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The industrial PC market share is expected to increase by USD 1.42 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6%.
This industrial PC market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial PC market segmentations by product (panel, rackmount, box, embedded panel, and others), end-user (industrial, transportation and traffic, healthcare, telecom and datacom, and others), and geography (APAC, Europe, North America, South America, and MEA). The industrial PC market report also offers information on several market vendors, including ABB Ltd., Advantech Co. Ltd., Avalue Technology Inc., Beckhoff Automation GmbH and Co. KG, DFI Inc., IEI Integration Corp., Kontron S and T AG, OMRON Corp., Rockwell Automation Inc., and Siemens AG among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing popularity of modular PC is notably driving the industrial PC market growth, although factors such as high cost and design complexity may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial PC industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial PC Market Driver
One of the key factors driving the industrial PC market growth is the growing popularity of modular PC. With changing end-user requirements, industrial PCs are also witnessing a change in terms of design and performance. Panel PCs are witnessing an increase in demand owing to the reduced availability of floor space in industrial and commercial facilities. With growing complexity in industries, vendors are offering industrial PCs that are rugged enough to handle dust, chemicals, high temperature, and moisture. Vendors are upgrading the hardware and software capabilities of their industrial PCs by equipping them with efficient processors, real-time communication capabilities, and drivers. The push from vendors toward developing advanced embedded platforms has increased considerably. Vendors are also developing processor technologies that can be used in embedded applications to deliver high performance, increase connectivity, and reduce power consumption. The availability of high-performance ARM processors that come at low costs and with improved power efficiency has increased, which has, in turn, helped companies to introduce a large number of microprocessor variants in the market. With vendors continuously working to improve the usability and aesthetics of PCs with new, improved features, industrial PCs are becoming highly modularized and dynamic, which is resulting in the higher adoption of industrial PCs.
Key Industrial PC Market Trend
Another key factor driving industrial PC market growth is the demand for industrial PCs in the wind and solar power monitoring. The growth in renewable energy sources has presented new application areas for embedded industrial PCs in solar and wind power generation. For instance, embedded industrial PCs are being increasingly used in wind farms, where these PCs act as the main controller of a wind turbine by monitoring its power feed, adjusting wind speed, recording data, and notifying errors. With the increasing adoption of automation in wind turbines, end-users prefer a combination of embedded PCs, EtherCAT fieldbus systems, and software so that they can have a single system for controlling tasks, grid synchronization, and system-wide communication. Embedded PCs offer a perfect solution as these are now fitted with advanced processors that help enhance their overall performance. With the growth in offshore wind farms, vendors are also offering solutions for remote monitoring in embedded PCs. For instance, Beckhoff Automation offers a multi-user web application for remote access to its CX5010 embedded PC. Solar and wind power generation capacity is expected to become viable in the coming years, which is expected to drive the demand for industrial PCs in solar and wind power generation.
Key Industrial PC Market Challenge
High cost and design complexity is one of the key challenges hindering the industrial PC market growth. Industrial PCs are costly in comparison to conventional PCs owing to their high upfront cost. These PCs also require a high level of integration with legacy devices in industries. The integration process is often complex owing to the compatibility of industrial PCs with updated automation and control technology. The availability of complex networking system components, control buses, routers, bridges, gateways, and other supporting devices such as actuators and sensors results in interoperability issues in systems. Besides this, industrial PCs involve high design complexity, which requires operators to have sound technical knowledge. For industrial PCs such as embedded ones, the need to effectively interlink hardware and software design further adds to design complexity. The design part of embedded industrial PCs includes architectural design, analysis, understanding of component characteristics. Moreover, at application-level, embedded industrial PCs must be able to deal with applications such as video, networking, and wireless.
This industrial PC market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global industrial PC market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial PC market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial PC market encompasses successful business strategies deployed by the key vendors. The industrial PC market is fragmented and the vendors are deploying growth strategies such as developing innovative products and are constantly increasing R&D investments to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial PC market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial PC market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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40% of the market's growth will originate from APAC during the forecast period. China are the key markets for industrial PC in APAC. Market growth in this region will be faster than the growth of the market in regions.
Favorable regulatory support will facilitate the industrial PC market growth in APAC over the forecast period. The demand for oil & gas, chemical and petrochemical in the region has been growing owing to rapid growth in population and industrialization. New investments in the oil and gas downstream sector have been registering strong growth owing to the need for energy security, which has led to new refinery and chemical and petrochemical projects. To improve connectivity, several transportation-related projects and several government-backed transportation infrastructure projects, particularly in electric railways, are expected to come online in APAC. The growth in the semiconductor industry in APAC will be led by China during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
However, the outbreak of the COVID-19 pandemic in the region hampered the growth of the regional industrial PC market in 2020. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, had imposed lockdowns to contain the spread of the disease. For instance, in March 2020, India imposed a complete lockdown to prevent the community spread of the disease. The manufacturing industry in the region had been highly affected, as the production units had been closed or the production processes were halted, which had a negative impact on the growth of the industrial PC market in 2020. However, the industrial sectors such as automobile, manufacturing, and others are expected to recover as the COVID-19 pandemic ceases to exist. Therefore, the expected recommence in various manufacturing and industrial sectors will positively impact the growth of the regional market in focus during the forecast period during the given forecast period.
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The industrial PC market share growth by the panel will be significant during the forecast period. With growing modernization in industrial and commercial facilities, end-users are demanding panel PCs that require less space as compared to other PCs. Moreover, stainless touch panel PCs that come with IP66-rated or IP69K-rated housing, sunlight-readable brightness, wide operating temperature ranges, and optional wireless communication support are designed for dusty or wet spaces in food factories and kitchens as well as low-temperature environments such as cold storage warehouses. The addition of new features by vendors and demand for sophisticated PCs by end-users will drive the demand for industrial PCs during the forecast period.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial PC market size and actionable market insights on post COVID-19 impact on each segment.
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Industrial PC Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2021-2025 |
$ 1.42 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.30 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 40% |
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Key consumer countries |
China, US, Germany, UK, and Canada |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Advantech Co. Ltd., Avalue Technology Inc., Beckhoff Automation GmbH and Co. KG, DFI Inc., IEI Integration Corp., Kontron S and T AG, OMRON Corp., Rockwell Automation Inc., and Siemens AG |
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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 |
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Customization purview |
If our 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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