquisition (DAQ) is the advanced systems and technologies designed for faster, more accurate and versatile data collection, processing and analysis. For instance, in May 2024, Dewesoft, a Slovenia-based provider of data acquisition (DAQ) systems, launched IOLITE X, a cutting-edge data acquisition system for various industrial applications such as vibration monitoring, structural health assessment and dynamic testing. The IOLITE X data acquisition system features high-speed sampling of up to 200 kS/s per channel with 24-bit resolution, dual Gigabit Ethernet ports for flexible connectivity, a fanless rugged chassis suitable for industrial environments and is compatible with OpenDAQ, ensuring ease of integration and setup in various applications.

Opportunities And Recommendations In The Data Acquisition (DAQ) System Market

Opportunities – The top opportunities in the data acquisition (DAQ) system market segmented by type will arise in the PCI extensions for instrumentation (PXI) segment, which will gain $149.87 million of global annual sales by 2029. The top opportunities in the data acquisition (DAQ) system market segmented by component will arise in the hardware segment, which will gain $296.47 million of global annual sales by 2029. The top opportunities in the data acquisition (DAQ) system market segmented by speed will arise in the high-speed (>100 KS/S) segment, which will gain $389.45 million of global annual sales by 2029. The top opportunities in the data acquisition (DAQ) system market segmented by application will arise in the research and analysis segment, which will gain $164.28 million of global annual sales by 2029. The top opportunities in the data acquisition (DAQ) system market segmented by end-user will arise in the defense segment, which will gain $134.42 million of global annual sales by 2029. The data acquisition (DAQ) system market size will gain the most in China at $137.95 million. Recommendations- To take advantage of the opportunities, The Business Research Company recommends the data acquisition (DAQ) system companies to focus on advancing USB DAQ devices for market growth, focus on developing advanced DAQ systems for improved accuracy, focus on developing advanced suspension DAQ systems, focus on developing integrated DAQ ecosystems for efficiency, focus on enhancing flexibility and durability in DAQ modules, focus on PCI extensions for instrumentation (PXI) segment, focus on software segment for growth, focus on high-speed (>100 KS/S) segment for growth, expand in emerging markets, focus on expanding distribution channels through strategic partnerships, focus on developing value-based pricing strategies, focus on targeted digital marketing campaigns, focus on strengthening customer relationships through CRM, focus on asset condition monitoring segment for growth and focus on renewable and green energy segment for growth.