The global market for industrial computers is being driven by rising adoption of the internet of things and is expected to grow to almost $9 billion, according to a new report by Transparency Market Research.
The global industrial PC market features several players aggressively targeting technological innovation through research and development activities.
The competitive rivalry among these companies is expected to remain high over the forecast period.
The introduction of next-generation industrial PCs with smart energy solutions can help companies garner a competitive edge over their competitors.
The key players profiled in the report include:
- Beckhoff Automation;
- Bernecker + Rainer Industrie Elektronik;
- Industrial PC;
- Landitec Distribution;
- Lanner Electronics;
- MiTac International;
- Mitsubishi Electric Corporation;
- Omron Corporation;
- Rockwell Automation;
- Siemens; and
- Schneider Electric.
According to Transparency Market Research, the global industrial PC market is expected to reach a value of $8.8 billion by 2025.
The market is estimated to expand at a growth of 11 per cent during the forecast period from 2017 to 2025.
Asia Pacific is likely to dominate the global industrial PC market in the coming years, closely followed by Europe and North America.
The two developed regions are home to several key technological innovators in the market, leading to steady dominance of the two regional segments in the coming years.
However, the Asia Pacific market for industrial PCs is expected to exhibit a robust 14 per cent growth over the 2017-2025 forecast period, on the way to emerging with a valuation of $2.8 billion by 2025.
The emergence of Industry 4.0 and steady evolution of the IoT is resulting in an increase in demand from the global industrial PC market, says Transparency.
The growing demand for smart energy solutions in industrial PCs is expected to bolster the industrial PC market in the long run.
Rising use of IoT solutions in the industrial sector has led to growing amounts of data being generated in every operation, leading to a rise in the need for industrial PCs.
The transformation of computing platforms due to the growing adoption of digitalization in a variety of sectors is an important trend that is expected to aid the growth of the industrial PC market.
Manufacturers are integrating commercial PC technologies to provide customized solutions that users demand.
This is achieved by integrating the latest technology solutions and control automation methods into commercial products, manufacturing equipment, and test stations.
High demand for advanced Industrial PCs is also expected to contribute to the growth of the Industrial PC market.
According to Transparency, one of the most important restraints acting on the global industrial PC market is the high prices of industrial PC technology, which has limited its adoption to the higher end of the industrial sector.
The rising government support to adoption of automation tools in the industrial sector could be a vital driver for the industrial PC market, as it will allow the industry sector in developing countries to adopt industrial PC systems in an efficient pricing structure.