ID: MRFR/SEM/4262-HCR | 100 Pages | Author: Aarti Dhapte | May 2023
PC based automation market was valued at USD 36 Billion during the historic forecast period
$36 Billion
5%
North America
2017-2023
PC-Based Automation Market Overview
Globally, the Size of PC-Based Automation Market is set to grow at a CAGR of 5 % to hit USD 36 Billion by 2023 driven by the demand for PC-based automation systems is likely to be soaring high in the food & beverages industry.
The implementation of advanced technologies like IIOT and the increased adoption of smart, automated solutions with regulatory compliances is accelerating the market's demand. The higher need for effective monitoring in industries' manufacturing plants drives the market's growth.
There are many propelling market drivers and rising opportunities enhancing the market's growth. The market is receiving huge opportunities from the food and beverages industry. These systems have wide applications in open-loop and closed-loop control in the food and beverage industry. It is used for measuring and testing in the automotive sector, while these systems are essential for data processing and communication in the electronics and semiconductor sector. Therefore, the industrial verticals are accelerating the market's growth.
The introduction of sensor gateways with the high-speed sensor status, diagnostics data, and parameters are accompanied by cloud-based systems, which permits the introduction of the Internet of Things (IoT) in manufacturing. These factors are boosting the PC-Based Automation Market.
The PC-based automation solutions can enhance safety and productivity rate. The system also helps reduce installation costs and improves flexibility by connecting with various devices. Due to all these growth factors, the PC-Based Automation Market is receiving huge demand at the global level.
The novel coronavirus pandemic has been a major cause of concern for the functions that are related to the PC based automation market size during the ongoing forecast period that will be ending in 2023. Since the imposition of the lockdown followed by the rising concerns related to the lifestyle and health changes are pushing the global target audience towards the presence of alternate changes and hence, the market has challenges on its way of expansion during the ongoing forecast period that will be ending in 2023.
There has been a rising need for the global PC based automation market share and hence, it is likely to propel during the ongoing forecast period. The global market is expanding its funding and investment that will help the market go for better prospects that help in recognizing and meeting the needs of the global target audience. The market players are opting for mergers that will help the global PC based automation market.
Among all process industries that are demanding the PC based automation market opportunities, the food & beverages industry is expected to hold the largest share of the overall PC-based automation market during the forecast period that will be ending in 2023. The market expenditures like Installation costs, networking, and connectivity between processing systems and the operator’s control room, and safety at work are some of the major concerns related to the end-users manufacturing processes of companies in the food & beverages. Hence, to overcome all these mentioned obstacles, PC-based automation solutions are being adopted to enhance safety and productivity. This helps in reducing installation costs, and further, helps in providing flexibility by connecting with different devices, and improving data flow between devices. Thus, the demand for PC-based automation systems is likely to be soaring high in the food & beverages industry.
The global PC based automation market share is witnessing the emergence of market factors like the lack of funding followed by reduced awareness that will hamper the growth goals of the market that have been set by the industry experts for the ongoing forecast period that will be ending in 2028. Also, the PC based automation market is witnessing the increased prices of raw materials and the hampered degree of affordability for the market players during the forecast period.
However, the PC-based automation market in the APAC region is expected to surpass the growth of the market in the North American market by the end of the current forecast period in 2023. The market in the APAC market is expected to grow at the highest CAGR rate during the ongoing forecast period that ends in 2028 owing to rapid industrialization in countries such as India and China and the high adoption of advanced manufacturing technologies in major participating regions like Japan. Further, in the APAC region, the spending capacity on the manufacturing sector is growing continuously. Rising government support in countries such as China and India is contributing to the growth of the manufacturing sector in the APAC region, which is further encouraging the adoption of automation technologies in the region for the period that ends in 2023.
PC Based Automation Market has been able to function in various parts across the globe and meet the rising needs of the global target audience for the ongoing forecast period ending in 2028. The functioning is based on the market segments that are mentioned as follows:
By Offering
By Component
By Sales Channel
By Industry
By Geography
April 2022
ABB Robotics launched an industrial pioneering software solution to accelerate speed and accuracy in electronics assembly. ABB's High-Speed Alignment software is the first to offer manufacturers the capability to propel the speed of 6-axis robots by 70 percent and its accuracy by 50 percent. The solution will significantly reduce time with increased accuracy levels.
The PC-based software solution includes Visual Servoing technology, which uses one or more cameras integrated with a computer vision system to control the robot's position relative to the workpiece.
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 36 Billion (2023) |
CAGR | 5% (2017-2023) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | by Offering, by Component |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | General Electric (U.S.), Honeywell International (U.S.), Beckhoff Automation (Germany), Emerson Electric (U.S.), Mitsubishi Electric (Japan), OMRON Corporation (Japan), Robert Bosch (Germany), IDEC (Japan), Schneider Electric (France), Siemens (Germany),Kontron S&T (Germany), ABB (Switzerland), Advantech (Japan), Rockwell Automation (U.S.), and Yokogawa Electric (Japan) |
Key Market Opportunities | The Middle East & Africa are expected to have a gradual growth, owing to a large number of oil and gas industries. |
Key Market Drivers | The drives many business players to offering innovative features to their customers, in terms of connectivity and performance. |
PC-Based Automation Market is set to grow at a CAGR of 5 % to hit USD 36 Billion by 2023
Some prominent market players are as follows: ● Emerson Electric (US) ● Rockwell Automation (US) ● General Electric (US) ● Robert Bosch (Germany) ● Honeywell (US)
The North American market and the APAC region will witness maximum growth during the period.
Key Questions Answered
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