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Industrial Ethernet Market is set to grow substantially by 2024 owing to the large-scale adoption of network management devices

Author : Ronak Bora | Published Date : 2019-03-12 

Industrial Ethernet market is set to witness an extensive growth due to the rising adoption of the Industrial Ethernet protocols among the industry verticals. As the industry verticals are getting automated very rapidly, the requirement for an efficient communication network that connects all the components also arises. This drives the demand for Industrial Ethernet protocol to establish a scalable, flexible, and ubiquitous network. Furthermore, the development of more cost-effective devices and the increasing demand for switches are also estimated to have a significant impact on the growth of the market.

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Industrial Ethernet offers a wide range of network security measures to facilitate data integrity and confidentiality. It ensures that the data cannot be accessed by any unauthorized users. Manufacturing devices, such as Programmable Logic Controllers (PLCs) as well as PCs, can be effectively protected due to these network security features. Industrial applications usually depend on broadcast or multicast communication systems. Industrial Ethernet uses intelligent switching platforms, which can dynamically configure interfaces. As a result, the traffic is forwarded to only those ports that are associated with the requested data. Thus, client devices can be relieved from processing unneeded frames.

The players operating in this market offer a wide range of industrial Ethernet switches, service routers, communication interfaces, and Ethernet network media. Manufacturers specializing in industrial Ethernet solutions spend considerable time and resources in developing advanced hardware and software solutions to offer improved process productivity by streamlining industrial network infrastructures. Along with these solutions, providers also offer allied services that include installation, functional testing, training & consultation, and maintenance services.

Industrial Ethernet market is projected to surpass USD 72 billion by 2024. The term industrial Ethernet comprises a series of expansions to the IEEE 802.3 Ethernet standard through which the communication technology in the industrial environment is implemented. Traditional Ethernet was developed for office-based applications; it is subject to certain restrictions and cannot be used in harsh industrial environments. Industrial Ethernet effectively overcomes these limitations and offers significant expansions of the Ethernet technology framework for industrial applications.

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North America dominated the industrial Ethernet market in 2016 with a major share of around 57% and it is expected to maintain this dominance over the forecast timeline owing to the rapid growth of industrial automation in the region. As manufacturers are emphasizing more on getting maximum returns on their capital investments including their network infrastructures, the adoption of industrial Ethernet is expected to swiftly accelerate between 2017 and 2024. The Asia Pacific Ethernet market is projected to exhibit the fastest growth during the forecast period owing to rapid industrialization in countries including China, India, Japan, and Singapore. Also, as the popularity and the adoption of Industrial IoT (IIoT) in the region are growing consistently, the market will witness an exponential growth over the forecast timeline.

The players operating in the industrial Ethernet market offer complete solutions that include field level devices, communication protocols, and system integrations to enhance their customer base and profitability. Cisco, ABB, Rockwell Automation, Siemens, Schneider, Beckhoff Automation, ACS Motion Control, Advanced Motion Control, Honeywell International, Omron, Eaton, Innovasic, and Moxa are some of the major vendors of the Industrial Ethernet market solutions.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected]tovia.org | https://twitter.com/RonakBora26

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