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Internet of Things (IoT) Technologies for Process Manufacturing: Global Markets

Published By :

BCC Research

Published Date : Jan 2018

Category :

IoT

No. of Pages : 187 Pages

The global market for IoT Process Manufacturing Technologies will grow from $750.4 million in 2017 to $2.7 billion by 2022 with a compound annual growth rate (CAGR) of 28.7% for the period of 2017-2022.

Report Includes 

  • An overview of the global market for process manufacturing Internet of Things (IOT) solutions
  • 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 building materials, chemicals, energy, food, pharmaceuticals, and textiles
  • Company profiles of major players in the industry

Report Scope

The building of IoT solutions includes 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 process market: oil and gas suppliers, food suppliers, metals, plastics and chemicals.

The forecasts presented are for the total available markets. 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.

Prime decision makers in the project chain who select the type and scope of IoT projects are identified. Factors influencing the requirements and purchases for the systems are examined, as are national and international responses to global challenges.

In this report, the IoT market is segmented into three product areas—hardware, software, and networking—and five vertical markets: oil and gas, food, pharmaceuticals and life sciences, plastics and metal. Hardware includes three types of factory floor devices: sensors, programmable logic controllers and distributed system controllers. Software consists of IoT platforms, big data and security. Networking is comprised of wired and wireless connections. The revenue numbers are for global sales.

Manufacturing is a mature market that is growing at a low single–digit rate. Of the five products segments, pharmaceuticals and food will grow at the fastest rates. A push to expand healthcare in industrialized countries will lead to more drug use. The global expansion will continue, and food will be available in more locations. Competition is fierce in established market and increasing in less established ones, which will spark innovation and the use of technology for competitive advantage.

Table of Content

Chapter 1 Introduction
Study Goals and Objectives 
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology 
Regional Breakdown
Analyst's Credentials
Related BCC Research Reports 
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
IoT in Manufacturing 
Process Manufacturing Industry Trends 
IoT Evolution
Things Gain Intelligence 
Need to Change 
IoT Business Benefits
Beyond Machine-to-Machine Communication 
How the IoT Works 
Design Options 
Fitting the Pieces Together 
Getting a Fresh Start 
Business Value of Industrial IoT Applications
Factors Driving Manufacturing
IoT Challenges 
Legacy System Shortcomings
Revamping Business Processes 
Devices 
Embedded System Challenges 
Getting Everything into Harmony 
System Limitations 
Complex System 
Network Architecture 
Need for a Central Platform 
Security Challenges 
High Level of Commitment 
Need for Standards 
Considerations
Meeting the Network Needs 
IoT Standards Organizations 
Association for Advancing Automation 
Association for Manufacturing Technology 
American National Standards Institute 
Association for Packaging and Processing Technology
AVnu Alliance 
Embedded Linux and Android Alliance 
International Electrotechnical Commission 
Industrial Internet Consortium 
International Society of Automation
International Standards Organization 
Modelica Association 
MTConnect Institute 
National Institute of Standards and Technology
Organization for the Advancement of Structure Information Standards 
Organization for Machine Automation and Control 
Object Management Group 
OPC Foundation 
OPX Leadership Foundation 
PLCopen 
RAIN RFID 
Devising a Plan
Changes in Thinking
Finding a Use Case 
IoT Application Categories 
IoT Difference 
Connected Supply Chain 
IoT Applications in Action 
Chapter 4 Market Breakdown by Technology Type: IoT Process Manufacturing Software 
Emergence of IoT Platforms
IoT Business Benefits
Striving for the Ultimate Goal
Need for Developer Talent 
Reducing Risk 
Big Data as a Big Force 
Big Data Challenges 
Failure of Traditional Tools 
Volume, Variety, Velocity and Variability Defining Big Data 
Proper Connection 
Master Data Management 
Big Data's Management Challenges 
Mining for Gold 
Truth or Dare 
Current Happenings 
Diving Deeper into the Data 
Incomplete Picture 
Parallel Structure 
Need for Speed 
Aggregation
Working with Large Data Sets
Integrating Data from Multiple Sources 
Automating Data Collection 
Analyzing Data and Identifying Actionable Insights 
Growing Importance of Analytics 
Making the Right Connection 
Finding the Right Rule 
Examining All Options 
Dynamic Case Management Capabilities 
Sensing Big Changes 
Edge Data Potential
Edge Data's Many Uses 
Predictive Analytics' Tremendous Potential
Security Software’s Growing Importance
IoT Devices and Security
Building Security from the Ground Up
Installing Barriers 
Security Complexity
Importance of Application-Level Security
Specialization
Chapter 5 Market Breakdown by Technology Type: IoT Hardware 
Visibility 
New Hardware Directions 
Impact of Globalization 
Embedded Systems 
Sensors 
Distributed Control Systems 
Changing Plant Floor 
Latest DSC Developments 
Programmable Logic Controllers 
PLC Functionality 
PLC Advances 
Next-Generation PLCs 
PLC Improvements
Chapter 6 Market Breakdown by Technology Type: IoT Networking
Fieldbus: First-Generation Industrial Networking 
Ethernet's Legacy 
Ethernet in the Factory 
EtherNet/IP's Benefit 
Seeing Stars 
Meeting I/O Challenges 
Monitoring Ethernet Connections 
Simplifying Configurations 
Network Optimization 
Looking Ahead 
Impact of Wireless Network Connections 
Wi-Fi: A Popular Networking Option
HaLow Effect 
Li-Fi Versus Wi-Fi 
Bluetooth 5.0
Low on Bandwidth 
Near-Field Communications
SigFox 
Chapter 7 Company Profiles

 

List of Table

Global Market for IoT Process Manufacturing Technologies, by Type, Through 2022
Table 1 : Global Market for IoT Process Manufacturing Technologies, by Region, Through 2022
Table 2 : Internet of Things System Benefits
Table 3 : Elements of the Internet of Things
Table 4 : IoT Standards Bodies
Table 5 : Global Market for IoT Process Manufacturing Software, by Type, Through 2022
Table 6 : Global Market for IoT Process Manufacturing Platform Software, by End Use, Through 2022
Table 7 : Top Five IoT Process Manufacturing Software Platform Suppliers, 2017
Table 8 : Top Five IoT Process Manufacturing Software Platform Oil and Gas Suppliers, 2017
Table 9 : Top Five IoT Process Manufacturing Software Platform Food Suppliers, 2017
Table 10 : Top Five IoT Process Manufacturing Software Platform Pharmaceuticals and Life Science Suppliers, 2017
Table 11 : Top Five IoT Process Manufacturing Software Platform Plastics Suppliers, 2017
Table 12 : Top Five IoT Process Manufacturing Software Platform Metals Suppliers, 2017
Table 13 : Changing Data Management Platform, 1980s-2017
Table 14 : Big Data Ecosystem
Table 15 : Global Market for IoT Process Manufacturing Big Data Software, by End Use, Through 2022
Table 16 : Top Five IoT Process Manufacturing Big Data Software Suppliers, 2017
Table 17 : Top Five IoT Process Manufacturing Big Data Software Platforms, Oil and Gas Suppliers, 2017
Table 18 : Top Five IoT Process Manufacturing Big Data Software, Food Suppliers, 2017
Table 19 : Top Five IoT Process Manufacturing Big Data Software, Pharmaceuticals and Life Science Suppliers, 2017
Table 20 : Top Five IoT Process Manufacturing Big Data Software, Plastics Suppliers, 2017
Table 21 : Top Five IoT Process Manufacturing Big Data Software, Metals Suppliers, 2017
Table 22 : Global Market for IoT Process Manufacturing Security Solutions, by End Use, Through 2022
Table 23 : Top Five IoT Process Manufacturing Security Solutions Suppliers, 2017
Table 24 : Top Five IoT Process Manufacturing Security Solutions, Oil and Gas Suppliers, 2017
Table 25 : Top Five IoT Process Manufacturing Security Solutions, Food Suppliers, 2017
Table 26 : Top Five IoT Process Manufacturing Security Solutions, Pharmaceuticals and Life Science Suppliers, 2017
Table 27 : Top Five IoT Process Manufacturing Security Solutions, Plastics Suppliers, 2017
Table 28 : Top Five IoT Process Manufacturing Security Solutions, Metals Suppliers, 2017
Table 29 : Global Market for IoT Process Manufacturing Hardware, by Technology, Through 2022
Table 30 : Global Market for IoT Process Manufacturing Sensors, by End Use, Through 2022
Table 31 : Top Five IoT Process Manufacturing Sensor Suppliers, 2017
Table 32 : Top Five IoT Process Software Manufacturing Sensor Oil and Gas Suppliers, 2017
Table 33 : Top Five IoT Process Manufacturing Sensor Food Suppliers, 2017
Table 34 : Top Five IoT Process Manufacturing Sensor Pharmaceuticals and Life Science Suppliers, 2017
Table 35 : Top Five IoT Process Manufacturing Sensor Plastics Suppliers, 2017
Table 36 : Top Five IoT Process Manufacturing Sensor Metal Suppliers, 2017
Table 37 : Plant Level System Design
Table 38 : Global Market for IoT Process Manufacturing Distributed Control System, by End Use, Through 2022
Table 39 : Top Five IoT Process Manufacturing Distributed Control System Suppliers, 2017
Table 40 : Top Five IoT Process Manufacturing Distributed Control System Suppliers, 2017
Table 41 : Top Five IoT Process Manufacturing Distributed Control System Food Suppliers, 2017
Table 42 : Top Five IoT Process Manufacturing Distributed Control System Pharmaceuticals and Life Science Suppliers, 2017
Table 43 : Top Five IoT Process Manufacturing Distributed Control System Distributed Control System Plastics Suppliers, 2017
Table 44 : Top Five IoT Process Manufacturing Distributed Control System Metals Suppliers, 2017
Table 45 : Global Market for IoT Process Manufacturing Programmable Logic Controller, by End Use, Through 2022
Table 46 : Top Five IoT Process Manufacturing Programmable Logic Controller Suppliers, 2017
Table 47 : Top Five IoT Process Manufacturing Programmable Logic Controller Oil and Gas Suppliers, 2017
Table 48 : Top Five IoT Process Manufacturing Programmable Logic Controller Food Suppliers, 2017
Table 49 : Top Five IoT Process Manufacturing Programmable Logic Controller Pharmaceuticals and Life Science Suppliers, 2017
Table 50 : Top Five IoT Process Manufacturing Programmable Logic Controller Plastics Suppliers, 2017
Table 51 : Top Five IoT Process Manufacturing Programmable Logic Controller Metal Suppliers, 2017
Table 52 : Global Market for IoT Process Manufacturing Network Equipment, by Technology, Through 2022
Table 53 : Fieldbus Designs
Table 54 : EtherNet/IP's Potential Benefits
Table 55 : Global Market for IoT Process Manufacturing Wired Network, by End Use, Through 2022
Table 56 : Top Five IoT Process Manufacturing Wired Network Suppliers, 2017
Table 57 : Top Five IoT Process Manufacturing Wired Network Oil and Gas Suppliers, 2017
Table 58 : Top Five IoT Process Manufacturing Wired Network Food Suppliers, 2017
Table 59 : Top Five IoT Process Manufacturing Wired Network Pharmaceuticals and Life Science Suppliers, 2017
Table 60 : Top Five IoT Process Manufacturing Wired Network Plastic Suppliers, 2017
Table 61 : Top Five IoT Process Manufacturing Wired Network Metal Suppliers, 2017
Table 62 : Li-Fi System Capabilities
Table 63 : Global Market for IoT Process Manufacturing Wireless Network Revenue, by End Use, Through 2022
Table 64 : Top Five IoT Process Manufacturing Wireless Network Suppliers, 2017
Table 65 : Top Five IoT Process Manufacturing Wireless Network Oil and Gas Suppliers, 2017
Table 66 : Top Five IoT Process Manufacturing Wireless Network Food Suppliers, 2017
Table 67 : Top Five IoT Process Manufacturing Wireless Network Pharmaceuticals and Life Science Suppliers, 2017
Table 68 : Top Five IoT Process Manufacturing Wireless Network Plastics Suppliers, 2017
Table 69 : Top Five IoT Process Manufacturing Wireless Network Metals Suppliers, 2017

 

List of Chart

Global Market for IoT Process Manufacturing Technologies, by Type, 2016-2022 
Figure 1 : Global Market for IoT Process Manufacturing Technologies, by Region, 2016-2022 
Figure 2 : Global Market for IoT Process Manufacturing Software, by Type, 2016-2022 
Figure 3 : Global Market for IoT Process Manufacturing Platform Software, by End Use, 2016-2022 
Figure 4 : Global Market for IoT Solutions Process Manufacturing Big Data Software, by End Use, 2016-2022 
Figure 5 : Global Market for IoT Process Manufacturing Security Solutions, by End Use, 2016-2022 
Figure 6 : Global Market for IoT Process Manufacturing Hardware, by Technology, 2017-2022 
Figure 7 : Global Market for IoT Process Manufacturing Sensors, by End Use, 2017-2021 
Figure 8 : Global Market for IoT Process Manufacturing Distributed Control System, by End Use, 2016-2022 
Figure 9 : Global Market for IoT Process Manufacturing Programmable Logic Controller, by End Use, 2016-2022 
Figure 10 : Global Market for IoT Process Manufacturing Network Equipment, by Technology, 2016-2022 
Figure 11 : Factory Network Configuration 
Figure 12 : Ethernet Layers
Figure 13 : Global Market for IoT Process Manufacturing Wired Network, by End Use, 2016-2022 
Figure 14 : Global Market for IoT Process Manufacturing Wireless Network Revenue, by End Use, 2016-2022

 

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