Global Industrial Communication Market 2023-2027

Description

List of Tables

Technavio has been monitoring the industrial communication market and is forecast to grow by USD 73.71 bn during 2022-2027, accelerating at a CAGR of 10.92% during the forecast period. Our report on the industrial communication market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of IIoT technology, emergence of new and innovative fieldbus, and increasing deployment of industrial ethernet solutions.

Technavio's industrial communication market is segmented as below:

By Product

Fieldbus
Industrial Ethernet
Wireless

By Type

Component
Software
Services

By Geographical

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the integration of fieldbus with IIoT as one of the prime reasons driving the industrial communication market growth during the next few years. Also, rising adoption of industrial communications in machine vision systems and faster network redundancy features offered by ethernet will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial communication market covers the following areas:

Industrial communication market sizing
Industrial communication market forecast
Industrial communication market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial communication market vendors that include ABB Ltd., Advantech Co. Ltd., ASUSTeK Computer Inc., Beckhoff Automation GmbH and Co. KG, Belden Inc., Cisco Systems Inc., Emerson Electric Co., FANUC Corp., General Electric Co., Huawei Technologies Co. Ltd., ifm electronic GmbH, Moxa Inc., National Instruments Corp., OMRON Corp., Physik Instrumente GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SICK AG, Siemens AG, and Texas Instruments Inc. Also, the industrial communication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR43102

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global industrial communication market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global industrial communication market 2017 - 2021 ($ billion)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Segment 2017 - 2021 ($ billion)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Fieldbus - Market size and forecast 2022-2027
Exhibit 34: Chart on Fieldbus - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Fieldbus - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Fieldbus - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Fieldbus - Year-over-year growth 2022-2027 (%)
6.4 Industrial Ethernet - Market size and forecast 2022-2027
Exhibit 38: Chart on Industrial Ethernet - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Industrial Ethernet - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Industrial Ethernet - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Industrial Ethernet - Year-over-year growth 2022-2027 (%)
6.5 Wireless - Market size and forecast 2022-2027
Exhibit 42: Chart on Wireless - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Wireless - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Wireless - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Wireless - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 48: Chart on Type - Market share 2022-2027 (%)
Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type
7.3 Component - Market size and forecast 2022-2027
Exhibit 52: Chart on Component - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on Component - Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on Component - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Component - Year-over-year growth 2022-2027 (%)
7.4 Software - Market size and forecast 2022-2027
Exhibit 56: Chart on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Software - Year-over-year growth 2022-2027 (%)
7.5 Services - Market size and forecast 2022-2027
Exhibit 60: Chart on Services - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Services - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 64: Market opportunity by Type ($ billion)
Exhibit 65: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical 2022-2027 (%)
Exhibit 68: Data Table on Market share By Geographical 2022-2027 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical
Exhibit 111: Market opportunity By Geographical ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 119: ABB Ltd. - Overview
Exhibit 120: ABB Ltd. - Business segments
Exhibit 121: ABB Ltd. - Key offerings
Exhibit 122: ABB Ltd. - Segment focus
12.4 Advantech Co. Ltd.
Exhibit 123: Advantech Co. Ltd. - Overview
Exhibit 124: Advantech Co. Ltd. - Business segments
Exhibit 125: Advantech Co. Ltd. - Key offerings
Exhibit 126: Advantech Co. Ltd. - Segment focus
12.5 Beckhoff Automation GmbH and Co. KG
Exhibit 127: Beckhoff Automation GmbH and Co. KG - Overview
Exhibit 128: Beckhoff Automation GmbH and Co. KG - Product / Service
Exhibit 129: Beckhoff Automation GmbH and Co. KG - Key offerings
12.6 Belden Inc.
Exhibit 130: Belden Inc. - Overview
Exhibit 131: Belden Inc. - Business segments
Exhibit 132: Belden Inc. - Key news
Exhibit 133: Belden Inc. - Key offerings
Exhibit 134: Belden Inc. - Segment focus
12.7 Cisco Systems Inc.
Exhibit 135: Cisco Systems Inc. - Overview
Exhibit 136: Cisco Systems Inc. - Business segments
Exhibit 137: Cisco Systems Inc. - Key news
Exhibit 138: Cisco Systems Inc. - Key offerings
Exhibit 139: Cisco Systems Inc. - Segment focus
12.8 Emerson Electric Co.
Exhibit 140: Emerson Electric Co. - Overview
Exhibit 141: Emerson Electric Co. - Business segments
Exhibit 142: Emerson Electric Co. - Key news
Exhibit 143: Emerson Electric Co. - Key offerings
Exhibit 144: Emerson Electric Co. - Segment focus
12.9 General Electric Co.
Exhibit 145: General Electric Co. - Overview
Exhibit 146: General Electric Co. - Business segments
Exhibit 147: General Electric Co. - Key news
Exhibit 148: General Electric Co. - Key offerings
Exhibit 149: General Electric Co. - Segment focus
12.10 Huawei Technologies Co. Ltd.
Exhibit 150: Huawei Technologies Co. Ltd. - Overview
Exhibit 151: Huawei Technologies Co. Ltd. - Business segments
Exhibit 152: Huawei Technologies Co. Ltd. - Key news
Exhibit 153: Huawei Technologies Co. Ltd. - Key offerings
Exhibit 154: Huawei Technologies Co. Ltd. - Segment focus
12.11 National Instruments Corp.
Exhibit 155: National Instruments Corp. - Overview
Exhibit 156: National Instruments Corp. - Product / Service
Exhibit 157: National Instruments Corp. - Key news
Exhibit 158: National Instruments Corp. - Key offerings
12.12 OMRON Corp.
Exhibit 159: OMRON Corp. - Overview
Exhibit 160: OMRON Corp. - Business segments
Exhibit 161: OMRON Corp. - Key news
Exhibit 162: OMRON Corp. - Key offerings
Exhibit 163: OMRON Corp. - Segment focus
12.13 Rockwell Automation Inc.
Exhibit 164: Rockwell Automation Inc. - Overview
Exhibit 165: Rockwell Automation Inc. - Business segments
Exhibit 166: Rockwell Automation Inc. - Key news
Exhibit 167: Rockwell Automation Inc. - Key offerings
Exhibit 168: Rockwell Automation Inc. - Segment focus
12.14 Schneider Electric SE
Exhibit 169: Schneider Electric SE - Overview
Exhibit 170: Schneider Electric SE - Business segments
Exhibit 171: Schneider Electric SE - Key news
Exhibit 172: Schneider Electric SE - Key offerings
Exhibit 173: Schneider Electric SE - Segment focus
12.15 SICK AG
Exhibit 174: SICK AG - Overview
Exhibit 175: SICK AG - Business segments
Exhibit 176: SICK AG - Key offerings
Exhibit 177: SICK AG - Segment focus
12.16 Siemens AG
Exhibit 178: Siemens AG - Overview
Exhibit 179: Siemens AG - Business segments
Exhibit 180: Siemens AG - Key news
Exhibit 181: Siemens AG - Key offerings
Exhibit 182: Siemens AG - Segment focus
12.17 Texas Instruments Inc.
Exhibit 183: Texas Instruments Inc. - Overview
Exhibit 184: Texas Instruments Inc. - Business segments
Exhibit 185: Texas Instruments Inc. - Key news
Exhibit 186: Texas Instruments Inc. - Key offerings
Exhibit 187: Texas Instruments Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations