Global Industrial Communication Market Size study & Forecast, by Offering, by Communication Protocol, by Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Industrial Communication Market is valued at approximately USD 20.7 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. Industrial communication refers to the network infrastructure and technologies utilized for seamless and reliable data exchange within industrial environments. It encompasses a wide range of wired and wireless communication systems, protocols, and devices that connect and coordinate industrial equipment, machinery, sensors, and control systems. Industrial communication enables real-time monitoring, control, and integration of industrial processes, facilitating efficient operations, automation, and data-driven decision-making. It plays a crucial role in industrial automation, Industry 4.0 initiatives, and the Industrial Internet of Things (IIoT), ensuring effective communication, interoperability, and connectivity across the industrial ecosystem. The factors driving the market growth are increasing industrial automation and growing demand for Real-Time Data Exchange.

As industries automate their processes, there will be a growing need for reliable and efficient communication systems to connect various devices and enable seamless data exchange. This will drive the demand for industrial communication technologies such as Ethernet, wireless networks, and industrial protocols. The industrial communication market is poised to experience substantial growth as automation continues to expand across industries, enhancing productivity and efficiency. According to Statista, the size of the global industrial automation market was approx. USD 207 billion and is expected to grow at a CAGR of around 9% until 2025. Another factor driving the space is the growing demand for Real-Time Data Exchange for monitoring and controlling operations in industries. Moreover, the integration of Artificial Intelligence (AI) and Machine Learning (ML) and the expansion of the Industrial IoT (IIoT) ecosystem is expected to create lucrative opportunities in the future. However, the high implementation and deployment costs and lack of skilled workforce stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Industrial Communication Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the policies and initiatives taken by the government to drive automation and digitalization in industries, including programs that provide financial incentives and funding for research and development in advanced technologies. Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as the rise in demand for advanced manufacturing hubs for consumer electronics and automobiles in countries such as China and India.

Major market player included in this report are:

Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
Belden Inc.
Bosch Rexroth AG
AAEON Technology Inc.
Honeywell International Inc.
Mitsubishi Electric Corporation
Hans Turck GmbH & Co. KG
Hitachi, Ltd.
ACS Motion Control

Recent Developments in the Market:

In February 2023, Cisco Systems, Inc. launched the 5G Cellular Gateways for fixed wireless access (FWA) under the Meraki brand. The Cisco Meraki MG51 and MG51E gateways leverage 5G technology and prioritize cloud-based networking for efficient Wide Area Networking (WAN) operations.
In December 2022, Rockwell Automation launched FactoryTalk Logix Echo, a new offering designed to simplify the emulator process. It enables users to directly download their programs to FactoryTalk Logix Echo without the need for any modifications or adjustments, streamlining the overall emulator experience.

Global Industrial Communication Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Offering, Communication Protocol, Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Offering:

Components
Software
Services

By Communication Protocol:

Fieldbus
Industrial Ethernet
Wireless

By Vertical:

Industrial
Automotive
Electrical & Electronics
Aerospace & Defense
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Industrial Communication Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Industrial Communication Market, by Offering, 2020-2030 (USD Billion)
- 1.2.3. Industrial Communication Market, by Communication Protocol, 2020-2030 (USD Billion)
- 1.2.4. Industrial Communication Market, by Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Industrial Communication Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Industrial Communication Market Dynamics

3.1. Industrial Communication Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing Industrial Automation
  - 3.1.1.2. Growing demand for Real-Time Data Exchange
- 3.1.2. Market Challenges
  - 3.1.2.1. High implementation and deployment costs
  - 3.1.2.2. Lack of skilled workforce
- 3.1.3. Market Opportunities
  - 3.1.3.1. Integration of Artificial Intelligence (AI) and Machine Learning (ML)
  - 3.1.3.2. Expansion of Industrial IoT (IIoT) ecosystem

Chapter 4. Global Industrial Communication Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Communication Market, by Offering

5.1. Market Snapshot
5.2. Global Industrial Communication Market by Offering, Performance - Potential Analysis
5.3. Global Industrial Communication Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Industrial Communication Market, Sub Segment Analysis
- 5.4.1. Components
- 5.4.2. Software
- 5.4.3. Services

Chapter 6. Global Industrial Communication Market, by Communication Protocol

6.1. Market Snapshot
6.2. Global Industrial Communication Market by Communication Protocol, Performance - Potential Analysis
6.3. Global Industrial Communication Market Estimates & Forecasts by Communication Protocol 2020-2030 (USD Billion)
6.4. Industrial Communication Market, Sub Segment Analysis
- 6.4.1. Fieldbus
- 6.4.2. Industrial Ethernet
- 6.4.3. Wireless

Chapter 7. Global Industrial Communication Market, by Vertical

7.1. Market Snapshot
7.2. Global Industrial Communication Market by Vertical, Performance - Potential Analysis
7.3. Global Industrial Communication Market Estimates & Forecasts by Vertical 2020-2030 (USD Billion)
7.4. Industrial Communication Market, Sub Segment Analysis
- 7.4.1. Industrial
- 7.4.2. Automotive
- 7.4.3. Electrical & Electronics
- 7.4.4. Aerospace & Defense
- 7.4.5. Others

Chapter 8. Global Industrial Communication Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Industrial Communication Market, Regional Market Snapshot
8.4. North America Industrial Communication Market
- 8.4.1. U.S. Industrial Communication Market
  - 8.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Communication Protocol breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Vertical breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Industrial Communication Market
8.5. Europe Industrial Communication Market Snapshot
- 8.5.1. U.K. Industrial Communication Market
- 8.5.2. Germany Industrial Communication Market
- 8.5.3. France Industrial Communication Market
- 8.5.4. Spain Industrial Communication Market
- 8.5.5. Italy Industrial Communication Market
- 8.5.6. Rest of Europe Industrial Communication Market
8.6. Asia-Pacific Industrial Communication Market Snapshot
- 8.6.1. China Industrial Communication Market
- 8.6.2. India Industrial Communication Market
- 8.6.3. Japan Industrial Communication Market
- 8.6.4. Australia Industrial Communication Market
- 8.6.5. South Korea Industrial Communication Market
- 8.6.6. Rest of Asia Pacific Industrial Communication Market
8.7. Latin America Industrial Communication Market Snapshot
- 8.7.1. Brazil Industrial Communication Market
- 8.7.2. Mexico Industrial Communication Market
8.8. Middle East & Africa Industrial Communication Market
- 8.8.1. Saudi Arabia Industrial Communication Market
- 8.8.2. South Africa Industrial Communication Market
- 8.8.3. Rest of Middle East & Africa Industrial Communication Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Cisco Systems, Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Huawei Technologies Co., Ltd.
- 9.3.3. Belden Inc.
- 9.3.4. Bosch Rexroth AG
- 9.3.5. AAEON Technology Inc.
- 9.3.6. Honeywell International Inc.
- 9.3.7. Mitsubishi Electric Corporation
- 9.3.8. Hans Turck GmbH & Co. KG
- 9.3.9. Hitachi, Ltd.
- 9.3.10. ACS Motion Control

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Industrial Communication Market, report scope
TABLE 2. Global Industrial Communication Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Industrial Communication Market estimates & forecasts by Offering 2020-2030 (USD Billion)
TABLE 4. Global Industrial Communication Market estimates & forecasts by Communication Protocol 2020-2030 (USD Billion)
TABLE 5. Global Industrial Communication Market estimates & forecasts by Vertical 2020-2030 (USD Billion)
TABLE 6. Global Industrial Communication Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Industrial Communication Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Industrial Communication Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Industrial Communication Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Industrial Communication Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Industrial Communication Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Industrial Communication Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Industrial Communication Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Industrial Communication Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Industrial Communication Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Industrial Communication Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Industrial Communication Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Industrial Communication Market
TABLE 71. List of primary sources, used in the study of global Industrial Communication Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Industrial Communication Market, research methodology
FIG 2. Global Industrial Communication Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Industrial Communication Market, key trends 2022
FIG 5. Global Industrial Communication Market, growth prospects 2023-2030
FIG 6. Global Industrial Communication Market, porters 5 force model
FIG 7. Global Industrial Communication Market, pest analysis
FIG 8. Global Industrial Communication Market, value chain analysis
FIG 9. Global Industrial Communication Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Industrial Communication Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Industrial Communication Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Industrial Communication Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Industrial Communication Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Industrial Communication Market, regional snapshot 2020 & 2030
FIG 15. North America Industrial Communication Market 2020 & 2030 (USD Billion)
FIG 16. Europe Industrial Communication Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Industrial Communication Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Industrial Communication Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Industrial Communication Market 2020 & 2030 (USD Billion)