Global Industrial Communication Market Is Anticipated To Reach Around USD 174.5 Billion By 2025

06-Aug-2019 | Zion Market Research

Zion Market Research has published a new report titled “Industrial Communication Market By Component (Software, Hardware, and Services), By Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), and By Application (Aerospace and Defense, Mining, Automotive and Transportation, Chemicals and Fertilizers, Engineering/Fabrication, Water and Wastewater, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global industrial communication market was around USD 83.5 billion in 2018 and is expected to reach approximately USD 174.5 billion by 2025, at a CAGR of around 11.1% between 2019 and 2025.

Industrial communication is the communication between two devices via TCP standard or industrial ethernet IP and automation technology, which are compatible with one another. It includes both wireless and wired communication between different devices using software and components like LED, power supply, communication interfaces, etc. Furthermore, industrial communication increases productivity by controlling the entire production line, observing traffic systems, and controlling the distribution network. Moreover, it aids in transferring data in real-time efficiently and with minimum delays.

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Global Industrial Communication Market

Browse the full “Industrial Communication Market By Component (Software, Hardware, and Services), By Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), and By Application (Aerospace and Defense, Mining, Automotive and Transportation, Chemicals and Fertilizers, Engineering/Fabrication, Water and Wastewater, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/industrial-communication-market

The market demand for industrial communication in the industrial sector is the prominent driving force of the industrial communication market globally. Industrial communication is fast, reliable, and measurable communication that has become a necessity for the industrial sector. The rising adoption of artificial intelligence, IoT, and nanotechnologies is anticipated to further drive the industrial communication market over the forecast timeframe. Furthermore, the growing demand for automation across various industries is also expected to fuel the global industrial communication market. However, improper standardization of equipment among the manufacturers is adversely affecting the data collection and information production, which may hamper this market. Alternatively, the rising use of wireless communication is likely to generate revenue opportunities for this market.

The global industrial communication market is fragmented based on component, communication protocol, and application. By component, the market is divided into hardware, software, and services. On the basis of communication protocol, the market is categorized into industrial ethernet, fieldbus, and wireless. The industrial ethernet segment is expected to grow rapidly in the future, owing to its efficient performance as compared to other protocols due to its high bandwidth capacity, high network coverage, and transmission efficiency. Moreover, industrial ethernet is used to automate and streamline various business operations by IoT. Aerospace and defense, chemicals and fertilizers, mining, water and wastewater, automotive and transportation, engineering/fabrication, and others comprise the application segment of the global industrial communication market.

Currently, North America is leading the industrial communication market globally, due to the high adoption of IoT and various technological advancements. The Asia Pacific region is the leading producer of consumer goods. Korea, Japan, and India are the developing countries, owing to the expansion in electronic goods production. Thus, the Asia Pacific industrial communication market will be driven by these countries. Latin America is witnessing steady growth in the industrial communication market, which has led to an increase in its GDP and employment rate.

Some noticeable players of the global industrial communication market are Emerson Electric, General Electric, Honeywell, Texas Instruments, Schneider Electric, Infineon Technologies, Sick AG, TE Connectivity, Siemens, and Rockwell Automation.

This report segments the global industrial communication market into:

Global Industrial Communication Market: Communication Protocol Analysis

  • Fieldbus
  • Industrial Ethernet
  • Wireless

Global Industrial Communication Market: Component Analysis

  • Software
  • Hardware
  • Services

Global Industrial Communication Market: Application Analysis

  • Aerospace and Defense
  • Mining
  • Automotive and Transportation
  • Chemicals and Fertilizers
  • Engineering/Fabrication
  • Water and Wastewater
  • Others

Global Industrial Communication Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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