Industrial Computers Market Worth $9.8 Billion by 2030


Posted June 13, 2024 by Rajul123

According to this latest publication from Meticulous Research®, the global industrial computers market is projected to reach $9.8 billion by 2030, at a CAGR of 9.7% from 2023 to 2030.
 
Meticulous Research®, a prominent global market research firm, has released a report titled, "Industrial Computers Market by Type, Technology, Storage Medium, Sales Channel, End-use Industry (Process Industries, and Discrete Industries), and Geography - Global Forecast to 2030."
The latest publication from Meticulous Research® indicates that the global industrial computers market is expected to reach $9.8 billion by 2030, growing at a CAGR of 9.7% from 2023 to 2030. The market's growth is fueled by the increasing implementation of smart manufacturing solutions, the rising demand for automated documentation across various sectors, and the growing need for industrial computers in automation. Nonetheless, the substantial initial investment required may hinder market growth. Opportunities abound with the expanding use of industrial computers in automation and the rising need for enhanced cybersecurity in industrial PCs within the manufacturing sector. Conversely, security risks associated with industrial computer networks present challenges to market growth. Current market trends include touch screen industrial panel PCs and customizable features.
The market is segmented by type (including panel industrial PCs, rack mount industrial PCs, box industrial PCs, embedded industrial PCs, DIN rail industrial PCs, and others such as forklift computers and single board computers), technology (resistive display and capacitive display), storage medium (solid-state drives and rotating hard drives), sales channel (direct sales and retail sales), and end-use industry (process industries such as chemical, energy & power, oil & gas, food & beverages, pharmaceuticals, and others including metals & mining, paper & pulp; discrete industries such as automotive, aerospace & defense, semiconductor & electronics, manufacturing, and others including consumer electronics and medical devices). The report also assesses industry competitors and provides market analysis at both regional and country levels.
Based on type, the global industrial computers market is categorized into panel industrial PCs, rack mount industrial PCs, box industrial PCs, embedded industrial PCs, DIN rail industrial PCs, and other types. In 2022, the panel industrial PC segment held the largest market share, driven by the increasing demand for panel industrial PCs due to their enhanced durability and extensive I/O flexibility suited for harsh industrial environments. This segment's growth is also attributed to the need to replace outdated control panels with more user-friendly interfaces for new machines, the rising preference for higher-quality components compared to conventional PCs, the growing popularity of touchscreen functionality, and the demand for fanless cooling systems.
Conversely, the DIN rail industrial PC segment is expected to experience the highest CAGR during the forecast period. This growth is fueled by the increasing demand for DIN rail industrial PCs in power plant automation, the need for intelligent transportation systems, the rising adoption of PC-based control systems for industrial automation and control applications, and the advantages of DIN rail industrial PCs, such as easy installation within control cabinets and seamless integration into existing systems.
Based on technology, the global industrial computers market is segmented into resistive display and capacitive display segments. In 2022, the capacitive display segment held the largest market share. This dominance is due to the compatibility of capacitive displays with a wide range of consumer electronics devices, the increasing demand for capacitive displays offering flexible and robust performance in harsh environments, and the need for high-quality computers that support the viewing of high-quality images, video, and software content. Additionally, the growing demand for capacitive displays for faster responses and sharper images contributes to this segment's large market share. Moreover, the capacitive display segment is expected to achieve the highest CAGR during the forecast period.
Based on storage medium, the global industrial computers market is segmented into solid-state drive (SSD) and rotating hard drive (HDD). In 2022, the rotating hard drive segment held the largest market share. This dominance is attributed to the increasing demand for computers equipped with rotating hard drives, which provide ample storage capacity and fast data access. There is also a growing deployment of HDD-enabled industrial computers in factory automation settings, driven by the requirement for systems that do not require frequent data access, as well as the preference for cost-effective solutions compared to other storage devices. Additionally, the longer lifespan of rotating hard drives contributes to their popularity in industrial applications.
However, the solid-state drive segment is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. This growth is fueled by increasing demand from military and space exploration projects for SSD-enabled computers, which offer durability and reliability advantages. There is also rising demand for SSDs due to their capability for immediate data transfer and suitability for high-bandwidth applications, as well as the increasing need for features that enhance battery longevity.
Based on sales channel, the global industrial computers market is divided into direct sales and retail sales segments. In 2022, the direct sales segment held the largest market share. This dominance is driven by growing demand for industrial computers across various end-users, a preference for personalized sales approaches to better understand customer needs, the elimination of intermediaries like wholesalers and regional distribution centers, and increasing demand for selling exclusive products directly to end consumers. Additionally, this segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period.
Based on end-use industry, the global industrial computers market is categorized into process industries and discrete industries. In 2022, the process industries segment held the largest market share. This dominance is attributed to increasing demand from food processing industries for tasks like formulation control, process deviation calculations, and monitoring parameters such as temperature, pressure, timing, and container closures. Additionally, the chemical industry has driven demand for industrial machine-to-machine human interface systems. There is also a rising need across process industries for enhanced visibility and control from the factory floor to improve productivity, plant safety, and product quality. Furthermore, the pharmaceutical sector's focus on improving production efficiency and compliance with healthcare regulations has spurred demand for industrial computers in this segment.
However, the discrete industries segment is expected to achieve the highest compound annual growth rate (CAGR) during the forecast period. This growth is fueled by increasing deployments of industrial computers to monitor and control factory machinery and machine tools, ensuring smooth production line operations. The automotive industry, in particular, is adopting industrial computers to enhance factory conditions and employee safety, while the use of all-in-one computers equipped with RFID scanners for tracking cars through the manufacturing process is also contributing to segment growth.
Based on geography, the global industrial computers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America held the largest share of the global industrial computers market. This leadership is attributed to increased investments in research and development, growing adoption of smart manufacturing solutions throughout the region, and a rising demand for energy-efficient computing systems like panel industrial PCs. Moreover, leading industrial computer providers in North America are focusing on introducing advanced versions of industrial PCs and meeting growing demand for customized and portable solutions, which further boosts market demand. Manufacturers in the region are integrating commercial PC technologies to offer tailored solutions, contributing to market expansion.
However, Asia-Pacific is expected to achieve the highest compound annual growth rate (CAGR) during the forecast period. This growth is driven by increased deployment of industrial computers across manufacturing facilities, government initiatives promoting industrial computer adoption, and a shift from traditional to digitalized manufacturing practices. Countries such as Japan and China are leading technological advancements in industrial computers, which significantly stimulates regional market growth.
Key Players:
Major players in the global industrial computers market include Siemens AG (Germany), Advantech Co., Ltd. (Taiwan), Beckhoff Automation GmbH & Co. KG (Germany), Captec Ltd. (U.K.), Industrial PC, Inc (U.S.), IEI Integration Corp. (Taiwan), Kontron AG (Germany), NEXCOM International Co., Ltd. (Taiwan), DFI Inc. (Taiwan), American Portwell Technology, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Mitsubishi Electric Corporation (Japan), Avalue Technology Incorporation (Taiwan), and Panasonic Holdings Corporation (Japan).
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Key questions answered in the report:
• Which market segments show high growth in terms of type, technology, storage medium, sales channel, and end-use industry?
• What is the historical global market size for industrial computers?
• What are the market forecasts and projections for 2023–2030?
• What are the key drivers, constraints, opportunities, challenges, and trends influencing the global industrial computers market?
• Who are the major players in the global industrial computers market, and what are their respective market shares?
• What is the competitive landscape like in the industrial computers market?
• What recent developments have occurred in the global industrial computers market?
• What strategies have major market players adopted?
• What are the geographic trends and which countries are experiencing high growth?
• Who are the emerging local players in the global industrial computers market, and how do they compete with other players?
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Issued By Rajul Bijole
Country United States
Categories Computers , Internet , Technology
Tags industrial computers market , panel industrial pc , information and communications technology , ict , industrial pc , rack mount industrial pc , box industrial pc , din rail industrial pc
Last Updated June 13, 2024