Industrial Communication Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-881 | Report Format : | Status : Upcoming |

Abstract

Global Industrial Communication Market: Overview

Today’s industrial automation and complex technology involve many challenges. Automation systems comprise many components such as programmable logic controllers, industrial peripherals, industrial computers, and human-machine interface. Cutting-edge technologies should keep seamless coordination and communications to meet stringent customer requirements such as high reliability and high efficiency. Industrial communication plays an important role in controlling machines and production lines, monitoring modern traffic systems, or controlling power distribution. Industrial communication system integrates all areas such as quality & productions to acquisition & transmission. The integration of industrial communication devices improves operational efficiency, minimizes downtime, enhances the reliability of systems, and optimizes processes.

Global Industrial Communication Market: Segmentation

The global industrial communication market is classified based on the offering, end use applications, and communication protocol. The offering segment is further divided into components, software, and services. On the basis of communication protocol, the global market is classified as Field bus, industrial Ethernet, and wireless. By end-use application, the global industrial communication market can be divided into automotive & transportation, aerospace & defense, pharmaceutical, energy and power generation, water and wastewater, oil & gas, electrical and electronics, food & beverages, mining, and so on.

Global Industrial Communication Market: Growth Factors

The growth of the global industrial communication market can be attributed to the growing demand for industrial communication in applications such as electronics and automotive manufacturing. The technologies are expected to grow due to ever growing sharing of information, enhancing efficiency, increasing safety, and reducing downtime. Rising adoption of Internet of Thing (IoT) plays a significant role in the industrial communication market. Development in the machine-to-machine communication is also driving the growth of the global market. However, complexity due to different standards and different equipment by various manufacturers hinders the data collection and information flow and processes for the industrial communication market.

Global Industrial Communication Market: Regional Analysis

Geographically, the global industrial communication market is categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America and Europe dominated the global market due to advanced technological implementation across various industries and automation of processes. The industrial communication market in Asia Pacific with countries involved Japan, South Korea, and China is expected to grow owing to its ever expanding consumer electronic market, which is boosting the use of automation for production. Automotive production hub in Europe is also expected to increase the automation, which in turn fuels growth of the global industrial communication market.

Global Industrial Communication Market: Competitive Players

Key players dominating the global industrial communication market are Schneider Electric SE, Texas Instruments Incorporated, TE Connectivity Ltd., Siemens AG, ABB LTD, and Rockwell Automation, Inc. Other important players include Emerson Electric Company, National Instruments, Infineon Technologies AG, General Electric, and Advantech Industrial Automation Group.

Global Industrial Communication Market: Regional Segment Analysis

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

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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