Industrial Raspberry Pi Market Estimated to Grow at a CAGR of 15.7% During the Forecast Period 2021-2026

Industrial Raspberry Pi Market | IndustryARC
Rise in Smart or Intelligent Warehousing and Inventory Management Services Can Also Be Considered as a Vital Factor Driving the Market Growth Towards Industrial Raspberry Pi.

The Global Industrial Raspberry Pi market size is forecast to reach $385 million by 2026, growing at a CAGR of 15.7% from 2021 to 2026. Raspberry Pi can be referred as those single-board computers having embedded computing boards serving programmable logic controller applications, industrial PCs and others. Growing demand for wireless networking devices over wired ones in industries, adoption of raspberry pi based industrial protocol support end sue products along with penetration of IoT have been attributed to the market growth. Additionally, growing shift towards IoT based industrial automation as well as rising demand for smart or intelligent warehousing and inventory management services have been also driving the market growth forward.

Industrial Raspberry Pi Market Segment Analysis- By End Product

Based on end product, Industrial PC segment is analyzed to grow with the highest CAGR of 16.2% in the global industrial raspberry pi market during the forecast period 2021-2026. With growing trends towards industrial automation, adoption of IoT or robotics for monitoring as well as operation of industrial machinery and related work processes along with others have been attributing to the market growth. Industrial PCs with raspberry pi offers benefits including low cost modules, small form factor, faster speed processing, low power consumption, wide range of operating system compatibility options and others, which have been eventually gaining wide popularity across industrial markets. In March 2021, one of the global industrial computer hardware manufacturers and an IoT solution provider, named OnLogic announced about the launch of its first Raspberry Pi-powered industrial computers, measuring upto 102.5x129x38 mm. This development was done through combining its expertise in industrial grade hardware with the CM4 raspberry pi compute module, meant for serving factories, warehouses along with a range of IoT applications. Such factors are further set to drive the market demands for Raspberry Pi based industrial computers in the long run.

Industrial Raspberry Pi Market Segment Analysis- By Application

Raspberry Pi for Industrial Robotics application is analyzed to witness the fastest growth with the CAGR of 17.1% during 2021-2026. Factors including increasing shift towards leveraging robot or robot-controlled systems to drive industrial automation, growing use of IoT, IIoT and related advanced technologies for optimizing industrial workloads along with significant investments on development of raspberry pi based chips, controllers, modules, and so on attribute to the market growth. This in turn, drives the need for efficient, robust, wireless and flexible monitoring, controlling and operational devices ensuring better connectivity, scalability as well as requirement of high-speed operation capabilities of robots optimizing industrial automation, is aiding the market growth overtime. In June 2021, Elephant Robotics and M5STACK had jointly announced about its launch of myCobot Pi, as a part of expanding its myCobot series with Raspberry Pi microprocessors. Development of this industrial modular collaborative robot design was done to offer user customization including supporting multi-platform secondary development as well as achieving multi-scene application development, while simulating industrial robot sorting as well as handling operations. Such factors are set to assist the market growth of raspberry pi for serving industrial robotic applications in the coming time.

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Industrial Raspberry Pi Market Segment Analysis- By Geography

North America dominated the global industrial raspberry pi market with a share of 36% in 2020, and is also anticipated to have a significant growth during 2021-2026. Increasing shift towards industrial automation, growing demand for wireless automated control solutions as well as high demand for IoT enabled devices for driving automation and digitalization across major industry verticals have been attributing to the market growth. In addition, government initiatives towards supporting robotic process automation within manufacturing sector, growing transportation management and warehouse distribution activities, along with eliminating human workloads will also help in aiding the market growth overtime. According to Technology & Innovation Report 2021, U.S Government had revealed its plans on investing in the research & development of robots for varied process automation areas within manufacturing as well as other industries for reducing administrative burdens. Such factors are bound to create a positive impact on the market growth of industrial raspberry pi based end use products in the long run.

Industrial Raspberry Pi Market Drivers

Growing shift towards industrial automation with adoption of IOT drives the market forward

Growing shift towards industrial automation with adoption of IOT act as a major factor driving the market growth of industrial raspberry pi. Adoption of IoT in industry verticals including manufacturing, food & beverage, power generation and so on have grown significantly for enabling smart connected devices towards streamlined process flows, driving the need for robust processing performance single board computers (SBCs). Machine to Machine (M2M) communication involve integrated microprocessors, microcontrollers, sensors and so on for monitoring and controlling for optimization of yield, efficiency and quality of industrial operations. Utilization of Raspberry Pi SBCs act as the main controller in the industrial automation which helps in storage, processing as well transmission of data within real time high speeds. Due to the open platform concept, Raspberry Pi provide users with maximum flexibility when implementing industrial IOT projects including full root rights. In September 2021, Knowles Corporation, announced about the launch of AISonic IA8201 Raspberry Pi Development Kit as a part of combining voice, audio edge processing, as well as machine learning (ML) listening capabilities for various devices or systems to be used within industries. This will help engineers or product designers from OEM companies towards streamlining sign, development as well as testing activities with voice as well as audio integration. Such factors are set to attribute to the market growth of industrial raspberry pi in the coming time.

Rise in smart or intelligent warehousing and inventory management services can positively impact the market growth

Rise in smart or intelligent warehousing and inventory management services can also be considered as a vital factor driving the market growth towards industrial raspberry pi. Owing to shift towards smart sensor or IoT control warehouse and inventory management application areas within industries, the need for a rugged, power efficient as well as high optimized computer board models have become essential. Leveraging real time data analysis and monitoring of inventory, stocks and related items through IoT utilization, demand for faster processing SBCs is significantly impacted, thereby assisting the market growth of industrial raspberry pi based products. In September 2021, Fulfilld had revealed about securing upto $2.5 million funding (around Β£1.8 million), led by TenOneTen Ventures, Pi Labs, and others. This funding will help the company in executing its plans regarding location aware warehouse management orchestration platform leveraging 5G ultra-wide band, ensuring warehouse operators from facing labour shortages as well as supply chain issues. Such factors towards developing location-based warehouse management is set to influence the market growth of raspberry pi in the long run.

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Industrial Raspberry Pi Market Challenges

Lower flexibility and scalability within industrial environments limit its adoptability hampering its market growth

Lower flexibility and scalability within industrial environments act as a major factor restraining the market growth of industrial raspberry pi. Owing to industrial harsh environments, the control or automation devices need to be robust ensuring optimal operation under high temperature conditions, due to presence of excess heat or moisture. Since raspberry pi single board computers lack integration of any kind of heat-sinks or air conditioning systems, its operation gets limited on exceeding the maximum operative temperature ranges. This in turn, leads to improper heat dissipation, disruption the industrial work operations, creating lesser adoptability. Additionally, performing industrial complex multi-tasking operations is also limiting its use in varied industrial environments in need of multitasking control systems.

Industrial Raspberry Pi Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Industrial Raspberry Pi market. Industrial Raspberry Pi top 10 companies include:

Advantech Co. Ltd.
OnLogic
KUNBUS GmbH
CompuLab Ltd.
Sequent Microsystems
Sfera Labs S.r.l
TECHBASE Group
Raspberry Pi Foundation
AAEON Technology, Inc.
Kontron

Acquisitions/Technology Launches

In October 2021, Sfera Labs announced the launch of an IoT module, Iono RP, based on Raspberry Pi RP2040 microcontroller, as a part of being its first industrial product with Raspberry Pi support.

In June 2020, Advantech announced the launch of its UNO-220 Raspberry Pi-ready industrial-grade gateway kit, in a move towards supporting IoT trends.

Key Takeaways

Industrial PCs are analyzed to emerge with the fastest growing segment in the global industrial raspberry pi market during 2021-2026, due to adoption of industrial computers in IoT control or robotic monitoring applications.

North America Industrial Raspberry Pi market held the largest share in 2020, owing to shift towards industrial automation and growing demand for wireless automated control solutions.

Rise in smart or intelligent warehousing and inventory management services along with the growing shift towards industrial automation with IoT adoption are analyzed to significantly drive the market growth during the forecast period 2021-2026.

Relevant Report :

Industrial PC Market

https://www.industryarc.com/Report/15419/industrial-pc-market.html

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