Industrial Ethernet Market growth is driven by rising demand for higher bandwidth and cloud services by several enterprises across various industries is supporting the increasing number of data centers and enhancement in their capacities. These data centers are highly adopting industrial ethernet to cater to the demand of cloud and IoT platforms, leading to the growth of the industrial Ethernet market. The rising IIoT adoption in several enterprises for structuring & restructuring industrial networks is increasing the demand for Industrial Ethernet products, such as switches, gateways, connectors, processors, and controllers, resulting in the market growth over the forecast timeline. —
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The healthcare, automotive, and aerospace & defense sectors are growingly adopting Industry 4.0 to enhance their production process and logistics, contributing to the growth of the industrial Ethernet market. The energy & power in the application segment held a significant market share in 2018 and is expected to maintain its significant market share over the forecast period. The industrial ethernet enables rugged & reliable communication in the oil & gas exploration, resulting in increased productivity with reduced cost. For instance, in October 2016, Siemens claimed that its product lines, SCALANCE and RUGGEDCOM, will reduce the asset downtime by 66% in the energy & power sector.
The demand for this software is exponentially high among myriad end-use sectors on account of the rising expenditure on infrastructure and the increasing requirement to enhance performance and network flexibility. Indeed, companies have even been upgrading their already existing Ethernet protocols for performance improvisation, strengthening their stance in industrial ethernet market.
A major credit of the anticipated steeping revenue graph of industrial ethernet market goes to the increasing number of lucrative initiatives undertaken by the tech giants with respect to standardization. Say for instance, Qualcomm’s demonstration of wireless Profinet Industrial Ethernet over 5G New Radio(NR) had created quite a buzz in the business space a couple of years ago. Private 5G Network for industrial IoT, as per experts’ opinion, is a significant arena that would demand attention for the next phase of global 3GPP 5G NR. In response to this opportunistic wave, the American telecommunication conglomerate may have taken this initiative, setting it as a standard for other players of the global industrial communication market.
The PROFINET in the protocol segment is anticipated to grow at a significant CAGR due to its features such as faster, safer, and low-cost data transfer in real-time operation. The protocol is growingly deployed in process automation, factory automation, automobile manufacturing lines, building automation, robotics, and power plants as it provides protection against hazardous environments. The remote monitoring using the protocol contributes to industrial Ethernet market growth.
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The Asia Pacific industrial Ethernet market is projected to grow at a significant CAGR during the forecast period. The supportive government initiatives and hefty investments to extensively convert traditional grids into smart grids in countries such as China, Japan, and India are resulting in the proliferation of the industrial Ethernet market. The green initiatives adopted by the government of the region to reduce carbon intensity and increase the use of a renewable source of energy are supporting the growth of the smart grid technology in the region, resulting in the market growth.
Some of the other potential contenders in industrial ethernet market who have also worked on the same profile include Moxa, Siemens, Allied Telesis, and Mencom Corporation. All in all, with robust product innovation underway and a strong regulatory groundwork backing it, industrial ethernet market is set to explore a plethora of new applications in the ensuing years, with a target valuation of USD 70 billion by 2025.
Table Of Content For This Research Report:
Chapter 6. Industrial Ethernet Market, By Protocol
6.1. Key trends, by protocol
6.2. Ethernet TCP/IP
6.2.1. Ethernet TCP/IP market size, 2014-2025
6.3.1. Gigabit market size, 2014-2025
6.4.1. PROFINET market size, 2014-2025
6.5. Modbus TCP/IP
6.5.1. Modbus TCP/IP market size, 2014-2025
6.6.1. Powerlink market size, 2014-2025
6.7.1. EtherCAT market size, 2014-2025
6.8. Sercos III
6.8.1. Sercos III market size, 2014-2025
6.9.1. HSE market size, 2014-2025
6.10.1. Others market size, 2014-2025
Chapter 7. Industrial Ethernet Market, By Application
7.1. Key trends, by application
7.2. Automotive & transport
7.2.1. Automotive & transport market size, 2014 - 2025
7.3. Aerospace & defense
7.3.1. Aerospace & defense market size, 2014 - 2025
7.4. Electrical & electronics
7.4.1. Electrical & electronics market size, 2014 - 2025
7.5. Oil & gas
7.5.1. Oil & gas market size, 2014 - 2025
7.6. Energy & Power
7.6.1. Energy & power market size, 2014 - 2025
7.7.1. Chemical market size, 2014 - 2025
7.8.1. Others market size, 2014 - 2025
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