Industrial Computers Market Expected to Reach $8.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Industrial Computers Market," The industrial computers market was valued at $4.8 billion in 2021, and is estimated to reach $8.9 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

Industrial computers are made to run continuously, 24 hours a day, seven days a week, in environments with a wide operational temperature range, reliability, and regulatory compliance. Since there are no moving parts in the majority of industrial computers, reliability is increased. These industrial computers are made to handle a variety of factory and industrial activities for manufacturing machinery, machine automation, and upcoming autonomous robotics. Industrial computers have the benefit of operating extremely reliably even under the most difficult industrial settings. The majority of industrial computers market have sturdy design elements in common, like fanless cooling systems, cable-less communication to decrease moving components, and protection from dust and water infiltration. Due to their capacity to provide dependability and efficiency for several industrial automation projects that cannot afford downtime, these are some of the most important advantages of industrial computers.

The high demand for industrial IoT by manufacturing businesses is one important factor that influences the growth of the global industrial computers industry. Additionally, it is anticipated that manufacturing firm's awareness of resource efficiency and ongoing advancements in display technology research and development for industrial panel pc will fuel market expansion. The market's expansion is, however, hampered by high R&D costs, data privacy and cybersecurity issues, and the initial cost of industrial pc. On the contrary, it is predicted that the market would expand rapidly during the forecast period as a result of the widespread adoption of smart manufacturing solutions.

The industrial computers market analysis is based on by type, technology, end use, and region. The panel segment was the highest contributor to the market in 2021, whereas the panel and rack mount segments collectively accounted for a notable market share in 2021. The capacitive segment was the highest revenue contributor, in 2021. The surge in demand for industrial computers in industries such as automotive and others globally has led to the growth of the industrial and transportation, and infrastructure segments, thereby enhancing the market growth.

Due to its severe effects on key supply chain players, the COVID-19 outbreak will have a significant impact on the growth of the global industrial computers market size in 2020. However, one of the key reasons driving the market expansion during the COVID-19 pandemic was the increase in domestic investment and medical application expenditures in industrial computers market trends. On the other hand, the virus's quick spread hampered the production of industrial computers market share during the first two quarters of 2020 and halted the export of computer parts. Additionally, the worldwide market for industrial computers market growth is being strengthened by an increase in demand for pharmaceuticals solutions post COVID-19.

KEY FINDINGS OF THE STUDY

• In 2021, the panel computer segment accounted for maximum revenue and is projected to grow at a notable CAGR of 4.73% during the forecast period.
• The capacitive segment was the highest revenue contributor to the market in 2021.
• The industrial and transportation and infrastructure segments collectively accounted for around 63.91% market share in 2021.
• The industrial segment is projected to grow at a CAGR of 7.18% during the forecast period.

The key players profiled in the report include Advantech, American Portwell Technology, Avalue Technology, B&R Automation, Beckhoff Automation, DFI, IEI Integration Corporation, Kontron S&T, Nexcom International and Siemens. Market players have adopted various strategies such as product launch, collaboration, partnership, joint venture, and acquisition to expand their foothold in the industrial computers market