Global PLC Market in Automotive Industry 2015-2019
A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in a plant by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.
It is a replacement for traditional control panels that involve hard-wired relays and timer logic. The technology is based on programmed instruction logic, which offers more operational flexibility. A PLC also requires shorter installation and commissioning times than traditional hard-wired control systems.
Technavio's analysts forecast the global PLC market in the automotive industry to grow at a CAGR of 8.36% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global PLC market in the automotive industry for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the following:
Technavio Announces the Publication of its Research Report – Global PLC Market in Automotive Industry 2015-2019
Technavio recognizes the following companies as the key players in the Global PLC Market in Automotive Industry: ABB, Mitsubishi, Rockwell, Schneider and Seimens
Other Prominent Vendors in the market are: Adept, Beckhoff, Bosch, Emerson, Fuji, GE, Honeywell, Idec, Keyence, Koyo Electronics, Omron, Panasonic, Toshiba, Unitronics and Yokogawa
Commenting on the report, an analyst from Technavio’s team said: “The global resurgence of the automotive industry is bringing a positive outlook for the automotive manufacturer and the PLC market. Since 2012, there has been a continuous increase in the production and sales of commercial and passenger vehicles due to growing consumer confidence toward the economy. The major countries where the demand for vehicles has increased over the last five years are China, the US, Germany, and Mexico. This has resulted in increased investments in the automotive industry leading to higher demand for automation systems such as PLCs.”
According to the report, the benefits of improved manufacturing efficiency include higher operating margins, better ROI, increased cash flow, improved relationships with stakeholders and employees, and a more favorable corporate and brand image. All these create a direct impact on the profitability of manufacturers. Thus, the growing demand for high efficiency in manufacturing is expected to drive the growth of the PLC market in Europe over the forecast period.
Further, the report states that one of the major roadblocks for the PLC market in the automotive industry is the lack of product differentiation. PLCs with similar features and functions are available in the market from a number of vendors, which makes it difficult for the automotive manufacturer to select the best automation solution that meets their requirement.
ABB, Mitsubishi, Rockwell, Schneider, Seimens, Adept, Beckhoff, Bosch, Emerson, Fuji, GE, Honeywell, Idec, Keyence, Koyo Electronics, Omron, Panasonic, Toshiba, Unitronics , Yokogawa