US & Japan SCADA system Market is expected to reach US$ 9,050.86 million (US) & US$ 3,092.34 million (Japan) by 2028

According to our latest study on “US & Japan SCADA System Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Product, SCADA Architecture, and Industry,” the US SCADA system market was valued at US$ 6,170.50 million in 2022 and is projected to reach US$ 9,050.86 million by 2028; it is estimated to grow at a CAGR of 6.6% during the forecast period.

The Japan SCADA system market was valued at US$ 1,882.24 million in 2022 and is projected to reach US$ 3,092.34 million by 2028; it is estimated to grow at a CAGR of 8.6% during the forecast period.

The US and Japan are among the world's most industrially developed countries. A rise in manufacturing activities in the automotive, pharmaceutical, and food & beverages industries, and the rapid pace of urbanization support the SCADA system market growth in these countries.

As 5G technology continues to develop, businesses are eager to explore its benefits by installing modern systems such as SCADA to enhance their operational efficiencies. 5G technology is capable of revolutionizing how people communicate. It could significantly influence the application of SCADA systems by improving their speed and reliability. The rollout of 5G in the US began in 2019 and in Japan in 2020, and it has brought about massive changes in how businesses interact. The utility sector is an early adopter of cellular networks. In water applications, in particular, 5G allows operators housed in a single control room to monitor assets such as pumping stations, which are often placed kilometers apart, using a central SCADA platform. Wider adoption of cellular technologies supports functionalities such as sending alarms, error warnings, and general status updates through text messages. While 3G and 4G cellular networks have realized machine-to-machine communications and monitoring using mobile devices, as part of the Industrial Internet of Things (IIoT). Further, 5G helps rule out limitations of older cellular technologies such as 3G and 4G by supporting higher speed, greater bandwidths, improved reliability, and low latency in communications.

Along with enhanced capabilities, 5G could bring substantial cost reductions in the operations of SCADA systems. For example, by eliminating the need for hundreds of meters of wired IO, 5G expands the potential for decentralized control and wireless sensor networks. Further, the reliable, high-speed, and low-latency communications provided by 5G could open the possibility for the use of wireless solutions for closed-loop control in process automation. 5G would inevitably complement SCADA as a key enabler in future smart factories. With this, more and more businesses are likely to move their SCADA systems to 5G over time. Thus, developments in the 5G technology provide lucrative opportunities for the US and Japan SCADA market growth.

Impact of COVID-19 Pandemic on US SCADA system Market Growth
The COVID-19 pandemic led to a cascading impact on multiple industries in the US with temporary shutdown in first half of 2020. Operations in the manufacturing industry were put on hold, which hampered the business dynamics in the first half of 2020. The forced shutdown of businesses created a ripple effect, impacting almost every business. Disruptions in supply chains due to travel restrictions limited the raw material supply and production activities, which hampered the availability of SCADA systems in the market. As airlines stopped carrying passengers and idled their aircraft due to government restrictions, the demand for fuel and ultimately crude oil dropped dramatically. As the oil companies lost millions of dollars a day during the pandemic period, they cut excess spending by canceling or temporarily suspending support contracts and putting many out of work. The disharmony in the aerospace industry directly impacted the SCADA system market in the US. However, since 2021, the industrial sector in the US has been improving at a faster pace. Many manufacturing plants are nearly back to production levels after a temporary shutdown during the COVID-19 pandemic which signifies the potential for the growth of the SCADA market in the US in the coming years.

The report segments the US & Japan SCADA system market Analysis as follows:
The US and Japan SCADA market analysis is segmented on the basis of component, SCADA architecture, and industry. Based on component, the SCADA system market size is categorized into human–machine interface, programmable logic controller, remote terminal unit, and communication system. In terms of SCADA architecture, the US and Japan SCADA system market is segmented into software and hardware. By industry, the SCADA system market size is segmented into chemicals, transportation, food & beverages, oil & gas, marine, power generation, manufacturing, and others.

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com