The market for industrial communication is expected to grow at a CAGR of around 12.0% from 2020 to 2027 and expected to reach the market value of around US$ 211.4 Bn by 2027.
Industrial Communication refers to the network which is adopted in factory automation, manufacturing, and process control particularly to implement data exchange between controllers, sensors, actuators, input/output devices, and industrial equipment in general. The communications between devices in the industry are carried out through the use of different industrial communications protocols.
Market Dynamics
The technological advancement in the industrial sector across the major economies is primarily accelerating the market value. The growing need for faster, scalable, reliable, and interoperable communication protocols in the industry sector is propelling market growth. The rising industrial revolution 4.0 and increasing machine-to-machine communication is supporting the market value. The rapid government initiatives to support industrial automation especially in developed and some developing economies are further bolstering the market growth. Furthermore, the growing adoption of the Industrial Internet of Things (IIoT) and rising demand for wireless networks across the industrial sector is projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other side, lack of standardization among equipment manufacturers and data safety & security issues are projected to hamper the growth over the estimated period from 2020 to 2027.
Hardware segment has registered dominating share in the Industrial Communication Market
By component, the hardware is leading the market with maximum revenue share (%) and also projected to maintain its dominance over the estimated period. The hardware components include switches, hubs, routers, & gateways, connectors, communication interfaces, power supply devices, controllers and processors, memory, isolators & convertors, and others. The proper supporting hardware is needed to connect with the advanced software for effective communication across the industry vertical is contributing to the segmental market growth. In turn, the age-old presence of hardware components in the market is supporting the segmental market value in the industrial communication market. The development of new and advanced hardware components by the manufacturers to support the digital infrastructure more efficiently is also propelling the segmental market value.
Asia Pacific accounted for the maximum share (%) in Industrial Communication Market
In 2019, Asia Pacific has registered major revenue share (%) in the industrial communication market and the region is further projected to maintain its dominance over the estimated period. The ongoing industrialization in emerging economies of the region including China and India are majorly contributing to the regional market value. The technological advancement in the industrial sector of the region is additionally propelling the regional market value. The emerging industry 4.0 concept is supporting the effective working and industrial development of the region. The increasing investment by major regional players for the development of advanced solutions is bolstering the regional market value.
The players profiled in the report include ABB LTD. (Switzerland), Advantech Co., Ltd. (Taiwan), Belden Inc. (US), Cisco Systems, Inc. (US), HMS Industrial Networks (Sweden), IFM electronic Gmbh (Germany), Moxa Inc. (US), OMRON Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric SE (France), and Siemens AG (Germany). The major industrial communication players were involved in strategic developments for escalating the profit share in regional as well as global market. The major investments were announced for the technological advancements associated with the changing consumer demand for industrial communication.
Market Segmentation
Market By Component
Hardware
Software
Services
Market By Protocol
Fieldbus
Industrial Ethernet
Wireless
Market By Application
Transportation
Oil and Gas
Aerospace and Defense
Utilities
Healthcare and Medical
Food and Beverages
Manufacturing
Others
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Industrial Communications
1.1. Definition and Scope
1.1.1. Definition of Industrial Communications
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Industrial Communications Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Industrial Communications Market By Component
1.2.3. Industrial Communications Market By Protocol
1.2.4. Industrial Communications Market By Application
1.2.5. Industrial Communications Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Application Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Industrial Communications Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Industrial Communications Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Industry Source of Industrial Communications Major Manufacturers in 2019
CHAPTER 5. Industrial Communications Market By Component
5.1. Introduction
5.2. Industrial Communications Revenue By Component
5.2.1. Industrial Communications Revenue (US$ Mn) and Forecast, By Component, 2016-2027
5.3. Hardware
5.4. Software
5.5. Services
CHAPTER 6. Industrial Communications Market Revenue By Protocol
6.1. Introduction
6.2. Industrial Communications Revenue (US$ Mn) By Protocol
6.2.1. Industrial Communications Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
6.3. Fieldbus
6.4. Industrial Ethernet
6.5. Wireless
CHAPTER 7. Industrial Communications Market By Application
7.1. Introduction
7.2. Industrial Communications Revenue (US$ Mn) By Application
7.2.1. Industrial Communications Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.3. Transportation
7.4. Oil and Gas
7.5. Aerospace and Defense
7.6. Utilities
7.7. Healthcare and Medical
7.8. Food and Beverages
7.9. Manufacturing
7.10. Others
CHAPTER 8. North America Industrial Communications Market By Country
8.1. North America Industrial Communications Overview
8.2. U.S.
8.2.1. U.S. Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.2.2. U.S. Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
8.2.3. U.S. Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Canada
8.3.1. Canada Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.3.2. Canada Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
8.3.3. Canada Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Industrial Communications Market By Country
9.1. Europe Industrial Communications Market Overview
9.2. U.K.
9.2.1. U.K. Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.2.2. U.K. Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
9.2.3. U.K. Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3. Germany
9.3.1. Germany Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.3.2. Germany Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
9.3.3. Germany Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4. France
9.4.1. France Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.4.2. France Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
9.4.3. France Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5. Spain
9.5.1. Spain Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.5.2. Spain Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
9.5.3. Spain Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.6.2. Rest of Europe Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016-2027
9.6.3. Rest of Europe Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Industrial Communications Market By Country
10.1. Asia Pacific Industrial Communications Market Overview
10.2. China
10.2.1. China Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.2.2. China Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
10.2.3. China Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Japan
10.3.1. Japan Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.3.2. Japan Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
10.3.3. Japan Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. India
10.4.1. India Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.4.2. India Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
10.4.3. India Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5. Australia
10.5.1. Australia Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.5.2. Australia Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
10.5.3. Australia Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.6.2. South Korea Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
10.6.3. South Korea Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.7.2. Rest of Asia-Pacific Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
10.7.3. Rest of Asia-Pacific Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Industrial Communications Market By Country
11.1. Latin America Industrial Communications Market Overview
11.2. Brazil
11.2.1. Brazil Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.2.2. Brazil Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
11.2.3. Brazil Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.3.2. Mexico Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
11.3.3. Mexico Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.4.2. Rest of Latin America Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
11.4.3. Rest of Latin America Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 12. Middle East & Africa Industrial Communications Market By Country
12.1. Middle East & Africa Industrial Communications Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.2.2. Saudi Arabia Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
12.2.3. Saudi Arabia Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3. UAE
12.3.1. UAE Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.3.2. UAE Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
12.3.3. UAE Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Industrial Communications Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.4.2. Rest of Middle East & Africa Industrial Communications Market Revenue (US$ Mn) and Forecast By Protocol, 2016 - 2027
12.4.3. Rest of Middle East & Africa Industrial Communications Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 13. Player Analysis Of Industrial Communications
13.1. Industrial Communications Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Industrial Communications Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. ABB LTD.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. PSC Biotech 2019 Industrial Communications Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Advantech Co., Ltd.
14.3. Belden Inc.
14.4. Cisco Systems, Inc.
14.5. HMS Industrial Networks
14.6. IFM electronic Gmbh Moxa Inc.
14.7. OMRON Corporation
14.8. Rockwell Automation, Inc.
14.9. Schneider Electric SE
14.10. Siemens AG
14.11. Others
