Cyber-Physical Systems (CPS) Companies

The global cyber-physical systems market is expected to be valued at USD 124.1 billion in 2024 and is projected to reach USD 255.3 billion by 2029; it is expected to grow at a CAGR of 15.5% from 2024 to 2029. Market participants have adeptly addressed rising cyber-physical systems demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations. The cyber-physical systems market is driven by the integration of technologies such as AI and IoT that enhance system capabilities. Additionally, the revolution of Industry 4.0 promotes smart factories and automation which increasing demand for CPS in various sectors.

Key players operating in the cyber-physical systems market are ABB (Switzerland), Honeywell International Inc. (US), Hitachi, Ltd. (Japan), Schneider Electric (France), Siemens (Germany), Rockwell Automation (US), Continental AG (Germany), General Electric Company (US), Toshiba Corporation (Japan), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (US), Emerson Electric Co. (US), Intel Corporation (US), IBM Corporation (US), Dassault Systèmes (France), Microsoft (US), Johnson Controls Inc. (Ireland), Oracle (US), SAP SE (Germany), Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Mitsubishi Electric Corporation (Japan), Itron Inc. (US), Fuji Electric Co., Ltd. (Japan), YASKAWA ELECTRIC CORPORATION (Japan), and FANUC CORPORATION (Japan) among others. The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the cyber-physical systems market. The organic and inorganic strategies have helped the market players expand globally by cyber-physical systems solutions.

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Major Cyber-Physical Systems (CPS) companies include:

• ABB (Switzerland)
• Honeywell International Inc. (US)
• Rockwell Automation (US)
• Schneider Electric (France)
• Siemens (Germany)
• Continental AG (Germany)
• General Electric Company (US)
• Hitachi, Ltd. (Japan)
• Toshiba Corporation (Japan)
• Robert Bosch GmbH (Germany)

ABB (Switzerland)

ABB is a global technology company based in Zurich, Switzerland, mainly working on electrification, automation, robotics, and motion products. Integral solutions that increase energy efficiency and productivity for industries of all kinds, utilities, transportation, and infrastructure are manufactured and marketed. The company offers Industrial automation and control systems, power grids, and robotics. These products are supportive of digital transformation and sustainability. ABB offers advanced automation solutions for cyber-physical systems (CPS), combining control systems with sensors and industrial software to help with manufacturing processes. The company has an operational presence in more than 100 countries globally.

Honeywell International Inc. (US)

Honeywell International Inc. is a leading multinational corporation headquartered in North Carolina, US. It participates in several diversified industry segments in the open market, such as aerospace, building technologies, performance materials, and safety and productivity solutions. Honeywell is involved in developing and manufacturing advanced technologies specializing in automation, energy efficiency, and industrial safety while serving a very diversified customer base worldwide across manufacturing, energy, and defense industries. Honeywell provides customers with integrated industrial automation and control systems, with the power of physical processes combined with digital technologies that allow for real-time monitoring, predictive maintenance, and advanced security across aerospace, industrial, and energy industries.

Rockwell Automation (US)

Rockwell Automation, Inc. provides an extensive platform of industrial automation and information services to meet every requirement of all industries. The business is operated through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment groups a broad portfolio of innovative smart products, which, at some point, provide the most basic building blocks that can be used to build an effective, productive, agile, resilient, and sustainable production system. The Software and Control segment combines a broad portfolio of platforms focused on production automation and production operations, including specialized hardware and sophisticated software solutions that help optimize processes. The Lifecycle Services segment provides professionally delivered services and value-added solutions in its portfolio. The company offers a broad portfolio of programmable logic controllers, human-machine interface devices, industrial control systems, and advanced analytics software in more than 100 countries worldwide.

Schneider Electric (France)

Schneider Electric is actively undertaking this digital transformation course to improve its energy management and automation systems. The company operates several distinct segments, including energy management, industrial automation, central functions, and digital costs. The energy management segment is focused on offering end-to-end technology solutions that encompass everything from design to operations, which are made possible through its state-of-the-art, web-based innovation platform, EcoStruxure. Under the Industrial Automation segment, it has a host of activities related to industrial automation and control across diverse industries such as discrete manufacturing, process industries, and hybrid industries that draw elements from both. Schneider Electric offers a broad and diversified portfolio that includes power distribution systems and automation solutions, comprehensive building management systems, and industrial control mechanisms. This company has operated in more than 115 countries across North America, the Asia-Pacific, and Western Europe, mainly in data centers and grid infrastructure.

Siemens (Germany)

Siemens is an established technology corporation that actively operates diversified businesses, with special attention to automation and digitalization. It operates through several diversified segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services. Under the Digital Industries segment, Siemens offers an extensive range of product portfolios in connection with comprehensive system solutions in the field of automation for both discrete and process industries, supporting a vast array of industrial applications. The Smart Infrastructure segment comprises a wide range of products, systems, solutions, services, and software that contribute to and support the transformation—at the very core—of traditional fossil fuel-based energy sources to renewable and more sustainable forms of energy. Its mobility segment bundles all Siemens businesses related to passenger and freight transportation, thus providing excellent solutions for contemporary transit. The Siemens Healthineers segment develops, manufactures, and markets diagnostic and therapeutic products as well as related services. Additionally, the company has a strong network of distribution that is highly vast and well established with over 190 countries worldwide.

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Cyber-Physical Systems (CPS) Market by Edge Computing, Data Processing & Analytics, Sensor, Actuator, ICS, IIoT, Digital Twin, Intelligent Transportation System, Smart Grid, Smart Building, Smart Agriculture, Robotics, Framework - Global Forecast to 2029

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