Global Automation Industrial Data Acquisition System Market Overview
As per MRFR analysis, the Automation Industrial Data Acquisition System Market Size was estimated at 3.34 (USD Billion) in 2022. The Automation Industrial Data Acquisition System Market Industry is expected to grow from 3.63(USD Billion) in 2023 to 7.7 (USD Billion) by 2032. The Automation Industrial Data Acquisition System Market CAGR (growth rate) is expected to be around 8.71% during the forecast period (2023 - 2032).
Key Automation Industrial Data Acquisition System Market Trends Highlighted
The global Automation Industrial Data Acquisition System (AIDAS) market is driven by the increasing demand for automation in industries, particularly in manufacturing, energy, and oil and gas. The rise of Industry 4.0, which emphasizes data-driven decision-making and process optimization, is fuelling the adoption of IDAS. Additionally, the proliferation of IoT devices and the need for real-time data monitoring and control in industrial settings are contributing to market growth.
Key market trends include the adoption of cloud-based IDAS solutions, which offer flexibility, scalability, and cost-effectiveness. Advanced analytics capabilities, such as predictive maintenance and anomaly detection, are becoming increasingly important as companies seek to optimize operations and reduce downtime. Furthermore, the convergence of operational technology (OT) and information technology (IT) is creating opportunities for seamless data integration and enhanced decision-making.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automation Industrial Data Acquisition System Market Drivers
Increasing Demand for Automation in Industrial Processes
The growing demand for automation in industrial processes is a major driver of the Automation Industrial Data Acquisition System Market Industry. As industries strive to improve efficiency, reduce costs, and enhance productivity, they are increasingly turning to automation solutions. Automation Industrial Data Acquisition Systems play a crucial role in this by providing real-time data collection, monitoring, and control capabilities.
These systems enable industries to optimize their processes, minimize downtime, and improve overall operational efficiency. The increasing adoption of automation technologies across various industries, including manufacturing, energy, and healthcare, is expected to drive the growth of the Automation Industrial Data Acquisition System Market Industry.
Advancements in Sensor Technology
Advancements in sensor technology are another key driver of the Automation Industrial Data Acquisition System Market Industry. The development of more accurate, reliable, and cost-effective sensors has enabled the collection of more granular and comprehensive data from industrial processes. These sensors can measure a wide range of parameters, such as temperature, pressure, flow, and vibration, providing valuable insights into the performance and health of industrial equipment. The integration of advanced sensors with Automation Industrial Data Acquisition Systems allows for more precise and real-time monitoring and control, further enhancing the efficiency and effectiveness of industrial processes.
Growing Adoption of Cloud-Based Solutions
The growing adoption of cloud-based solutions is also driving the growth of the Automation Industrial Data Acquisition System Market Industry. Cloud-based Automation Industrial Data Acquisition Systems offer several advantages, such as scalability, flexibility, and cost-effectiveness. These systems can be easily deployed and managed, allowing industries to access real-time data and insights from anywhere at any time. The ability to store and process large amounts of data in the cloud enables advanced analytics and machine learning applications, which can further optimize industrial processes and improve decision-making.
Automation Industrial Data Acquisition System Market Segment Insights:
Automation Industrial Data Acquisition System Market Component Insights
The component segment of the Automation Industrial Data Acquisition System Market is segmented into hardware, software, and services. The hardware segment is expected to account for the largest share of the market in 2023, owing to the increasing demand for sensors, controllers, and other hardware components used in industrial data acquisition systems. The software segment is expected to grow at a significant rate during the forecast period due to the increasing adoption of data analytics and IoT solutions in industrial applications. The growth of the market is attributed to the increasing adoption of automation and digitalization in the manufacturing and process industries.
The rising need for data-driven decision-making and the growing complexity of industrial processes are driving the demand for industrial data acquisition systems. The hardware segment of the Automation Industrial Data Acquisition System Market is expected to account for a revenue of USD 1.9 billion in 2023. The growth of this segment is attributed to the increasing demand for sensors, controllers, and other hardware components used in industrial data acquisition systems. The software segment is expected to grow at a CAGR of 9.2% during the forecast period.
The growth of this segment is driven by the increasing adoption of data analytics and IoT solutions in industrial applications. The services segment is expected to witness steady growth, driven by the demand for consulting, implementation, and maintenance services related to industrial data acquisition systems. The key players in the Automation Industrial Data Acquisition System Market include ABB, Emerson Electric, Honeywell International, Schneider Electric, and Siemens. These companies offer a wide range of products and services to meet the needs of industrial customers.
The Automation Industrial Data Acquisition System Market is expected to witness significant growth in the coming years. The increasing adoption of automation and digitalization in the manufacturing and process industries is expected to drive the growth of the market. The growing need for data-driven decision-making and the increasing complexity of industrial processes are also expected to contribute to the growth of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automation Industrial Data Acquisition System Market Application Insights
The Automation Industrial Data Acquisition System Market is segmented into Manufacturing, Energy and Utilities, Transportation, Healthcare, and Other Industrial Applications. Among these segments, Manufacturing holds the largest market share, followed by Energy and Utilities. The Manufacturing segment is expected to continue to dominate the market in the coming years, driven by the increasing adoption of automation in manufacturing processes. The Energy and Utilities segment is also expected to witness significant growth, driven by the need for efficient energy management and remote monitoring of power plants and distribution networks.
The Transportation segment is expected to grow steadily, driven by the growing demand for connected and autonomous vehicles. The Healthcare segment is also expected to witness significant growth, driven by the increasing adoption of automation in healthcare facilities. The Other Industrial Applications segment is expected to grow at a moderate pace, driven by the increasing adoption of automation in various industries such as mining, construction, and food and beverage.
Automation Industrial Data Acquisition System Market Data Acquisition Technology Insights
The Automation Industrial Data Acquisition System Market segmentation by Data Acquisition Technology comprises SCADA systems, PLCs, distributed control systems, embedded systems, and cloud-based data acquisition platforms. SCADA systems held the largest market share in 2023, owing to their extensive deployment in various industries for monitoring and controlling industrial processes. PLCs are also widely adopted due to their reliability and cost-effectiveness in data acquisition applications. Distributed control systems offer advantages such as scalability and flexibility, contributing to their growing adoption. Embedded systems are gaining traction in industrial IoT applications, while cloud-based data acquisition platforms provide remote access and data storage capabilities.
Automation Industrial Data Acquisition System Market Industry Verticals Insights
The Industry Verticals segment of the Automation Industrial Data Acquisition System Market is expected to witness significant growth in the coming years, with various industries adopting automation solutions to improve efficiency and productivity. The Automotive industry is expected to hold a significant share of the market, driven by the increasing demand for automated data acquisition systems in vehicle testing, manufacturing, and assembly lines. Similarly, the Aerospace industry is also witnessing the growing adoption of automation systems for aircraft design, testing, and maintenance.
The Pharmaceuticals industry is leveraging automation for quality control, process monitoring, and data analysis to ensure compliance and product safety. The Packaging industry benefits from automation in optimizing production lines, reducing waste, and improving product quality.
The Food and Beverage industry is also embracing automation for process control, inventory management, and ensuring food safety. Other industries, such as Mining and Chemicals, are also expected to contribute to the growth of the Automation Industrial Data Acquisition System Market by implementing automated data acquisition systems for monitoring and control purposes.
Automation Industrial Data Acquisition System Market Regional Insights
North America is expected to hold the largest market share in the Automation Industrial Data Acquisition System Market due to the presence of major players in the region and the high adoption of automation technologies. Europe is expected to follow North America in terms of market share, with a growing demand for automation solutions in various industries.
APAC is expected to witness significant growth in the coming years, driven by the increasing adoption of automation technologies in emerging economies such as China and India. South America and MEA are expected to have a relatively smaller market share but are expected to grow at a steady pace due to the increasing demand for automation solutions in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automation Industrial Data Acquisition System Market Key Players And Competitive Insights:
Major players in the Automation Industrial Data Acquisition System Market are constantly innovating and developing new technologies to gain a competitive edge. The Automation Industrial Data Acquisition System Market industry is highly fragmented, with a large number of players competing for market share. Leading Automation Industrial Data Acquisition System Market players are focusing on strategic acquisitions and partnerships to expand their product portfolio and geographical reach. The Automation Industrial Data Acquisition System Market is expected to witness significant growth over the forecast period, driven by the increasing adoption of automation and digitization in the industrial sector.
The competitive landscape of the Automation Industrial Data Acquisition System Market is characterized by the presence of both global and regional players.Yokogawa Electric Corporation, a leading player in the Automation Industrial Data Acquisition System Market industry, offers a comprehensive range of data acquisition products and solutions. The company has a strong presence in the Asia-Pacific region and is expanding its operations in other regions. Yokogawa Electric Corporation is focused on providing innovative and reliable data acquisition solutions to its customers. The company has a dedicated team of engineers and technicians who are committed to providing excellent customer support.Siemens AG, a competitor in the Automation Industrial Data Acquisition System Market, is a global leader in the field of automation and digitization.
The company offers a wide range of data acquisition products and solutions, including PLCs, SCADA systems, and industrial PCs. Siemens AG has a strong presence in Europe and the Americas and is expanding its operations in other regions. The company is focused on providing integrated automation solutions to its customers and is investing heavily in research and development to develop innovative products and technologies.
Key Companies in the Automation Industrial Data Acquisition System Market Include:
- Mitsubishi Electric
- Emerson Electric
- Tridium
- GE Digital
- Schneider Electric
- Yokogawa Electric
- National Instruments
- Yokogawa Electric Corporation
- ABB
- Advantech
- Honeywell International
- Beckhoff Automation
- Siemens
- Rockwell Automation
- Omron Corporation
Automation Industrial Data Acquisition System Market Industry Developments
The Automation Industrial Data Acquisition System Market is projected to reach a valuation of USD 7.7 billion by 2032, exhibiting a CAGR of 8.71% during the forecast period (2024-2032). The market's growth is primarily driven by the increasing adoption of automation solutions in various industries, such as manufacturing, oil and gas, and utilities.
Furthermore, the rising need for real-time data monitoring and analysis to improve operational efficiency and productivity is contributing to the market's expansion. Additionally, government initiatives promoting the adoption of Industry 4.0 technologies are expected to provide impetus to market growth.Recent news developments include the launch of new products and strategic partnerships among key players. For instance, in 2023, Rockwell Automation introduced a new line of data acquisition systems designed for harsh industrial environments. Moreover, the growing adoption of cloud-based data acquisition solutions is expected to fuel market growth in the coming years.
Automation Industrial Data Acquisition System Market Segmentation Insights
- Automation Industrial Data Acquisition System Market Component Outlook
- Hardware
- Software
- Services
- Automation Industrial Data Acquisition System Market Application Outlook
- Manufacturing
- Energy and Utilities
- Transportation
- Healthcare
- Other Industrial Applications
- Automation Industrial Data Acquisition System Market Data Acquisition Technology Outlook
- SCADA Systems
- PLCs
- Distributed Control Systems
- Embedded Systems
- Cloud-Based Data Acquisition Platforms
- Automation Industrial Data Acquisition System Market Industry Verticals Outlook
- Automotive
- Aerospace
- Pharmaceuticals
- Packaging
- Food and Beverage
- Others (Mining, Chemicals, etc.)
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.34(USD Billion) |
| Market Size 2023 |
3.63(USD Billion) |
| Market Size 2032 |
7.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.71% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Mitsubishi Electric, Emerson Electric, Tridium, GE Digital, Schneider Electric, Yokogawa Electric, National Instruments, Yokogawa Electric Corporation, ABB, Advantech, Honeywell International, Beckhoff Automation, Siemens, Rockwell Automation, Omron Corporation |
| Segments Covered |
Component, Application, Data Acquisition Technology, Industry Verticals, Regional |
| Key Market Opportunities |
Cloud-based data acquisition Predictive maintenance Advanced analytics IIoT integration Remote monitoring |
| Key Market Dynamics |
Rising automation adoption Industrial IoT advancements Predictive analytics need Growing smart manufacturing Cloud computing integration |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automation Industrial Data Acquisition System Market is anticipated to reach a valuation of 7.7 Billion USD by 2032.
The market is projected to grow at a CAGR of 8.71% from 2024 to 2032.
Factors driving growth include rising demand for automation in industrial processes, increasing adoption of Industrial IoT (IIoT), and government initiatives promoting industrial automation.
North America is expected to hold the largest market share, followed by Europe and Asia-Pacific.
Major applications include process monitoring and control, predictive maintenance, and energy management.
Key competitors include Siemens, Rockwell Automation, ABB, Emerson Electric, and Honeywell International.
Challenges include concerns over data security, lack of skilled professionals, and high implementation costs.
Emerging trends include the adoption of cloud-based solutions, artificial intelligence (AI), and machine learning (ML).
Growth opportunities lie in the increasing adoption of automation in emerging economies and the development of new applications.
Industry 4.0 is expected to drive significant growth in the market by increasing the demand for data-driven decision-making and automation.
