[182 Pages Report] The Cyber-Physical System Market size was estimated at USD 5.35 billion in 2023 and expected to reach USD 6.22 billion in 2024, at a CAGR 16.86% to reach USD 15.95 billion by 2030.
A cyber-physical system (CPS) is a technology that enables physical objects to interact with the digital world. They combine hardware, sensors, and software to allow for communication between machines and devices. The CPS can allow the end-use industries to access new data, monitor operations more closely, and gain insights into customer needs and preferences. Cyber-physical systems include a combination of sensor networks with amalgamated computing to monitor and control the physical environment, with feedback loops that allow this external stimulus to self-activate either communication, control, or computing. The surge in automation and widespread adoption of breakthrough technologies, including artificial intelligence (AI) and the Internet of Things (IoT), and the need for physical security capabilities across end-use sectors are expanding the deployment of CPS systems. The government initiatives to increase digitalization across the manufacturing industries are also accelerating the deployment of CPS systems. However, high costs and cyber security issue associated with CPS systems may impact their use by the end-use industries. Moreover, the ongoing advancements and inclination towards software-based solutions in cyber-physical systems are expected to encourage their adoption by the end-use sectors.
The cyber-physical system (CPS) market in the Americas is evolving due to established industries such as manufacturing, aerospace, and defense. The United States, in particular, strongly focuses on advanced technologies, research and development, and smart infrastructure, creating favorable conditions for CPS adoption. Growing emphasis on industrial automation, smart manufacturing, and the Industrial Internet of Things (IIoT) fuel the adoption of CPS solutions across various sectors in the EMEA region. APAC countries, including China, Japan, South Korea, India, and Singapore, are witnessing substantial investments in CPS across various sectors, such as manufacturing, transportation, healthcare, and smart cities. The region's favorable government policies, supportive regulatory frameworks, and robust infrastructure development contribute to the market's growth. Emerging startups that offer a wide range of CPS solutions, including hardware components, software platforms, connectivity solutions, and consulting services, and increasing adoption of cutting-edge technologies are expected to provide immense opportunities for the growth of the cyber-physical system market worldwide.
The FPNV Positioning Matrix is pivotal in evaluating the Cyber-Physical System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cyber-Physical System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Dataminr Announces the Launch of Cyber-Physical A2I Partner Coalition
Dataminr announced the launch of the Cyber-Physical A2I Partner Coalition at the upcoming RSA Conference. This new strategic partnership among cybersecurity organizations addresses the growing challenges corporations face at the intersection of cyber and physical security. Claroty's focus on securing the cyber-physical systems across the Extended Internet of Things (XIoT), including industrial control systems, medical devices, and building management systems, joins this coalition for the partners. [Published On: 2023-04-20]
Xage Partners with Joint Cyber Defense Collaborative and CISA to Advise on Critical Infrastructure Protection
The recent partnership between Xage Security, Joint Cyber Defense Collaborative (JCDC), and the Cybersecurity and Infrastructure Security Agency (CISA) is important in reinforcing cybersecurity for critical infrastructure. The agreement provides valuable guidance to help reduce the risk of cyberattacks and increase protection against malicious actors. This agreement has significant implications for the cyber-physical systems market, with Xage’s security solutions being available to critical infrastructure operators across various sectors such as energy, utilities, transportation, and communications. Additionally, since CISA is already heavily involved in developing sector-specific guidance on cybersecurity best practices and standards, this ensures that the operators of these critical infrastructures can better protect themselves from potential threats. [Published On: 2023-04-20]
DirectDefense and Claroty Partner to Secure Customers’ Cyber-Physical Systems
DirectDefense partnered with Claroty to secure customers' cyber-physical systems. The joint venture provides a comprehensive portfolio of security products tailored to customers with cyber-physical systems. This ensures that customers have an advanced level of reliable and resilient protection. [Published On: 2023-04-12]
The report delves into recent significant developments in the Cyber-Physical System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd, Amazon.com, Inc, Amphenol RF., Cognizant, Dell Inc., Ericsson, Fujitsu Component Limited, Galois, Inc., Hewlett Packard Enterprise Company, Hitachi Vantara LLC, Honeywell International Inc, Huawei Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, KUKA AG, Microsoft Corporation, NEC Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, Siemens AG, Software AG, Tech Mahindra Limited, The MathWorks, Inc., Toshiba Corporation, and Yokogawa Electric Corporation.
This research report categorizes the Cyber-Physical System Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Component
- Hardware
- Services
- Software
- Deployment
- Cloud
- On-Premises
- Industry
- Aerospace & Defense
- Automotive & Transportation
- Banking, Financial Services & Insurance
- Building, Construction & Real Estate
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Information Technology & Telecommunication
- Manufacturing
- Travel & Hospitality
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Cyber-Physical System Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cyber-Physical System Market?
- What are the technology trends and regulatory frameworks in the Cyber-Physical System Market?
- What is the market share of the leading vendors in the Cyber-Physical System Market?
- Which modes and strategic moves are suitable for entering the Cyber-Physical System Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Cyber-Physical System Market, by Component
- Cyber-Physical System Market, by Deployment
- Cyber-Physical System Market, by Industry
- Americas Cyber-Physical System Market
- Asia-Pacific Cyber-Physical System Market
- Europe, Middle East & Africa Cyber-Physical System Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 302]
- List of Companies Mentioned [Total: 27]
Features of Cyber-Physical Systems:
Cyber-physical systems combine physical and cyber systems to create a unique system with advanced capabilities. These systems comprise four basic components: a sensing and actuation unit that provides data from the physical world, a computational unit or microprocessor that processes data, a communication network that links the various elements of the system, and a control element that acts on the physical world. These features allow CPSs to capture and process large amounts of data in real-time, making them ideal for various applications.
Benefits of Cyber-Physical Systems:
The benefits of CPSs are many. One of their primary advantages is capturing and processing real-time data. This ability can monitor and optimize processes, increasing efficiency and reducing costs. CPSs have also helped reduce downtime by providing real-time feedback on performance, allowing operators to identify and rectify issues before they become major problems. Additionally, cyber-physical systems have been integral in developing autonomous systems, such as self-driving cars.
Role of Cyber-Physical Systems in Digitalization:
Integrating physical and cyber systems has made CPSs an essential aspect of digitalization. Their ability to connect physical and digital systems has allowed industries to optimize processes, reduce costs, and increase efficiency. CPSs play a crucial role in the modern world by enabling seamless integration between the physical and digital worlds. The integration of these two worlds has resulted in the development of smart systems and has brought us one step closer to a fully-automated world.
Government Initiatives for Cyber-Physical Systems:
Governments worldwide have recognized the importance of CPSs and have taken numerous initiatives to promote their development. These initiatives include establishing research and development programs, the provision of funding for CPS research, and the integration of CPSs into industries and government operations. The primary goal of these initiatives is to create a supportive environment for CPSs, allowing for their development and deployment at scale.
Cyber-physical systems have become an essential aspect of digitalization in many industries worldwide. These systems have many advantages, from increased efficiency to reduced costs. The seamless integration between physical and digital systems that CPSs enable has played a crucial role in developing autonomous systems and smart technology. As governments continue to promote the development of CPSs and provide funding for CPS research, we can expect to see these systems become even more prevalent across a range of industries. It is a bright future, with cyber-physical systems paving the way to a more advanced and efficient world.
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