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Industrial Communication Market: Things to Focus on to Ensure Long-term Success 2020-2025

Author : Ronak Bora | Published Date : 2020-09-07 

The global industrial communication market has thrived successfully in the recent decade as growing adoption of these components in Industry 4.0 has effectively helped increased productivity in major industries. Labor reduction, waste reduction, repeatability, enhanced quality control, and integration with existing business systems have given companies an added advantage by lowering long-term costs, which could indirectly increase product output and revenue.

Communication networks like LAN (Local Area Network) or WAN (Wide Area Network) can communicate large amounts of data via limited number of channels. Whereas industrial networking enable implementing various communication protocols between field devices, digital controllers and several automation related software tools and external systems.

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Therefore modern industries have demonstrated increased adoption of industrial communication networks over traditional LAN and WAN. This has led to industrial communication market size depicting a substantial increase lately.

According to renowned automation conglomerate ABB, and one of the notable players in industrial communication market, the firm’s revenue increased by 5% to $7,395 million in 2018. This has been credited to the strong growth in robotics & motion, robust performance achieved from electrification products and a steady result owing to industrial automation.

Top Key Players In Industrial Communication Market are ABB Ltd., ACS MOTION CONTROL, Advanced Motion Control, ADVANTECH Co. Ltd., Beckhoff Automation GmbH, Belden Inc., Bosch Rexroth AG, Cisco System Inc., Eaton Corporation, General Electric, HMS Industrial Networks, Honeywell International Inc., Ifm electronic gmbh, Mitsubishi Electric Group, Moxa Inc., Omron Corporation, Parker Hannifin Inc., Rockwell Automation, Schneider Electric, Sick AG, Siemens AG

Growing demand for increased data processing speed will foster industrial communication market size in the automation sector. As industrial operations are becoming more complex and variable, the market has registered immense growth over recent years. Indeed, a greater number of network-based programmable controllers and mechanisms are required within modern industries to attain faster decisions and increased productivity and efficiency.

Being a major producer of automation equipment, U.S. is anticipated to drive massive growth in industrial communication market. Citing International Trade Association (ITA) reports, the country is the leading producer of hardware components that are used in automated systems as well as a major supplier to manufacturing or production industries across the globe.

Table Of Content:

Chapter 5. Industrial Communication Market, By Component

5.1. Key trends, by component

5.2. Hardware

5.2.1. Market estimates and forecast, 2014 – 2025

5.2.2. Switches

5.2.2.1. Market estimates and forecast, 2014 – 2025

5.2.3. Hubs, routers & gateways

5.2.3.1. Market estimates and forecast, 2014 – 2025

5.2.4. Connectors

5.2.4.1. Market estimates and forecast, 2014 – 2025

5.2.5. Communication interfaces

5.2.5.1. Market estimates and forecast, 2014 – 2025

5.2.6. Controllers & processors

5.2.6.1. Market estimates and forecast, 2014 – 2025

5.2.7. Others

5.2.7.1. Market estimates and forecast, 2014 – 2025

5.3. Software

5.3.1. Market estimates and forecast, 2014 – 2025

5.4. Services

5.4.1. Market estimates and forecast, 2014 -- 2025

5.4.2. Installation service

5.4.2.1. Market estimates and forecast, 2014 – 2025

5.4.3. Mainteance service

5.4.3.1. Market estimates and forecast, 2014 – 2025

Chapter 6. Industrial Communication Market, By Protocol

6.1. Key trends, by protocol

6.2. Fieldbus

6.2.1. Market estimates and forecast, 2014 – 2025

6.2.2. CANopen

6.2.2.1. Market estimates and forecast, 2014 – 2025

6.2.3. CC- Link

6.2.3.1. Market estimates and forecast, 2014 – 2025

6.2.4. DeviceNet

6.2.4.1. Market estimates and forecast, 2014 – 2025

6.2.5. Modbus

6.2.5.1. Market estimates and forecast, 2014 – 2025

6.2.6. PROFIBUS

6.2.6.1. Market estimates and forecast, 2014 – 2025

6.2.7. Others

6.2.7.1. Market estimates and forecast, 2014 – 2025

6.3. Ethernet

6.3.1. Market estimates and forecast, 2014 – 2025

6.3.2. EtherCAT

6.3.2.1. Market estimates and forecast, 2014 – 2025

6.3.3. EtherNet/IP

6.3.3.1. Market estimates and forecast, 2014 – 2025

6.3.4. Modbus – TCP/IP

6.3.4.1. Market estimates and forecast, 2014 – 2025

6.3.5. Powerlink

6.3.5.1. Market estimates and forecast, 2014 – 2025

6.3.6. PROFINET

6.3.6.1. Market estimates and forecast, 2014 – 2025

6.3.7. Others

6.3.7.1. Market estimates and forecast, 2014 – 2025

6.4. Wireless

6.4.1. Market estimates and forecast, 2014 – 2025

6.4.2. ISA100.11a

6.4.2.1. Market estimates and forecast, 2014 – 2025

6.4.3. Wireless HART

6.4.3.1. Market estimates and forecast, 2014 – 2025

6.4.4. WLAN

6.4.4.1. Market estimates and forecast, 2014 – 2025

6.4.5. Others

6.4.5.1. Market estimates and forecast, 2014 – 2025

Chapter 7. Industrial Communication Market, By Application

7.1. Key trends, by application

7.2. Aerospace & defense

7.2.1. Market estimates and forecast, 2014 – 2025

7.3. Automotive & transportation

7.3.1. Market estimates and forecast, 2014 – 2025

7.4. Chemical

7.4.1. Market estimates and forecast, 2014 – 2025

7.5. Electrical & electronics

7.5.1. Market estimates and forecast, 2014 – 2025

7.6. Energy & power

7.6.1. Market estimates and forecast, 2014 – 2025

7.7. Food & beverages

7.7.1. Market estimates and forecast, 2014 – 2025

7.8. Industrial manufacturing

7.8.1. Market estimates and forecast, 2014 – 2025

7.9. Oil & gas

7.9.1. Market estimates and forecast, 2014 – 2025

7.10. Pharmaceutical

7.10.1. Market estimates and forecast, 2014 – 2025

7.11. Others

7.11.1. Market estimates and forecast, 2014 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/industrial-communication-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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