Industrial Ethernet Market Size, Share, Revenue Forecast 2032

Industrial Ethernet Market Insights

According to a report from Zion Market Research, the global Industrial Ethernet Market was valued at USD 9.27 Billion in 2023 and is projected to hit USD 21.42 Billion by 2032, with a compound annual growth rate (CAGR) of 9.75% during the forecast period 2024-2032.

This report explores market strengths, weaknesses, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and future prospects that may emerge in the Industrial Ethernet Market industry over the next decade.

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Industrial Ethernet Market: Overview

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.

Industrial Ethernet Market: Dynamics

The 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, the growing implementation of industrial Internet of Things technology across myriad sectors has further fuelled the business scope. Furthermore, the surging acceptance of advanced industrial ethernet protocols in smart firms is anticipated to support the expansion of the 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 the industrial ethernet market in the near future. Nevertheless, the untapped market potential of emerging nations along with rise in the ethernet usage across the globe will catapult business expansion in the next few years, thereby normalizing the impact of hindrances on the industrial ethernet market, reports the industrial ethernet market study.  

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Industrial Ethernet Market: Report Scope

Industrial Ethernet Market: Segmentation Analysis

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 segments 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 significant growth within the forecast period and is projected as the fastest-growing segment.

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Industrial Ethernet Market: Regional Analysis

Regionally, Asia Pacific has been leading the worldwide industrial ethernet market in 2023 and is anticipated to continue on the dominant position in the years to come, states the industrial ethernet market study. The 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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Industrial Ethernet Market: Competitive Analysis

Some of the major players in the global Industrial Ethernet market include:

• Beckhoff 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
• Eaton

The global Industrial Ethernet Market is segmented as follows:

By Protocol Types

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

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