Industrial Ethernet Market is Expected to Reach Approximately USD 17.8 billion by 2032, At 9.59%

MRFR Press Release/- Market Research Future published a half cooked research report on globally Industrial Ethernet market.

The global Industrial Ethernet Market is projected to be valued at USD 17.8 Billion by the end of 2032, registering a CAGR of 9.59% during the forecast period.

The peripheral systems outfitted with internet are gaining popularity in all the commercial and industrial applications. The high speed data transmission allow the business organization to work seamlessly across the world. 5G network will drive the future evolution of the internet by implementing the next generation of ultra-high speed broadband (powered by fiber optic) infrastructure, requiring restructuring and redesigning of mobile network construction and expansion. Also, by integrating the complex and mass-scale cloud architecture with mobile networks to provide delivering services at higher speeds is expected to be a tremendous prospect for the growth in the mobile internet traffic.

However, Ethernet and fiber optic network prove to be a great technological replacement for existing connection to get high-speed internet, yet the network and its related hardware component to face certain challenges and difficulties to get deployed. Most of the market of industrial Ethernet is dominated by the companies located in China, Japan, the U.S. parts of Europe, and Canada. The emerging companies in developing countries face lack of projects, and government support, ultimately resulting in mergers and acquisition of these emerging companies.

However, limited cost-effective scaling in Ethernet and fiber networks are expected to be a challenging factor over the forecast period.

The Industrial Ethernet is segmented by component, protocol type and end user.

Based on component, the industrial Ethernet market is sub-divided into hardware and services. The hardware sub-segment comprised of switches, connectors, sensors and others. Furthermore, the service sub-segment is categorized into system integration & training services, monitoring services and IT services

Industrial Ethernet is further segmented on the basis of protocol type that include EtherNet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, Sercos III and CC-Link IE

On the basis of end-user segment, the Industrial Ethernet comprises of electronics and electrical, automotive, oil and gas, aerospace and defense, mining, chemicals, manufacturing, and others.

According to Market Research Future analysis, Industrial Ethernet Market is valued at approximately USD 40.6 billion growing with a 12.20% CAGR during the forecast period 2017-2023.

Key Players

Market research future identifies some of the key players of Industrial Ethernet market that include Beckhoff Automation (Germany), Cisco Systems, Inc (U.S.), Rockwell Automation, Inc (U.S.), Schneider Electric SE (U.S.), ABB Group (Switzerland), Belden Incorporated(U.S.), Bosch Rexroth AG (Germany), ACS Motion Control Ltd (Israel), and General Electric Company (U.S.).

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.