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Industrial Communications Market: By Application, By End-User, and Region Forecast 2019-2030
Industrial Communications Market: By Application, By End-User, and Region Forecast 2019-2030
Industrial Communications Market size was valued at US$ 312.9 million in 2023 and is poised to grow at a CAGR of 3.2% from 2024-2030. Industrial communication is the key to increased efficiency in every business since it allows the organization to operate machines and the whole production line, monitor current traffic systems, and control power distribution. The industrial area communication segment is anticipated to grow at a significant CAGR over the forecast years owing to the significant rise in demand for wireless technologies such as Bluetooth Smart, Wireless HART, WLAN, and Zigbee is creating new development potential in the industrial communication industry, primarily in the oil and gas chemicals, electronics, and energy and power generating industries.
Moreover, the other players are focusing on launching new products The EDS-4000/G4000 series includes 68 models to help Moxa’s customers build future-proof industrial networks to strengthen operational resilience in industrial spaces such as power, transportation, maritime, and factory automation. Major factors that are expected to boost the growth of the industrial communication market in the forecast period are the rise in the demand for scalable, faster, reliable, and interoperable communication protocols. Furthermore, the growing of utilization of digital twins to safely monitor smart production operations is further anticipated to propel the growth of the industrial communication market.
Study Period
2024-2030Base Year
2023CAGR
3.2%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Industrial Internet of Things connects different infrastructure and reduces operating expenses which helps drive the growth of industrial communication market. The increased bandwidth capabilities of open networks like Ethernet is used in Internet of Things automation and smart factories to streamline maintenance in order to eliminate breakdowns. Also, due to wide adoption of M2M (Machine to Machine) solutions for controlling power grid communications and remote monitoring of smart meters has contributed to the growth of industrial communication market.
The Industrial Communications market in Asia pacific is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to Asia Pacific is presently the most major manufacturing centre for automakers and electronics manufacturers. Companies in Asia Pacific utilise modern automation systems to compete with other global competitors, which necessitate highly dependable communication networks that can aid in machine-to-machine (M2M) communication in factories. Asia Pacific manufacturing firms widely use the smart factory idea to apply sophisticated production technology on the plant floor.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 312.9 million |
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Market CAGR |
3.2% |
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By Application |
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By End User |
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By Region |
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Industrial communications market size was valued at US$ 312.9 million in 2023 and is set to grow at a significant CAGR of 3.2% from 2024-2030.
Cisco (US), Siemens (Germany), Rockwell Automation (US), Omron (Japan), Moxa (Taiwan), Huawei Technologies (China)
Asia Pacific is the fastest-growing region in the market
The self-service segment holds the highest market share.
| 1.Executive Summary |
| 2.Global Industrial Communications Market Introduction |
| 2.1.Global Industrial Communications Market - Taxonomy |
| 2.2.Global Industrial Communications Market - Definitions |
| 2.2.1.Application |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Industrial Communications Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Industrial Communications Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Industrial Communications Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Industrial Area |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Communication |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hazardous Area Communication |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Public Address/General Alarm |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Industrial Communications Market By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Oil & Gas |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Manufacturing |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Pulp & Paper |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Water Treatment |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Power |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Chemical |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Industrial Communications Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Industrial Area |
| 8.1.2.Communication |
| 8.1.3.Hazardous Area Communication |
| 8.1.4.Public Address/General Alarm |
| 8.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Oil & Gas |
| 8.2.2.Manufacturing |
| 8.2.3.Pulp & Paper |
| 8.2.4.Water Treatment |
| 8.2.5.Power |
| 8.2.6.Chemical |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Industrial Area |
| 9.1.2.Communication |
| 9.1.3.Hazardous Area Communication |
| 9.1.4.Public Address/General Alarm |
| 9.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Oil & Gas |
| 9.2.2.Manufacturing |
| 9.2.3.Pulp & Paper |
| 9.2.4.Water Treatment |
| 9.2.5.Power |
| 9.2.6.Chemical |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Industrial Area |
| 10.1.2.Communication |
| 10.1.3.Hazardous Area Communication |
| 10.1.4.Public Address/General Alarm |
| 10.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Oil & Gas |
| 10.2.2.Manufacturing |
| 10.2.3.Pulp & Paper |
| 10.2.4.Water Treatment |
| 10.2.5.Power |
| 10.2.6.Chemical |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Industrial Area |
| 11.1.2.Communication |
| 11.1.3.Hazardous Area Communication |
| 11.1.4.Public Address/General Alarm |
| 11.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Oil & Gas |
| 11.2.2.Manufacturing |
| 11.2.3.Pulp & Paper |
| 11.2.4.Water Treatment |
| 11.2.5.Power |
| 11.2.6.Chemical |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Industrial Area |
| 12.1.2.Communication |
| 12.1.3.Hazardous Area Communication |
| 12.1.4.Public Address/General Alarm |
| 12.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Oil & Gas |
| 12.2.2.Manufacturing |
| 12.2.3.Pulp & Paper |
| 12.2.4.Water Treatment |
| 12.2.5.Power |
| 12.2.6.Chemical |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Cisco |
| 13.2.2.Siemens |
| 13.2.3.Rockwell Automation |
| 13.2.4.Omron |
| 13.2.5.Moxa |
| 13.2.6.Huawei Technologies |
| 13.2.8.Schneider Electric |
| 13.2.9.ABB |
| 13.2.10.Belden |
| 13.2.11.GE Grid Solutions |
| 13.2.12.Advantech |
| 13.2.13.HMS Networks |
| 13.2.14.IFM Electronic |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.