Market Size of Advanced Process Control Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.74 Billion |
| Market Size (2029) | USD 4.10 Billion |
| CAGR (2024 - 2029) | 8.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Advanced Process Control (APC) Market Analysis
The Advanced Process Control Market size is estimated at USD 2.74 billion in 2024, and is expected to reach USD 4.10 billion by 2029, growing at a CAGR of 8.38% during the forecast period (2024-2029).
Advanced process controls (APC) are deployed optionally to basic process controls. APCs are added subsequently to address particular performance or economic improvement opportunities in the process.
- Although the concept of APC has been around for more than three decades, it has only recently gained increased prominence, as factory units across the world are increasingly focusing on process optimization.
- These solutions aid in integrating the information, as well as control, power, and safety solutions to respond to the overall demand of the affordable energy, meeting stringent government regulations, and driving down costs.
- The major driver for the global advanced process control market is the increasing demand for automation solutions across various industries. Major industries are adopting automation solutions to aid their business model as efficient as possible. In order to better the process with basic automation solutions, many organizations are choosing APC software.
- However, the complexity of APCs makes it tough to engineer and support. A skilled workforce is required to perform engineering and support. This factor may hinder the adoption of APCs in some industries
- Saki Corporation (Japan), an innovator in the field of automated optical and x-ray inspection and measurement equipment, announced that its automated optical inspection (AOI) systems are the first AOI systems to be certified by Panasonic to support its APC-MFB2 System. This partnership with Panasonic Smart Factory Solutions brought Saki a very important aspect for yield improvement, not only in the pre-reflow process, but also in the entire SMT line for meeting M2M connection requirements.
