The industrial PC market size was worth US$ 5 billion in 2021 and is expected to reach US$ 9.4 billion by 2032, increasing at a CAGR of 6% over the forecast period as indicated by the industrial PC market report by FMI.
As more emphasis is placed on automation and IoT, IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing.
Industrial PC manufacturers are aggressively utilising the Industrial Internet of Things (IIoT) across various industries to maximise their resources and prices, thereby opening up numerous industrial PC market opportunities. This allows them to automate manufacturing operations and generate a large volume of manufacturing data by utilising industrial PCs for data collection and management across a vast network of intelligent devices.
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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.
On the whole, the industrial PC market share is expected to reach a valuation of US$ 6 Bn by 2026.
Key Takeaways
- The manufacturing operations of many industries, including semiconductor, 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 US$ 1.1 billion.
- China, the world’s second-largest economy, is expected to reach a market capitalization of US$ 901.7 million by 2026, representing a 6.5 per cent 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 per cent and 3.9 per cent, respectively, over the analysis period.
- Over the projection period, the Semiconductor & Electronics segment is expected to increase at a rapid pace.
“Manufacturing companies witness a high demand for industrial IoT as the manufacturing sector steadily moves toward digitalization with increased awareness of resource optimization in manufacturing firms, and robust regulatory necessities to safeguard protection and reliability in production plants are all driving market growth.”—opines a FMI analyst.
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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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