Posted On: 2020-09-04
The growing trend of digital manufacturing along with increasing infrastructural investment would drive the India industrial PC Market-6Wresearch.
Rapid industrialization, virtualization, growing applications of industrial PC across various verticals such as automotive, manufacturing and healthcare coupled with favorable government policies to boost domestic production are expected to augment the industrial PC market growth in India. The recent coronavirus outbreak in the country is anticipated to hamper the industrial PC market growth owing to supply chain disruption and suboptimal capacity utilization in industries resulting in a slump in demand in the current year. However, market demand is anticipated to pick up pace in the near term with the containment of the virus and resumption of .
According to 6Wresearch, India Industrial PC Market size is projected to grow at a CAGR of 10.1% from 2020-26. Increasing demand for automation solutions, adoption of robotics, and Industry 4.0 developments across various industries would pump the growth of the India industrial PC market over the forthcoming years. Further, growing demand from the manufacturing sector would be driven by the need to reduce maintenance and operational costs, inducing an industry-wide shift towards digital manufacturing.
According to Akash Sharma, Senior Research Analyst, 6Wresearch, Based on Type, Din Rail PC and Box PC have acquired the majority of the revenue share in 2019 owing to their wide applications across various sectors such as transportation, smart cities & infrastructure and manufacturing. The demand for Din-rail PCs is expected to pick up in smart cities & infrastructure verticals for parking guidance systems, data logging, fast & reliable data processing and video surveillance.
Also, Panel PCs has also gained significant traction in recent years owing to healthy demand from growing pharmaceuticals & healthcare for vast applications such as asset monitoring and machine control which would result in robust demand for these PCs over the coming years.
According to Yash Gupta, Research Analyst, 6Wresearch, By verticals, the healthcare & pharmaceutical sector captures the highest revenue share in Indian industrial PC market followed by the manufacturing sector. The growing demand for healthcare services, high-end diagnostics machines coupled with significant capital inflow and investments in research & development would continue to generate high demand for industrial PCs during the forecast period.
Further, the transportation segment is anticipated to show the highest growth in India industrial PC market during the forecast period on account of the government’s ambitious plans for rail & road infrastructure development over the coming years and increasing applications in metros and shipping sector which would result in significant growth of industrial PC market.
India industrial PC Market (2020-2026)" report provides an in-depth analysis with 18 figures and 13 tables covered in 95 pages.
The report estimates and forecast the overall India industrial PC Rental market by Type, Data Storage, Maximum RAM Capacity, Verticals and Regions including Eastern, Western, Southern and Northern region. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.