Summary Digital Transformation Transforms Industrial Automation Hardware Market The global market for automation hardware is undergoing a significant change as manufacturers adopt automation solutions with more complex architectures, and software-based PLCs are an increasingly “notable vector of transformation” for the PLC market, according to a new report from global technology intelligence firm ABI Research. Makers of next-generation human machine interfaces (HMIs), industrial personal computers (IPCs) and programmable logic controllers (PLCs) are adapting to the growing digital transformation within manufacturing. They are attempting to identify best-of-breed offerings, leverage the increasing openness of products and integrate these assets into a comprehensive overarching solution. ABI Research predicts each market will see strong growth over the next ten years with the total market forecast to increase from a current value of US$38.7 billion in 2023 to US$64 billion in 2033. The PLC market is the largest segment with sales projected to reach US$30 billion by 2033. “PLC market growth is driven by new manufacturing requirements, such as for smart connected products, EVs and battery manufacturing,” said James Prestwood, industrial and manufacturing industry analyst. “New production techniques and a “digital-first” mindset are also encouraging new automation solutions like software-based PLCs,” said Prestwood. The trend […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
