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The need for remote monitoring and the growth of the Internet of Things are driving the need for wireless solutions. Miniaturization and power efficiency are also prioritized, allowing for integration into smaller systems. Modular solutions are becoming increasingly popular due to their scalability and flexibility. Predictive maintenance and increased reliability are made possible by enhanced diagnostics, which are also becoming increasingly common. For instance, in February 2021, Yokogawa Test & Measurement Corporation developed the DL950 ScopeCorder, which is a high precision data acquisition system. The two compatible input modules are the 720212, which is capable of reading data at 200 mega-samples per second (MS/s), and the 720256, which can read data from four input channels at 10 MS/s. Yokogawa had also released an optional flash acquisition function for the storage of high-sampling-rate data in embedded non-volatile memory.
The significance of cybersecurity features to safeguard private information in interconnected systems is on the rise. Additionally, the industry is seeing a change toward the use of cutting-edge materials and production processes to boost durability and performance. A growing emphasis on environmental sustainability, encouraging the creation of recyclable and energy-efficient signal conditioning technologies, is also a notable trend.
The process control application segment accounted for over 32% of the signal conditioning modules industry share in 2023, fueled by developments, including increased diagnostic capabilities, quicker reaction times, and increased accuracy
Industry size for signal conditioning modules crossed USD 1.4 billion in 2023 and is estimated to surpass USD 2.3 billion by 2032, due to the growing need to modify, enhance, or adapt electrical signals from sensors or other sources
Major signal conditioning module firms are ABB Ltd., Acromag, Inc., Advantech Co. Ltd., AMETEK, Inc., Analog Devices, Inc., Curtiss-Wright Corporation, Dwyer Instruments, Inc., and Moore Industries
North America held over 26% of the global signal conditioning modules market share in 2023, due to rising demand in the manufacturing, automotive, and electronics industries driven by the rapidly expanding industrial sector in China, India, and Japan.