The global demand for industrial PCs is projected to rise at a robust CAGR of 6% during the forecast period from 2022 to 2032, totaling over US$ 9.4 Bn by 2032. Growth in the industrial PC market is driven by increasing penetration of digitalization, rise of industry 4.0, rapid adoption of automation and IoT across manufacturing industries, growing need for improving the overall productivity, rising awareness about resource optimization in manufacturing firms. and technological advancements in industrial PCs.
Rising Automation and Other Advanced Technologies, such as IoT, are Making Room for Industrial PC Market Growth in the U.S. With rising adoption of advanced technologies such as the internet of things (IoT) and augmented reality (AR), a thriving manufacturing sector, and the availability of advanced products, the US industrial PC market is expected to grow rapidly during the forecast period.
Similarly, rising government initiatives to encourage automation adoption and a thriving workstation market will propel the country’s industrial PC market size in the coming years.
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According to FMI, China’s industrial PC market is anticipated to expand at the highest CAGR during the forecast period due to the country’s rapid adoption of automation in the manufacturing sector, favourable government policies, rising demand for cutting-edge products like the Advantech industrial PC, and a sizable industry-leading manufacturer base.
Industrial PC manufacturers are aggressively leveraging the Industrial Internet of Things (IIoT) across multiple industries to maximise resources and prices, thereby opening up numerous industrial PC market opportunities. By utilising industrial PCs for data collection and management across a vast network of intelligent devices, they are able to automate manufacturing operations and generate a large volume of manufacturing data.
IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing as more emphasis is placed on automation and IoT. Overall, the industrial PC market is expected to be worth US$ 6 billion by 2026.
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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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Key Segments
By Type:
- Panel IPC
- Rack Mount IPC
- Box IPC
- Embedded IPC
- DIN Rail IPC
By Sales Channel:
- Direct Sales
- Indirect Sales
By End-use Industry:
- Process Industries
- Discrete Industries
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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