Analysis

The Industrial PC Market is projected to reach around $9.4bn by 2032

29th July 2022
Sheryl Miles
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Industrial PC manufacturers are aggressively using the Industrial Internet of Things (IIoT) across various industries to maximise their resources and prices, which opens many industrial PC market opportunities.

This enables them to automate production operations and generate a large volume of manufacturing data utilising industrial PCs for data collection and management over a vast network of intelligent devices.

The industrial PC market is expected to register a robust CAGR of 6%, from $5bn in 2021 to $9.4bn in 2032.

Automation, digitisation, and other technological innovations propel the global industry forward as increased focus on automation and IoT, IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing.

Industrial PCs' operational efficiency is both an advantage and a hazard at the same time. It may offer security problems, but it makes it easier to scale up duties and integrate new features in one box, such as energy management, access control, condition monitoring, FSM, data transfer, and so on.

As a result, OEMs and end-users may be dubious about the overall capabilities, not just IPC models, which could impede the sales of industrial PCs. An industrial PC is a computing platform that is built to withstand harsh conditions such as temperature fluctuations, humidity, moisture, and aggressive dust.

"Manufacturing companies witness a high demand for industrial IoT as the manufacturing sector steadily moves toward digitalisation with increased awareness of resource optimisation in manufacturing firms, and robust regulatory necessities to safeguard protection and reliability in production plants are all driving market growth."- opines an FMI analyst.

Key Takeaways

The manufacturing operations of many industries, including semiconductors, consumer electronics, and automotive, are predicted to grow dramatically in the APAC area.

In the year 2021, the industrial PC market size in the United States was worth $1.1bn.

China, the world's second-largest economy, is expected to reach a market capitalisation of $901.7m by 2026, representing a 6.5% CAGR over the study period as per the emerging trends in the industrial PC market.

Japan and Canada are two other critical geographic markets, with forecasted growth rates of 3.5% and 3.9%, respectively, over the analysis period.

Over the projection period, the Semiconductor & Electronics segment is expected to increase at a rapid pace.

Competitive Landscape

For start-up enterprises, the industrial PC market offers reasonable prospects. These businesses can supply industrial PCs to the fast-growing energy, automotive, and oil and gas industries. The global study on the Industrial PC market states that the presence of established businesses with diverse product portfolios catering to many industries, on the other hand, enhances market competition.

For example, in September 2021, Rockwell Automation announced cooperation with Ansys, a Canonsburg and Pennsylvania-based American corporation. The company hoped to expand digital twin connectivity into industrial control systems with this relationship, allowing users to take advantage of industrial operations' implementation, design, and performance.

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