In-Vehicle Data Acquisition System Market Size, Share, Growth, And Industry Analysis, By Type (Hardware (Sensors, Measuring Instruments, etc.) Software), By Application (Automobile Parameter Test, Automobile Crash Test, Automobile Explosion Test, Others), Regional Forecast To 2031

Updated On: 08 April 2024

In-Vehicle Data Acquisition System Market Report Overview

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The global in-vehicle data acquisition system market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

In-vehicle data acquisition system is essential in any monitoring system since it collects data from various sensors in a PV system. The data is then digitalized for storage before being forwarded to the central controller for presentation and processing. The data acquisition system must be fully automated, with an A/D converter converting the AS (analogue signal) from the sensors to digital form. Signal conditioners must include amplifiers, switchable filters, and bridge sensors. There should be enough data channels to accommodate all of the instruments needed for a test. All channels should have a high information throughput capability of 50-100 kHz.

COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth

The eruption of COVID-19 has done act as a substantial restraint on some market in 2020, as businesses have been disrupted due to global government lockdowns. COVID-19 is a contagious disease that causes flu-like symptoms such as fever, coughing, and difficulty breathing. National governments' efforts to limit transfer have led to a decrease in business growth and confined trade in goods and services, with nations entering a 'lock down' state. The COVID-19 had a neutral impact on the expansion of the worldwide in-vehicle data acquisition system market growth. The COVID-19 epidemic's spread had a significant effect on the world market. Important developments and economic forces affected the market development after the pandemic.

Latest Trends

"Significant Technological Advances to Intensify Market Magnification"

The in-vehicle data acquisition system market share is influenced by factors such as significant technological advancements, strong market adoption of automation, and early acceptance of advanced technologies. Furthermore, the movement in the manufacturing industry, as well as the presence of eager industry players, are likely to drive the in-vehicle data acquisition system market throughout the analysis period. Furthermore, tight regulatory standards for products testing and measurement, as well as strong government backing for the manufacturing industry and promotion of emerging technology including AI and IoT, drive demand for watches. Furthermore, increased manufacturing infrastructure spending and Cloud Service usage both contribute to the expansion of the in-vehicle data acquisition system market. The rising usage of automation and the growing power sectors will drive market expansion.

In-Vehicle Data Acquisition System Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into hardware (sensors, measuring instruments, etc.), software

Hardware is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into automobile parameter test, automobile crash test, automobile explosion test, others

Automobile parameter test are the leading part of the application segment

Driving Factors

"Increased Workforce Productivity to Boost Market Share"

The market is likely to increase as a result of increasing human machine interaction applications, which are expected to hold a considerable market share during the forecast. HMIs are utilized in a variety of settings, including process control, factory floor, machine health monitoring, and Industrial Automation, among others. The HIM solution increases operator efficiency while also providing insights into system maintenance and control. 

"Hardware Segment to Expand Market Forwarding"

During the projected period, hardware is expected to dominate the data acquisition system market. Because of its modular design and ability to accommodate a broad range of specialized experimental setups, the system hardware is widely employed. Furthermore, the usage of ethernet is gathering traction due to variables such as interoperability Knees of integration, creating a demand for acquisition system  gear. The need for system hardware is increasing as it is being used in manufacturing applications—both process and discrete, laboratory/ R&D, automotive, and aerospace and defense industry. The external chassis and module improve productivity and efficiency in industrial system and control applications.

Restraining Factors

"Associated Complexity to Deplete Market Advancement"

Buyers of system are price conscious, and they prefer low-cost in-vehicle data acquisition system with improved quality. However, the cost of in-vehicle data acquisition system is determined by critical criteria such as sensors, channel counts, and the need to design in-vehicle data acquisition system to withstand harsh working environments. The higher the cost, the higher the channels count and speed. The systems are growing more complex as a result of technological advances in their design and development. As a result, stronger testing skills are in demand, and manufacturers are constantly obliged to enhance their present technology in order to meet the demands of certain applications. In-vehicle makers must also advertise to numerous technical requirements, which raises the cost of the system.

In-Vehicle Data Acquisition System Market Regional Insights

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"Manufacturing Sector to Foster Market Growth in North America"

In North America the data is increasingly being utilized for output and connectivity with the wide range of manufacturing systems throughout the supply chain. The country is one of the world's largest automated markets, with around 13 major vehicle manufacturers. The automotive manufacturing business has been one of the country's main revenue sources in the manufacturing sector. The rising usage of controlling processes without human involvement is primarily reliant on data to offer instructions, and hence any slight misdirection may result in catastrophic consequences to the industry.

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.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Captronic Systems (India)
• Campbell Scientific (U.S.)
• Validyne Engineering (U.S.)
• DEWETRON (Germany)
• Assured Systems (U.K.)
• dSPACE (Germany)
• Dewesoft (U.S.)
• DTS (U.S.)
• HBK (Qatar)
• Elektrobit (Germany)
• FEV Group (Germany)
• Kistler Group (U.S.)
• AstroNova (U.S.)
• Computer Controlled Solutions Ltd (India)
• Noregon (U.S.)
• Link Engineering Company (U.S.)
• Vector (Germany)
• Intrepid Control Systems, Inc. (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

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, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.