Industrial Communications Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Industrial Communications Market: By Application (Industrial Area Communication, Hazardous Area Communication, Public Address/General Alarm), By End-User (Oil & Gas, Manufacturing, Pulp & Paper, Water Treatment, Power, Chemical), and Geography

 

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Report

Description

Industrial Communications Market size was valued at USD 312.9 million in 2021, growing at a significant CAGR of 3.2% over 2022-2028. Industrial communication is the key to increased efficiency in every business since it allows the organisation to operate machines and the whole production line, monitor current traffic systems, and control power distribution. The industrial area communication segment anticipated to grow at significant CAGR over the forecast years owing 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, electronics, and energy and power generating industries. Moreover, the other player are focusing on launching new product for instance In March 2022, Moxa, a leader in industrial communications and networking, launched its next-generation industrial Ethernet switches, the EDS-4000/G4000 Series.

The Recent  Industrial Communications  Market Developments:

In May 2022, Siemens (Germany) announced its VXLAN transmission technology allows transmission of Profinet IO via a private 5G network, which allows data to be transmitted in real time for industrial applications.

Industrial Communications Market

MARKET SUMMARY
-
3.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.2%
  • Largest Market– North America
  • Fastest Growing Market–  Asia Pacific

Industrial Communications Market

  • This report gives a comprehensive outlook on industrial communications market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The industrial communications market report gives historical, current, and future market sizes (US$ Mn) on the basis of by application, end-use, and geography.
Key Players
  • Cisco (US)
  • Siemens (Germany)
  • Omron (Japan)
  • Moxa (Taiwan)
  • Huawei Technologies (China)
Industrial Communications Market Dynamics

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.


Asia-Pacific Got Significant Share

Industrial Communications 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Industrial Communications Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The industrial communications market growing at a CAGR of 3.3% during 2022

Cisco (US), Siemens (Germany), Rockwell Automation (US), Omron (Japan), Moxa (Taiwan), Huawei Technologies (China)

Asia Pacific is the fastest-growing region for the industrial communications market

The self-service segment holds the highest market share.


Report

Company Profile

  • Cisco (US)
  • Siemens (Germany)
  • Rockwell Automation (US)
  • Omron (Japan)
  • Moxa (Taiwan)
  • Huawei Technologies (China)
  • SICK (Germany)
  • Schneider Electric (France)
  • ABB (Switzerland)
  • Belden (US)
  • GE Grid Solutions (France)
  • Advantech (Taiwan)
  • HMS Networks (Sweden)
  • IFM Electronic (Germany)

Description

Industrial Communications Market size was valued at USD 312.9 million in 2021, growing at a significant CAGR of 3.2% over 2022-2028. Industrial communication is the key to increased efficiency in every business since it allows the organisation to operate machines and the whole production line, monitor current traffic systems, and control power distribution. The industrial area communication segment anticipated to grow at significant CAGR over the forecast years owing 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, electronics, and energy and power generating industries. Moreover, the other player are focusing on launching new product for instance In March 2022, Moxa, a leader in industrial communications and networking, launched its next-generation industrial Ethernet switches, the EDS-4000/G4000 Series.

The Recent  Industrial Communications  Market Developments:

In May 2022, Siemens (Germany) announced its VXLAN transmission technology allows transmission of Profinet IO via a private 5G network, which allows data to be transmitted in real time for industrial applications.

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