Report ID:
SQMIG45I2215 |
Region:
Global |
Published Date: November, 2024
Pages:
194
|Tables:
0
|Figures:
0
Global Industrial PC Market size was valued at USD 5.35 Billion in 2022 poised to grow from USD 5.72 Billion in 2023 to USD 9.19 Billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Industrial PCs merge modern and traditional technology components with the laudable aim of integrating fully the industrial IoT edge network due to their all-inclusive I/O integration, multi-protocol capabilities, and upgradable designs. Industrial CPU's are designed to be compatible with not only the classic systems but also modern-day industry 4.0 hardware and software systems of operation known as cyber-physical systems, expanding global industrial PC market growth. As facility managers integrate output and input, industrial computers that are upgradeable and patchable provide more dependability and security to historically susceptible outdated equipment. Due to the strong demand for industrial IoT by manufacturing organizations and growing awareness of resource optimization in manufacturing firms, the global industrial PC market is anticipated to have considerable rise.
Display technology advancements in recent years, include LCD and OLED screens for industrial PCs. Further driving the panel computer market prediction is the increased demand for smart manufacturing solutions brought on by sophisticated technologies in the manufacturing sector, fast industrialization, and infrastructural development. Nevertheless, there are several key factors inhibiting the expansion of the global industrial PC market such as an expensive capital outlay and concerns regarding cyber security and data protection. The demand for automation in various sectors remains the foremost driver, which in turn calls for reliable and sturdy computer solutions. Industrial PC demand is expected to increase as firms prioritize improving operational efficiency and decreasing downtime.
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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The global industrial PC market is segmented based on type, sales channel, technology, and region. In terms of type, the market is grouped into panel, box, embedded din rail, din rail, rack mount, and others. Based on sales channel, the market is divided into direct and indirect. Based on the technology, the market is bifurcated into resistive and capacitive. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and Middle East & Africa.
Analysis by Type
As per categorization by type, the market is classified as panel, box, embedded din rail, din rail, rack mount, and others. Among these, the panel earned the largest share and continues to dominate the market. Panel-type PCs is dominant, due to their compact design, integrated touchscreens, and versatile applications in industries such as manufacturing, healthcare, and logistics. These allow for the creation of simple yet compact user interfaces that facilitate automation and increase the efficiency of operations and can also cope with adverse conditions. The market share of panel type IPCs cane be explained by their strong and embedded structure that integrates all the components required for human – machine interaction, positioning panel strongly in the global industrial PC market outlook.
Rack-mount PCs are projected to be the fastest-growing segment in the global industrial PC market due to their high performance, scalability, and suitability for data-intensive applications. These IPCs support complex automation functions, comprehensive data management, and networks efficiently where they fit specific standard server racks in telecommunications, energy, and manufacturing among other industries. With the growing trend towards Industry 4.0 and the entire IoT ecosystem, rack mount IPCs easily find their way into the current IT system for improved process control, predictive maintenance, and remote management. This upsurge can be attributed both to flexibility of rackmount IPCs and the growing demand for high processing capabilities and control in a single unit.
Analysis by Sales Channel
The direct sales channel is leading the global industrial PC market due to its tailored approach and efficient customer relationships, providing clients with customized solutions and technical support. Improvements in direct selling techniques comprise digital and mobile interactive platforms, online meetings, and swifter shipping options thus improving consumer experience and response time. This particular channel is advantageous for the sales of complex industrial PC configurations as it helps the manufacturers to interact better with industries such as manufacturing, health, and automation that have specific needs and require dependable back up. The direct sales model’s ability to provide full customization, personal attention, and technical know how makes it more popular.
The indirect sales channel is expected to be the fastest-growing segment in the global industrial PC market due to its expansive reach and ability to leverage established distributor networks. Joining hands with distributors, resellers, and system integrators, the manufacturers can explore various markets and industries without incurring any direct expenditure on the sales infrastructure. This makes it easier to reach a wider geographic scope, gives better access for small and medium enterprises, and quickens entry into new markets. The indirect channels also provide useful insights from industries enabling primary assistance and easier buying processes for the clients. The indirect channel is very critical in unlocking market potential and ensuring the growth of the business.
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Asia Pacific dominates the global industrial PC market due to rapid industrialization, technological advancements, and strong adoption of automation across manufacturing hubs like China, Japan, and South Korea. The dedication of this region to supporting the causes of the initiatives of Industry 4.0 as well as the integration of the IoT is a major factor in the consumption of industrial pc which are important in the automation of the production line, improvement of the processes, and management of significant data. Also, the availability of major electronics and semiconductor companies is a dairy contributor to regional supply chains, which helps in the mass, cheap and quick production of high-quality industrial PC. Government expenditure in smart manufacturing and IT smart policies implementation allow Asia Pacific to inhibit the expansion of the global industrial PC market industry.
North America is the fastest-growing region in the global industrial PC market, driven by rising adoption of advanced automation technologies and a strong emphasis on digital transformation across sectors like manufacturing, energy, and healthcare. There is rising adoption of industrial PCs by enterprises with the aim of improving productivity, accuracy in handling complicated processes and fostering organizational decision based on analytics. The growth is further enhanced by the good research and development composition of the region and the aggressive government subsidization of industrial automation. On the other hand, the other factor responsible for the increasing need for solid and integrated industrial PCs is the application of IoT and Industry 4.0 concepts which allows the use of advanced systems and complex data handling processes.
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Drivers
Automation Demand Across Industries
Expansion of IoT and Industry 4.0
Restraints
Rapid Technological Obsolescence
Compatibility Issues with Legacy Systems
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The competition present within the global industrial PC market is highly competitive as well as innovative amongst its major players. Companies such as Siemens, Advantech, Allen-Bradley, and Beckhoff Automation are among them who provide focused industry-oriented advanced solutions and vie for pole position. To meet the fast-paced developments in automation and smart manufacturing, Firms are Expanding Product Features Such as Ruggedness, Processing Power, Connectivity Among Others. Their market positions are also reinforced as a result of strategic alliances and collaborations which explore growth opportunities and new technologies in the industry.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, with the convergence of technologies and the growing need for automation in different industries, the global industrial PC market is expected to evolve tremendously. Advanced technologies like Digital Twins and image recognition are making industrial PC design more flexible, for instance, panel and rack-mounted industrial PCs which include integrating older systems into newer ones.
Nonetheless, challenges such as fast-changing technologies and issues regarding compatibility must be solved to enable continued growth in the market. As IOT, ai, and smart factories evolving in the core regions such as Asia Pacific region and North America which is growing at a healthy rate, the scope for industrial PCs appears to be quite optimistic in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.35 Billion |
Market size value in 2031 | USD 9.19 Billion |
Growth Rate | 7% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Industrial PC Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial PC Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial PC Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial PC Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45I2215
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