Growing data analysis and monitoring requirements worldwide are expected to drive the global data acquisition hardware market. Data acquisition systems collect data from instruments and sensors located in remote sites, which is then transmitted to central control and monitoring site. Data acquisition system contains sensors, analog-to-digital converters, and signal conditioning circuitry. Sensors translate physical characteristics to electric signals. Analog-to digital converters convert data from analog values to digital values and vice-versa. Signal conditioning circuit translates sensor signal to digital value.
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Advancements in technology resulting in development of plug and play cards is anticipated to drive the data acquisition hardware market development over the forecast period. Data acquisition systems are increasingly being used by management for strategic decision-making. Additionally, growing real time data analysis requirements may further contribute to market growth. Increasing industrial automation requirements coupled with growing number of industries being set up in remote locations may further drive market demand. Growing amount of investments in infrastructure and renewable energy is anticipated to fuel the data acquisition hardware market. Further, reducing hardware cost coupled with open source data acquisition software availability is expected to propel market demand.
Data acquisition hardware is used in design validation and verification, research and analysis, diagnostics and repair, manufacturing and quality test, PC-based automation, and asset condition monitoring. Challenges to the data acquisition hardware market growth include increasing interfacing complexities, software compatibility issues, and signal conditioning complexities. Additionally, issues related to sampling rate, data accuracy, and data resolution may pose challenges to market expansion.
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Data acquisition components such as human machine interface, remote terminal units, programmable logic components, and data acquisition software are projected to contribute significantly to market growth. Data acquisition systems are increasingly being used in various industries such as oil & gas, power generation, manufacturing, etc.
Key players in the data acquisition hardware market include Honeywell International Inc., Emerson Company, Siemens AG, Schneider Electric SA, Rockwell Automation, ADwin, ABB Ltd., General Electric, Alstom SA, and HBM. HBM provides data acquisition systems such as MGC plus. The company launched a 400mbc per second capacity, GEN7ta data acquisition system in May 2015. ADwin in launched its ADwin-PRO data acquisition system for real time data acquisition and control in June 2015.
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