Asia-Pacific Industrial Control System Market Size (2024 - 2029)

APAC Industrial Control Systems Market Analysis

The Asian-Pacific industrial control system market is expected to register a CAGR of 9.83% over the forecast period. The outbreak of the COVID-19 pandemic has triggered the manufacturing sector to re-evaluate its conventional production processes, fundamentally driving digital transformation and factory automation practices across the production lines. Manufacturers must devise and deploy multiple new and agile approaches to monitor product and quality control.

• With the advent of the Industrial Internet of Things (IIoT), the sheer volume of real-time data (Big Data) is expected to change how control systems function. As per the latest survey by GE, 58% of manufacturers say IoT is required to transform industrial operations digitally. Accenture predicts IIoT could add USD 14.2 trillion to the global economy by 2030.
• According to IBM's X-Force Threat Intelligence Index of the last year, the threat targets on ICS assets have increased by over 50% year-over-year. Most of these targets used a combination of known vulnerabilities within ICS hardware components, supervisory control and data acquisition (SCADA), and brute-force login tactics such as password-spraying attacks.
• Furthermore, to support the decline of Korea's working-age population, the country intends to establish 20 smart industrial zones by 2030. The goal is to install 2,000 new AI-powered smart factories by 2030 to keep up with the rapid evolution of complete digitalization and automation in the Fourth Industrial Revolution era.
• ICS and IT need to be more unified. Integration of ICS with their IT departments is one of the most common challenges organizations face. The need to integrate these two increased significantly with evolving industrial automation technology. However, due to the lack of coordination between the IT teams and processor operations departments, the security of ICS critical infrastructure is at risk of industrial espionage and sabotage in most organizations. Further, the need for more personnel to bridge the gap between operations and IT complicates the implementation of security systems.

APAC Industrial Control Systems Industry Segmentation

Industrial control system (ICT) security includes securing and safekeeping industrial control systems and the software and hardware used by the systems. It focuses on keeping processes and machinery running smoothly. The offered solutions include integrated hardware and software packaged to control and monitor the operation of machinery and associated devices operating in industrial environments.

The Asian-Pacific industrial control system market is segmented by end users (automotive, chemical and petrochemical, power and utilities, pharmaceuticals, food and beverage, oil and gas, electronics and semiconductor, and other end users) and geography (China, India, Japan). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.