The Asia Pacific Data Acquisition System (DAQ) Market would witness market growth of 6.7% CAGR during the forecast period (2019-2025). Data acquisition (DAQ) is a method for measuring electrical or physical phenomena such as voltage, current, temperature, pressure, or computer sound. The DAQ device consists of sensors, DAQ measuring hardware and a computer with programmable applications. Compared to conventional measurement systems, PC-based DAQ systems use the processing power, productivity, display and networking capabilities of industry-standard computers to provide a more efficient, versatile and cost-effective measurement solution.
Asia Pacific is a lucrative market for data acquisition systems due to support policy initiatives, increased industrial automation and broader acceptance of SCADA, PLC and HMI technologies. Governments in developing economies, such as India and China, are encouraging smart manufacturing through initiatives such as 'Make in India' and 'Made in China 2025'. For example, in 2018, the Chinese Government selected 97 pilot projects to introduce smart manufacturing projects under the Government's 'Made in China 2025' initiative to facilitate the deployment of the industrial IoT network. The robust growth of the network and manufacturing infrastructure in the area is fueling market growth. Major technology companies are widening their businesses in the area to support the increasing adoption of smart industries in the region.
Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Research & Analysis, Manufacturing & Quality, Asset Condition Monitoring and Others. Based on End User, the market is segmented into Aerospace Defense & Government Services, Energy, Automotive, Wireless Communication & Infrastructure and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Data Acquisition System (DAQ) Market in Asia Pacific is expected to register a CAGR of 6.7% during the forecast period (2019-2025)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Yokogawa Electric Corporation, Ametek, Inc., Fortive Corporation (Fluke Corporation), Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, Keysight Technologies, Inc., and National Instruments Corporation.
Market Segmentation:
By Component
By Application
By End User
By Country
Companies Profiled
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