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Industrial PC Market Emerging Trends, Key Players, Segmentation, And Forecast To 2033
Industrial PC Market Analysis
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industrial PC industry. This report on industrial PC market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The industrial pc market size has grown strongly in recent years. It will grow from $5.57 billion in 2023 to $5.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increase in automation and control, increased productivity, increased demand for ruggedness and durability, rise in machinery and equipment interface, demand for process optimization.
The industrial pc market size is expected to see strong growth in the next few years. It will grow to $8.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising remote monitoring and maintenance, rising demand for cyber security, rising demand for customization and flexibility, increasing regulatory changes, increasing demand in healthcare and medical devices sector. Major trends in the forecast period include industry 4.0 integration, edge computing, fanless design, touchscreen displays, and IoT connectivity.
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Key Market Players:
Advantech Co. Ltd., Beckhoff Automation Pvt. Ltd., Siemens AG., IEI Integration Corporation, Kontron AG, NEXCOM International Co Ltd., Avalue Technology Inc. are prominent players in the industrial PC industry.
Market Drivers:
According to the Industrial PC Market Report 2024 by The Business Research Company, The increase in usage of IoT is expected to propel the growth of the industrial PC market going forward. IoT refers to using network-connected sensors and other monitoring devices that help improve the manufacturing and quality of an organization's products and parts. Industrial PCs contribute to the provision of a platform for running automation software for monitoring and controlling processes in real-time applications. For instance, according to Cisco, a US-based company that manufactures IoT devices, there will be a 30% increase in IoT connections in cities and a 26% increase in M2M (machine-to-machine) connections in 2020. In addition, the increase of IoT semiconductor components is estimated to have a market size of 12% by 2025 in the industries in IoT analytics. Therefore, the increase in usage of IoT is driving the growth of the industrial PC market.
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Market segments for industrial PC include:
1) By Type: Panel IPC, Rack Mount IPC, Box IPC, Embedded IPC, DIN Rail IPC, Other Types
2) By Display Type: Resistive, Capacitive, Other Display Types
3) By Storage Medium: Solid State, Rotating
4) By Sales Channel: Direct Sales, Indirect Sales
5) By End-User: Automotive, Healthcare, Chemical, Aerospace and Defense, Semiconductor and Electronics, Energy and Power, Oil and Gas, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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