Industrial Communication - Global Strategic Business Report

The global market for Industrial Communication is estimated at US$23.3 Billion in 2023 and is projected to reach US$34.1 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the industrial communication market is driven by several factors. The increasing adoption of automation and digitalization in manufacturing and process industries is a primary driver, necessitating robust and reliable communication networks. Technological advancements in communication protocols and cybersecurity are enhancing the functionality and security of industrial networks. The rise of IoT and Industry 4.0 is boosting demand for interconnected devices and systems, further driving the need for advanced industrial communication solutions.

Additionally, government initiatives and investments in smart infrastructure and manufacturing are supporting market growth. The growing focus on operational efficiency, predictive maintenance, and real-time data analytics is also contributing to the expansion of the industrial communication market. These factors collectively ensure the sustained growth and innovation in the industrial communication market.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Industrial Communication Hardware segment, which is expected to reach US$17.0 Billion by 2030 with a CAGR of a 5.1%. The Industrial Communication Software segment is also set to grow at 5.7% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, estimated at $3.5 Billion in 2023, and China, forecasted to grow at an impressive 7.0% CAGR to reach $7.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Industrial Communication Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Communication Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Industrial Communication Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as AAEON Technology Inc., Advantech Co. Ltd., Beckhoff Automation GmbH and Co. KG, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 112 Featured):

AAEON Technology Inc.
Advantech Co. Ltd.
Beckhoff Automation GmbH and Co. KG
Belden Inc.
Bosch Rexroth AG
Cisco Systems, Inc.
Eaton
Emerson Electric Co.
Ericsson
General Electric Company
Hans Turck GmbH & Co. KG
Hitachi, Ltd.
HMS Industrial Networks AB
Huawei Technologies Co., Ltd.
IFM electronic GmbH
Molex, LLC
Moxa Inc.
National Instruments Corp.
OMRON Corporation
Rockwell Automation, Inc.
Schneider Electric SE
SICK AG
Siemens AG

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Competitive Scenario
Industrial Communication - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
Select Innovations
An Introduction to Industrial Communications
Network Interconnection Technology
Higher Bandwidth, Easier Configurations and More Secure Environment: A Prelude to Industrial Communications
Global Market Prospects & Outlook
Key Market Trends and Growth Drivers
Analysis by Protocol
World Industrial Communication Market by Protocol (2023 & 2030): Percentage Breakdown of Revenues for Industrial Ethernet, Fieldbus, and Wireless
Analysis by Vertical
World Industrial Communication Market by Vertical (2023 & 2030): Percentage Breakdown of Revenues for Automotive, Electrical & Electronics, Aerospace & Defense, Oil & Gas, Energy & Power, Food & Beverage, Pharmaceuticals & Medical Devices, and Other Verticals
Regional Analysis
World Industrial Communication Market by Region: Percentage Breakdown of Revenues for Developed and Developing Regions (2023 & 2030)
World Industrial Communication Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: China, Asia-Pacific, Middle East, Latin America, Africa, Europe, USA, Canada, and Japan
Evolution of Industrial Communication in North America: A Brief Note
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Industrial Network Connectivity Important for Manufacturing Sector
Increasing Role of Artificial Intelligence in Industrial Sector Drives Opportunities for the Market
Global Market for AI in Manufacturing (In US$ Million) for the Years 2018, 2022 and 2024
Current Trends in Industrial Automation & Industry 4.0 Favor Uptake of Industrial Communications
Increased Spending on Industrial Automation Sets the Stage for Rapid Proliferation of Industrial Robots on Plant Floors: Global Industrial Automation Market (in US$ Billion) for the Years 2023, 2025, 2027. 2029 and 2032
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
Real-Time Communication: A Critical Requirement of Industrial Ethernet Protocol
Development of SoC for Industrial Multiprotocol Communication Supports Market Growth
Growing Adoption of IIoT Technology Propels Market Growth
Advent of Digital Technologies Streamlines Process Associated with Accessing and Sharing Critical Business Information
Demand for Industrial Internet of Things Exhibits a Robust Increase
Growing IoT Adoption and Increasing Prominence of IoT Gateways Spurs Market Opportunities
Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
5G and IoT Aid Advancement of Industrial Communication
Rapid Penetration of 5G Is Poised to Unveil a New Era of Performance Improvements for Industrial Communication: Global 5G Subscription (In Million) for Years 2023, 2025, 2027 and 2029
Encouraging Outlook for Automobile Production Despite Disruptions, Bodes Well for the Growth of Industrial Communication Market
Global Light Vehicle Production (In Million Units) for Years 2019 through 2025P
Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
Automated Systems and Industrial Communications Gain Traction in Electrical & Electronics Production Units
Encouraging Recovery of the Aerospace Industry to Spur Opportunities in Industrial Communications
Global Commercial Airline Revenues (in US$ Billion) for the Years 2010. 2015, 2020, and 2025
Commercial Aircraft Orders & Deliveries for Airbus for the Year 2022 Vs. 2021 (In Units)
New Route Expansion Signals a Good Return to Business & a Strong Business Case for New Aircraft Orders & Deliveries: Number of New Aircraft Demanded (In Units) as a Result of New Air Route Expansion by 2041
Use of Digital Technologies in Oil and Gas Sector Witnesses a Surge
Rise in Oil & Gas Drilling and Exploration Activity to Benefit Industrial Communication Market
World Average Rig Count: 2015 - 2023
Global Daily Crude Oil Demand in Million Barrels for the Years 2018 through 2023
Demand in Sync with Oil and Gas Industry Fortunes
Global Upstream CAPEX by Oil Producers (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
Demand for Natural Gas on the Rise, Bodes Well for Industrial Communication Market
Global Natural Gas Production (In Billion Cubic Meter (BCM)) for Years 2018 Through 2022
Increasing Demand for Continuous Power Supply Worldwide Fuels Demand for Industrial Communication
Projected Global Demand for Electricity (MWh): 2015, 2025 & 2035
Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
Change in Gross Electricity Demand in TWh for 2017-2050
Growing Demand for Processed Foods Makes the Food & Beverage Sector a Major Vertical for Industrial Communications
Higher Consumption & Production of Processed Foods Translates into Increased Investments in Communications in Industrial Plant Setup: Global Opportunity for Packaged Foods & Food Processing Equipment (In Us$ Billion) for Years 2022, 2024, 2026 and 2028
Key Market Challenge of Industrial Communication

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 2: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 3: World 14-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 5: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 6: World 14-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 7: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 8: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 9: World 14-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 10: World Recent Past, Current & Future Analysis for Industrial Ethernet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 11: World Historic Review for Industrial Ethernet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 12: World 14-Year Perspective for Industrial Ethernet by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 13: World Recent Past, Current & Future Analysis for Fieldbus by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 14: World Historic Review for Fieldbus by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 15: World 14-Year Perspective for Fieldbus by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 16: World Recent Past, Current & Future Analysis for Wireless by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 17: World Historic Review for Wireless by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 18: World 14-Year Perspective for Wireless by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 19: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 20: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 21: World 14-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 22: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 23: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 24: World 14-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 25: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 26: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 27: World 14-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 28: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 29: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 30: World 14-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 31: World Recent Past, Current & Future Analysis for Energy & Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 32: World Historic Review for Energy & Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 33: World 14-Year Perspective for Energy & Power by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 34: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 35: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 36: World 14-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 37: World Recent Past, Current & Future Analysis for Pharmaceuticals & Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 38: World Historic Review for Pharmaceuticals & Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 39: World 14-Year Perspective for Pharmaceuticals & Medical Devices by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 40: World Recent Past, Current & Future Analysis for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 41: World Historic Review for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 42: World 14-Year Perspective for Other Verticals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
TABLE 43: World Industrial Communication Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030
TABLE 44: World Recent Past, Current & Future Analysis for Industrial Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 45: World Historic Review for Industrial Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
TABLE 46: World 14-Year Perspective for Industrial Communication by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADA

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)

JAPAN

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)

CHINA

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)

EUROPE

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICA

MIDDLE EAST

Industrial Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)

AFRICAIV. COMPETITION

Companies Mentioned

AAEON Technology Inc.
Advantech Co. Ltd.
Beckhoff Automation GmbH and Co. KG
Belden Inc.
Bosch Rexroth AG
Cisco Systems, Inc.
Eaton
Emerson Electric Co.
Ericsson
General Electric Company
Hans Turck GmbH & Co. KG
Hitachi, Ltd.
HMS Industrial Networks AB
Huawei Technologies Co., Ltd.
IFM electronic GmbH
Molex, LLC
Moxa Inc.
National Instruments Corp.
OMRON Corporation
Rockwell Automation, Inc.
Schneider Electric SE
SICK AG
Siemens AG

Table Information

Report Attribute	Details
No. of Pages	671
Published	November 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 23.3 Billion
Forecasted Market Value ( USD ) by 2030	$ 34.1 Billion
Compound Annual Growth Rate	5.6%
Regions Covered	Global
No. of Companies Mentioned	23

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 112 Featured):

Table of Contents

Companies Mentioned

Table Information

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