The "Industrial PC - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
COVID-19 Gives Industrial Automation & IIoT Special Significance. Industrial PCs Indispensable for Control & HMI to Reach $5.7 Billion
The global market for Industrial PCs is projected to reach US$5.7 billion by the year 2027, trailing a post COVID-19 CAGR of 4.7% over the analysis period 2020 through 2027. Industrial PCs (IPCs) are personal computers which are employed for industrial processes.
IPCs are therefore constructed to withstand use in industrial environments, which are characterized by dust, extreme temperatures, moisture, humidity, noise, power spikes, and vibration. Efficient and steady performance in tough environments is the main advantage offered by these PCs, with the potential to function in the temperature range of -40C to +80C. They generally comprise robust cooling fans in addition to dust filters and are more flexible in comparison to commercial PCs.
The growing need for automated process control has been spurring demand for industrial PCs. Industrial PCs leverage sophisticated instruction sets including x86. As compared to personal PCs, industrial PCs have a higher cost and are more efficient, reliable, consume lesser power, and have a prolonged service life. Industrial PCs use less power, as they function on batteries such as nickel metal hydride, nickel cadmium, or renewable sources such as wind or solar energy.
Industrial PCs are mainly employed for data acquisition and/or process control purposes. In certain areas, such PCs are employed as a front-end for another control computer within a distributed processing environment. While customized software can be used for a specific application, off-the-shelf packages such as LabView, Labtech Notebook, Wonder Ware, or TwinCAT can also be employed for basic programming.
The market in the post COVID-19 period is expected to benefit from the re-doubled focus shed on industrial automation and process control. Adoption of automation technology enables enterprises to gain from improved quality of manufactured products, superior employee work efficiency, increased yield and reduced material wastage, and savings on capital and operating costs. Besides the ongoing coronavirus crisis, the worldwide industrial sector is facing several other pressing challenges in the form of volatile raw material prices, harsh regulatory scenario, globalization-driven issues, and decreasing profitability.
In order to stay competitive, manufacturers are increasingly focusing on improving the efficiency of their operations and productivity by modifying and modernizing their production processes and infrastructure. Manufacturers are leaning towards automation of processes and systems that facilitate plant supervisors, managers, and engineers and workers monitor and manage plant operations in a more efficient and resourceful manner.
Competitors identified in this market include, among others:
Advantech Co., Ltd.
Beckhoff Automation GmbH & Co. KG
General Electric Company
Mitsubishi Electric Corporation
Rockwell Automation, Inc.
Schneider Electric SA
Key Topics Covered:
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Industrial PC Market in Short Term
An Introduction to Industrial PC
Key Characteristics of Industrial PCs
I/O Ports for Industrial Computers
Application Areas of Industrial Computers
Growing Focus on Automation Drives the Global Industrial PCs Market: Overview and Outlook
Analysis by IPC Type
End-Use Sector Market Led by Discrete Industries
Regional Market Analysis
Select Global Brands
Recent Market Activity
Global Competitor Market Shares
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Industrial PC Market to Gain from Automation Trend
Industry 4.0 & Smart Factory to Steer Future Expansion
Technology Innovations & Advancements Favor Growth
Sophisticated Features Establish Industrial PCs as Necessary Technology
Power-Tolerant Industrial PCs: Preventing Damage to Data & System during Power Outages
Artificial Intelligence Improves Industrial PCs
Consistent Efforts to Optimize Resources & Production Strengthen Manufacturers' Affiliation with Industrial PCs
Mobility in Manufacturing Enterprises Augurs Well
PC-based HMI Remains Popular in Industrial Environments
Relevance in Automotive Production & Assembly Units
Role of Industrial PCs in Oil & Gas Sector
Mining Environments Rely On Computing Power
Industrial PCs Aid Utilities Streamline Operations
Opportunities in Chemicals Sector
Industrial PCs in Aerospace & Defense Sector
Low Vulnerability of Defense Industry to Provide Impetus to Military End-Use Applications
Issues & Challenges
High Equipment Cost
Slow Adoption of Digital Systems
Data Privacy & Security
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/4e583m
View source version on businesswire.com: https://www.businesswire.com/news/home/20201204005212/en/
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