DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Industrial PC Market by Hardware, Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography - Global Forecast to 2022" report to their offering.
The industrial PC 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.
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.
Resistive is the most commonly used touchscreen technology in industrial PCs. This touchscreen technology can be implemented at a low cost. Its dominance in the market can be attributed to the advantages it offers, which include usability, stability, and cost-effectiveness. This touchscreen technology can be used in a wide range of industrial applications such as factory automation, automotive navigation devices, in-flight entertainment, medical equipment, and office automation.
Industrial PCs help the automotive manufacturing companies response faster to supplier disruptions, manage scheduling and balancing of the workload on agile manufacturing lines, achieve seamless incorporation of changes in manufacturing process based on quality feedback, and meet the changing customer demands. Due to the above mentioned factors, the industrial PC market for the automotive industry is likely to grow at a significant rate during the forecast period.
The market for industrial PC in APAC is expected to grow at a high rate between 2016 and 2022. This market growth can be attributed to the increasing demand for automating the manufacturing operations in this region. In addition, the increasing infrastructural investments in the energy and power sector, favorable government policies, and rapid industrialization are expected to propel the growth of the market for panel industrial PCs in APAC during the forecast period.
Market Dynamics
Drivers
- Increasing Penetration of IoT Across Manufacturing Industries
- Steady Rise in the R&D Investments By Manufacturing Companies to Shift From Traditional Manufacturing Approach to Digitalized Method
- Rising Demand for Energy-Efficient Manufacturing Operations
- Growing Emphasis on Regulatory Compliances
Restraints
- High Initial Costs Pertaining to the Implementation of Industrial PCs
- Increasing Security Threats
Opportunities
- Growing Demand for Smart Energy Solutions
- Increasing Emphasis on Robust IT Infrastructure
Challenges
- Collection of Relevant Manufacturing Data
- Fluctuating Prices of Oil and Gas is Hampering the Infrastructure Investments
Companies Mentioned
- Advantech Co., Ltd.
- Beckhoff Automation GmbH & Co. Kg
- General Electric Co.
- Kontron AG
- Mitsubishi Electric Corporation
- Omron Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens AG
For more information about this report visit http://www.researchandmarkets.com/research/fj9q3q/industrial_pc.
