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Market Overview of Global Fanless PC market:
According to our latest research, the global Fanless PC market looks promising in the next 5 years. As of 2022, the global Fanless PC market was estimated at USD 884.23 million, and it's anticipated to reach USD 1368.0 million in 2028, with a CAGR of 7.54% during the forecast years.
A fanless PC eliminates the need for a fan within the system. The functionality of fanless PCs is similar to that of conventional PCs, but they are used for specific applications in the military and defense, industrial, and consumer segments. The need for fanless PCs arises in certain applications where it is necessary to reduce the noise from PCs. This is achieved by using components that consume less power and by using fewer moving parts in the system.
Marketing channel sales will be affected differently
The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Fanless PC enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
Upstream and downstream interactions will lead to disruption of business
The epidemic will have a short-term impact on Fanless PC industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Fanless PC industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
Apart from this, the COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials in the global market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the Fanless PC market share. In addition, Fanless PC manufacturers are drawing up plans for the international market as a new supply link in the global Fanless PC industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, it is expected that the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.
Weakness
Rising labor costs
The manufacturers of Fanless PC are mostly in developed countries, where labor costs are high and rising. For example, unit labor costs in the US non-agricultural business sector increased at an annual rate of 0.9% in the fourth quarter of 2019, which was lower than the initial estimate of 1.4%, while it was reduced by 0.2% in the previous quarter. Hourly wages increased by 2.1% (from the initial 2.8%), while productivity increased by 1.2% (from the initial 1.4%). In 2019, labor costs rose by 1.7%, reflecting a 3.6% increase in hourly wages and a 1.9% increase in productivity. The increase in labor costs has led to an increase in operating costs for manufacturers of Fanless PC.
Potential risks and disadvantages may drive consumers away from fanless PC products
The disadvantages of the fanless PC itself dissuade some consumers and hinder the rise of consumption, which is not conducive to the development of the industry. For instance, one of a disadvantage of going with a fanless PC solution is that they do not come with a dedicated GPU. This is so because GPUs produce a lot of heat; their heat cannot be dissipated through heat sinks alone. As such, if users choose to add a GPU to the system for AI applications, the system will not be fanless; there will be air cooling to allow the GPU to breathe properly and prevent it from overheating.
Opportunity
Fanless PC market for discrete industries to exhibit high growth during the forecast period
The discrete industries are often characterized by the production of individual or separate units; wherein units can be produced in low volume with high complexity or high volumes with low complexity. The increasing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply chain management, and the constant pressure of reducing maintenance and operation costs in the discrete industries are expected to propel the adoption of industrial PCs in these industries in the near future. In addition, the advent of novel technologies and materials, an increasing number of market players venturing in the market, and rising necessity of sustained plant productivity and efficiency, among others, are expected to fuel the growth of the Fanless PC market for the discrete industries.
The Fanless PC market in APAC to grow at the highest CAGR during the forecast period
In terms of geographical regions, the North America will be the major revenue contributor to the fanless PC market throughout the forecast period. This is primarily due to factors such as the high defense and military expenditure, the increasing procurement of rugged PCs, and the high technological integration in manufacturing, logistics, and field services by the commercial and industrial segments in the region. Besides, APAC is expected to be the fastest-growing market for Fanless PCs during 20212026. Factors such as rapid industrialization, increasing infrastructural investments in the energy and power sector, and favorable government policies encouraging the foreign players to enter the Fanless PC market in APAC are expected to augment the growth of the sector during the forecast period. The high-tech medical devices manufacturing companies are actively focusing on geographical expansions due to the growing demand for healthcare services, increasing concern pertaining to health, and rising investments in R&D. This is likely to fuel the growth of Fanless PC market in APAC during the forecast period.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (38.12% in 2022).
Company Overview:
Advantech is one of the major players operating in the Fanless PC market, holding a share of 10.03% in 2023.
Advantech
Advantech's corporate vision is to enable an intelligent planet. The company is a global leader in the fields of IoT intelligent systems and embedded platforms. To embrace the trends of IoT, big data, and artificial intelligence, Advantech promotes IoT hardware and software solutions with the Edge Intelligence WISE-PaaS core to assist business partners and clients in connecting their industrial chains. Advantech is also working with business partners to co-create business ecosystems that accelerate the goal of industrial intelligence.
Zebra Technologies
Zebra Technologies Corporation is a global enterprise mobile computing company that makes technology used to sense, analyze, and act in real time. The company manufactures and sells marking, tracking, and computer printing technologies.
Segmentation Overview:
Among different product types, PCs segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Industrial Sector segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Fanless PC market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Fanless PC Market Report:
Market Size Estimates: Fanless PC market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Fanless PC market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Fanless PC market
Segment Market Analysis: Fanless PC market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Fanless PC market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Fanless PC Market: Revenue and sales volume of major countries in each region
Fanless PC Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Fanless PC market in major regions.
Fanless PC Industry Value Chain: Fanless PC market raw materials & suppliers, manufacturing process, distributors, downstream customers
Fanless PC Industry News, Policies & Regulations
Key players in the global Fanless PC market are covered in Chapter 12:
Siemens
Datalogic
Cybernet Manufacturing
Advantech
CompuLab
MilDef Group
Beckhoff Automation
Handheld Group
Zebra Technologies
Rockwell Automation
Panasonic
Abaco Systems
Getec
Extreme Engineering Solutions
Curtiss-Wright Defense Solutions
Kontron
Systel
In Chapter 2 and Chapter 15.1, based on types, the Fanless PC market from 2018 to 2028 is primarily split into:
PCs
Tablets
Notebooks
Handhelds
In Chapter 3 and Chapter 15.2, based on applications, the Fanless PC market from 2018 to 2028 covers:
Government Sector
Commercial Sector
Industrial Sector
Defense and Military Sector
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Fanless PC market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028