Published Date: 2018-04-17
Compared to 2015, Cyber Physical System market managed to increase sales by 10.21% to 4.68 billion USD worldwide in 2016. Overall, the Cyber Physical System performance is positive, despite the weak economic environment.
The global Cyber Physical System production market is expected to reach 9.22 billion USD by 2022 from 4.68 billion USD in 2016, growing at a CAGR of 10.17% from 2016 to 2022. And North America market is expected to become the biggest market with $ 3486.83 million of revenue in 2022.
We must embrace the technological evolution that the Internet of Things, and CPSs in particular, bring to our everyday lives. These technologies will increase the quality of services and ultimately benefit the environment as they are implemented in smart cities throughout the world.
CPSs, as a driver of innovation, involve many different disciplines. Industries as a whole have the opportunity to turn CPSs into an industrially applicable field. Moreover, CPSs require a highly skilled workforce, promoting collaborations and iterations between industries and universities. Finally, CPSs have a huge potential to change and improve every aspect of peoples' lives, addressing critical challenges for our society and exceeding today's distributed systems in security, performance, efficiency, reliability, usability, and many others.
The Global Cyber Physical System Market Size, Status and Forecast 2022 report released by QYResearch provides a basic overview of the Cyber Physical System industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Cyber Physical System industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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