Industrial PC Market expected to reach $6.6 billion in 2028

 

The report "Industrial PC Market by Type (Panel, Rack Mount, Embedded, and DIN Rail), Specification (Data Storage Medium, Maximum RAM Capacity, Display Type), Sales Channel (Direct, Indirect), Industry (Process, Discrete) and Region - Global Forecast to 2028" The industrial PC market is projected to grow from USD 5.0 billion in 2023 to USD 6.6 billion in 2028; it is expected to grow at a CAGR of 5.5% from 2023 to 2028. The growth of the market attributed to the stringent regulatory requirements to ensure safety and security in production plants and high demand for industrial IoT by manufacturing companies driving the industrial PC market.

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Panel industrial PCs to hold the largest market share of the industrial PC market from 2023 to 2028.

Panel industrial PCs are equipped with powerful processors to achieve high computing power; these PCs offer multiple expansion slots for add-on boards. Panel industrial PCs are easy to deploy for demanding applications across a wide range of industries. The resistive touchscreen technology used in these PCs allows the user to perform tasks even by wearing gloves. Compact chassis, high performance, enhanced flexibility, improved safety control, and user-friendly touchscreens are some of the key features of panel industrial PCs.

Direct sales market for industrial PC to grow at higher CAGR during the forecast period.

Direct sales channels involve the selling of industrial PCs directly through a manufacturing company’s in-house sales staff. Players in the industrial PC market sell industrial PCs to end-user industries directly through their staff. Direct channels help end-user industries to choose the correct specification and get customized PCs according to their requirements. Several leading industrial PC providers, such as Kontron and Advantech, along with IEI Integration and Avalue Technology, prefer supplying industrial PCs and related products directly to end-user industries.

Discrete industries of industrial PC market to grow at higher CAGR from 2023 to 2028

The increasing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply chain management, and the constant pressure in terms of reducing maintenance and operation costs are the major factors that would drive the adoption of industrial PCs in discrete industries. Furthermore, the increasing focus of automobile companies to develop quality products at competitive prices and the growing demand for high-end automobiles are driving the growth of the industrial PC market for discrete industries.

Asia Pacific to be the fastest-growing market for industrial PCs during forecast period

The industrial PC market in Asia Pacific is expected to grow at the highest CAGR during 2023—2028. China and Japan are major markets for industrial PCs in Asia Pacific. Japan is home to major automobile manufacturers and suppliers currently facing the challenge of high labor costs and increased lead times of manual production. Hence, companies are adopting automated and semi-automated material handling solutions to overcome these challenges. The rising use of industrial automation technologies in these countries fuels the growth of the market for industrial PCs in Asia Pacific.

Key players operating in the market include Advantech Co., Ltd., (Taiwan), Beckhoff Automation (Germany), IEI Integration Corporation (Taiwan), Siemens (Germany), B&R Automation (Austria), Kontron (Germany), Avalue Technology Incorporation (Taiwan), DFI (Taiwan), NEXCOM International Co., Ltd., (Taiwan), and American Portwell Technology Inc. (US).

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NDT and Inspection Market expected to reach $18.5 billion by 2028

 

The report "NDT and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Terahertz Imaging, Acoustic Emission), Method, Service, Application, Vertical and Region - Global Forecast to 2028" The global NDT and Inspection market size is estimated to be USD 10.3 billion in 2023 and is projected to reach USD 18.5 billion by 2028, at a CAGR of 10.1% during the forecast period. Key factors propelling the market growth include a rising focus on public safety concerns, increasing demand in oil & gas, power generation, and public infrastructure sectors, increasing demand for artificial intelligence in NDT and inspection, and rising demand for NDT in industrial automation and electronics.

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Ultrasonic technique segment to hold the largest market share in NDT and Inspection market

The ultrasonic technique can be carried out easily, as compared to other techniques. It is lesser complex and is easy for the operators and inspectors to carry out. Hence, the ultrasonic technique tends to hold a major market share in the NDT and Inspection market in 2022, and a similar trend is expected during the forecast period. In ultrasonic testing, high-frequency sound waves are used to detect flaws or variations in the properties of materials. It can also be used to measure the thickness of a wide range of metallic and non-metallic materials.

Following are a few methods of ultrasound testing:

• Straight beam testing
• Angle beam testing
• Immersion ultrasound testing
• Phased array testing
• Time-of-flight diffraction testing
• Guided wave testing
• Process Compensated Resonance Testing (PCRT)

Power Generation segment to hold the largest market share

The NDT and Inspection market for the power generation segment held the largest market share. The segment’s growth can be attributed to the growing demand for public safety, especially labor safety in power plants, as power plants’ equipment is most vulnerable to damage and can cause hazardous effects if not operated and maintained properly. Hence, timely testing and inspection of power plants have to be taken care of, which in turn, scales up the market for the power generation segment.

Inspection Services segment is expected to hold the highest market share during the forecast period

The NDT and Inspection market for the Inspection Services segment is likely to hold the highest market share in 2022 as well as during the forecast period. The segment’s growth can be attributed to the definite and prominent higher adoption of inspection services out of all services in the NDT and Inspection market. Any sector, be it public infrastructure, power generation, aerospace, automotive, manufacturing, or oil & gas, requires inspection at regular intervals. Hence, inspection services are predominant in the service segment of the NDT and Inspection market for all the verticals.

Asia Pacific region to grow at the highest CAGR between 2023 – 2028

Asia Pacific is expected to dominate the NDT and Inspection market in terms of value in 2028 and grow at the highest CAGR during the forecast period. The regional market’s growth can be attributed to the increasing public infrastructure projects as well as the growth of power generation sectors, which henceforth require NDT and Inspection keeping in regard to the public safety and stringent government regulations in the region. The major driver for the growth of the NDT and inspection market in this region is the inclination toward alternative energy generation sources, such as nuclear power, wind turbines, and hydroelectricity, owing to the rapid depletion of natural resources, which leads to increased foreign direct investment (FDI).

A few of the key players in the NDT and Inspection market are General Electric (US), MISTRAS Group (US), Olympus Corporation (Japan), Ashtead Technology (Scotland), and Nikon Metrology NV (UK).

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$9.4 Billion 3D Sensor Market the Present and Future of 3D Sensing

 

The report "3D Sensor Market with COVID-19 Impact, by Type (Image Sensors, Position Sensors), Technology (Time of Flight, Structured Light), End-use Industry (Consumer Electronics, Industrial Robotics, Automotive), and Region, Global Forecast to 2026 ", size is estimated to be USD 2.7 billion in 2021 and is projected to reach USD 9.4 billion by 2026; it is expected to grow at a CAGR of 28.1% from 2021 to 2026. Factors such as growing penetration of 3D depth sensors in various devices and increased demand for virtual reality in gaming consoles are likely to provide opportunities for market growth.

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The 3D sensor market includes major Tier I and II players like Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), Sony Corporation (Japan), Cognex Corporation (US), Lumentum Operations LLC (US), and others. These players have a strong market presence for 3D sensor across various countries in North America, Europe, APAC, and RoW.

Rising demand for 3D sensing-enabled consumer electronics

Initially, the application of 3D sensors was primarily limited to the gaming sector; however, with further technological advancements and R&D, the application areas of 3D sensors have increased. Currently, 3D sensors are implemented on laptops, smartphones, and various electronic gadgets. This can be attributed to the growing consumer demand for advanced features in smartphones and other electronic gadgets.

3D image sensor type is expected to grow at the highest rate during the forecast period

In the consumer electronics industry, 3D image sensors are increasingly being used in digital cameras, camera modules, and other imaging devices. Companies such as Apple Inc. (US), Google Inc. (US), and Microsoft Corporation (US) incorporate 3D image sensors into smartphones, tablets, laptops, and other devices. In 2018, Huawei (China), a prominent manufacturer of smartphones, introduced a new smartphone, Honor Magic 2, with a 3D camera and graphene heat pipe. In 2020, Apple launched iPhone 12 Pro with ToF 3D sensor. In March 2019, Samsung launched a new smartphone model, S10, with Qualcomms 3D Sonic fingerprint sensor, which is also present in its next-generation smartphone. These developments in smartphones are expected to boost the 3D sensor market during the forecast period.

Consumer electronics end-use industry to hold the largest market size of 3D sensor market  during the forecast period

The consumer electronics end-use industry is expected to hold the highest market share between 2021 and 2026. Biometric scanning and other cutting-edge 3D sensing technologies are redefining the world of consumer electronics. 3D sensing plays an important role across consumer electronics, such as facial recognition in smartphones, laptops, and tablets; high-performance in-depth sensing in photography; and AR/VR applications in gaming consoles. Microsoft Kinect, having game recognition abilities, has transformed the home gaming industry with advancements such as multi-player 3D position sensing, facial expression detection, and touchless heart rate monitoring. Intelligence, reliability, low power consumption, and low cost are the drivers for the integration of 3D sensing technology in consumer electronics.

3D sensor market in North America to hold the highest market share during the forecast period

North America is expected to lead the global 3D sensor market. The growth of the market in this region can be attributed to the presence of key manufacturers of consumer electronics with a high adoption rate of new technologies. The growth of the consumer electronics industry is another factor driving the 3D sensors market in this region. The presence of key manufacturers of sensors such as Intel, Lumentum, Cognex Corporation, and OmniVision Technologies drives the market across the US. Companies such as Google, Microsoft, and Apple are investing in 3D sensing technologies across consumer electronics and robotics applications. These factors have contributed to the huge growth of the 3D sensor market in North America.

Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), Sony Corporation (Japan), Cognex Corporation (US), Lumentum Operations LLC (US), ifm electronic gmbh (Germany), Intel Corporation (US), KEYENCE CORPORATION. (Japan), LMI Technologies Inc. (Canada), Microchip Technology Inc. (US), II-VI Incorporated (US), AIRY3D (Canada), ASUSTeK Computer Inc. (Taiwan), CronAI (UK), Leuze electronic GmbH + Co. KG (Germany), Mantis Vision ltd. (Israel), Melexis NV (Belgium), Microsoft (US), Occipital, Inc. (US), Orbbec 3D (US), Panasonic Corporation (Japan), Qualcomm Technologies, Inc. (US), Quanergy Systems, Inc. (US), Samsung (South Korea), and SICK AG (Germany) are among the many players in the 3D sensor market.

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Automatic Tube Cleaning System Market expected to reach $143 million by 2028

 

The report "Automatic Tube Cleaning System Market by Type (Automatic Ball Tube Cleaning System, Automatic Brush Tube Cleaning System), Industry (Power Generation, Oil & Gas, Commercial Spaces, and Hospitality), Application and Region - Global Forecast to 2028" The global automatic tube cleaning system market size is estimated to be USD 117 million in 2023 and is projected to reach USD 143 million by 2028, at a CAGR of 4.0%. Automatic tube cleaning systems reduce the frequency of costly maintenance shutdowns while optimizing equipment function and increasing energy savings. Automated tube cleaning systems frequently work to eliminate the formation of deposits, thereby decreasing the frequency of costly maintenance shutdowns while optimizing equipment function.

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Automatic ball tube cleaning system to grow at the highest CAGR during the review period

Automatic ball tube cleaning system is an inline cleaning system, which means that there is no need to shut down the plant for periodic cleaning of heat exchanger tubes or interrupt the plant operation. The cleaning can be done without interrupting the process. The key players which provide automatic ball tube cleaning systems are Taprogge Gmbh (Germany), Beaudrey (France), and Western Engineering, Inc (U.S.)

Power generation industry to grow at the highest CAGR during the forecast  period

Power generation industry is likely to grow at a higher CAGR during the forecast period. The automatic tube cleaning system is used to increase the cooling capacity and energy savings in heat exchangers. It is cost-effective, which reduces carbon footprint and helps heat exchangers operate at peak efficiency.

Asia Pacific to be the fastest growing market during the forecast period

The increasing population and rapidly growing industrialization have made China and India the largest electricity producers in the world. Also, the APAC region has a booming commercial space industry. The growing need for energy saving and improving operational efficiency in refineries and commercial spaces drives the market for automatic tube cleaning systems in APAC. Moreover, the increase in demand for electricity due to growing urbanization and population increases the need for power plants to generate sufficient electricity for usage. These factors are driving the growth of automatic tube cleaning systems in Asia Pacific.

Major companies operating in the automatic tube cleaning system market include Taprogge Gmbh (Germany) BEAUDREY (France), WesTech Engineering, LLC (U.S.), Ovivo (Canada), Balltech Energy Ltd.(Israel) and among others

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Smart Home Market to Reach $138.9 Billion by 2026 : Connected Devices Driving Market Growth

 

The most significant factors driving the growth of the smart home market is the increasing importance of home monitoring in remote locations and growing concern regarding safety, security and convenience among general population, the increasing number of internet users and growing adoption of smart devices along with growing need for energy-saving and low carbon emission-oriented solutions has been crucial for increased demand of smart home systems.

The report Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen, Smart Furniture), Software & Services, Sales Channel, and Region.

The global smart home market is projected to grow from USD 84.5 billion in 2021 to USD 138.9 billion by 2026; it is expected to grow at a CAGR of 10.4% from 2021 to 2026.

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396 Market Data Tables
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The smart furniture to register the highest CAGR during the forecast period.

The market for smart furniture is expected to grow at the highest CAGR during the forecast period. The shifting trend of the adoption of furniture that can be connected to IoT, coupled with increasing disposable income and changing lifestyle, is expected to contribute to the growth of the market. In addition, due to escalating property prices, many people are opting for smaller living spaces. Owing to space constraints, consumers prefer smart furniture that saves a significant amount of space. Smart furniture offer multiple benefits to consumers as they occupy minimal space, along with being interactive and transformative.

Key Players

1. Honeywell (US),
2. Siemens (Germany),
3. Johnson Controls (Ireland),
4. Schneider Electric (France),
5. ASSA ABLOY (Sweden),
6. Amazon (US),
7. Apple (US),
8. ADT (US), ... Many More.

APAC to register highest CAGR in Global smart home market during 2026

The market in APAC is expected to grow at the highest CAGR during the forecast period. The growing inclination toward smart building infrastructure in developing economies of the region, such as Japan, South Korea, and China, a huge customer base, and rapid technological advancements in smart home products are driving the development of the market in APAC. Moreover, in developed countries, including Japan and South Korea, government initiatives such as net-zero homes are driving the smart home market. Furthermore, the market in Australia is mainly driven by consumer interest, while rapid housing developments in China are expected to increase the penetration of smart home systems in the country.

Many more Major players in the smart home market are Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), Samsung Electronics (South Korea), Crestron Electronics (US), LG Electronics (South Korea), and Legrand (France). Apart from these, Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), SimpliSafe (US), Armorax (US), Canary (US), and Lutron (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

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Common-mode Chokes Market expected to reach $820 Million by 2028

The report "Common-mode Chokes Market by Type (Data Line, Power Line, Signal Line), Verticals (Aerospace & Defense, Automotive, Commercial, Consumer Electronics, Industrial) and Region - Global Forecast to 2028" The Common-mode Chokes Market is projected to grow from USD 629 Million in 2023 to USD 820 Million by 2028; it is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the market is attributed to the increasing adoption of common-mode chokes in consumer electronics, growing trend towards industrial 4.0 technology, rising demand in automotive and transportation application. Proliferation of stringent regulation related to  emission of electromagnetic energy causing EMI is expected to create growth opportunities for the market.

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Power line type to account for a larger share of common-mode chokes market in 2023

Power line common-mode chokes are expected to command the market during the forecast period. Common-mode choke manufacturers are keen on offering low-profile, miniature common-mode chokes

that efficiently help attenuate common-mode noise in both power and data line applications. For example,Coilcraft Inc. offers LPD, MSD, and PFD common-mode chokes that provide filtering in a single, low-profile, miniature device.

Consumer electronics segment to lead common-mode chokes market in 2023

Common-mode chokes in the consumer electronics vertical find applications in LCD (liquid-crystal display) panels, power cables, USB drives, computers, laptops, monitors, television sets, etc. Innovations in sensor technology and a rising focus on the miniaturization of electronic components integrated into consumer electronics and household products are likely to generate growth opportunities for the providers of common-mode chokes. These electronic products include digital and analog circuitries installed very close to each other, thereby creating common-mode noise and electromagnetic interference, which can cause malfunction and degradation in the performance of electrical equipment. New regulations and standards defined for consumer electronic appliances are further boosting the adoption of common-mode chokes. It will also drive the development of technologically advanced common-mode chokes.

Market in Asia Pacific to hold significant opportunities for the market during forecast period

There is an increased demand for common-mode chokes in Asia Pacific, especially from major countries such as China, Japan, South Korea, and India. The growth of the common-mode chokes market in Asia Pacific can be attributed to increased investments across industries in factory automation and the booming electronics manufacturing sector. Ongoing technological innovations and the increasing adoption of automation technology in various industries have accelerated the demand for common-mode chokes in the region. According to the International Federation of Robotics Report 2022, Asia Pacific held the world’s largest industrial robot market, such that in 2021, 73% of the newly deployed robots were installed in Asia Pacific. The dense population and the growth in per capita income, along with large-scale industrialization and urbanization, will create lucrative opportunities for the players in the common-mode chokes market.

Key players

Major vendors in the common-mode chokes market include Eaton (Ireland), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Schaffner Holding AG (Switzerland), and YAGEO Group (Pulse Electronics) (Taiwan) among others.

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Focused Ion Beam Market expected to reach $1.8 billion by 2028

 

The report "Focused Ion Beam Market by Ion Source (Ga+ Liquid Metal, Plasma, Gas Field), Application (Failure Analysis, Nanofabrication, Device Modification, Circuit Edit, Counterfeit Detection), Vertical and Region - Global Forecast to 2028" The global focused ion beam market is projected to reach USD 1.8 billion by 2028 from an estimated USD 1.3 billion in 2023, at a CAGR of 7.0% from 2023 to 2028. The growth of the focused ion beam market can be attributed to requirement for ion beam lithography technology-integrated FIB systems and deployment of focused ion beam systems for applications in material science industry.

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Failure analysis segment will record the highest CAGR in the focused ion beam market during the forecast period

The failure analysis segment will record the highest CAGR in the focused ion beam market during the forecast period. The growth can be attributed to the increased use of FIB systems for carrying out failure analysis of components or devices to recognize the cause of their failure during the manufacturing process. Manufacturers use FIB systems to test and analyze the performance of different components or devices, leading to an increased demand for these systems from the electronics & semiconductor vertical.

In 2022, electronics & semiconductor vertical accounted for the largest share of the focused ion beam market

In 2022, the electronics & semiconductor vertical accounted for the largest share of the focused ion beam market. A similar trend is likely to be observed during the forecast period. The growth can be attributed to the increased adoption of organic growth strategies, such as product launches by manufacturers of FIB systems used in the electronics & semiconductor vertical. For instance, in 2021, Thermo Fisher Scientific Inc. launched Helios 5 EXL Wafer DualBeam designed to meet increasing sample volumes and analysis needs of semiconductor manufacturers as they scale operations.

Focused ion beam market in Asia Pacific is projected to register the highest CAGR during the forecast period

The focused ion beam market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Increasing government initiatives and investments from technologically emerging and developed countries in the region, including India, Japan, and China, are influencing the deployment of FIB systems in the region. For instance, the Government of India is focusing on establishing semiconductor fabrication plants in the country. In relation to this, ISMC Digital, a consortium of investors, is planning to build a manufacturing facility in India worth USD 3 billion. In addition, Foxconn, the Taiwanese firm that assembles iPhones, and Vedanta, an Indian mining company, have teamed up to build a USD 19.5-billion chipmaking facility in India. This is expected to fuel the growth of the focused ion beam market in the country as FIB systems are widely used for failure and material analyses in the electronics & semiconductor industry.

Thermo Fisher Scientific Inc. (US); ZEISS International (Germany); Hitachi, Ltd. (Japan); JEOL Ltd. (Japan); TESCAN ORSAY HOLDING, a.s. (Czech Republic); Eurofins Scientific (Luxembourg); A&D Company, Limited (Japan); Veeco Instruments Inc. (US); Raith GmbH (Germany); and FOCUS GmbH (Germany); are some of the key players in the focused ion beam market.

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About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC.
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