PUBLISHER: Orion Market Research | PRODUCT CODE: 1327624
PUBLISHER: Orion Market Research | PRODUCT CODE: 1327624
Title: Global Industrial Computers Market Size, Share & Trends Analysis Report by Type (Panel IPC, Rack Mount IPC, Embedded IPC, and DIN Rail IPC), by Display Type (Resistive and Capacitive), by Sales Channel (Direct Sales and Indirect Sales) and by End-Users (Chemical, Energy and Power, Oil and Gas, Food and Beverage, Pharmaceutical, Automotive, Aerospace and Defense, Semiconductor and Electronics, Medical Devices, and Others)Forecast Period (2023-2030).
The global Industrial computer market is anticipated to grow at a CAGR of 5.5% during the forecast period (2023-2030). The market's growth is attributed to factors such as the growing demand for industrial automation developments across the globe. Industrial devices have grown increasingly sophisticated and are employed in a variety of applications, including those requiring higher multitasking performance owing to rising clock rates for automation and computationally heavy applications. For instance, in December 2021, in Taipei, Taiwan, Advantech, announced the launch of PCE-3032 and PCE-4132, the first half-sized single board computers (SBCs) upgraded to Intel 10th Generation CoreTM processors with increased clock speeds, delivering higher multi-tasking performance for computationally intensive and automation applications. A wide range of CPU, memory, storage, operating system, and expansion card options are provided, resulting in 18 configuration possibilities.
The global Industrial computer market is segmented by type, display type, sales channel, and end-users. Based on type, the market is sub-segmented into panel IPC, rack mount IPC, embedded IPC, and DIN rail IPC. Based on the display type, the market is bifurcated into resistive and capacitive. Based on the sales channel, the market is divided into direct sales and indirect sales. Further, on the basis of end-user, the market is sub-segmented into chemical, energy and power, oil and gas, food and beverage, pharmaceutical, automotive, aerospace and defense, semiconductor and electronics, medical devices, and others. The others sub-segment includes metals and mining, pulp and paper, water and wastewater treatment. Among the types, the DIN rail manufacturer sub-segment is expected to grow at a considerable CAGR over the forecast period. The segmental growth is attributed to increasing demand for automation and operational insight to optimize production. In addition, the growing emphasis on enhancing asset and employee management, that are driving up demand for DIN Rail IPCs in processes and discrete sectors.
Among the types, the embedded IPC sub-segment is anticipated to hold a prominent market share of the global industrial computers market. The growth is attributed to the growing demand for edge computing across the globe. The number of industrial applications for edge computing technologies is expanding. Edge computing reduces prolonged latency and depends less on cloud-based systems by processing data closer to the source. To execute complicated analytics and operate applications that operate at the frontier, industrial computers with significant computational and storage capacities are required. Additionally, the market players are coming up with new products to cater to the demand for processors with Intel cores. Applications include complex human machine interface (HMI) programmes, expanded axis control, and machine learning (ML) for industrial PCs. For instance, in November 2022, Beckhoff introduced the 12th generation Intel Core Processors in the C6040-0090 through the C60xx ultra-compact industrial PC line in SPS 2022. Applications such as extended axis control, complicated HMI applications, machine learning, and vision are the primary features that make industrial PCs suitable options.
The industrial computers market is analyzed based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, North America is projected to experience a prominent growth over the forecast period, driven by the growing investments in panel computer technology by various key companies and government organizations operating in the regional and global market
Among all the regions, the Asia-Pacific region is anticipated to hold a significant share of the industrial computers market during the forecast period. The regional market growth is attributed to the fact that industrial computer adoption is growing across manufacturing units, there are more government initiatives to encourage its use, and traditional manufacturing is steadily giving way to digitalized manufacturing. Industrial computer technology is advancing quickly in emerging nations such as China and Japan, that supports the expansion of the regional market. The demand for improved process flexibility, effective information flow across production facilities, and harmonized production processes for the most effective supply-chain management are additionally encouraging industries to use industrial computers, that is driving the growth of the industrial computers market across the Asia-Pacific.
The major companies serving the global industrial computer market include: American Portwell Technology, Inc., Avalue Technology Inc., B&R, Beckhoff Automation GmbH & Co., Captec Ltd., and others. These market players are considerably contributing to market growth by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, funding, and new product launches to stay competitive. For instance, in January 2022, Microsoft Corp. completed the acquisition of Activision Blizzard Inc., a pioneer in game development and a developer of interactive entertainment material. This purchase promises to speed up the expansion of Microsoft's gaming business across mobile, PC, console, and cloud platforms and serves as a foundation for the metaverse.