According to the new research report on "Distributed Control System Market Size and Forecast (2020-2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach US$ US$ 26.36 billion by 2030 and register a CAGR of 5.4% from 2022 to 2030.
The report includes growth prospects owing to the current distributed control system market trends and their foreseeable impact during the forecast period. The industrial sector is increasingly adopting Industry 4.0, artificial intelligence (AI), IoT, cloud computing, edge computing, virtualization, decentralization, 5G, IIoT, augmented reality (AR), human-machine interaction (HMI), and other such technologies. The players are significantly investing in the development of industrial robots integrated with artificial intelligence. For instance, in December 2023, TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, announced strategic investments in two pioneering companies for smart factory solutions: Sight Machine and Cybus. The company is strengthening its commitment to the digital transformation of industrial working environments and the convergence of Information and Operation Technology (IT & OT).
The landscape of industrial automation is experiencing a transformational evolution. Advancements in technologies such as artificial intelligence (AI), collaborative robots, and IoT integration are a some of the factors driving this evolution. Those businesses that successfully use emerging technologies and automation will have an advantage as labor challenges, tighter budgets, and higher demand, continue to plague businesses. Moreover, developing technologies such as digital twins, generative AI, and 4D vision are creating greater efficiencies in all areas of manufacturing. Businesses of all sizes will continue to invest in these technologies as they become more available. Artificial intelligence provides a comprehensive understanding of ongoing activities and can forecast equipment breakdowns in manufacturing through data. The synergistic utilization of generative artificial intelligence (AI) and automation holds transformative capabilities for businesses. AI will persist as a valuable resource for product development, while automation will serve as the catalyst to bring these products to life.Furthermore, the integration of digital twins and machine learning,to analyze the vast amount of data generated by automation systems is becoming gradually important. These software solutions will enable leaders to make better decisions based real-time analysis, improve predictive maintenance, and optimize processes throughout their operations. Thus, the advancements of new technologies such as Industry 4.0, artificial intelligence (AI), IoT, cloud computing, edge computing, virtualization, decentralization, 5G, and IIoT in various industries is anticipated to be a major trend of the distributed control system market growth.
France hold the significant distributed control system market share in Europe. France is among the top-listed countries in Europe in terms of nuclear power plants. However, several nuclear reactors are nearing the end of their lifetime. Hence, the government of France is taking the initiative to build new nuclear power plants. For instance, in May 2023, the French Parliament passed a law to accelerate the construction of new nuclear reactors. The law, officially adopted by the Assembl