Industrial PC Market by Hardware (Panel Industrial PC, Rack Mount IPC, Box IPC, Embedded Box IPC, Embedded Panel IPC and DIN Rail PC), Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography - Global Forecast to 2022
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The industrial PC market was valued at USD 3.30 Billion in 2016 and is expected to grow at a CAGR of 6.2% to reach USD 4.73 Billion by 2022. The growth in this market can be attributed to the increasing penetration of IoT across manufacturing industries, high R&D investments by the manufacturing companies to promote the adoption of industrial PCs, rising demand for energy-efficient manufacturing operations, and growing emphasis on regulatory compliances.
The research methodology used to estimate and forecast the industrial PC market begins with capturing data on key vendor revenues through secondary research. The secondary sources include IEEE journals, automation world magazines, manufacturing automation magazines, and leading players’ newsletters.
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After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Panel industrial PCs held the largest size of the industrial PC market in 2016. The growth of the market for panel industrial PCs can be attributed to their distinct features such as compact chassis, high-performance platform, enhanced flexibility, better safety control, and user-friendly touchscreens.
Panel industrial PCs are the most commonly used industrial PCs in the process and discrete industries for data acquisition and process control operations.
Solid-state is robust data storage medium for handling shocks and vibrations in manufacturing plants. It provides high-speed data access.
Apart from providing consistent and faster input/output times, solid-state data storage medium offers similar levels of endurance and data integrity as other electronic devices; hence, require lesser cooling and power than its electromechanical equivalents.
The market for capacitive touchscreen technology-based IPCs is likely to grow at a high rate between 2016 and 2022. This market growth can be attributed to the advantages of capacitive touchscreen technology-based IPCs over resistive touchscreen technology-based IPCs such as faster response time, higher accuracy, and no requirement for periodic calibrations, among others.
The major players operating in the industrial PC market include Advantech Co., Ltd. (Taiwan), Beckhoff Automation GmbH & Co., KG (Germany), General Electric Co. (U.S.). Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), OMRON Corporation(Japan), Panasonic Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).
The key market players focus on new product launches and developments, acquisitions, and collaborations to enhance their product offerings and expand their businesses.
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