Industrial Ethernet Market Trend, Share, Growth, Size and Forecast 2030

Industrial Ethernet Market

Industrial Ethernet Market by Protocol Type (Ethernet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, Sercos III, and Others), By Application (Automotive, Electrical and Electronics, Aerospace and Defense, Oil and Gas, Water and Wastewater, Food and Beverages, Pharmaceutical, Engineering/Fabrication, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-915 Published Date: Jul-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 35.6 Billion USD 122.5 Billion 16.5% 2020

Market Overview

The global Industrial Ethernet market accounted for USD 35.6 Billion in 2020 and is expected to reach USD 122.5 Billion by 2028, growing at a CAGR of around 16.5% between 2021 and 2028.      

Industrial Ethernet refers to usage of networking solution for industrial purposes. It uses specialized protocols coupled with the Ethernet to improve determinism as well as to provide real-time data. It offers data from range 10 Mbps to 1Gbps. Schneider Electric SE, Honeywell International, Siemens AG, and Rockwell Automation are some of the key vendors of industrial ethernet across the world. These players across the industrial ethernet market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the industrial ethernet market study.

For instance, in August 2018, Antaira Technologies announced the extension of industrial ethernet range through the launching of IMC-C100-XX series. In another breakthrough that can drive the industrial ethernet industry, on August 8th 2018, Omron released a new NX1 series machine automation controller that can help manufacturers increase their output.

COVID-19 Impact Analysis  

The global Industrial Ethernet market has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production, resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and their's a surge in demand. The market would remain bullish in upcoming year. The significant decrease in the global Industrial Ethernet market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Growth Factors

Advent of innovative technologies such as big data analytics and cloud-based solutions along with its escalated use in data centers is anticipated to impel the industrial ethernet market growth in the ensuing years. Apart from this, growing implementation of industrial internet of things technology across myriad sectors has further fuelled the business scope. Furthermore, surging acceptance of advanced industrial ethernet protocols in smart firms is anticipated to support the expansion of industrial ethernet market in the forthcoming years. Reportedly, industrial ethernet finds massive application across automotive, oil & gas, pharmaceutical, electrical & electronics, and aerospace & defense sectors.

Low determinism witnessed across ethernet communication networks, however, is predicted to inhibit the evolution of industrial ethernet market in the near future. Nevertheless, untapped market potential of emerging nations along with rise in the ethernet usage across the globe will catapult the business expansion in the next few years, thereby normalizing the impact of hindrances on the industrial ethernet market, reports the industrial ethernet market study.  

Report Scope: 

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Segment Analysis Preview

Automotive, electrical and electronics, aerospace and defense, oil and gas, water and wastewater, food and beverages, pharmaceutical, engineering/fabrication, and others are the key application segment of the global industrial Ethernet market. The Automotive application segment dominated the market in terms of revenue due to the rising need for advanced automation in automobile manufacturing hubs across the globe. The aerospace and defense segment is likely to have a significant growth within the forecast period and is projected as the fastest growing segment.

Regional Analysis Preview

Regionally, Asia Pacific has been leading the worldwide industrial ethernet market in 2020 and is anticipated to continue on the dominant position in the years to come, states the industrial ethernet market study. Immense popularity of industrial ethernet across consumer electronics as well as automotive sectors in countries such as China, South Korea, Japan, and India is the main factor behind the dominance of the Asia Pacific industrial ethernet market.

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Key Market Players & Competitive Landscape

Some of the major players of the global industrial Ethernet market include Beckoff Automation, Cisco Systems, Inc, Rockwell Automation, Schneider Electric, Siemens AG, ABB Ltd., B&R Automation, Belden Inc., Bosch Rexroth, ACS Motion Control, Innovasic, Inc., GE, Honeywell International, Omron, and Eaton among others.

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The global Industrial Ethernet Market is segmented as follows:

By Protocol Types

  • Ethernet/IP
  • PROFINET
  • EtherCAT
  • Modbus TCP
  • POWERLINK
  • Sercos III
  • CC-Link IE

By Applications

  • Automotive
  • Electrical and Electronics
  • Aerospace and Defense
  • Oil and Gas
  • Water and Wastewater
  • Food and Beverages
  • Pharmaceutical
  • Engineering/Fabrication
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Industrial Ethernet Market was valued at USD 35.6 billion in 2020.

The global Industrial Ethernet Market is expected to reach USD 122.5 billion by 2028, growing at a CAGR of 16.5% between 2021 to 2028.

Some of the key factors driving the global Industrial Ethernet Market growth is growing aging population and prevalence of target diseases such as diabetic retinopathy and chronic diseases.

North America is expected to remain the dominant region over the forecast period. Europe was a second largest market for industrial Ethernet in 2020.

Some of the major players of global Industrial Ethernet market Beckoff Automation., Medtronic Inc, Boston Scientific Corporation, Arrow International, Theragenics, Varian Medical Systems, Allergan Inc, Merck, Bayer Healthcare, Abbott laboratories among others.

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