Industrial Network Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

Report Code: AIR 0368 Report Format: PDF + Excel

Industrial Network Market Overview

Industrial Network Market is expected to reach $55.4 billion by 2030 at a CAGR of 10.5% during the forecast period 2024-2030. The rising adoption of connected factory and the machine to machine communication will significantly boost the industrial network market and is estimated to gain a huge demand. With the increase in adoption of asset tracking and supply chain management using industrial internet of things (IIoT) in the facilities will be driving the market.

The industrial network are designed to fulfill the real time needs of large number of systems. The increase in number of unmanned machinery in the facilities has also given a massive boots to the industrial network market. The necessity to efficiently manage the security, vulnerability, and the performance is another factor in increasing the market growth during the forecast period of 2023-2030. 

Report Coverage

The report: “Industrial Network Market– Forecast (2024-2030)”, by Industry ARC covers an in-depth analysis of the following segments of the Industrial Network market.
 
                                                     
 
By Category – Ethernet Network (Ethernet/IP, Profinet, EtherCAT, Modbus TCP, Powerlink and Others), Wireless Network (WLAN, Bluetooth and Others), Fieldbus Network (Profibus, Modbus RTU, CC-Link and Others).
By Product Type – Controller, Coupler, Remote Terminals, Code Readers, Routers and Switches, Other.
By End User – Automotive, Logistics and Transportation, Aerospace and Defense, Electronics & Semiconductor, Medical & Healthcare, Oil and Gas, Food & Beverage, Power, Water and Waste Water Treatment, Chemical, Pharmaceutical, Other.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea and Others), South America(Brazil, Argentina and others), and RoW (Middle east and Africa).

Key Takeaways

  • The rising adoption of connected factory and the machine to machine communication will significantly boost the industrial network market and is estimated to gain a huge demand. With the increase in adoption of industrial internet of things (IIoT) in the facilities will be driving the market.
  • The supplier ecosystem worked with the automakers to develop and commercialize the technology for the benefit of the industry. The automotive industry has strengthened its foundation with the use of SPE servers in the manufacturing process, and controls system industries.
  • APAC being an industrial hub of many several industries such as electronics, automotive and electrical has the largest market growth.

                                                                   Global Industrial Network Market Value, 2023-2030 ($M)

                                      
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Industrial Network Market Segment Analysis –By Category

In the category segment the Ethernet network has the largest market at 67% in 2022, since it is being used and all the wired connection are done while the facilities are setup so the network type has still managed to hold a huge amount of share in the market. In the era of digitization the wireless network has the fastest market growth with the penetration of Industry 4.0 and rising adoption of Industrial Internet of Things. For instance ORBCOMM an American that offers industrial Internet of things and machine to machine communications hardware has lunched dual mode industrial IoT for better way to effectively track and connected assets.

Industrial Network Market Segment Analysis –By End User

The supplier ecosystem worked with the automakers to develop and commercialize the technology for the benefit of the industry. The automotive industry’s success with SPE serves to strengthen its foundation for use in manufacturing, process, and controls system industries. Similarly, these industries are embracing the technology to achieve a single converged network cloud to device and displace the prevalent legacy systems.

Industrial Network Market Segment Analysis – By Geography

APAC being an industrial hub of many several industries such as electronics, automotive and electrical has the largest market growth. In APAC countries like India, China and South Korea are the largest manufactures of electronics like smartphones laptops televisions. With the implementation of Industry 4.0 and 5G North America is a fast growing market region for the industrial network market during the forecast period of 2023-2030 at 9.6%.

Industrial Network Market Drivers

Growing demand to improve the network infrastructure

With growing technology evolution, the adoption of sensor-based industrial devices including industrial internet of things (IIOT) across industries has increased drastically. The industrial network comprises of different components like routers switches connection devices. These components offer higher speed and has an ability of connecting more nodes across the network.

Migration shift towards Adaptation of wireless technologies in the facilities

Wireless technologies have posted impressive growth rates of 23% or more in each of the past three years, although they still represent a relatively small portion of the overall market of newly installed nodes. The development of wireless technologies and the easy availability of the equipment are some major factors that will be boosting the market. This facilitates efficient networking of different application areas such as production and office. These extensive functional capabilities are boosting the growing market demand for industrial network.

Industrial Network Market Challenges

Security concerns on cloud

Data security and data migration are the main challenges in hampering market growth. The detection of the loopholes and handling them before the data breach occur is another major challenge. With the rapid growth of industrial network nodes deployed at the field level, possible sensitive/confidential information will need to be protected with network-level authentication, such as with VPN (a virtual private network) and firewalls, to prevent unauthorized access to a network. The lack of standardization in the communicating interface may results in misreading and can cause data loss and loss in other type of data loss related to the facility.

Industrial Network Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the industrial network market. The offshore wind energy market is dominated by major companies such Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Belden Incorporated, Eaton Corporation Inc., and Aruba Networks.

Acquisitions/Technology Launches/Partnerships

  • In April 2020, ZTE Corporation deployed the core router single servers and network clusters for China Telecom in Jinzhou, Liaoning province, and Ganzhou, Jiangxi province, despite the trouble in transportation, supplies, and dispatching brought by the COVID -19 outbreak.
  • In April 2020, Cisco announced the intent to acquire privately-held Fluid mesh Networks, a provider wireless backhaul system.

 

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1. Industrial Network Market Overview
    1.1 Definitions and Scope
2. Industrial Network Market - Executive Summary
    2.2 Key trends By End Use Industry
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.3 Key trends segmented by Geography
3. Industrial Network Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Industrial Network Market – Industry Market Entry Scenario Premium
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Industrial Network Market – Startup Company Scenario  
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Industrial Network Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Industrial Network Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Industrial Network Market – By End Use Industry (Market Size -$Million/Billion)
    8.1 Agriculture
    8.2 Logistics and Transportation
    8.3 Healthcare
    8.4 General Manufacturing
    8.5 Utilities
    8.6 Consumer Electronics
    8.7 Aerospace and Defense
    8.8 Chemicals
    8.9 Food and Beverage
    8.10 Oil and Gas
    8.11 Education
    8.12 Pharmaceutical
    8.13 Retail and E-Commerce
    8.14 Power and Energy
    8.15 Government and Public Sector
    8.16 Others
9. Industrial Network Market – By Product (Market Size -$Million/Billion)
    9.1 Controller
    9.2 Coupler
    9.3 Remote Terminals
    9.4 Code Readers
    9.5 Routers and Switches
    9.6 Services
10. Industrial Network Market – By Category (Market Size -$Million/Billion)
    10.1 Ethernet
        10.1.1 Ethernet/IP
        10.1.2 Powerlink
        10.1.3 EtherCAT
        10.1.4 Profinet
        10.1.5 Modbus TCP
        10.1.6 Others
    10.2 Wireless
        10.2.1 WLAN
        10.2.2 Bluetooth
        10.2.3 Others
    10.3 Fieldbus
        10.3.1 Modbus RTU
        10.3.2 Profibus
        10.3.3 CC-Link
        10.3.4 Others
11. Industrial Network Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Netherlands
        11.2.8 Others
    11.3 APAC
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia
        11.3.6 Indonesia
        11.3.7 Malaysia
        11.3.8 Others
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Others
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Industrial Network Market - Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Industrial Network Market – Industry Competitive Landscape  
    13.1 Market Share – Global
    13.2 Market Share by Region
    13.3 Market Share By Category
14. Industrial Network Market – Key Company List by Country Premium
15. Industrial Network Market - Company Analysis
    15.1 Huawei Technologies Co. Ltd.
    15.2 Cisco System Inc.
    15.3 Belden Inc.
    15.4 Moxa Inc.
    15.5 Rockwell Automation Inc.
    15.6 Juniper Networks Inc.
    15.7 Sierra Wireless
    15.8 Belden Incorporated
    15.9 Eaton Corporation Inc.
    15.10 Aruba Networks.
 
 

Industrial Network Market is forecast to grow at 10.5% CAGR during the forecast period 2023-2030.

Industrial Network Market size is estimated to reach $55.4 billion by 2030

Top Companies in the Industrial Network Market are Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Belden Incorporated, Eaton Corporation Inc.