Industrial control systems refer to various control systems and programmable logic controllers (PLCs) used to monitor and control industrial processes, facilities, and critical infrastructures. They are vital for industries such as power, water and wastewater, oil and gas, chemicals, pharmaceuticals, food and beverage, manufacturing, and mining. Rising cyber threats have fueled demand for enhanced security solutions in ICS. The global Industrial Control Systems (ICS) Market is estimated to be valued at US$ 139879.53 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The heightened emphasis on security enhancements is one of the key trends driving growth of the ICS market. Critical infrastructure industries have grown increasingly vigilant about vulnerabilities in legacy control systems that may enable cyberattacks. This has prompted major investments in advanced security solutions featuring end-to-end visibility, anomaly detection, and automation capabilities to strengthen security posture against sophisticated threats. Emerging technologies like AI, machine learning, enhanced encryption, and authentication methods are being integrated into ICS to enable proactive defense and real-time threat prevention. The focus on bolstering cyber resilience of industrial environments through reinforced security protocols and solutions is expected to remain a pivotal growth driver over the coming years.
Segment Analysis
The global Industrial Control Systems (ICS) market is dominated by the hardware segment which accounted for around 45% share of the total market in 2023. This is because hardware components such as programmable logic controllers (PLCs), distributed control systems (DCS), and supervisory control and data acquisition (SCADA) form the core of any ICS. PLCs continue to be the most widely deployed hardware for ICS solutions across industries due to their versatility and reliability.
Key Takeaways
The Global Industrial Control Systems (ICS) Market Size is expected to witness high growth at a CAGR of 7.5% during the forecast period of 2023 to 2030. The market size for 2023 stood at US$ 139879.53 Mn.
Regional analysis
The Asia Pacific region held the largest share of the global ICS market in 2023 and is predicted to maintain its dominance through 2030. This can be attributed to heavy investments by various manufacturing industries in countries such as China, India, and Japan to upgrade their aging infrastructure and adopt advanced automation solutions. Rapid industrialization is boosting the deployment of ICS across regional economies.
Key players
Key players operating in the Industrial Control Systems (ICS) market are Mitsubishi Electric Corporation, Siemens Ag, Schneider Electric Se, Abb Limited, Yokogawa Electric Corporation, Omron Corporation, General Electric, Emerson Electric Co., Honeywell International, Inc., and Rockwell Automation, Inc. Mitsubishi Electric Corporation leads the market with its comprehensive suite of programmable logic controllers, distributed control systems, and supervisory control and data acquisition software tailored for discrete and process automation needs.
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