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Press Release

Global Data Acquisition Hardware Market to Exceed $1.3 Billion in 2017, According to New Report by Global Industry Analysts, Inc.

>PRWEB.COM Newswire

San Jose, CA (PRWEB) August 24, 2011

Despite being an established concept with about 30 years of history in the instrumentation industry, the DAQ market continues to evolve owing to regular introduction of new technologies. Data acquisition finds use in diverse fields, ranging from monitoring agriculture applications to testing in automotive and aerospace industries. The technology has gradually evolved into the most vital constituent of the measurement market and represents an ubiquitous part of the entire instrumentation industry, while in the research and development (R&D) field, data acquisition technology is now an indispensable part for collection of physical measurement data.

Future DAQ devices are expected to continue leveraging and benefiting from advancements in technology across consumer electronics and computing industries. USB devices would witness greater adoption and rapid growth, while signal conditioning would be integrated more widely. Advanced synchronization technologies would enable customers to develop larger and more advanced DAQ systems. Regular cost reduction, the shift towards open software standards, and technological advancements leading to greater penetration of wireless data links and Ethernet/web enabled instrumentation is also likely to boost the DAQ market. Web-enabled instrumentation is expected to dominate the market in the near future, as stated by the new by the new market research report on Data Acquisition Hardware. In the long run, the DAQ market is likely to be driven by the fact that existence of common serial bus technologies such as Ethernet and USB eliminate the need for upgrades.

Worldwide DAQ system requirements are almost similar, with only slight variation in preferences across different regions. Performance, accuracy, quality and user-friendliness are the most desirable features across the world, with regional variances in terms of preference of one feature over the other. The US represents the largest DAQ market globally. However, Asia-Pacific is emerging as the new power center in the data acquisition market, a trend accentuated by the simultaneous robust growth in the region led by China and India and decline in Europe and North American markets. The region’s growth is spurred by the increasing trend of shifting manufacturing operations by large multinational corporations to Asia. Driven by these factors, the Asia-Pacific market for External Devices is forecast to grow significantly by 2015.

Major players profiled in this report include Adept Scientific Plc., ADInstruments, Agilent Technologies, Inc., BEI Sensors, Campbell Scientific, Inc., DATAQ Instruments, Inc., LUMEL S.A., Mantracourt Electronics Ltd., National Instruments Corporation, PRÜFTECHNIK Dieter Busch AG, Hottinger Baldwin Messtechnik GmbH, Red Lion Controls, Inc., Teledyne DALSA, and Yokogawa Electric Corporation.

The research report titled “Data Acquisition (DAQ) Hardware: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ Million for DAQ Hardware by two segments: External Devices and Plug-in Cards and Boards for major geographic markets including the US, Canada, Japan, Europe (France, Germany, UK, Italy, Rest of Europe), Asia-Pacific, and the Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Data_Acquisition_DAQ_Hardware_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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