Industrial PC Market – For Industries and More
The Industrial PC market is evaluated at US$5.006 billion for the year 2019 and is projected to grow at a CAGR of 6.45% to reach a market size of US$7.756 billion by the year 2026.
Industrial PCs are the computers which are specifically manufactured for the industrial use. They are highly reliable and efficient and are designed to operate in the harsh environmental conditions such as high shock, high humidity, extreme temperatures, vibration among other conditions. They have longer product life cycle and the rise in the industrial automation globally are expected to drive the market growth of the industrial PC. Industrial PC are used personally and commercially, their variety of processes in the industrial sector include processing, storage, communication and it offers a flexible interface. Industrial PCs offer increased productivity, improved quality of the products, and reduced operational cost which are expected to augment the market growth of industrial pc.
The outbreak of the covid-19 pandemic and its subsequent lockdown globally impacted every industry and disrupted the distribution channel. The industrial pc market witnessed a positive impact as due to the lockdown and stay-at-home was mandated which led to the presence of a fewer number of workers thus, leading to the boom of the industrial automation and thus, industrial PCs. During the pandemic further advancements were noticed in the IoT, machine learning, and artificial intelligence thus leading to the automation in industries. According to a non-profit association Society of Manufacturing Engineers, North America, the pandemic has led to an increase in automation and robotics.
Market Players included in the report of the industrial pc market Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Siemens AG, Schneider Electric, Kontron S&T AG, Beckhoff Automation GmbH & Co. KG, Industrial PC, Inc., Lanner Electronics Incorporated, Advantech Co., Ltd.
Based on geography, the quantum dots market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. North America region is expected to hold the significant share and is expected to continue its dominance during the forecasted period. The technological advancement in the countries such as United States and Canada and the emergence of the e-commerce in the region. Further, the technologies are bringing the features such as real-time inventory visibility. The industry in the region is introducing more efficient ways to compete with the cost component of the competitive nations. The third largest industry, energy industry in the United States is attracting a large number of investments. For instance, according to Bloomberg New Energy Finance (BNEF), the United States is expected to invest nearly USD 700 million over the next 20 years in order to drive the renewable energy capacity, further driving the market for the industrial tablet PC market in the region.
While Asia Pacific region is expected to witness the highest growth in the market owing to the presence of large-scale manufacturing countries in the region like China, and with the growing penetration of IoT and artificial intelligence in the region, industrial automation in the region is expected to boost up leading to the growth of industrial PC market during the forecast period.
The industrial PCs by type is segmented as Embedded IPC, DIN-Rail IPC, Panel IPC, Box IPC, and Rack Mount IPC. Advantech announced new (C1) generation of its industrial panel PCs TPC-71W aimed at the machine automation and web-terminal applications.
TPC-71W is a cost-efficient, Arm-based industrial panel PC that features a 7” true-flat display with P-CAP multi-touch control and an NXP Arm Cortex[C4]-A9 i.MX 6 dual/quad-core processor to deliver high-performance computing.
While industrial PCs by end-user segmented as IT & Telecom, Chemical, Aerospace & Defence, Semiconductor & Electronics, Energy & Power, Automotive and Others
Rise in the automation in the manufacturing and industrial sector are one of the key factors that is boosting the market growth of the Industrial PC during the forecasted period. Various industries are adopting IoT technology. Industrial automation involves the usage of the industrial PC and robots to handle variety of the process. According to the prediction of the World Economic Forum (WEF) in 2019, 42% of the time spent on the manufacturing task in the industries will be automated by 2022. Oxford report released in 2019 stated that with the automation of manufacturing industry, there can be increase in turnover of $4.9 trillion every year by 2030. The various advantages provided by the industrial automation; the companies are being encouraged to adopt it at a faster pace. The increasing adoption of the industrial automation is expected to expand even further during the forecasted period thus boosting the market growth of the industrial PC market. However, the automation has negative impacts, for instance, According to Federal Reserve Bank, the application of the industrial robots is impacting the labour market of USA and the density of the industrial robots have increased from 0.49 robots per thousand workers in 1995 to 1.79 robots per thousand workers in 2017.
The rising trend in the automation is encouraging the players to focus and offer innovative trends to boost the market demand of the industrial PC and occupy a larger market share. There is requirement for the intelligent and smarter ways for transferring and storing the data especially in the industrial sector. Streamlining the operation through the single access point is becoming a requirement to improve the speed, accuracy a timely decision making thus resulting in the enhancement of the factory production, optimized computing performance for the production data analysis and increased operational efficiencies. Developed countries such as China, Brazil and India are focus on the manufacturing in order to increase their industrial output to drive forward and support their economy. Mitsubishi Electric Corporation expanded its MELIPC series by launching two new MI3000 model industrial PCs – MI3315G-W and MI3321G-W in 2019. These models were aimed to improve the productivity of the industries by the visualization of the data.
The technological advancement in the network and communication such as Bluetooth communication is enabling multiple connections, Wi-Fi network speed, all of which have been clinical in promoting the transition of the industry to a smart and connected one. Further, the Bring Your Own Device (BYOD) have aided the company in the industry to have their employees to be always connected to the data grid of the industry. BMW Group announced its partnership in 2019 with Beckhoff Automation where Beckhoff Automation will supply the industrial PC (IPC) technology to BMW Group for use in the manufacturing of the car through 2030.
Leave a ReplyWant to join the discussion?
Feel free to contribute!