Global Industrial Communication Market, By Offerings (Components, Software, Services), Communication Protocol (Fieldbus, Industrial Ethernet, Wireless), End User (Automotive and Transportation, Electrical and Electronics, Aerospace and Defense, Oil and Gas, Chemicals and Fertilizers, Food and Beverages, Pharmaceutical, Energy and Power, Mining, Engineering or Fabrication, Water and Wastewater, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Industrial Communication Market
The industrial communication market is expected to witness market growth at a rate of 8.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on industrial communication market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the digital industrial technology is escalating the growth of industrial communication market.
Industrial communication can be referred to as a communication protocol that has a procedure which allow for the exchange and transfer of data between the devices in turn to be able to communicate. With the developments in the technology arises the advancement in the field of electronics, this has permitted for the automation of industrial procedures.
Major factors that are expected to boost the growth of the industrial communication market in the forecast period are the rise in the demand for scalable, faster, reliable, and interoperable communication protocols. Furthermore, the growing of the utilization of digital twin to safely monitor smart production operations is further anticipated to propel the growth of the industrial communication market. On the other hand, the lack of standardization in the industrial communication protocols and interfaces is further projected to impede the growth of the industrial communication market in the timeline period.
In addition, the 5G would offer profitable opportunity for growth of Industrial IoT in the coming years. However, the threats concerning the cybersecurity and the severe field site conditions such as high-voltage transients, severe shocks and vibrations, and the extremely high temperatures might further challenge the growth of the industrial communication market in the near future.
This industrial communication market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial communication market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Communication Market Scope and Market Size
The industrial communication market is segmented on the basis of offerings, communication protocol and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offerings, the industrial communication market is segmented into components, software, services. Components is further sub segmented into switches, hubs, routers, and gateways, connectors, communication interfaces, power supply devices, controllers and processors, memory, isolators and convertors and others.
- On the basis of communication protocol, the industrial communication market is segmented into fieldbus, industrial ethernet, and wireless. Fieldbus is further sub segmented into foundation fieldbus and hart, profibus, modbus, CC- Link, devicenet, canopen, interbus, and others. Industrial ethernet is further sub segmented into profinet, ethernet/IP, ethercat, modbus – TCP, Powerlink, and sercos iii. Wireless is further sub segmented into WLAN, Isa100.11a, cellular, whart, zigbee and others.
- On the basis of end user, the industrial communication market is segmented into automotive and transportation, electrical and electronics, aerospace and defense, oil and gas, chemicals and fertilizers, food and beverages, pharmaceutical, energy and power, mining, engineering or fabrication, water and wastewater, and others.
Industrial Communication Market Country Level Analysis
The industrial communication market is analysed and market size, volume information is provided by country, offerings, communication protocol and end user as referenced above.
The countries covered in the industrial communication market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the industrial communication market due to the supportive initiatives taken by the government and policies. Furthermore, the promote automation and the digitalization amongst the industries will further boost the growth of the industrial communication market in the region during the forecast period. Europe is projected to observe significant amount of the growth in the industrial communication market due to the large-scale investment in the industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Communication Market Share Analysis
The industrial communication market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial communication market.
The major players covered in the industrial communication market report are SICK AG, OMRON Corporation, Schneider Electric, Belden Inc., Siemens, Rockwell Automation, ABB, General Electric Company, Advantech Co., Ltd., HMS Networks, ifm electronic gmbh, Telefonaktiebolaget LM Ericsson, Honeywell International Inc., B&R, Robert Bosch GmbH, Anixter Inc., Texas Instruments Incorporated., TE Connectivity., National Instruments, Molex, Pepperl+Fuchs Factory Automation Pvt. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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