Industrial PROFINET Market by Type (PROFINET CBA, PROFINET IO), Product (Hardware, Services, Software), Technology, Application, End Use Industry - Global Forecast 2024-2030

Industrial PROFINET Market by Type (PROFINET CBA, PROFINET IO), Product (Hardware, Services, Software), Technology, Application, End Use Industry - Global Forecast 2024-2030

The Industrial PROFINET Market size was estimated at USD 5.53 billion in 2023 and expected to reach USD 5.90 billion in 2024, at a CAGR 7.45% to reach USD 9.14 billion by 2030.

Industrial PROFINET is an open industrial ethernet solution based on international standards. It is a type of communication protocol used to exchange data and information between controllers and devices in an automation setting. This ethernet-based system provides real-time data communication, facilitating optimized operations, improved production efficiency, and enhanced flexibility in processes. Hence, the applications for industrial PROFINET encompass manufacturers, suppliers, and end-users in industrial sectors, including manufacturing, automotive, energy, and utilities, among others. Companies are actively seeking efficient production processes, and they are increasingly investing in cutting-edge communication protocols such as industrial PROFINET. However, transitioning from conventional processes to automation requires extensive investment and sophisticated training, which can act as a deterrent for some entities. Additionally, the rising concern over data security poses a significant challenge, with potential data breaches disrupting operations and diminishing the attractiveness of adopting such systems. However, major players are constantly exploring innovations and investing in R&D initiatives to improve the privacy settings and data security of industrial PROFINET. Key opportunities emerge in sectors undergoing digital transformation, such as smart manufacturing initiatives and Industry 4.0 programs, where the industrial internet of things (IIoT) and advanced robotics are increasingly prevalent. Furthermore, the expansion of the 5G network and technologies can create new avenues of growth for the industrial PROFINET.

Regional Insights

In the Americas, particularly in the United States and Canada, the adoption of Industrial PROFINET is burgeoning, especially in the domains of logistics, industrial automation, and oil & gas. Investment is ramping up in research and development of PROFINET devices that can allow industries to maintain robust and efficient communication infrastructures. The robust growth of industrial PROFINET in the Americas region can also be attributed to the continuous investments in technological upgrades and modernization. The robustness, resilience, and versatility of PROFINET are expected to increase their adoption, particularly with the rise of the Industry 4.0 revolution. The rising use of PROFINET technology in Europe has led to improvements and advancements in operational efficiency across multiple industries, including manufacturing, automotive, and energy. It has also fostered better safety protocols in industries through advanced monitoring and predictive analytics. Stringent data privacy regulations in Europe have necessitated the adoption of industrial PROFINET in industrial settings. Countries in the APAC region, particularly China, Japan, South Korea, and India, are progressively transitioning towards automated processes and digital technologies. Government initiatives for digitalization of industrial plants and smart factories have fuelled demand and growth of industrial PROFINET.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial PROFINET Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Government initiatives to promote industry 4.0 and smart manufacturing
Adoption of industrial PROFINET to maintain safety in critical industries

Market Restraints

Complex implementation and compatibility issues

Market Opportunities

Advancements in the design and models of industrial PROFINET
Integrating 5G technology with industrial PROFINET

Market Challenges

Technical complexities and cybersecurity threats in industrial PROFINET

Market Segmentation Analysis

Product Offering: Consumer preference for software as it provides improved diagnostic tools and enhanced security features
Technology: Significant utilization of real time technology owing to dual mode of operation makes it a flexible choice
Application: Need for faster response times and consistent operations in industries driving utilization of industrial PROFINET in process automation
End use industry: Deployment of industrial PROFINET in manufacturing industries to support digitization and automation initiatives

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial PROFINET Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial PROFINET Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

EtherNet/IP-Enabled Absolute Encoders Now Available

Encoder Products Company (EPC) has introduced 58 mm absolute encoders, now equipped with EtherNet/IP, a popular industrial Ethernet communication protocol in North America. These encoders boast exceptional reliability, offering easy programming to achieve virtually any required resolution catering to various industrial network requirements.

ORing Introduces IGS/IGPS-9000-PN Series of Industrial Ethernet Switches with PROFINET CC-B Certification

ORing has introduced the industrial-grade IGS/IGPS-9000-PN Ethernet switch series, which is PROFINET certified, showcasing its commitment to the open industrial Ethernet standard. This series comprises of five models, offering a wide operating temperature range and MRP for network redundancy ensuring the uninterrupted and reliable transmission of data even in harsh environments.

HMS Networks Launches the Anybus Wireless Bolt II to Help Industrial Companies Increase Uptime

HMS Networks has introduced the Anybus Wireless Bolt II, an industrial Wi-Fi 5 access point (AP) and wireless distribution system (WDS) client. This innovative product offers a range of improvements including enhanced durability, security, performance, and data transfer rates.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial PROFINET Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial PROFINET Market, highlighting leading vendors and their innovative profiles. These include Advantech Co., Ltd., Analog Devices, Inc., AUMA Riester GmbH & Co. KG, B&R Automation by ABB Ltd., Beckhoff Automation GmbH & Co. KG, Belden Inc., Cisco Systems, Inc., HELUKABEL GmbH, Hilscher Gesellschaft für Systemautomation mbH, HMS Industrial Networks AB, Indu-Sol GmbH, Lapp Group, Lenze SE, Molex, LLC by Koch Industries, Inc., Moxa Inc., ODOT AUTOMATION, Renesas Electronics Corporation, SAB Bröckskes GmbH & Co. KG, Schneider Electric SE, SENECA srl, Siemens AG, Texas Instruments Incorporated, TPC Wire & Cable, Turck Holding GmbH, and VIPA Controls.

Market Segmentation & Coverage

This research report categorizes the Industrial PROFINET Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
PROFINET CBA
PROFINET IO
Product
Hardware
Gateways
Routers
Switches
Services
Design & Implementation
Testing
Software
Technology
Isochronous Real Time
Non-Real Time
Real-Time
Application
Discrete Automation
Process Automation
Safety Systems
End Use Industry
Automotive
Chemical
Food & Beverage
Manufacturing
Mining
Oil & Gas
Pharmaceuticals
Water & Wastewater
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year