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PC-Based Automation Market Worth $38.01 Billion by 2023
January 26, 2018 | PRNewswireEstimated reading time: 2 minutes
According to the new market research report "PC-based Automation Market by Offering (Hardware and Software), Component (IPCS, HMIS, PLCS, SCADA), Sales Channel (Direct Sales and Indirect Sales), Industry (Process and Discrete), and Geography - Global Forecast to 2023", published by MarketsandMarkets, the market is expected to grow from $29.92 billion in 2018 to $38.01 billion by 2023, at a CAGR of 4.9% between 2018 and 2023. Some of the major factors driving the growth of the PC-based automation market are the evolution of IIoT and rising demand for smart automation solutions, increasing need for efficient monitoring in manufacturing plants, and growing emphasis on regulatory compliances.
PC-Based automation market for software to grow at a higher rate between 2018 and 2023
Key market players such as Siemens, General Electric, Rockwell, and Mitsubishi Electric are releasing updated versions of software to offer advanced solutions to end users. Software upgrades are necessary for the proper functioning of PC-based automation systems. This upgraded software comes with advanced features and functionalities, which improve the overall performance of manufacturing processes. These factors are contributing to the growth of the PC-based automation market for software.
Direct sales channels to hold a larger share of the market during the forecast period
Direct sales involve the selling of PC-based automation systems directly through a manufacturing company's in-house sales staff. The players in the PC-based automation market manufacture and supply PC-based automation systems directly to end-user industries through these channels. Direct sales channels offer various advantages to PC-based automation system manufacturers; they cater to the customization requirements of end-user industries and eliminate resellers' markup and the costs and risks associated with carrying large finished goods inventories. Due to these factors, the market for direct sales channels is expected to grow at a high rate during the forecast period.
Market for aerospace & defense industry to grow at a high rate between 2018 and 2023
Among all the discrete industries, the PC-based automation market for the aerospace & defense industry is expected to grow at a high rate during the foreacst period. Manufacturing operations in the aerospace & defense industry are complex. Hence, manufacturers in this industry are primarily emphasizing on controlling component supplies, improving product quality, shortening production cycles, and employing efficient manufacturing processes. Further, the adoption of PC-based automation solutions in the aerospace & defense industry ensures the proper functioning of the equipment in manufacturing plants. These solutions offer real-time visibility of plant floors, thereby helping manufacturers in the aerospace & defense industry analyze their production processes, equipment conditions, and process defects, if any.
APAC to hold the largest share of the PC-based automation market by 2023
The PC-based automation market in APAC is expected to surpass the growth of the market in North America by 2023. In APAC, countries such as India, China, and Japan play an important role in the overall growth of the PC-based automation market. In India, increasing infrastructural investments and government initiatives such as "Make in India" are supporting market growth. The Government of India is encouraging foreign companies to invest in the country to build their manufacturing facilities. Further, in China, the high adoption of advanced manufacturing technologies and government initiatives such as "Made in China 2025" are likely to accelerate the growth of the market for advanced manufacturing technologies, including PC-based automation.
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