Lucintel’s latest market report analyzed that intelligent electronic device provides attractive opportunities in the oil & gas, food & beverage, automotive, energy & power, pharmaceutical, and chemical industries. The intelligent electronic device market is expected to reach $19.7 billion by 2028 with a CAGR of 8%. In this market, automation is the largest segment by application, whereas oil & gas is largest by end use industry.
Based on application, the intelligent electronic device market is segmented into mass transit system, traction signaling & control system, water supply & management system, automation, and condition monitoring. The automation segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the widespread use of automated equipment and systems across a variety of industries, including military, defense, aerospace, retail, healthcare, and advanced infrastructure.
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The Intelligent Electronic Device Market is marked by the presence of several big and small players. Some of the prominent players offering intelligent electronic device include ABB, Cisco Systems, Black & Veatch, Honeywell International, and Eaton.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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