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The Industrial PC market size is forecast to increase by USD 1.75 billion between 2022 and 2027, accelerating at a CAGR of 6.29%. The growth of the market depends on several factors such as the growing demand for industrial PCs in digital signage, automation gaining prominence in end-user industries, and the growing popularity of modular PCs.
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The growing popularity of modular PC is a key driver boosting the market growth. The surge in technological advancements and innovations within the market has amplified the popularity of digital signage, encompassing billboards, video walls, perimeter LED boards, traffic lights, and LED matrix boards. In comparison to traditional signage, digital signage exhibits heightened effectiveness in capturing consumer attention. The management of digital signage is facilitated by industrial PCs. Users can generate, oversee, or schedule content for digital signage through an industrial computer. Virtually any file type can be uploaded by users, subsequently formatted, scheduled for playback, and stored according to requirements.
Moreover, end-users are also striving to enhance digital signage with more interactive content and the incorporation of novel technologies. The mounting demand for digital signage is anticipated to correspondingly augment the need for industrial computers. This, in turn, will augment the growth of the targeted market segment during the forecast period.
The panel segment is the Leading Segment to Dominate the Market
In 2017 industrial segment projected an annual revenue of USD 1.15 billion. The industrial sector comprises oil and gas, power, chemical and petrochemical, automotive, food and beverage, pulp and paper, machine tools, and pharmaceutical industries. Industrial panel PCs and embedded box PCs are the most widely used PCs in the industrial sector. With the growing computerization and modernization of production processes, process industries such as oil and gas, power, chemical and petrochemical, and water and wastewater treatment are moving toward industrial PCs. The growth in IoT in industries will further propel this demand which, in turn, will drive the market growth and trends during the forecast period.
Market - Revenue Share by Type Segment, 2017 - 2027.
APAC Holds a Prominent Position in the Market
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Favorable regulatory support has been the key driver in the adoption of clean energy sources in APAC. The demand for oil and gas and chemical and petrochemical in the region has been growing owing to rapid growth in population and industrialization. Power demand has been increasing rapidly in APAC. While coal continues to dominate the power mix in APAC, considerable development is being witnessed in power generation through natural gas, solar, and wind energy sources.
Moreover, several foreign investors are viewing the region as a lucrative market for setting up production units due to the easy availability of raw materials at competitive prices and the availability of affordable land. The growth in the chemical industry is expected to be a driver for the growth of the market in the region during the forecast period.
Market Size, By Region, Global, 2017 - 2027.
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The market is fragmented in nature. Some significant players include ABB Ltd. and ADLINK Technology Inc.
The market growth analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Advantech Co. Ltd., ASUSTeK Computer Inc., Avalue Technology Inc., Axiomtek Co. Ltd., Beckhoff Automation GmbH and Co. KG, Dell Technologies Inc., IEI Integration Corp., Intel Corp., Kontron AG, Lanner Electronics Inc., LEX COMPUTECH Co. Ltd., OMRON Corp., OnLogic Inc., Qisda Corp., Rockwell Automation Inc., Siemens AG, Syslogic Datentechnik AG, and Moxa Inc.
The Industrial PC Market, crucial for manufacturing firms, enhances production capacities, optimizes costs, and strengthens competitive positions. Efficiency is paramount in diverse sectors like oil & gas, metals & mining, and food & beverages, impacting profit margins. Manufacturers rely on industrial PCs for accurate manufacturing processes, ensuring productivity, quality, and uniformity while prioritizing safety. Cybersecurity concerns pose a challenge, necessitating awareness and robust security systems, including Industrial Control Systems Security (ICS).
The integration of Internet-enabled IPCs benefits various industries, from oil & gas and energy & power to food & beverage. With touchscreens, cost-effective products, and IoT devices, industrial PCs cater to diverse sectors, including refineries, developing economies in Asia Pacific, and critical applications in military and medical sectors. Automation vendors, OEMs, and end-users find value in IPCs for real-time control, operational intelligence, asset management, and workforce management, leveraging advanced technologies for seamless manufacturing operations.
The market research and growth report covers revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Industrial PC Market Scope |
|
Report Coverage |
Details |
Page number |
193 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.29% |
Market growth 2023-2027 |
USD 1.75 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.67 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., ADLINK Technology Inc., Advantech Co. Ltd., ASUSTeK Computer Inc., Avalue Technology Inc., Axiomtek Co. Ltd., Beckhoff Automation GmbH and Co. KG, Dell Technologies Inc., IEI Integration Corp., Intel Corp., Kontron AG, Lanner Electronics Inc., LEX COMPUTECH Co. Ltd., OMRON Corp., OnLogic Inc., Qisda Corp., Rockwell Automation Inc., Siemens AG, Syslogic Datentechnik AG, and Moxa Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market growth and forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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