IMARC Group, a leading market research company, has recently releases report titled “Industrial Ethernet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global industrial ethernet market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Industrial Ethernet Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 10.70 Billion |
| Market Forecast in 2028 | US$ 16.34 Billion |
| Growth rate (2023 to 2028) | CAGR of 7.20% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What are Industrial Ethernet?
Industrial ethernet (IE) is specifically implemented and designed to involve the usage of standard ethernet protocols and technologies. It enables the integration of industrial automation systems, such as human-machine interfaces (HMIs), sensors, programmable logic controllers (PLCs), actuators, and other control devices. Industrial ethernet enables the exchange of large volumes of data between devices and systems. It also facilitates the interchanging of information between various devices and systems, which allows enhanced process visibility, control, and automation to reduce downtime, optimize resource utilization, improve operational efficiency and productivity, etc. Industrial ethernet incorporates security features to protect industrial systems and data from tampering, unauthorized access, and cyber threats.
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What are the growth prospects and trends in the industrial ethernet market industry?
The widespread adoption of IE for real-time control and monitoring complex processes is primarily driving the industrial ethernet market. Additionally, it enables the easy exchange of critical data among supervisory control and data acquisition (SCADA) systems and numerous instruments and actuators, which is further bolstering the market growth. Besides this, the growing usage of industrial ethernet in the transportation and logistics sectors for controlling warehouses, vehicles, and logistics systems is acting as another significant growth-inducing factor. Moreover, it also finds extensive applications in the food and beverage (F&B) industry to facilitate easy communication between control systems, production equipment, and manufacturing execution systems (MES) to ensure compliance with regulatory standards and optimize production efficiency, which is positively influencing the global market. Apart from this, the escalating demand for higher bandwidth connections is also stimulating the market growth. Furthermore, the rising number of data centers is anticipated to fuel the industrial ethernet market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- Advantech Co. Ltd.
- Beckhoff Automation
- Belden Inc.
- Cisco Systems Inc.
- Honeywell International Inc.
- Moxa Inc.
- OMRON Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Weidmüller GmbH & Co KG
What is included in market segmentation?
The report has segmented the market into the following categories:
Offering Insights:
- Hardware
- Software
- Services
Protocol Insights:
- EtherNet/IP
- EtherCAT
- PROFINET
- POWERLINK
- SERCOS III
- Others
End User Insights:
- Automotive and Transportation
- Electrical and Electronics
- Pharmaceutical and Medical Devices
- Aerospace and Defense
- Energy and Power
- Oil and Gas
- Food and Beverages
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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