Industrial Ethernet Market Size & Trends
The global industrial ethernet market size was estimated at USD 11.43 billion in 2023 and is projected to expand at a CAGR of 7.9% from 2024 to 2030. The market is experiencing significant growth, driven by the increasing demand for robust and reliable networking solutions in industrial settings. As manufacturing processes become more automated and interconnected, the need for high-speed, low-latency communication networks has intensified. Industrial Ethernet provides a scalable and flexible infrastructure that supports real-time data exchange and integration with advanced technologies such as IoT and Industry 4.0. This evolution is fueled by the rise of smart factories, where seamless data flow between machines and control systems is crucial.
The shift from traditional fieldbus systems to Ethernet-based networks is also contributing to the market expansion, as Ethernet offers superior bandwidth and network management capabilities. Furthermore, the growing emphasis on predictive maintenance and data analytics in industrial operations is pushing companies to invest in Ethernet solutions that can handle large volumes of data. As a result, the market is poised for robust growth, with increasing adoption across various sectors.
The market is also gaining traction in industries such as energy, transportation, and utilities. These sectors require reliable and secure communication networks to manage complex operations and ensure safety. For instance, in the energy sector, Ethernet networks are used to monitor and control power grids, enabling real-time data acquisition and response to system anomalies. Similarly, in transportation, Ethernet solutions facilitate the management of traffic control systems and support advanced applications like vehicle-to-everything (V2X) communication.
The expansion of smart grid technologies and the push towards sustainable energy solutions are further driving demand for industrial Ethernet. Moreover, as more industries adopt digital transformation strategies, the need for standardized and interoperable network solutions becomes more critical. This trend is creating new opportunities for Ethernet vendors to develop innovative solutions customized to diverse industrial applications.
The increasing need for cybersecurity in industrial networks is also propelling the market. With the rise in cyber threats targeting critical infrastructure, companies are prioritizing secure communication protocols and robust network architectures. Industrial Ethernet solutions are being enhanced with advanced security features such as encryption, intrusion detection, and secure access controls. This focus on cybersecurity is critical as industrial systems become more interconnected, increasing the potential attack surface.
The adoption of secure Ethernet solutions helps protect sensitive data and ensures the integrity and availability of industrial processes. Regulatory compliance and industry standards, such as the IEC 62443 series of standards for industrial cybersecurity, are further driving the adoption of secure Ethernet networks. As companies strive to safeguard their operations against cyber threats, the demand for secure industrial Ethernet solutions is expected to grow significantly.
Global Industrial Ethernet Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial Ethernet market report based on type, protocol, end us,e and region.- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Software
- Services
- Protocol Outlook (Revenue, USD Million, 2018 - 2030)
- EtherCAT
- EtherNet/IP
- PROFINET
- POWERLINK
- SERCOS III
- CC-Link IE
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive & Transportation
- Oil and Gas
- Energy & Power
- Food & Beverages
- Chemical & Fertilizer
- Electrical & Electronics
- Aerospace & Defense
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- KSA
- UAE
- South Africa
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Industrial Ethernet market Variables, Trends, & Scope
Chapter 4. Industrial Ethernet market: Type Estimates & Trend Analysis
Chapter 5. Industrial Ethernet market: Protocol Estimates & Trend Analysis
Chapter 6. Industrial Ethernet market: End Use Estimates & Trend Analysis
Chapter 7. Industrial Ethernet market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Cisco Systems, Inc.
- Siemens
- Rockwell Automation
- OMRON Corporation
- Moxa Inc.
- Phoenix Contact
- Belden Inc.
- ABB
- Schneider Electric
- Bosch Rexroth AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.43 Billion |
| Forecasted Market Value ( USD | $ 19.41 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
