The key vendors in the global PLC market in the automotive industry 2015-2019 are ABB, Mitsubishi Electric, Rockwell Automation, and Siemens.
London, 23 Oct 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global PLC market in the automotive industry 2015-2019. The rising popularity of PAC is a key trend that is expected to bolster growth in this market during the forecast period. PAC is a controller that intelligently combines the elements of a PC-based controller and a PLC. It also uses a standard communication protocol, which enables them to download and transfer information from various connected systems. The high reliability of such controllers is a major trend that is expected to impel growth in this market during the forecast period and results in its healthy CAGR of around 8.36% by 2019.
The increasing demand for enhanced efficiency is a key driver for the growth of this market. The implementation of PLC systems during the manufacture of automobiles helps in the automation of the electromechanical processes in various industries, which in turn helps the manufacturers to gain a competitive edge over their rivals. Advantages of PLC systems like higher operating margins, better ROI, increased cash flow, improved relationships with stakeholders and employees, and a more favorable corporate and brand image help to augment market growth as they directly influence the revenue generating capacity of manufacturers. This growing demand for high efficiency in the manufacturing stage is expected to impel market growth during the forecast period.
“The demand for complete solutions from automation manufacturers by the automotive industry for their automation requirements has developed the concept of MAC. The MAC handles coordination, installation, and maintenance of all automation and related activities for end-users. This eliminates the hassle of involving too many people in the process,” says Faisal Ghaus, Vice President of Technavio Research.
“The MAC is also responsible for coordinating with other automation manufacturers to provide automation solutions or products that are not available to them. The MAC concept also offers savings ranging from 10% to 30% to the automotive industry when compared with the traditional multi-vendor approach.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global PLC Market in the Automotive Industry 2015-2019, please send an e-mail to media@TechNavio.com
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