Global PLC Market in Automotive Industry 2015-2019

Nov 09, 2015, 15:54 ET from ReportBuyer

LONDON, Nov. 9, 2015 /PRNewswire/ -- About PLC
A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in a plant by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.

It is a replacement for traditional control panels that involve hard-wired relays and timer logic. The technology is based on programmed instruction logic, which offers more operational flexibility. A PLC also requires shorter installation and commissioning times than traditional hard-wired control systems.

Technavio's analysts forecast the global PLC market in the automotive industry to grow at a CAGR of 8.36% over the period 2014-2019.

Covered in this report
The report covers the current scenario and the growth prospects of the global PLC market in the automotive industry for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the following:
- Sales of PLC solutions in automotive industry
- Maintenance
- Services

Technavio's report, Global PLC Market in Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC and EMEA; it also covers the landscape of the global PLC market in automotive industry and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
- Americas

Key vendors
- Mitsubishi
- Rockwell
- Schneider
- Seimens

Other prominent vendors
- Adept
- Beckhoff
- Bosch
- Emerson
- Fuji
- GE
- Honeywell
- Idec
- Keyence
- Koyo Electronics
- Omron
- Panasonic
- Toshiba
- Unitronics
- Yokogawa

Market driver
- Expansion in automotive plant capacity
- For a full, detailed list, view our report

Market challenge
- Competition from small DCS
- For a full, detailed list, view our report

Market trend
- Global resurgence of automotive industry
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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