The industrial control system market is projected to grow at a considerable CAGR of around 8% during the forecast period (2020-2026). The rising demand for automation in the different industrial sectors such as automotive, energy and utility, medical & lifescience, food and beverage, and others for overall cost reduction is a major factor to drive the growth of the global industrial control system market. Industrial control systems are playing an imperative role in the proper functioning of industries. The growing adoption of emerging advanced technologies such as AI and IoT and their twining with a different type of sensor used in industries are the key factors promoting the growth of the global industrial control systems industry.
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Moreover, a huge investment in industry 4.0 and smart factories is further anticipated to drive the market growth. With the rise in the investment focal point of manufacturers has been increased on dropping the operational and maintenance costs, rolling need for industrial control systems. Here, with the integration of Industry 4.0-ready solutions and IoT, the data can be made available that can assist both ends of the supply chain since information is a more flexible way. Industrial IoT (IIoT) is a sub-application area of IoT that can be used in combination with control systems in various industries such as oil and gas, transportation, automotive, manufacturing, and chemical among others. The ongoing technological advancement in equipment manufacturing is anticipated to offer considerable opportunities to the growth of the global market. However, due to the lack of a skilled workforce and limited awareness regarding industrial security solutions are limiting the growth of the market.
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Market Segmentation
Global Industrial Control System Market by System
• Supervisory Control and Data Acquisition System (SCADA)
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Machine Execution System (MES)
• Product Lifecycle Management (PLM)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Others
Global Industrial Control System Market by Vertical
• Automotive
• Energy and Utility
• Medical & LifeScience
• Food and Beverage
• Others
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• ABB, Ltd.
• Advantech Co., Ltd.
• Bachmann electronic GmbH
• Emerson Electric Co.
• Fortinet, Inc.
• General Electric Co.
• GLC Controls Inc.
• Honeywell International Inc.
• ICONICS, Inc.
• Lockheed Martin
• Microsoft Corp.
• Mitsubishi Electric Corp.
• Omron Corp.
• RACO Manufacturing & Engineering Co., Inc.
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Symantec Corp.
• Trihedral Engineering Ltd.
• Yokogawa Electric Corp.
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