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VDC Reveals More Moderate Growth and Trend Expectations for Industrial Distributed/Remote I/O Market
October 7, 2003 |Estimated reading time: 1 minute
Natick, Mass. — A new study from Venture Development Corp. (VDC) titled "Global Market Demand and User Requirements for Industrial Distributed/Remote I/O, Third Edition" finds the combined worldwide market for these products totaled about $2.5 billion in 2002.
A little more than 50 percent of the total was in products for use with programmable logic controller (PLC) systems, with 36.5 percent for use with distributed control systems (DCSs), and 13.4 percent for use with personal computer (PC)-based control systems.
Distributed/remote I/O for PC-based control systems is the smallest segment, but is forecast to have the highest growth rate. Products for DCS applications are forecast to have the lowest growth rate as these are being displaced by both PC-based control systems and PLC systems. Some market displacement for PLC systems by those for PC-based control systems also is expected during the forecast period.
Additional factors influencing the forecasts in this report include:
- The growing acceptance of distributed/remote I/O as a means of reducing the costs associated with hard wiring of devices to local I/O at controllers
- The growing implementation of factory automation, including controls with distributed/remote I/O, particularly in China and other under developed countries
- Expected trends in specific industries and applications where distributed/remote I/O is used, as well as economic trends in global markets
Declines in the average selling prices for all three product classes are expected. Factors contributing to these trends include increasing standardization of products, declining prices of electronic components, stronger price competition, and increasing pressure from larger OEM customers seeking lower-priced products.
Venture Development Corp. is a technology research and management consulting firm serving the worldwide industrial automation, instrumentation, electronic components, computers and peripherals, communications, and consumer electronics industries. For more information, visit www.vdc-corp.com.