The global programmable logic controllers (PLC) market is expected to cross $46 billion by 2022

The global PLC market is expected to grow at a CAGR of more than 8.2% during the forecast period. The rise in smart cities that are characterized by extensive networking and high prevalence of personal mobility devices, including smartphones, tablets, and notebooks is enabling the implementation of modern programmable logic controllers frameworks, both at home and outside. Enterprise networking and increased defense and marine expenditures are also driving the automation trend and the demand for programmable logic controllers in allied industries. While virtualization and automation expenditure of market leaders in key industrial verticals will determine the growth of the market, the technology scope is likely to expand by developments in end-user markets, including defense and marine, electric utilities, and smart cities.

The competitive rivalry among vendors can be termed as moderate. While some vendors stay focused on certain end-users such as industrial automation, marine, and rail, many vendors have an extended product portfolio along with a wide array of integrable accessories and customization options.

Major vendors in the market are as followings

Schneider Electric
Rockwell Automation
Siemens
Mitsubishi
Omron
Other prominent vendors include ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson Electric, Yokogawa.

View report: PLC Market - Global Outlook and Forecast 2017 - 2022

https://www.arizton.com/reports/industrial-market-analysis/plc-market-analysis
Enterprise networking and remote access propelling the HMI-PLC technology

Rise of augmented reality (AR) and immersive experiences, increased prominence of PACs and PLC-based PACs, more portable and open industrial automation architectures are the latest trends that is going to drive the market growth during the forecast period. Further, System-on-Chip (SoC) FPGAs provide a smarter approach to the PLC architecture and thus, the increased adoption of SoC FPGAs in programmable logic controllers architecture is also going to boost the market.

Enterprise networking and remote access propelling the HMI-PLC technology, overwhelming rise in global industrial automation expenditure, rise of smart cities and need for intensive programmable logic controllers and sensor networks and PLC-controlled implementation for smart homes are among the major growth driving factors of the global market. The report also includes the growth restraints of the market.

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