Product Code: ETC4467685 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India data acquisition (DAQ) system market exhibited a gradual growth trend with a modest CAGR from 2020-2024. However, there was a notable decline in growth momentum between 2023 and 2024. Overall, the market expansion slowed down towards the end of the period, indicating a stabilizing trend.
Data acquisition systems are fundamental for collecting and analyzing data from various sensors and instruments across industries. In India, the DAQ system market is expanding to meet the needs of research, testing, and industrial applications. This includes the development of versatile and high-performance data acquisition solutions to support data-driven decision-making.
The India DAQ system market is propelled by the increasing need for real-time data acquisition and analysis across various sectors. Industries such as manufacturing, healthcare, and research are embracing DAQ systems to improve decision-making and operational efficiency. The demand for accurate and timely data is a key driver as organizations seek to gain a competitive edge.
The India DAQ system market faces several challenges, primarily concerning the adoption of advanced technologies. Many industries in India still rely on traditional data collection methods, which can be inefficient and costly. Transitioning to modern DAQ systems requires significant investment in infrastructure and employee training. Additionally, ensuring data security and compliance with evolving data protection regulations is a persistent challenge for businesses seeking to implement DAQ solutions.
The COVID-19 pandemic had a varied impact on India data acquisition (DAQ) system market. In some sectors like healthcare, remote monitoring, and research, the demand for DAQ systems increased to collect data related to the pandemic and support remote data acquisition. However, industries such as automotive and manufacturing experienced disruptions that temporarily reduced the demand for DAQ systems due to lockdowns and reduced production. The pandemic highlighted the importance of flexible and remote data acquisition solutions, and the market is expected to rebound and grow as industries adapt to changing needs and incorporate DAQ systems into their operations.
National Instruments, Keysight Technologies, and HBM are key players in the India DAQ system market, offering a diverse range of data acquisition solutions for industries ranging from automotive to aerospace and research.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Data Acquisition (DAQ) System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Data Acquisition (DAQ) System Market Revenues & Volume, 2021 & 2031F |
3.3 India Data Acquisition (DAQ) System Market - Industry Life Cycle |
3.4 India Data Acquisition (DAQ) System Market - Porter's Five Forces |
3.5 India Data Acquisition (DAQ) System Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 India Data Acquisition (DAQ) System Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Data Acquisition (DAQ) System Market Revenues & Volume Share, By Speed , 2021 & 2031F |
3.8 India Data Acquisition (DAQ) System Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Data Acquisition (DAQ) System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for real-time data analysis and monitoring in various industries |
4.2.2 Growing adoption of IoT devices and sensors driving the need for data acquisition systems |
4.2.3 Technological advancements leading to the development of more efficient and accurate DAQ systems |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with implementing DAQ systems |
4.3.2 Data security and privacy concerns hindering the adoption of data acquisition systems |
4.3.3 Lack of skilled professionals to effectively utilize and manage DAQ systems |
5 India Data Acquisition (DAQ) System Market Trends |
6 India Data Acquisition (DAQ) System Market, By Types |
6.1 India Data Acquisition (DAQ) System Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 India Data Acquisition (DAQ) System Market Revenues & Volume, By Offering, 2021-2031F |
6.1.3 India Data Acquisition (DAQ) System Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 India Data Acquisition (DAQ) System Market Revenues & Volume, By Software, 2021-2031F |
6.2 India Data Acquisition (DAQ) System Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Data Acquisition (DAQ) System Market Revenues & Volume, By R&D, 2021-2031F |
6.2.3 India Data Acquisition (DAQ) System Market Revenues & Volume, By Field, 2021-2031F |
6.2.4 India Data Acquisition (DAQ) System Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3 India Data Acquisition (DAQ) System Market, By Speed |
6.3.1 Overview and Analysis |
6.3.2 India Data Acquisition (DAQ) System Market Revenues & Volume, By High-speed (>100 KS/S), 2021-2031F |
6.3.3 India Data Acquisition (DAQ) System Market Revenues & Volume, By Low-speed (<100 KS/S), 2021-2031F |
6.4 India Data Acquisition (DAQ) System Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 India Data Acquisition (DAQ) System Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.4.3 India Data Acquisition (DAQ) System Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.4 India Data Acquisition (DAQ) System Market Revenues & Volume, By Power & Energy, 2021-2031F |
6.4.5 India Data Acquisition (DAQ) System Market Revenues & Volume, By Wireless Communications & Infrastructure, 2021-2031F |
6.4.6 India Data Acquisition (DAQ) System Market Revenues & Volume, By Environmental Monitoring, 2021-2031F |
6.4.7 India Data Acquisition (DAQ) System Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.8 India Data Acquisition (DAQ) System Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 India Data Acquisition (DAQ) System Market Revenues & Volume, By Others, 2021-2031F |
7 India Data Acquisition (DAQ) System Market Import-Export Trade Statistics |
7.1 India Data Acquisition (DAQ) System Market Export to Major Countries |
7.2 India Data Acquisition (DAQ) System Market Imports from Major Countries |
8 India Data Acquisition (DAQ) System Market Key Performance Indicators |
8.1 Percentage increase in the number of connected IoT devices in India |
8.2 Average time taken for data processing and analysis using DAQ systems |
8.3 Rate of adoption of cloud-based DAQ solutions in different industry verticals |
9 India Data Acquisition (DAQ) System Market - Opportunity Assessment |
9.1 India Data Acquisition (DAQ) System Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 India Data Acquisition (DAQ) System Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Data Acquisition (DAQ) System Market Opportunity Assessment, By Speed , 2021 & 2031F |
9.4 India Data Acquisition (DAQ) System Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Data Acquisition (DAQ) System Market - Competitive Landscape |
10.1 India Data Acquisition (DAQ) System Market Revenue Share, By Companies, 2024 |
10.2 India Data Acquisition (DAQ) System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |