Market Analysis and Insights: Global Industrial Communication Market
Industrial communication protocols such as Ethernet are widely used in office networks for data transfers. In the recent times, communication protocols are used in factory floors to meet communication needs of industrial applications. The industrial plant's environment is harsh with extreme temperature conditions, humidity, and vibration. Industrial-based devices are designed to be rugged to withstand such extreme conditions and function effectively.
The global Industrial Communication market size is projected to reach US$ 141120 million by 2028, from US$ 77730 million in 2021, at a CAGR of 8.4% during 2022-2028.
Among all the communication protocols, the market for wireless communication is expected to grow at the highest rate during the forecast period. The number of wireless connections in industrial applications has increased considerably over the past few years as a result of improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies especially in WHART, cellular, and WLAN technologies are helping various companies to remotely monitor their assets from anywhere in the world.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Industrial Communication market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Industrial Communication market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Industrial Communication market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Industrial Communication market.
Global Industrial Communication Scope and Market Size
Industrial Communication market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Industrial Communication market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Fieldbus
Industrial Ethernet
Wireless
Segment by Application
Automotive & Transportation
Electrical and Electronics
Aerospace & Defense
Oil & Gas
Food & Beverages
Pharmaceutical
Energy and Power Generation
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
ABB
Rockwell Automation
Schneider Electric
Siemens
Advantech
Beckhoff Automation
Cisco Systems
Emerson Electric
Endress+Hauser
General Electric
Infineon Technologies
National Instruments
TE Connectivity
Texas Instruments