The Global Industrial Communication Market is Estimated to reach $28 Billion by 2028, at a CAGR of 8%

Industrial Communication Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Industrial Communication Market size is expected to reach $28 billion by 2028, rising at a market growth of 8.0% CAGR during the forecast period.

The Software segment is showcasing a CAGR of 8.5% during (2022 - 2028). By using Industrial Ethernet, network administration may be made easier through the observation of industrial Ethernet software, which is made up of various nodes. With the aid of these technologies, numerous devices can be configured simultaneously. Solutions for Industrial Ethernet diagnostics support a variety of devices, including routers, switches/hubs, WLAN devices, and other end devices, & enable effective topology recognition.

The Industrial Ethernet segment acquired maximum revenue share in the Global Industrial Communication Market by Communication Protocol in 2021, thereby, achieving a market value of $15.1 billion by 2028. In order to give real-time control over the data transport, industrial ethernet refers to the utilization of Ethernet in a setting particular to the industry, together with supporting protocols like EtherNet/IP, EtherCAT, PROFINET, POWERLIN CC-Link IE & SERCOS III. It is utilized for automation or process control in harsh industrial situations.

The Aerospace & Defense segment has shown growth rate of a CAGR of 8.5% during (2022 - 2028). The demand for the Internet of Things is continuously rising in the aerospace & defense sector. Due to its long-term adoption of computerized automation & sensor technology, this sector has been among the leaders in the IIoT maturity spectrum. With the help of IIoT components like edge computing, big data, predictive analytics, cloud, and other applications, successful aerospace & defense companies are continually inventing and improving their technical infrastructure.

The Asia Pacific market dominated the Global Industrial Communication Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.1 billion by 2028. The Europe market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 7% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/industrial-communication-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., Siemens AG, ABB Group, Schneider Electric SE, Sick AG, Rockwell Automation, Inc., Advantech Co., Ltd., Belden, Inc., Omron Corporation, and Huawei Technologies Co. Ltd.

Global Industrial Communication Market Segmentation

By Offering

• Components
  • Switches
  • Controllers & Connectors
  • Routers & WAP
  • Gateways
  • Communication Interfaces & Converters
  • Power Supply Devices
  • Others
• Software
• Services

By Communication Protocol

• Industrial Ethernet
• Fieldbus
• Wireless

By Vertical

• Automotive
• Electrical & Electronics
• Aerospace & Defense
• Chemicals & Fertilizers
• Pharmaceuticals & Medical Devices
• Metals & Mining
• Power & Energy
• Food & Beverages
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Cisco Systems, Inc.
• Siemens AG
• ABB Group
• Schneider Electric SE
• Sick AG
• Rockwell Automation, Inc.
• Advantech Co., Ltd.
• Belden, Inc.
• Omron Corporation
• Huawei Technologies Co. Ltd.

Related Reports:

North America Industrial Communication Market Size, 2028

• June-2022
• 125 Pages

LAMEA Industrial Communication Market Size & Forecast, 2028

• June-2022
• 150 Pages

Europe Industrial Communication Market Size & Forecast, 2028

• June-2022
• 148 Pages

Asia Pacific Industrial Communication Market Size, Share, 2028

• June-2022
• 151 Pages