Industrial PC Market to Hit USD 8.17 Billion by 2030 as a Result of Global Expansion of Manufacturing Coupled with Emergence of Industry 4.0 and Smart Manufacturing
Research Reports
Sep 25, 2023
As per SNS Insider’s research, the industrial PC market is thriving due to the convergence of multiple factors, including advancements in technology, increased automation, connectivity demands, and the need for specialized solutions in various industries.
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The Major Key Company Profiles included in Industrial PC market study are:
- Avalue Technology
- American Portwell Technology
- Beckhoff Automation
- IEI Integration Corporation
- Advantech
- Siemens
- Kontron S&T
- B&R Automation
- DFI
- Nexcom International
The industrial PC market, as per the SNS Insider report, achieved a valuation of USD 5.09 billion in 2022 and is projected to attain USD 8.17 billion by 2030, with an anticipated compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2030.
Market Report Scope
An industrial PC, often abbreviated as IPC, is a specialized type of computer designed to operate reliably and efficiently in industrial environments. Unlike typical consumer or office PCs, which are primarily intended for use in controlled indoor settings, industrial PCs are built to withstand harsh conditions, extreme temperatures, dust, humidity, vibrations, and other challenging factors commonly found in manufacturing plants, factories, and industrial settings. These robust machines play a crucial role in automation, process control, monitoring, and data collection within various industrial sectors.
Market Analysis
The industrial PC market is experiencing significant growth, driven by a variety of factors that reflect the increasing integration of technology into industrial processes. The Internet of Things (IoT) is transforming industries by connecting devices and sensors to gather valuable data. Industrial PCs are used to process and manage this data, facilitating predictive maintenance, remote monitoring, and improved decision-making. As IoT adoption continues to grow, so does the need for industrial PCs. In industries such as oil and gas, automotive design, and healthcare, advanced graphics and visualization capabilities are crucial. Industrial PCs with powerful graphics processing units (GPUs) are used for tasks like 3D modeling, simulation, and virtual reality applications, driving the demand for high-performance systems. Cybersecurity concerns in industrial environments have prompted the adoption of secure industrial PCs. Ensuring the integrity of data and protecting against cyber threats is a top priority, especially in critical infrastructure sectors like energy and utilities.
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The Industrial PC Market Segments and Sub-Segments are Listed Below:
BY TYPE
- Rack Mount
- Embedded
- Thin
- Panel
- Box
- DIN Rail
BY TECHNOLOGY
- Capacitive
- Resistive
BY SALES CHANNEL
- Direct Sales
- Indirect Sales
BY END-USER INDUSTRY
- Process Industries
- Discrete Industries
Impact of Recession
A recession can certainly pose challenges to the industrial PC market, primarily due to reduced capital spending and delayed projects. However, it’s essential to recognize that the impact can vary by industry and geographic region. Companies that adapt to the changing economic landscape, offer cost-effective solutions, and focus on long-term efficiency gains can weather the storm and emerge stronger when economic conditions improve.
Impact of Russia-Ukraine War
The Russia-Ukraine war has introduced various challenges and uncertainties to the industrial PC market. Supply chain disruptions, geopolitical tensions, and changes in demand patterns have all influenced the industry. As the conflict continues to evolve, industrial PC manufacturers will need to adapt to the changing landscape and explore new opportunities while managing the associated risks.
Key Regional Development
North America, particularly the United States, is a hotbed for technological innovation. This drives demand for industrial PCs as they play a crucial role in automation and smart manufacturing. European countries are known for their strong manufacturing base. Industrial PCs are vital for maintaining quality and efficiency in this sector, and investments in Industry 4.0 are driving growth. The Asia-Pacific region is witnessing rapid industrialization, particularly in countries like China and India. This leads to increased demand for industrial PCs across various industries.
Key Takeaway from Industrial PC Market Study
- In the dynamic landscape of industrial computing, the capacitive segment is poised to emerge as the dominant force in the market. Operators can use gestures, such as pinching and zooming, for intuitive interaction with industrial PCs. This enhances efficiency and productivity, as it simplifies complex tasks and reduces the learning curve for new users.
- In the realm of industrial computing, the process industries segment is set to play a pivotal role in driving the growth of the market. This segment encompasses a wide range of industries, including chemical, petrochemical, pharmaceutical, and food processing, among others.
Recent Developments Related to Industrial PC Market
- Cervoz, a leading player in the industrial-grade memory and storage solutions industry, has once again pushed the boundaries of technology with its latest announcement: the launch of their cutting-edge DDR5 Industrial Grade Modules.
- Panasonic’s TOUGHBOOK S1 rugged tablet is a game-changer for mobile workers, designed to withstand the toughest environments while delivering top-notch performance. Crafted with precision and durability in mind, this Android tablet redefines the way professionals in various industries operate on the go.
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Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 forces model
- PEST Analysis
- Industrial PC Segmentation, by type
- Industrial PC Segmentation, by technology
- Industrial PC Segmentation, by sales channel
- Industrial PC Segmentation, by end-user industry
- Regional Analysis
13.Company Profiles
14.Competitive Landscape
15.Conclusion
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