Global PLC Market Forecast: 12.3% CAGR for Compact PLCs
Market forecasts for the programmable logic controller market indicate strong growth across all segments, with compact/integrated PLCs expected to be the fastest-growing segment .
Growth Rates by Segment:
Segment | Forecast Growth |
|---|---|
Compact/Integrated PLC | 12.3% CAGR |
Overall Market | Industrial automation investment driven |
Key Drivers :
Growing demand for compact automation among SMEs
Shift to software-defined PLC workstations
Escalating cybersecurity threats to connected PLCs
Energy efficiency and sustainability requirements
Digital twin and AI integration