Global Industrial Electronics
Market Report
2024
The Global Industrial Electronics market will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Industrial Electronics market will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Industrial Electronics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
North America Industrial Electronics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Industrial Electronics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Industrial electronics encompasses the utilization of electronic apparatuses, circuits, and systems in a multitude of industrial activities and manufacturing procedures. It entails the utilization of electronic constituents, control systems, and automation technologies to oversee, manage, and enhance industrial processes, guaranteeing effectiveness, dependability, and safety. Industrial electronics holds immense significance in industries such as manufacturing, energy, transportation, healthcare, and telecommunications. The industry is experiencing growth driven by the increasing advancements and applications of 5G communication as well as the growing emphasis on electric vehicles (EVs) and rapid charging stations.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Industrial Electronics industry.
For instance, STMicroelectronics has introduced the latest MasterGaN devices, which come in 45W and 150W power options. These devices aim to enhance power conversion efficiency. The MasterGaN concept by ST aims to streamline the shift from traditional silicon MOSFETs to the more advanced GaN wide bandgap power technology.
The rising demand for automation across various industries is a pivotal driver in the industrial electronics market. As businesses seek to improve efficiency, reduce production costs, and enhance product quality, there's a growing reliance on automated systems and smart technologies. Industrial electronics, including sensors, controllers, and programmable logic controllers (PLCs), play a vital role in automating manufacturing processes.
Mitsubishi Electric Corporation has recently introduced the T-series 2.0 kV industrial IGBT module, which is the first of its kind with a 2.0 KV withstand voltage IGBT1. This module is designed to enhance the efficiency and decrease the size of power converters used in renewable energy systems. With the growing demand for green power sources, this module is expected to be highly sought after.
These components enable real-time monitoring, precise control, and predictive maintenance, leading to streamlined operations and optimized productivity. Industries such as automotive, manufacturing, and aerospace are increasingly integrating industrial electronics to achieve higher precision, faster production rates, and improved resource utilization. This trend is expected to continue driving the growth of the industrial electronics market globally.
The Industrial Internet of Things (IIoT) is a transformative force in the industrial electronics sector. With the proliferation of connected devices and the advent of 5G technology, industrial electronics are evolving to support seamless connectivity and data exchange. IoT-enabled industrial electronics facilitate remote monitoring, predictive analytics, and intelligent decision-making. Manufacturers are leveraging IoT to create smart factories, where machines communicate with each other, enabling real-time adjustments based on data analytics. This connectivity not only enhances operational efficiency but also enables predictive maintenance, reducing downtime and overall maintenance costs.
With the rapid integration of IoT and connectivity in industrial electronics, security and data privacy have become significant concerns. Industrial systems are increasingly vulnerable to cyber-attacks, which can have severe consequences, including production downtime, data breaches, and compromised safety protocols. Ensuring the security of interconnected devices and safeguarding sensitive data from unauthorized access is a complex task. Companies invest heavily in cybersecurity measures, but the evolving nature of cyber threats requires continuous adaptation and investment.
The COVID-19 pandemic significantly impacted the industrial electronics market in several ways. During the initial stages of the outbreak, widespread lockdowns and supply chain disruptions hampered manufacturing operations, leading to a slowdown in demand for industrial electronics components and systems. Many industries faced challenges in sourcing electronic parts, causing delays in production schedules. However, as the pandemic progressed, the need for automation and digitalization became even more apparent. Industries accelerated their adoption of industrial electronics to optimize operations, enable remote monitoring and control, and ensure worker safety through reduced physical interaction.
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The competitive landscape also witnesses a surge in service providers offering maintenance, repair, and support services, ensuring the seamless operation of industrial electronics systems. As the market evolves, collaborations between established companies and startups are likely to increase, fostering a culture of innovation and driving the industrial electronics sector toward a future defined by smart, connected, and sustainable solutions.
Top Companies Market Share in Industrial Electronics Industry: (In no particular order of Rank)
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Global Industrial Electronics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Electronics Industry growth. Industrial Electronics market has been segmented with the help of its Type, Application , and others. Industrial Electronics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The semiconductor capital equipment stands out as the dominant category in the market. This segment encompasses a wide array of specialized machinery and tools crucial for the fabrication of semiconductor devices. Semiconductor manufacturing is the cornerstone of modern electronics, powering everything from smartphones to advanced computing systems. The demand for smaller, faster, and more powerful electronic devices has intensified the need for cutting-edge semiconductor manufacturing technologies. Semiconductor Capital Equipment includes devices like lithography machines, chemical vapor deposition systems, and wafer inspection tools, which are indispensable in the production of integrated circuits.
According to Cognitive Market Research, automation systems emerge as the fastest-growing category. Automation systems comprise a diverse range of technologies, including programmable logic controllers (PLCs), sensors, and robotics, designed to automate industrial processes. As industries worldwide embrace the paradigm of Industry 4.0, automation systems are at the forefront of this transformation. These systems optimize production efficiency, enhance quality control, and significantly reduce operational costs. Automation not only accelerates manufacturing processes but also ensures precision and consistency, making it indispensable across various sectors such as automotive, aerospace, and electronics manufacturing. With the integration of artificial intelligence and machine learning, automation systems are becoming smarter, enabling predictive maintenance, adaptive manufacturing, and real-time data analytics.
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According to Cognitive Market Research, power electronics play a pivotal role, making it the dominant category in the market. Power electronics are indispensable for controlling and converting electrical power in various industrial applications. They are crucial in ensuring efficient energy usage, regulating voltage and current, and managing power distribution networks. Industries rely on power electronics for applications like motor drives, uninterrupted power supplies (UPS), and renewable energy systems, making them vital for enhancing productivity and reducing energy consumption. With the global push towards energy efficiency and sustainable practices, the demand for power electronics has surged.
Industrial robots represent the fastest-growing category. These robots are revolutionizing manufacturing processes by offering automation, precision, and efficiency. In an era where industries are increasingly embracing automation to enhance productivity and reduce labor costs, industrial robots have found widespread application. They are utilized in tasks ranging from assembly and welding to material handling and quality control. With advancements in artificial intelligence and machine learning, industrial robots are becoming smarter and more adaptable, enabling them to handle complex tasks in diverse industrial settings. The rising trend of smart factories and Industry 4.0, emphasizing automation and data exchange in manufacturing technologies, has fueled the demand for industrial robots.
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According to Cognitive Market Research, the Asia Pacific region stands as the epicenter of the global Industrial Electronics market, commanding a substantial 42% share. This dominance is attributed to the region's robust industrial infrastructure, burgeoning manufacturing sector, and the presence of key electronics production hubs. Countries like China, Japan, and South Korea have emerged as major players in the Industrial Electronics market, boasting advanced technology adoption and substantial investments in research and development.Asia Pacific's leadership in the Industrial Electronics market, primarily fueled by countries like China, underscores the region's pivotal role in shaping the future of electronics manufacturing. With a focus on technological innovation, strategic investments, and a burgeoning demand for electronic devices, Asia Pacific is poised to maintain its dominant position in the global Industrial Electronics landscape.
North America has emerged as a dynamic and rapidly growing hub in the global Industrial Electronics market, contributing significantly to the sector's expansion. With a strong emphasis on innovation, research, and development, the region hosts several prominent players in the industrial electronics domain. The United States, in particular, stands out as a leader, with a mature industrial sector and a focus on cutting-edge technology adoption. Additionally, Canada's expertise in precision manufacturing and Mexico's role as a manufacturing outsourcing destination further bolster the region's industrial electronics capabilities. North America's industrial electronics market, with a remarkable 23% growth rate, reflects the region's commitment to technological advancement and operational excellence. The strategic focus on automation systems has positioned North America as a frontrunner in the global industrial electronics landscape. As industries evolve and digitize, the region is poised to maintain its rapid growth, shaping the future of industrial electronics worldwide.
The current report Scope analyzes Industrial Electronics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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North America Industrial Electronics Market Analysis:
According to Cognitive Market Research, North America has emerged as a dynamic and rapidly growing hub in the global Industrial Electronics market, contributing significantly to the sector's expansion. With a strong emphasis on innovation, research, and development, the region hosts several prominent players in the industrial electronics domain. The United States, in particular, stands out as a leader, with a mature industrial sector and a focus on cutting-edge technology adoption. Additionally, Canada's expertise in precision manufacturing and Mexico's role as a manufacturing outsourcing destination further bolster the region's industrial electronics capabilities.North America's industrial electronics market, with a remarkable 23% growth rate, reflects the region's commitment to technological advancement and operational excellence. The strategic focus on automation systems has positioned North America as a frontrunner in the global industrial electronics landscape. As industries evolve and digitize, the region is poised to maintain its rapid growth, shaping the future of industrial electronics worldwide.
Europe Industrial Electronics Market Analysis:
According to Cognitive Market Research, Europe stands as a beacon of industrial innovation, boasting a robust industrial electronics sector that is pivotal to the continent's economic prowess. With a 28% market share, Europe leads in the production and adoption of advanced industrial electronics solutions. The region’s industrial landscape is characterized by a harmonious blend of traditional manufacturing and cutting-edge technology integration, ensuring efficiency, precision, and sustainability across various sectors.Europe's industrial electronics sector is marked by relentless innovation, stringent quality standards, and a commitment to environmental sustainability. The region’s forward-thinking approach, coupled with strategic investments in research and development, positions it as a global leader in the industrial electronics market. With a 28% market presence, Europe continues to drive technological evolution, shaping the future of industrial automation and control systems on a global scale. As Europe embraces Industry 4.0 principles, the industrial electronics market is poised for further growth and transformation, solidifying the region's standing as a hub of industrial excellence.
Asia Pacific Industrial Electronics Market Analysis:
According to Cognitive Market Research, Asia Pacific region stands as the epicenter of the global Industrial Electronics market, commanding a substantial 42% share. This dominance is attributed to the region's robust industrial infrastructure, burgeoning manufacturing sector, and the presence of key electronics production hubs. Countries like China, Japan, and South Korea have emerged as major players in the Industrial Electronics market, boasting advanced technology adoption and substantial investments in research and development.Asia Pacific's leadership in the Industrial Electronics market, primarily fueled by countries like China, underscores the region's pivotal role in shaping the future of electronics manufacturing. With a focus on technological innovation, strategic investments, and a burgeoning demand for electronic devices, Asia Pacific is poised to maintain its dominant position in the global Industrial Electronics landscape.
South America Industrial Electronics Market Analysis:
According to Cognitive Market Research, Latin America, with its rich industrial heritage and growing technological infrastructure, contributes significantly to the global industrial electronics market. Despite challenges, the region holds a 5% market share, reflecting a steady adoption of industrial electronic solutions. Latin American countries are progressively integrating advanced automation, control systems, and semiconductor equipment into their industries, fostering efficiency and competitiveness.Latin America's industrial electronics sector, though representing 5% of the global market, demonstrates resilience and potential. The region's industries are adopting innovative solutions to address operational challenges and improve productivity. Collaborations between local businesses and international manufacturers are facilitating the transfer of technology and expertise, catalyzing industrial growth. As Latin American economies continue to evolve, the demand for advanced industrial electronics is expected to rise, creating opportunities for both regional and international players. With strategic investments and a focus on skill development, Latin America is poised to expand its footprint in the global industrial electronics market, contributing to the industry'soverall innovation and progress.
Middle East and Africa Industrial Electronics Market Analysis:
According to Cognitive Market Research, the Middle East and Africa, accounting for 2.00% of the global industrial electronics market, represent a burgeoning landscape of industrialization and technological advancement. Despite challenges, including infrastructural constraints and geopolitical factors, the region has witnessed a gradual integration of industrial electronics across diverse sectors. Investments in industrial automation, IoT-based solutions, and advanced manufacturing processes have fueled the growth of this market segment.The Middle East and Africa's industrial electronics sector, constituting 2.00% of the global market, is a testament to the region's resilience and determination to embrace technological advancements. Collaborations between local enterprises and international industrial electronics providers have facilitated the transfer of knowledge and expertise, fostering innovation. Despite challenges, the region's industrial landscape is evolving, driven by a commitment to enhancing productivity and sustainability. With strategic investments, focused research, and international partnerships, the Middle East and Africa are poised for significant growth in the industrial electronics market, contributing to the sector's global innovation and development.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Electronics Market is witnessing significant growth in the near future.
In 2023, the Semiconductor Capital Equipment segment accounted for noticeable share of global Industrial Electronics Market and is projected to experience significant growth in the near future.
The Power Electronics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Altera Corporation , Cactus Semiconductor Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Semiconductor Capital Equipment, Process Control Instrumentation/Environmental Controls, Test And Measuring (TandM) Instruments, Automation Systems, Others |
Application | Power Electronics, Dc/Ac Converters, Material Handling, Industrial Robots |
List of Competitors | Altera Corporation, Blueradios Inc., Cactus Semiconductor Inc, General Electric Company, Schneider Electric, ABB, Vishay Intertechnology, Analog Devices Inc., Dover Corporation, Maxim Integrated Products, Infineon Technologies, Siemens, Rockwell Automation, Honeywell, Intel, Fuji Electric, Fujitsu Limited |
This chapter will help you gain GLOBAL Market Analysis of Industrial Electronics. Further deep in this chapter, you will be able to review Global Industrial Electronics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Industrial Electronics Market Trends North America Industrial Electronics Technological Road Map North America Industrial Electronics Market Drivers North America Industrial Electronics Market Restraints North America Industrial Electronics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Electronics market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Semiconductor Capital Equipment have a significant impact on Industrial Electronics market? |
What are the key factors affecting the Semiconductor Capital Equipment and Process Control Instrumentation/Environmental Controls of Industrial Electronics Market? |
What is the CAGR/Growth Rate of Power Electronics during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Electronics Market? |
Which region is expected to dominate the global Industrial Electronics Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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