Global Internet of Things (IoT) Discrete Parts Manufacturing Market to Reach $2.8 billion (26.7% CAGR) Until 2022

Albany, US, 2017-Dec-05 — /EPR Network/ —A fresh report has been added to the wide database of Market Research Hub (MRH) titled “Global Internet of Things (IoT) Discrete Parts Manufacturing Market Forecast From 2017-2022” offers a detailed synopsis of this industry and discusses the major factors affecting the growth. The impact on the market over the next few years has also been discussed at length in this study. It further forecasts the size and valuation of the IoT discrete parts manufacturing market for the forthcoming years.

 

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Report Highlights:

 

  • The global market for IoT discrete parts manufacturing was valued at $643.9 million in 2016. This market will grow from $862.6 million in 2017 to $2.8 billion by 2022 with a compound annual growth rate (CAGR) of 26.7% for the period of 2017-2022.
  • The software market will grow from $426.1 million in 2017 to $1.5 billion by 2022 with a CAGR of 28.9%.
  • The hardware market will grow from $365.0 million in 2017 to $1.1 billion by 2022 with a CAGR of 24.8%.

 

Report Includes:

 

  • An overview of the global market for Internet of Things solutions in discrete parts manufacturing
  • Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • Insight into how new technology shaped by requirements for IoT applications will create new product categories or bring new life to existing products
  • A look at factors driving the market, such as lower power and longer battery life, improved networking capability, advanced software solutions, and increased access to real-time data
  • Coverage of applications, including automotive and transportation, aerospace and defense, consumer goods, electronics, heavy machinery, high technology, and power plants
  • Profiles of major players in the industry

Report Scope:

The building of IoT solutions include three main components: hardware, software and networking. The markets are broken down into subsets. Hardware consists of sensors, programmable logic controllers, and distributed control systems. Software involves IoT platforms, big data, and security solutions. Networking is available in wired or wireless configurations.

This report examines the technologies, markets and factors influencing the markets for IoT systems. Markets are forecast based on historical activity and current opportunities; technical advances and challenges; and five subsets of the discrete parts market: automotive and transportation; electronics and computer; consumer goods; aerospace, aviation and defense; and machinery and heavy equipment.

The forecasts presented are for the total available markets. Some discussion is provided that compares actual revenues with market potential. Markets are broken down by technology and sector, and then discussed within the context of technology trends. A detailed analysis of the technology and market potential is used as a basis for estimating world markets for these products. Thorough analyses are carried out of IoT practices, along with trends toward the uptake of solution costs, emerging standards and common practices.

Identification has also been made of the prime decision-maker in the project chain who selects the type and scope of IoT project. Factors influencing the requirements and purchases for the systems are examined, as are national and international responses to global challenges.

With more than two decades of experience, Paul Korzeniowski is a market research analyst and industrial automation consultant. His work has centered on determining major market trends in areas such as the development of new smart factory standards and solutions, integration of various systems, and the emergence of new technologies, such as the Internet of Things. He has authored reports on manufacturing markets for a wide variety of publications, including Investor’s Business Daily, USA Today, Reuters, CIO, Entrepreneur, TechBeacon, Information Week, Computerworld and Newsweek.

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Table of Content:

Chapter 1: Introduction

Study Goals and Objectives

Reasons for Doing This Study

Scope of Report

Information Sources

Methodology

Product Breakdown

Analysts Credentials

Related BCC Research Reports

Chapter 2: Summary and Highlights

Chapter 3: IoT Market and Technology Background

Discrete Parts Manufacturing Industry Trends

What is IoT?

Things Gain Intelligence

The Need to Change

How IoT Benefits the Business

Going Beyond Machine-to-Machine Communication

How Does It Work?

Design Options

Fitting the Pieces Together

Getting a Fresh Start

Industrial IoT Applications Have Business Value

What Has Driven Manufacturing?

Facing IoT Challenges

Shortcomings with Legacy Systems

Revamping Business Processes

A Variety of Devices

Embedded System Challenges

Getting Everything into Harmony

System Limitations

A Complex System

The Network Architecture

 

….continue

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