Global Industrial Ethernet Market Size By Protocol (POWERLINK, MODBUS-TCP), By Application (Fabrication, Automotive), By Geographic Scope And Forecast
Report ID: 338561|No. of Pages: 202
Global Industrial Ethernet Market Size By Protocol (POWERLINK, MODBUS-TCP), By Application (Fabrication, Automotive), By Geographic Scope And Forecast
Industrial Ethernet Market Size And Forecast
Industrial Ethernet Market size was valued at USD 28 Billion in 2022 and is projected to reach USD 53 Billion by 2030, growing at a CAGR of 15 % from 2023 to 2030.
Industrial Ethernet has several advantages over other types of artificial networks, including increased data speed of over to 2 Gbit/ s with Gigabit Ethernet, the capability to use standard networking tackle for wired and wireless communication, bettered interoperability, and the option to use optic fiber for increased distance, among other benefits. The Global Industrial Ethernet Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Industrial Ethernet Market Definition
Ethernet is an Original Area Network technology that connects network bias via Ethernet switches and routers. Industrial Ethernet is a farther development of Ethernet and is a bit more complicated. This technology applies Ethernet capacities to robotization and control systems used in artificial manufacturing. It has lately surpassed traditional Fieldbus infrastructures to come the foremost connection protocol in manufactories around the world. Industrial Ethernet is also relatable to the use of standard Ethernet protocols with rugged connectors as well as extended temperature switches in an artificial terrain, for robotization or process control.
Factors used in factory process areas must be designed to work in harsh surroundings of temperature axes, moisture, and vibration that exceed the ranges for information technology outfit intended for installation in controlled surroundings. The use of fiber- optical Ethernet variants reduce the problems of electrical noise and provides electrical insulation. Some artificial networks emphasized deterministic delivery of transmitted data, whereas Ethernet used collision discovery which made transport time for individual data packets delicate to estimate with adding network business. Generally, artificial uses of Ethernet employ full- duplex norms and other styles so that collisions don’t unacceptably impact transmission times.
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Global Industrial Ethernet Market Overview
Adding enterprise by governments of developing countries to promote relinquishment of artificial robotization the governments of developing countries worldwide are supporting the development of colorful diligence to achieve holistic growth. This has led to an increase in the relinquishment of colorful robotization and communication factors and technologies for the structural development of diligence. Governments are largely concentrated on the process and separate diligence. For case, the Government of Singapore has partnered with colorful associations, similar as the Singapore Food Manufacturing Association and the Food Innovation Resource Centre, to apply the rearmost robotization results, including SCADA, PLC, DCS, robots, and lines, in the food & libation assiduity. India is one of the arising countries with a fast- growing manufacturing sector.
The expression of the National Manufacturing Policy by the central government has increased the development of its manufacturing sector. The government has also launched the Make in India policy to encourage companies to apply robotization processes in their manufacturing shops. Therefore, the measures taken by the governments to support the relinquishment of artificial control and plant robotization are anticipated to fuel the growth of the request during the cast period. Absence of standardization in artificial communication protocols and interfaces artificial outfit or bias communicate through colorful interfaces, technologies, and protocols.
The absence of standardization in these communication interfaces and protocols might affect in the misrepresentation of data. It also can complicate the integration of systems and hamper the use of draw- and- play features for unconnected systems. This is one of the major conditions for the artificial ethernet request in coming times. Harsh field point conditions-high- voltage transients, severe shocks and climate, and extremely high temperatures. Industrial Ethernet bias are stationed in remote field locales which are prone to the goods of inimical and harsh conditions.
Global Industrial Ethernet Market Segmentation Analysis
The Global Industrial Ethernet Market is segmented based on Technology, Application, and Geography.
Industrial Ethernet Market, By Protocol
- POWERLINK
- MODBUS-TCP
Based on Protocol, the market is segmented into POWERLINK, MODBUS-TCP, etc. The MODBUS-TCP segment held the largest market share due to rising increase in usage of cloud-based administrator.
Industrial Ethernet Market, By Application
- Fabrication
- Automotive
Based on Application, the market is segmented into Fabrication, Automotive, etc. Fabrication is seemingly increasing its usage of Industrial Ethernet for different applications.
Industrial Ethernet Market By Geography
- North America
- Europe
- The Asia Pacific
- Rest of the world
Based on regional analysis, the Global Industrial Ethernet Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Out of all the regions Asia Pacific dominates the global Industrial Ethernet market due to the market competition in the region.
Key Players
The global Industrial Ethernet market is fragmented with several key players such as Rockwell Automation, Huawei Technologies Co. Ltd., Cisco Systems Inc., ABB Ltd., ACS Motion Control, IFM Electronics GmbH, Eaton Corporation, General Electric, Analog Devices, and others.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- In April 2020: Westermo Network Technologies, a Sweden- grounded developer, and manufacturer of artificial data dispatches products, launched a coming- generation artificial ethernet switch platform. This recently developed and advanced ethernet switch platform is suited for handling big data and artificial internet of effects operations. The platform uses rearmost generation WeOS operating system that powers the new switch platform by maximizing the capability of the new tackle. It combines tackle, software, and network design support to give bettered capabilities, lower the total cost of power, and produce reliable networks across a broader range of sectors.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Industrial Ethernet Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the global Industrial Ethernet Market, gauge the attractiveness of a certain sector, and assess investment possibilities
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2019-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Period | 2019-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Rockwell Automation, Huawei Technologies Co. Ltd., Cisco Systems Inc., ABB Ltd., ACS Motion Control, IFM Electronics GmbH, Eaton Corporation, General Electric, Analog Devices. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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