Assessment of the Total Available Market for the Industrial Internet of Things (IIoT) - Forecasts & Analysis from 2015 to 2021

  • ID: 3934395
  • Report
  • Region: Global
  • 62 Pages
  • Semicast
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Global Revenues for Industrial Electronics Valued over $800 Billion in 2015, while Semiconductor Revenues in the Industrial Sector are Estimated to have Values almost $41 Billion

The report defines the industrial electronics market to include traditional areas such as factory automation, motor drives, lighting, building automation, surveillance, test & measurement and power & energy, as well as medical and industrial transportation equipment such as construction and mining; aerospace & defense is excluded. Using this definition the author estimates that global revenues for industrial electronics totaled just over $800 billion in 2015, while semiconductor revenues in the industrial sector are estimated to have totaled almost $41 billion.

The Internet of Things (IoT) has been the key focus area for the electronics and semiconductor industry for the last five years. It is the author’s view that Industrial IoT can be broadly described as intelligence and connectivity being added to ever smaller, distributed, remote industrial devices. This includes obscure, somewhat dull product categories, such as pressure measurement, proximity sensors and motion detectors, which offer none of the glamor and allure of smart phones, smart watches or wearables, but which nonetheless are manufactured in volumes of tens of millions of units per year. Unlike wearables and other smart things, demand for these devices is established and their market sizes known; the trend of IIoT is for more of them to be intelligent and connected. This intelligence and connectivity increasingly comes from the addition of sub-$1 32-bit microcontrollers, together with wireless communications such as 6LoWPAN, Bluetooth/BLE, LoRa, NFC, Sub-1/2.4 GHz, Wi-Fi and ZigBee. These intelligent connected industrial devices generate the Little Data which has never previously been captured, to be processed locally or fed straight to the Cloud for Big Data analytics, thus creating the Industrial IoT of smart buildings, cities, factories, grid, medical, payment and security.

This study does not provide revenue and unit estimates specifically for intelligent and connected industrial devices since that cannot be reliably forecast. Instead, the author has used its more than ten years’ experience of the industrial electronics market to present the total available market for more than 130 industrial and medical electronics equipment types, including dumb, intelligent, connected and isolated equipment. There then follows an assessment of the total number of devices available to be connected to the IIoT, which either already have intelligence and connectivity (such as PLCs), or are judged suitable to have it added (such as LED lighting). Base year is 2015, with forecasts provided to 2021.

Industrial/Medical Equipment Coverage

The equipment types analyzed in the study are as follows:

- Factory Automation & Control: Control & Compute [Industrial Ethernet Infrastructure, Computer Numerical Control, Industrial PCs, Embedded Computer Boards & Modules, HMIs & Operator Panels, Machine Vision Inspection Systems, PLCs & PACs, Distributed & Remote I/O Modules] ; Process Measurement & Field Instruments [Process Analytical Instruments, Flow Measurement, Level Measurement, Pressure Measurement, Temperature Measurement, Process Variable Transmitters, Telemetry / RTUs, Process/Temperature Controllers, Position Sensing] ; Switchgear [Circuit Breakers, Contactors, Protection Relays, Solid State Relays] ; Miscellaneous Automation [Pumps, Robotics, Semiconductor Manufacturing & Test Equipment, Welding].

- Motor Drives: AC Drives, DC Drives, Servo Drives, Stepper Drives, Soft Starters/Brakes.

- Lighting, Building Automation, HVAC & Refrigeration: Lighting [Electronic Ballasts/Lamps & Modules, Lighting Controls, Street Lights/Traffic Lights & Control] ; Building Automation [Fire Detection, Fire Alarm Control Panels & Annunciators, Fire Alarm Notification, Intruder Alarm Control Panels, Intruder Detection & Notification, CCTV/Video Surveillance Cameras, CCTV/Video Surveillance Equipment, Electronic Access Control, Elevators & Escalators] ; HVAC & Refrigeration [Boilers & Warm Air Furnaces, Circulator Pumps, Compressors, Electronic Room Thermostats & Controls, Humidifiers/Dehumidifiers, Unitary Air Conditioners, Commercial Refrigeration].

- EPOS, EFT & ID: ATMs, Handheld EFT Transaction Terminals, POS Authentication Pads, EPOS/ECR/Cash Drawer, Handheld Data Terminals, Fuel Dispensers, Vending/Payment/Change Machines, Card Readers, Coin Acceptors & Currency Validators, Printers, Scanners, Smart Cards.

- Test & Measurement: Application Specific T&M [Automotive Test Equipment, Broadband Test Equipment, Fiber Optic Test Equipment, Wireless Test Equipment, Other Test Equipment] ; General Purpose T&M [Counters & Timers, Logic Analyzers, Digital Multimeters, Network Analyzers, Digital Oscilloscopes, PC-based Test Equipment, RF Power Meters, PXI/VXI-based Test Equipment, Signal/Function Generators, Spectrum Analyzers, Other General Purpose T&M] ; Instrumentation & Other Equipment [Calibration Instruments, pH/ORP Instruments, Chart Recorders & Data Acquisition, Laboratory Instrumentation, Scales & Weighing Equipment, Non-Destructive Test Equipment].

- Consumer Medical: Blood Glucose Meters, Blood Pressure Monitors, Telehealth Gateways, Fitness Monitors, Electronic Thermometers, Pregnancy Testers/Fertility Monitors.

- Medical Imaging & Diagnostics: Medical Imaging [CT, Ultrasound, MRI, PET/PET-CT, CR/DR, Picture Archiving & Communications] ; Diagnostics, Therapy & Monitoring [ECG, Dialysis Machines, Medical Ventilators, Point-of-care Testing, Pulse Oximetry Monitoring, Multiparameter Patient Monitors, Medical Lasers, Medical Endoscopes, Infusion Pumps, Pacemakers, Implantable Cardioverter Defibrillators, Cardiac Resynchronization Therapy, Pain Management Devices, External Defibrillators, Digital Hearing Aids, Sleep Diagnostics, Therapy & Interfaces, Fitness Machines, Electronic Beds, Electronic Wheelchairs, Powered Scooters].

- Power & Energy: AC/DC Power Supplies, DC/DC Converters, DC/AC Power Inverters, Industrial Battery Chargers, UPS, Generators, Smart Utility Meters, Electric Vehicle Charging Stations & Infrastructure, Distribution & Substation Automation, Renewable Energy.

- Industrial Transport: Construction, Lifting & Mining, Agricultural Equipment, Materials Handling Vehicles, Refrigerated Trailers, Electric Motorized Vehicles, Rolling Stock, Signaling & Systems.

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Section 1 - Executive Overview
- Key Point Conclusions
- Economic Uncertainties

Section 2 - Scope, Method & Limitations
2.1 Scope
2.2 Research Sources
2.3 Limitations to Method

Section 3 - Factory Automation & Control

Section 4 - Motor Drives

Section 5 - Lighting, Building Automation, HVAC & Refrigeration

Section 6 - EPOS, EFT & ID

Section 7 - Test & Measurement

Section 8 - Consumer Medical

Section 9 - Medical Imaging & Diagnostics

Section 10 - Power & Energy

Section 11 - Industrial Transport

List of Tables

Table 1.1 Assessment of the Total Available Market for the Industrial Internet of Things by Sub-sector - Revenue Summary
Table 1.2 Assessment of the Total Available Market for the Industrial Internet of Things by Sub-sector - Unit Summary
Table 1.3 System Revenues in the Industrial/Medical Electronics Sector by Sub-sector
Table 1.4 Global Equipment Production Estimates and Forecasts in the Industrial/Medical Sector
Table 3.1 Definition of Equipment Types in the Factory Automation & Control Sector
Table 3.2 Global Equipment Production Estimates and Forecasts in the Factory Automation & Control Sector
Table 3.3 System Revenues in the Factory Automation & Control Sector by Equipment Type
Table 3.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Factory Automation & Control Sector
Table 4.1 Definition of Equipment Types in the Motor Drives Sector
Table 4.2 Global Equipment Production Estimates and Forecasts in the Motor Drives Sector
Table 4.3 System Revenues in the Motor Drives Sector by Equipment Type
Table 4.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Motor Drives Sector
Table 5.1 Definition of Equipment Types in the Lighting, Building Automation, HVAC&R Sector
Table 5.2 Global Equipment Production Estimates and Forecasts in the Lighting, Building Automation, HVAC&R Sector
Table 5.3 System Revenues in the Lighting, Building Automation, HVAC&R Sector by Equipment Type
Table 5.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Lighting, Building Automation, HVAC&R Sector
Table 6.1 Definition of Equipment Types in the EPOS, EFT & ID Sector
Table 6.2 Global Equipment Production Estimates and Forecasts in the EPOS, EFT & ID Sector
Table 6.3 System Revenues in the EPOS, EFT & ID Sector by Equipment Type
Table 6.4 Assessment of the Total Available Market for the Industrial Internet of Things in the EPOS, EFT & ID Sector
Table 7.1 Definition of Equipment Types in the Test & Measurement Sector
Table 7.2 Global Equipment Production Estimates and Forecasts in the Test & Measurement Sector
Table 7.3 System Revenues in the Test & Measurement Sector by Equipment Type
Table 7.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Test & Measurement Sector
Table 8.1 Definition of Equipment Types in the Consumer Medical Sector
Table 8.2 Global Equipment Production Estimates and Forecasts in the Consumer Medical Sector
Table 8.3 System Revenues in the Consumer Medical Sector by Equipment Type
Table 8.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Consumer Medical Sector
Table 9.1 Definition of Equipment Types in the Medical Imaging & Diagnostics Sector
Table 9.2 Global Equipment Production Estimates and Forecasts in the Medical Imaging & Diagnostics Sector
Table 9.3 System Revenues in the Medical Imaging & Diagnostics Sector by Equipment Type
Table 9.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Medical Imaging & Diagnostics Sector
Table 10.1 Definition of Equipment Types in the Power & Energy Sector
Table 10.2 Global Equipment Production Estimates and Forecasts in the Power & Energy Sector
Table 10.3 System Revenues in the Power & Energy Sector by Equipment Type
Table 10.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Power & Energy Sector
Table 11.1 Definition of Equipment Types in the Industrial Transport Sector
Table 11.2 Global Equipment Production Estimates and Forecasts in the Industrial Transport Sector
Table 11.3 System Revenues in the Industrial Transport Sector by Equipment Type
Table 11.4 Assessment of the Total Available Market for the Industrial Internet of Things in the Industrial Transport Sector

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