The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Industrial Ethernet by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Ethernet, The industrial ethernet market size has grown rapidly in recent years. It will grow from $32.01 billion in 2023 to $36.56 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to growth in industrial automation, adoption of ethernet for real-time communication, increase in industrial iot (iiot) deployments, demand for high-speed and reliable connectivity, emphasis on standardization of industrial communication protocols.The industrial ethernet market size is expected to see rapid growth in the next few years. It will grow to $63.91 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%.
The growing popularity of smart automobiles is expected to propel the growth of the industrial ethernet market going forward. The smart automobile is a technique that links directly to the vehicle’s electronic control module to record, track, and manage multiple automobile control subsystems. Industrial ethernet is a reliable and significantly faster networking protocol that powers smart automotive technologies such as self-driving cars, vehicle-to-everything communication, advanced driver-assistance system (ADAS), infotainment systems, and others within the automobile industry. For instance, in April 2022, European Patent Office (EPO), a Germany-based administrative council, stated in their Patent Index 2021 that patent applications for two smart automobile technologies, such as hybrid drive control and electric propulsion, are increasing. In comparison to 2020, the hybrid drive control grew by 22.8% in 2021, and electric propulsion has increased by 15.1% since 2020. Therefore, the growing popularity of smart automobiles will drive the industrial ethernet market growth.
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Top Major Players
Cisco Systems Inc.,
Siemens AG,
Rockwell Automation Inc.,
Beckhoff Automation,
Moxa Inc.
The industrial ethernet market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Protocol: EtherCAT, EtherNet/IP, Profinet, Powerlink, Sercos III, CC-Link IE, Other Protocols
3) By Application: Oil and Gas, Aerospace and Defense, Energy and Power, Electrical and Electronics, Automotive and Transport, Chemicals, Other Applications
The industrial ethernet market report table of contents includes:
1. Executive Summary
- Industrial Ethernet Market Characteristics
- Industrial Ethernet Market Trends And Strategies
- Industrial Ethernet Market – Macro Economic Scenario
- Global Industrial Ethernet Market Size and Growth
- Industrial Ethernet Market Segmentation
- Industrial Ethernet Market Regional And Country Analysis
……………………. - Key Mergers And Acquisitions In The Industrial Ethernet Market
- Industrial Ethernet Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Industrial Ethernet Market, Segmentation By Protocol, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 74: Cisco Systems Inc. Financial Performance
Table 75: Siemens AG Financial Performance
Table 76: Rockwell Automation Inc. Financial Performance
Table 77: Beckhoff Automation Financial Performance
Table 78: Moxa Inc. Financial Performance
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