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IN-VEHICLE DATA ACQUISITION SYSTEM MARKET REPORT OVERVIEW
The In-Vehicle Data Acquisition System Market Size was US$ 1483 Mn in 2023 and is projected to touch US$ 2831.54 Mn By 2032, Exhibiting a CAGR of 6.6% During the Forecast Period.
Data from multiple sources can be measured, recorded, and analyzed using a system called a data acquisition system (DAS). A DAS collects data from the vehicle's sensors, which include those that monitor tire temperature, suspension movement, and engine performance, in motorsports. The product is useful for various work aspects which has helped the market growth. The recording of information measured while the car is operating for a more thorough examination at a later time is known as data acquisition. The product has increased demand by the customers due to its benefits. A system that gathers, stores, and evaluates sensor data from a car is called an in-car data acquisition system (DAS). The information is utilized to enhance the car's functionality.
Any monitoring system must have an in-car data collecting system since it gathers data from all of the sensors in a photovoltaic system. After being digitalized for storage, the data is transferred to the central controller for processing and presentation. An A/D converter must be used to convert the analog signal (AS) from the sensors to digital form as part of a fully automated data gathering system. Switchable filters, bridge sensors, and amplifiers are essential components of signal conditioners. The product has grown in a great aspect which has grown the product market. To accommodate every instrument required for a test, there should be an adequate number of data channels. The In-Vehicle Data Acquisition System Market has grown as a result of this aspect.
COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown
The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 had an effect on the growth of the in-vehicle data acquisition systems market. The market was specially impacted by the COVID-19 epidemic's spread. There was a great impact and the market was hampered in that time. The post-pandemic market development was influenced by significant developments and economic forces. The market was affected by the lockdown. Countries have entered a ""lock down"" stage as a result of national governments' attempts to restrict transfer, which have also stunted economic expansion and restricted commerce in commodities and services.
LATEST TRENDS
"Technological Advancement to Drive Market Growth"
Considerations including notable technological breakthroughs, robust automation adoption, and early adoption of cutting-edge technology all have an impact on the market share of in-vehicle data gathering systems. The product is in great demand due to the developments in technology. Over the course of the analysis period, the In-Vehicle Data Acquisition System Market is expected to be driven by the manufacturing sector's activity as well as the presence of enthusiastic industry players. There is an increased growth in the market. Industry growth will be fueled by the expanding power and automation industries.
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IN-VEHICLE DATA ACQUISITION SYSTEM MARKET SEGMENTATION
By Type
Based on type the global market can be categorized into Hardware (Sensors, Measuring Instruments, etc.) and Software amongst which the leading segment is the Hardware.
- Hardware: Hardware is one of the type of the In-Vehicle Data Acquisition System Market.
- Software: In-Vehicle Data Acquisition System has Software as one of the types.
By Application
Based on application the global market can be categorized into Automobile Parameter Test, Automobile Crash Test and Automobile Explosion Test amongst which the leading segment is the Men.
- Automobile Parameter Test: In-Vehicle Data Acquisition System are used in Automobile Parameter Test for their purpose.
- Automobile Crash Test: In-Vehicle Data Acquisition System are used in Automobile Crash Test to make their work easier.
- Automobile Explosion Test: In-Vehicle Data Acquisition System used in Automobile Explosion Test.
DRIVING FACTORS
"Increased Production to Boost the Market"
Applications for human-machine interaction are projected to account for a significant portion of the market during the forecast period, which is predicted to drive market growth. HMIs are used in many different contexts, such as factory floor operations, process control, machine health monitoring, and industrial automation. In addition to provide insights into system control and maintenance, the HIM solution boosts operator productivity.
"Utilisation of Resources to Expand the Market"
Due to factors like compatibility, the use of Ethernet is becoming more widespread, a need for acquisition system equipment due to the integration's knees. The utilization of system hardware in process and discrete manufacturing, R&D and laboratory applications, the automotive industry, and the aerospace and defense sector is driving up demand for it. In industrial system and control applications, the external chassis and module increase productivity and efficiency.
RESTRAINING FACTOR
"Complicated Technology to Impede Market Growth"
Channel count and speed increase with increasing cost. Technology advancements in system development and design are making the systems increasingly complicated. Consequently, there is a continuing need for more testing expertise, and manufacturers are required to improve their current technology to satisfy the requirements of certain applications. The cost of the system is increased since manufacturers of in-vehicles must also market to a multitude of technical specifications.
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IN-VEHICLE DATA ACQUISITION SYSTEM MARKET REGIONAL INSIGHTS
The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
"North America Dominating the Market due to Augmented Demand"
The utilization of data for production and connectivity with various production systems across the supply chain is on the rise in North America. The nation has one of the biggest automated markets in the world. An important industry in the manufacturing sector of the nation has been the automobile manufacturing industry. Automated process control is becoming more and more popular. Because this technology relies on data to provide instructions, even a small error could have disastrous effects for the sector.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF MARKET PLAYERS PROFILED
- Captronic Systems (India)
- Campbell Scientific (U.S.)
- Validyne Engineering (U.S.)
- Dewetron (Austria)
- Assured Systems (U.K.)
INDUSTRIAL DEVELOPMENT
July 2021: Dewesaft and the Austrian business ELIN Motoren GmbH inked a sales agreement in July 2021. The final inspection process includes a vibration measurement that is required for every equipment, motor, or generator that is produced by the company. The requirements for a viable DAQ system were to be portable, to measure electrical power and vibration with a single system (raw data), and to ensure that the data transfer to the KS Tornado testbed throughout the test was flawless. Dewesoft met its need and offered the appropriate remedy in the form of the DewesoftX data gathering software.
REPORT COVERAGE
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1483 Million in 2023 |
Market Size Value By |
US$ 2831.54 Million by 2032 |
Growth Rate |
CAGR of 6.6% from 2023 to 2032 |
Forecast Period |
2032 |
Base Year |
2023 |
Historical Data Available |
2019-2022 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
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What value is the In-Vehicle Data Acquisition System Market is expected to touch by 2032?
The Global In-Vehicle Data Acquisition System Market is expected to reach USD 2831.540 Mn by 2032.
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What CAGR is the In-Vehicle Data Acquisition System Expected to exhibit by 2032?
The In-Vehicle Data Acquisition System Market is expected to exhibit a CAGR of 6.6% by 2032.
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Which are the driving factors of the In-Vehicle Data Acquisition System Market?
Increased Production & Utilisation of Resources are some of the driving factors of the market.
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What are the key semiconductor In-Vehicle Data Acquisition System Market segments?
The key market segmentation that you should be aware of, which include, based on type the In-Vehicle Data Acquisition System Market is classified as Hardware (Sensors, Measuring Instruments, etc.) and Software. Based on application the In-Vehicle Data Acquisition System Market is classified as Automobile Parameter Test, Automobile Crash Test and Automobile Explosion Test.
