LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors for the global industrial data acquisition market in their latest research report from 2016-2020. To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market.
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“In 2015, the Americas dominated the global industrial data acquisition systems market, with the US leading the market. Globally, the US is the second largest motor vehicle and electricity producer in 2015, next to China. The presence of a large number of automobile and electrical companies and high adoption of data acquisition systems in the productions plants of these companies contributed to the growth of the market,” said Sunil Kumar Singh, one of Technavio’s lead analysts for automation.
Additional Technavio Insights: Key Vendor 2015 Revenue Comparison (Graph)
Top five leading vendors in the global industrial data acquisition market:
AMETEK
The company targets this market through its business unit named Electronic Instruments Group. This business unit offers analytical instruments for the research and laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. It serves the oil, gas, chemical and petrochemical, pharmaceutical, semiconductor, and factory automation industries. It also supplies power metering and monitoring products, industrial battery chargers, uninterruptible power supplies, electromagnetic compatibility test equipment, programmable power equipment, and sensors for gas turbine generators. In addition, it offers dashboard instruments for heavy trucks, military vehicles, and construction equipment.
Keysight Technologies
Keysight Technologies manufactures measurement and testing equipment and software. Its comprehensive product portfolio is focused on radio and electronics. This company also focuses on providing consulting, customization, and optimization services across the customer's product lifecycle. The company generated a revenue of $2.86 billion as of October 2015.
Keysight Technologies has a strong presence globally. In 2015, it generated 34.7% share of the total revenue from the US, 18.59% from China, 10.89% from Japan, and 35.82% from the ROW.
National Instruments
National Instruments manufactures virtual instrumentation software and automated test equipment. Its major applications include instrument control, data acquisition, and machine control. This company focuses on offering flexible solutions that help in accelerating productivity along with driving innovation. It has generated a revenue of USD 1.23 billion as of December 2015.
The company has a strong presence in almost 50 countries across the world. It sells and distributes software and hardware products mainly through its direct sales division. It also uses its OEMs, independent distributors, system integrators, VARs, and consultants to sell and market its products. As of December 2015, the company has accounted 62% of its total sales from outside the Americas.
Spectris
Spectris is a provider of productivity-enhancing instrumentation and controls. It has generated a revenue of USD 1.32 billion as of December 2015. It has also spent USD 98.54 million on R&D expenses in 2015, which is used for developing new and innovative products and technologies for maintaining the market leader position in the market.
The company targets this market through its test and measurement business unit. This unit focuses on supplying measurement, test, and analysis equipment and software, along with services for product design optimization, micro-seismic monitoring, manufacturing control, and environmental noise monitoring. It generated a revenue of USD 420.5 million as of December 2015. Its products are sold in regions such as North America, Asia, Europe, and other. It earned 43% of the revenue from Europe, 27% from Asia, and 26% from North America for FY2015.
Yokogawa Electric
Yokogawa Electric designs, manufactures, and sells various products, such as measurement solutions, control systems, and information technologies. It also offers office equipment and software products. The company engages in real estate property rentals and leasing business. It had generated a net sale of USD 3.45 billion as of March 2016.
The company targets this market through its test and measurement business unit. This business unit deals with test and measurement equipment such as waveform measuring instruments, optical communications measuring instruments, signal generators, confocal scanner units, and measuring instruments for electric power, temperature, and pressure. For FY2016, the test and measurement segment reported a revenue of USD 194.8 million, which accounted for 5.65% of the company’s total revenue.
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