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Industrial PC Market size was valued at over USD 5 billion in 2022 and is expected to grow at a CAGR of over 7% during the forecast period. The growth is attributed to the rising demand from diverse industries including automotive, oil & gas, electronics, and pharmaceuticals. Industrial PCs are increasingly being utilized as automation tools in manufacturing industries to manage a broad range of factory & industrial tasks such as machine automation & next-generation autonomous robotics. The popularity of industrial PCs can be attributed to their advanced features including cableless connectivity that reduces moving parts, fanless cooling technologies, and protection against dust & water incursion. Market players are focused on developing high-performance computers for industrial IoT that require powerful computing.
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The global demand for industrial PCs is projected to rise at a robust CAGR during the forecast period from 2022 to 2032. The industrial PC market is witnessing a significant growth driven by the increasing adoption of digitalization and the rise of Industry 4.0 in manufacturing industries. Industry 4.0 includes various key enabling technologies, such as cyber-physical systems, artificial intelligence, the Internet of Things, and Big Data analytics, which can be seen as main contributors to digital & automated manufacturing environments. Industrial PCs are playing a crucial role in fulfilling the growing need to improve overall productivity. They enable manufacturing plants to become more productive and efficient by facilitating real-time planning, control, and monitoring of operations.
The primary consideration for industrial PC users is consistent and efficient performance, especially in challenging environments. These PCs are designed to operate within a wide temperature range of -40°C to +80°C, making them suitable for use in extreme conditions. Industrial PCs are also highly energy-efficient, consuming low power as they operate on batteries such as nickel-cadmium, nickel-metal hydride, or other renewable power sources including solar power or wind energy. This feature makes them an ideal choice for environmentally conscious businesses seeking to reduce their carbon footprint.
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The installation of industrial PCs requires significant investment, which can be a restraint to market growth. These systems must be constructed using high-quality durable materials that can resist harsh environmental conditions. However, the high cost of these materials ultimately increases the cost of industrial PCs. Furthermore, the use of industrial PCs in harsh environments raises security concerns, which can limit market growth. Ensuring the security and protection of these systems from cyber-attacks is essential but can be a challenge due to the nature of their operation.
The COVID-19 pandemic initially had a negative impact on the demand and growth of the industrial PC market due to various restrictions imposed globally. These restrictions included lockdowns, import-export bans, and the closure of manufacturing units in different countries. As a result, the production of non-essential goods came to a halt, leading to declining demand for industrial PCs. However, in the recovery phase, governments worldwide permitted the reopening of manufacturing units with limited capacity. According to Eurostat, industrial production in the EU increased by 0.4% in January 2022 compared to the previous month with total production levels 2.5% higher than in February 2020, the month immediately before the COVID-19 crisis.
Manufacturing companies are increasingly investing in their IT infrastructures to enhance their operations, which is expected to create significant opportunities for the industrial PC market. These PCs are essential components of modern IT networks and can enable efficient & effective management of manufacturing processes. By leveraging industrial PCs, manufacturers can monitor their operations in real-time, quickly resolve issues, and assess economic performance.
Industrial PC market segmentation by type includes panel, rack mount, embedded, and DIN Rail IPC. The DIN Rail IPC segment is projected to dominate the market during the forecast period. This is due to the increased use of DIN Rail IPCs in a wide range of industries including medical services, automotive, and electronics. DIN Rail IPCs are commonly used as communication & visualization gateways to track plant operations and vehicles. As the demand for connected factory and enterprise networks continues to increase, the sales of DIN Rail IPCs are expected to increase further. Moreover, the rising demand for automation & operational intelligence to optimize production and increasing focus on improvements in asset & workforce management are boosting the demand for DIN Rail IPCs in several industries.
Based on end user, industrial PC market is segmented into semiconductor & electronics, automotive chemical, aerospace & defense, healthcare, and energy & power. The semiconductor & electronics segment is anticipated to present a high growth rate over the forecast timeframe. Factors including the increasing demand for improved process flexibility & enhanced efficiency, widespread integration of quality & regulatory needs, and the constant pressure of minimizing the maintenance & operation costs in the industries are expected to stimulate demand for industrial PCs.
Asia Pacific region is poised to experience the highest CAGR in the industrial PC market during the forecast period. The region is experiencing rapid industrialization and the manufacturing industry is consistently growing due to several factors. One such factor is the increasing investment in energy infrastructure, which supports sustainable development. Moreover, the Asia Pacific region is home to many countries that offer supportive government policies related to foreign direct investment, encouraging foreign players to enter the regional industrial PC market. High-tech medical equipment manufacturing companies are also actively expanding their geographic presence in Asia Pacific due to the escalating demand for healthcare services and increased investments in industrial research & development. These factors are likely to accelerate the industrial PC market growth in Asia Pacific during the forecast period.
Key players operating in the industrial PC market include Omron Corporation, Siemens AG, Kontron AG, Mitsubishi Electric Corporation, Advantech Co., Ltd., Rockwell Automation, and Beckhoff Automation GMBH & Co. These players focus on the R&D of PCs used in several industries to make processes efficient and encourage different industries to shift from conventional processes to digitalization. Furthermore, these players are emphasizing strategic collaborations and acquisitions to expand their market presence.
The Industrial PC market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
By Sales Channel
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