Market Research Of Global Industrial PC Market By Knowledge Sourcing Intelligence
Introduction
The global Industrial PC market is
projected to witness a compound annual growth rate of 7.52% during the forecast
period to reach a market size of US$6.546 billion by 2023, increasing from
US$4.236 billion in 2017. Industrial PCs operate and function similar to a
residential or commercial PCs but are manufactured to provide higher
reliability, while being able to operate in harsh environmental conditions.
They are available in a variety of form factors, from being embedded in a metal
case or in an All in One (AIO) form. The demand for industrial PCs will rise
with the growing acceptance and application of automation in the various
industrial segments such as automotive, aerospace and defense, energy and power
etc.Market
Research is done by knowledge sourcing industry due to huge scope with
respective industry.
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Global
Industrial PC Market By Geography
By geography, the global industrial
PC market is segmented as North America, South America, Europe, the Middle East
and Africa, and the Asia Pacific. North America and Europe region accounted for
a significant market share in 2017 owing to early and high adoption of advanced
technologies for enhancing the production processes. Asia Pacific region is
projected to witness impressive growth over the forecast period. The developing
economies in the region such as China, India are transforming themselves into
manufacturing hubs which creates ample opportunities for global market players
to expand their presence in APAC region. Moreover, increasing investment in
research and development and stringent government regulatory compliances also
drive the growth of the market during the forecast period.
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| sample view of global industrial pc market share by geography |
North America Industrial PC market
is estimated to hold a significant share and is projected to grow at a CAGR of
XX%, to grow from US$XX.XX billion in 2017 to US$XX.XX billion in 2023.
Industrial PCs are considered as one of the most important aspects of the
industrial automation process, and it works as the link between the user and
the industrial production itself. The market for the region is driven by the
early adoption of technologies and rising investment in research and
development. Growing demand for smart energy solution in industrial PC's and
rising use of information technologies in every industrial sector is also
expected to drive the growth of the market in the region during the forecast
period.
United States Industrial PC market
holds a significant share in the North America as well as the global market and
is projected to grow at a CAGR of XX%, increasing from US$XX.XX billion in 2017
to US$XX.XX billion in 2023. Increasing focus towards cost reduction and
production efficiency by the manufacturing and other industries is considered
as one of the driving factors contributing to the growing demand of industrial
PCs in the country. Manufacturing companies in the country are actively
focusing on adopting industrial PCs to automate their process in order to
enhance productivity, improve quality, accuracy, uniformity, and safety. Retail
and healthcare sectors have also started to implement industrial pc hardware’s
into their operations due to its ability to track and monitor assets and
processes for inconstancies and peculiarity. Moreover, rising demand for energy
efficient industrial process will also boost the growth of the market during
the forecast period.
MARKET
DYNAMICS
Industrial automation has
revolutionized the way industries operate. Industries such as automotive, oil
and gas, defense and aerospace are constantly investing a large sum of money to
automate their processes which has eased the pressure on industries by
providing better output at a much faster rate. Automation has also led to many
new approaches which were not previously possible by human controlled machines.
According to the 2016 World Robotics Report by the International Federation of
Robotics (IFR), the number of industrial robots deployed will increase to 2.6
million worldwide by 2019. Industrial PCs form an integral part of this
increase as PCs are required for automation to perform different tasks such as,
machinery controlling and programming, and tracking of inventory among others.
Industrial PCs along with being a core part of industrial automation, also
provide lieu of supplementary benefits in addition to automation by checking
for machinery damages and maintaining proper service schedules, further
increasing its need with the rising industrial automation.
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