[194 Pages Report] The Industrial Ethernet Market size was estimated at USD 12.67 billion in 2023 and expected to reach USD 13.65 billion in 2024, at a CAGR 8.01% to reach USD 21.73 billion by 2030.
Industrial Ethernet is applied to an industrial setting, which often requires more rugged connectors, cables, and better determinism. To achieve better determinism, industrial Ethernet uses specialized protocols in conjunction with Ethernet. As manufacturing firms rapidly adopt the latest Industry 4.0 technologies, industrial Ethernet has gained a significance that offers an invaluable solution to meet their heightened need for real-time monitoring and higher bandwidth data transfer. However, a lack of communication protocol standardization creates challenges that must be overcome before reaching maximum potential, including complexity around network management and maintenance and emerging opportunities such as 5G interconnectivity requirements. Nevertheless, investment into industrial network infrastructure is expected to unlock these solutions to drive further advancement within this space.
Regional Insights
Increasing adoption of automation and connected machines in various industrial sectors across the U.S., UK, Germany, China, and India are fueling the rapid market growth across North America, Europe, and the Asia-Pacific. The U.S. manufacturing sector is vastly investing in industrial automation, which is likely to drive the industrial Ethernet connector demand across the region. Moreover, Europe’s rapid investment in smart factories boosts the region’s demand for industrial Ethernet connectors. Asia-Pacific is currently the largest manufacturing hub for the automobile and electronic companies. To compete with other global players, the market players in Asia-Pacific use advanced automation systems, which require highly reliable communication networks that can help in machine-to-machine (M2M) communication in the plants. Manufacturing companies from China, Japan, and India extensively adopt the smart factory concept for implementing advanced manufacturing technologies on the factory floor. This innovative concept has transformed the Asia-Pacific manufacturing sector and increased the implementation of smart automation in factories.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Industrial Ethernet Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Ethernet Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Industrial Ethernet Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ACS Motion Control Ltd., Amphenol Corporation, Analog Devices, Inc., Applied Optoelectronics, Inc., Beckhoff Automation GmbH & Co. KG, Belden Inc., Bosch Rexroth AG, Broadcom Inc., Ciena Corporation, Cisco Systems, Inc., Cuthbert Stewart Ltd., Eaton Corporation, EFFECT Photonics, Electronic Systems Technology, Inc., Extreme Networks Thailand, Fujitsu Limited, General Electric Company, HARTING Technology Group, Huawei Technologies Co., Ltd., iComTech Inc., IEWC Corp., InnoLight Technology Corporation, Intel Corporation, Monnit Corporation, Moxa Inc., Nexans S.A., Norden Communication, NTT Limited, Nvidia Corporation, OCC Corporation by NEC Corporation, OMRON Corporation, ORing Industrial Networking Corp., Parker Hannifin Corporation, Perle Systems Limited, Prysmian Group, Renesas Electronics Corporation, Rexel Group, Rockwell Automation, Inc., Schneider Electric SE, Shenzhen Scodeno Technology Co., Ltd., SICK AG, Siemens AG, Smartoptics Group AS, Smiths Interconnect, Inc., STMicroelectronics International N.V., TE Connectivity Ltd., Teledyne Technologies Incorporated, Utek Technology (Shenzhen) Co., Ltd., and Yokogawa Electric Corporation.
Market Segmentation & Coverage
This research report categorizes the Industrial Ethernet Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offering
- Hardware
- Communication Interfaces & Converters
- Controllers & Connectors
- Gateways
- Power Supply Devices
- Routers
- Switches
- Services
- Software
- Hardware
- Type
- Managed
- Unmanaged
- Enterprise Size
- Large Scale Enterprise
- Medium Scale Enterprise
- Small Scale Enterprise
- Industry Vertical
- Aerospace & Defense
- Automotive
- Electric & Power
- Manufacturing
- Oil & Gas
- Transportation
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Industrial Ethernet Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Ethernet Market?
- What are the technology trends and regulatory frameworks in the Industrial Ethernet Market?
- What is the market share of the leading vendors in the Industrial Ethernet Market?
- Which modes and strategic moves are suitable for entering the Industrial Ethernet Market?
US $
Euro €
GBP £