From 2022 To 2032, Demand For Industrial PCs Market Is Anticipated To Increase At A Strong CAGR Of 6% | FMI

The industrial PC market size was worth US$ 5 billion in 2021 and is expected to reach US$ 9.4 billion by 2032, increasing at a CAGR of 6% over the forecast period as indicated by the industrial PC market report by FMI.

IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing as more emphasis is placed on automation and IoT. Overall, the industrial PC market is expected to be worth US$ 6 billion by 2026.

Industrial PC manufacturers are aggressively leveraging the Industrial Internet of Things (IIoT) across multiple industries to maximise resources and prices, thereby opening up numerous industrial PC market opportunities. By utilising industrial PCs for data collection and management across a vast network of intelligent devices, they are able to automate manufacturing operations and generate a large volume of manufacturing data.

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Key Takeaways

• The manufacturing operations of many industries, including semiconductor, consumer electronics, and automotive, are predicted to grow dramatically in the APAC area.
• In the year 2021, the industrial PC market size in the United States was worth US$ 1.1 billion.
• China, the world's second-largest economy, is expected to reach a market capitalization of US$ 901.7 million by 2026, representing a 6.5 per cent CAGR over the study period as per the emerging trends in the industrial PC market.
• Japan and Canada are two other critical geographic markets, with forecasted growth rates of 3.5 per cent and 3.9 per cent, respectively, over the analysis period.
• Over the projection period, the Semiconductor & Electronics segment is expected to increase at a rapid pace.

"Manufacturing companies witness a high demand for industrial IoT as the manufacturing sector steadily moves toward digitalization with increased awareness of resource optimization in manufacturing firms, and robust regulatory necessities to safeguard protection and reliability in production plants are all driving market growth."-opines a FMI analyst.

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Key Segments

By Type:
• Panel IPC
• Rack Mount IPC
• Box IPC
• Embedded IPC
• DIN Rail IPC

By Sales Channel:
• Direct Sales
• Indirect Sales

By End-use Industry:
• Process Industries
• Discrete Industries

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.