Boston, MA -- (SBWIRE) -- 11/04/2015 -- A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in a plant by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.

It is a replacement for traditional control panels that involve hard-wired relays and timer logic. The technology is based on programmed instruction logic, which offers more operational flexibility. A PLC also requires shorter installation and commissioning times than traditional hard-wired control systems.

Technavio's analysts forecast the global PLC market in the automotive industry to grow at a CAGR of 8.36% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global PLC Market in Automotive Industry 2015-2019

Covered in this report
The report covers the current scenario and the growth prospects of the global PLC market in the automotive industry for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the following:

-Sales of PLC solutions in automotive industry
-Maintenance
-Services

Technavio's report, Global PLC Market in Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC and EMEA; it also covers the landscape of the global PLC market in automotive industry and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions

-Americas
-APAC
-EMEA

Key Vendors

-ABB
-Mitsubishi
-Rockwell
-Schneider
-Seimens

Other Prominent Vendors

-Adept
-Beckhoff
-Bosch
-Emerson
-Fuji
-GE
-Honeywell
-Idec
-Keyence
-Koyo Electronics
-Omron
-Panasonic
-Toshiba
-Unitronics
-Yokogawa

Market Drivers

-Expansion in automotive plant capacity
-For a full, detailed list, view our report

Market Challenges

-Competition from small DCS
-For a full, detailed list, view our report

Market Trends

-Global resurgence of automotive industry
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2019 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: ABB, Mitsubishi, Rockwell, Schneider, Seimens, Adept, Beckhoff, Bosch, Emerson, Fuji, GE, Honeywell, Idec, Keyence, Koyo Electronics, Omron, Panasonic, Toshiba, Unitronics, Yokogawa

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