The global industrial PC market size is estimated to reach USD 5.7 billion by 2025 from USD 4.4 billion in 2020, growing at a CAGR of 5.4%
NEW YORK, March 24, 2020 /PRNewswire/ -- Industrial PC market to exhibit significant growth during 2020–2025
The global industrial PC market size is estimated to reach USD 5.7 billion by 2025 from USD 4.4 billion in 2020, growing at a CAGR of 5.4%. The growth of this market is attributed to increasing demand for industrial IoT, a steady shift towards digitalized manufacturing from traditional manufacturing, growing awareness for resource optimization in manufacturing industries, and stringent regulatory compliances. However, factors such as high initial costs, and data privacy and security concerns are restraining the market growth.
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DIN Rail IPC market to grow at highest CAGR during forecast period "
DIN rail IPCs have a compact design with flexible display options and various I/O modules, thereby allowing a space-saving industrial controller in the control cabinet.These PCs are high-performing computing solutions, which are tailor-made depending on the complexity of the manufacturing control tasks.
DIN rail IPCs are primarily used in the military, traffic and transportation, industrial, and medical sectors. The growing popularity of DIN rail IPCs can be attributed to the consistently growing demand for connected factory and enterprise networks from manufacturing enterprises, a rising belief of the process control engineers in the PC-based technology for controlling tasks in manufacturing plants, and increasing demand for efficient information flow across production facilities.
SSD industrial PC market to grow at highest CAGR during the forecast period"
The solid-state drive (SDD) data storage medium is made from silicon microchips used in industrial PCs.One of the most significant attributes of SSD is that it is devoid of mechanical parts, which allows swift and smooth data transfer to and from the storage medium.
Due to this, the data transfer occurs at a considerably higher speed, thereby enhancing the expectable lifespan of this storage medium.Moreover, this data storage medium generates less heat during its operation compared to the rotating data storage medium.
In contrast to the spinning hard disk drives (HDDs) or magnetic oxide tapes that store data magnetically, SSD stores data electronically.
North America to be the largest market for industrial PC during the forecast period
North America is expected to lead the global industrial PC market from 2020 to 2025.The industrial manufacturers in North America focus on adopting advanced technologies to enhance their production processes and optimize output.
In addition, discrete industries such as aerospace & defense and automotive, among others, are considered to be the fastest-growing end-use industries for industrial PCs. Moreover, several major players are increasing their investments in the industrial PC market in North America, thereby propelling the growth of the sector in this region.
Profile break-up of primary participants for the report is given below:
• By Company Type – Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%
• By Designation – C-Level = 48%, Director Level = 33%, and Manager Level = 19%
• By Region – North America = 35%, Europe = 18%, APAC = 40%, and RoW = 7%
Key players in the market include Advantech (Taiwan), Beckhoff International (Germany), Siemens (Germany), IEI Integration Corporation (Taiwan), Kontron S&T (Germany), Nexcom International (Taiwan), ABB (Switzerland), Avalue Technology (Taiwan), DFI (Taiwan), and American Portwell Technology (US).
The global industrial PC market is segmented into type, data storage, maximum RAM capacity, sales channel, and end-user industry and geography.The market based on type is segmented into panel IPC, rack mount IPC, box IPC, embedded IPC, and DIN rail IPC.
Based on data storage, the industrial PC market has been split into HDD and SSD.Based on maximum RAM capacity, the industrial PC industry is segmented into 512 KB to 512 MB, 512 MB to 3 GB, 3 GB to 8 GB, 8 GB to 64 GB, and more than 64 GB.
Based on the sales channel, the industrial PC market has been split into direct sales and indirect sales.Industries that are included in the study of the industrial PC industry include chemical, energy & power, oil & gas, food & beverages, pharmaceuticals, automotive, aerospace & defense, semiconductor & electronics, medical devices, and others.
The industrial PC market is segmented into four regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Reasons to buy the report:
• Illustrative segmentation, analysis, and forecast for markets based on type, data storage, maximum RAM capacity, sales channel, and end-user industry, and region have been conducted to give an overall view of the industrial PC market.
• The value chain analysis has been performed to provide an in-depth insight into the industrial PC industry.
• Major drivers, restraints, opportunities, and challenges pertaining to the industrial PC market have been detailed in this report.
• The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.
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