Industrial Communication Market by Communication Protocol (Fieldbus, Industrial Ethernet, Wireless), Component (Hardware, Services, Software), Industry Vertical - Global Forecast 2023-2030
The Industrial Communication Market is projected to reach USD 63.86 billion by 2030 from USD 33.16 billion in 2022, at a CAGR of 8.53% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Industrial Communication Market.
- Based on Communication Protocol, market is studied across Fieldbus, Industrial Ethernet, and Wireless. The Fieldbus is further studied across Canopen, CC-Link, Devicenet, Foundation Fieldbus & HART, Interbus, Modbus, and Profibus. The Industrial Ethernet is further studied across CC-Link IE, Ethercat, EtherNet/IP, Modbus TCP, Powerlink, Profinet, and Sercos III. The Wireless is further studied across Cellular, ISA100.11a, WHART, WLAN, and Zigbee. The Industrial Ethernet commanded largest market share of 42.23% in 2022, followed by Fieldbus.
- Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Communication Interfaces, Connectors, Controllers & Processors, Hubs, Routers, & Gateways, Isolators & Convertors, Memory, Power Supply Devices, and Switches. The Hardware commanded largest market share of 58.65% in 2022, followed by Services.
- Based on Industry Vertical, market is studied across Aerospace & Defense, Automotive & Transportation, Chemicals & Fertilizers, Electrical & Electronics, Energy & Power, Engineering & Fabrication, Food & Beverages, Mining, Oil & Gas, Pharmaceutical, and Water & Wastewater. The Automotive & Transportation commanded largest market share of 16.33% in 2022, followed by Electrical & Electronics.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.87% in 2022, followed by Asia-Pacific.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Industrial Communication Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Industrial Communication Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Communication Market, highlighting leading vendors and their innovative profiles. These include Aaeon Technology Inc., ABB Ltd., Advantech Co., Ltd., B+M Blumenbecker GmbH, Belden Inc., Cisco Systems, Inc., General Electric Company, Honeywell International Inc., IFM Electronic GmbH, Industrial Communications, LLC, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Molex, LLC, Moxa Inc., Nokia Corporation, Omron Corporation, Pepperl+Fuchs SE, Phoenix Contact Gmbh & Co. Kg, Renesas Electronics Corporation, Robert Bosch AG, Rockwell Automation, Inc., SAP SE, Schneider Electric SE, Sick AG, Siemens AG, STMicroelectronics N.V., Telefonaktiebolaget LM Ericsson, Texas Instruments, and Tridon Communications.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Industrial Communication Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Industrial Communication Market?
- What is the competitive strategic window for identifying opportunities in the Industrial Communication Market?
- What are the latest technology trends and regulatory frameworks in the Industrial Communication Market?
- What is the market share of the leading vendors in the Industrial Communication Market?
- Which modes and strategic moves are suitable for entering the Industrial Communication Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Industrial Communication Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising demand of reliable, scalable and real-time communication across industries
- 5.1.1.2. Emergence of Industry 4.0 and the Industrial Internet of Things (IIoT) in industries
- 5.1.1.3. High adoption of ethernet-based communication networks
- 5.1.2. Restraints
- 5.1.2.1. High implementation cost and lack of standardization
- 5.1.3. Opportunities
- 5.1.3.1. Deployment of 5G for enabling efficient communication networks in industries
- 5.1.3.2. Integration of AL/ML in industrial communications and advancements in wireless technologies
- 5.1.4. Challenges
- 5.1.4.1. Concern regarding cybersecurity threats and harsh operating conditions
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Investment in expanding 5G infrastructure and rising wireless communications enhance market growth in the Americas.
- 5.3.2. Encouraging government backing for smart manufacturing and Industry 4.0 widens the APAC region's market growth.
- 5.3.3. Rapid transformation of the manufacturing sector and government support for Industry 4.0 encourage the EMEA region’s market growth.
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Industrial Communication Market, by Communication Protocol
- 6.1. Introduction
- 6.2. Fieldbus
- 6.3.1. Canopen
- 6.3.2. CC-Link
- 6.3.3. Devicenet
- 6.3.4. Foundation Fieldbus & HART
- 6.3.5. Interbus
- 6.3.6. Modbus
- 6.3.7. Profibus
- 6.3. Industrial Ethernet
- 6.4.1. CC-Link IE
- 6.4.2. Ethercat
- 6.4.3. EtherNet/IP
- 6.4.4. Modbus TCP
- 6.4.5. Powerlink
- 6.4.6. Profinet
- 6.4.7. Sercos III
- 6.4. Wireless
- 6.5.1. Cellular
- 6.5.2. ISA100.11a
- 6.5.3. WHART
- 6.5.4. WLAN
- 6.5.5. Zigbee
- 7. Industrial Communication Market, by Component
- 7.1. Introduction
- 7.2. Hardware
- 7.3.1. Communication Interfaces
- 7.3.2. Connectors
- 7.3.3. Controllers & Processors
- 7.3.4. Hubs, Routers, & Gateways
- 7.3.5. Isolators & Convertors
- 7.3.6. Memory
- 7.3.7. Power Supply Devices
- 7.3.8. Switches
- 7.3. Services
- 7.4. Software
- 8. Industrial Communication Market, by Industry Vertical
- 8.1. Introduction
- 8.2. Aerospace & Defense
- 8.3. Automotive & Transportation
- 8.4. Chemicals & Fertilizers
- 8.5. Electrical & Electronics
- 8.6. Energy & Power
- 8.7. Engineering & Fabrication
- 8.8. Food & Beverages
- 8.9. Mining
- 8.10. Oil & Gas
- 8.11. Pharmaceutical
- 8.12. Water & Wastewater
- 9. Americas Industrial Communication Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Industrial Communication Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Industrial Communication Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
- 12.3.1.1. Intel, Ericsson Expand Collaboration to Advance Next-Gen Optimized 5G Infrastructure
- 12.3.1.2. Airbus and Cellnex strengthen partnership for mission-critical communications
- 12.3.1.3. Schneider Electric and Capgemini Collaborate to Accelerate 5G Industrial Automation, Supported by Qualcomm
- 12.3.1.4. Nokia and Kyndryl expand global network and edge computing alliance
- 12.3.1.5. Siemens and NVIDIA to Enable Industrial Metaverse
- 12.3.2. New Product Launch & Enhancement
- 12.3.2.1. Industrial Operations X brings cutting-edge IT and AI into industrial automation
- 12.3.2.2. Huawei Launches the Industry's First End-to-End OSU Product Portfolio, Building a Reliable Optical Communication Base for Industries
- 12.3.2.3. Schneider Electric Launches Industrial Digital Transformation Consulting and Deployment Service
- 12.3.2.4. New generation of Siemens Industrial Ethernet Switches strengthens OT/IT collaboration
- 12.3.3. Investment & Funding
- 12.3.3.1. Apax Funds make approximately USD 450 million investment in travel tech company IBS Software
- 12.3.3.2. ATLAS Space Operations Secures USD 26 million in Series B Funding Led by Mitsui
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. Aaeon Technology Inc.
- 13.1.2. ABB Ltd.
- 13.1.3. Advantech Co., Ltd.
- 13.1.4. B+M Blumenbecker GmbH
- 13.1.5. Belden Inc.
- 13.1.6. Cisco Systems, Inc.
- 13.1.7. General Electric Company
- 13.1.8. Honeywell International Inc.
- 13.1.9. IFM Electronic GmbH
- 13.1.10. Industrial Communications, LLC
- 13.1.11. Intel Corporation
- 13.1.12. International Business Machines Corporation
- 13.1.13. Microsoft Corporation
- 13.1.14. Mitsubishi Electric Corporation
- 13.1.15. Molex, LLC
- 13.1.16. Moxa Inc.
- 13.1.17. Nokia Corporation
- 13.1.18. Omron Corporation
- 13.1.19. Pepperl+Fuchs SE
- 13.1.20. Phoenix Contact Gmbh & Co. Kg
- 13.1.21. Renesas Electronics Corporation
- 13.1.22. Robert Bosch AG
- 13.1.23. Rockwell Automation, Inc.
- 13.1.24. SAP SE
- 13.1.25. Schneider Electric SE
- 13.1.26. Sick AG
- 13.1.27. Siemens AG
- 13.1.28. STMicroelectronics N.V.
- 13.1.29. Telefonaktiebolaget LM Ericsson
- 13.1.30. Texas Instruments
- 13.1.31. Tridon Communications
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook