Asia Pacific Industrial Networking Solution Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The Asia Pacific industrial networking solution market is projected to grow significantly, reaching approximately US$ 59,853.69 million by 2031, up from US$ 11,543.20 million in 2023, reflecting a robust compound annual growth rate (CAGR) of 22.8% during the forecast period.

Executive Summary and Market Analysis

The advent of Industry 4.0 is revolutionizing the industrial landscape by enabling stakeholders to enhance operational efficiency through the integration of interconnected industrial equipment and advanced computational technologies. This Fourth Industrial Revolution signifies a rapid transformation driven by connectivity and intelligent automation, paralleling the advancements seen in the previous industrial revolutions. The manufacturing sector is undergoing significant changes due to technological innovations, necessitating a deeper understanding and adoption of advanced manufacturing techniques, which is expected to propel the growth of the industrial networking solutions market.

In the Asia Pacific region, which serves as a global manufacturing powerhouse, the adoption of Industry 4.0 is gaining momentum. Countries in this region are increasingly developing innovative manufacturing capabilities to foster this transformation. For example, China views the Industrial Internet as a crucial driver for technological advancement and high-end production. The China Academy of Industrial Internet (CAII) reported that the value of China's Industrial Internet reached over US$ 167.7 billion in 2023. Additionally, Fiberroad Technology has launched the Auto Pro series of industrial switches, enhancing automation and professionalism in industrial management systems. In India, the Department of Telecommunications (DoT) is promoting the adoption of innovative technologies among organizations and startups, aligning with the broader goal of digital transformation and preparing for the future of 5G and 6G technologies. This growing embrace of Industry 4.0 is expected to significantly boost the industrial networking solutions market in the region.

Market Segmentation Analysis

The Asia Pacific industrial networking solution market can be segmented based on components, deployment methods, connectivity types, and end-use industries.

Components: The market is divided into hardware, software, and services, with hardware holding the largest market share in 2023.
Deployment: The market is categorized into on-premise and cloud solutions, with on-premise solutions dominating in 2023.
Connectivity: The market is split into wired and wireless connectivity, with wired solutions leading in market share.
End-Use Industries: The market includes sectors such as automotive, banking, financial services, and insurance (BFSI), manufacturing, telecommunications, logistics and transportation, among others, with manufacturing being the largest segment in 2023.

Market Outlook

Software-Defined Wide Area Networking (SD-WAN) is transforming how organizations address data network challenges by enhancing application performance, simplifying management, and overcoming limitations of traditional proprietary network technologies. SD-WAN creates a transport-agnostic overlay network that can replace outdated branch office routers, streamlining WAN infrastructure. This technology provides greater control and management, allowing for application-layer control of service policies to ensure optimal performance. Recent developments, such as Fortinet's new SD-WAN services launched in August 2023, aim to simplify operations and enhance digital experiences for organizations with limited technical resources. Similarly, VMware introduced its next-generation SD-WAN solution in November 2022, which is designed to securely and reliably deliver applications and services. These innovations are expected to drive the adoption of SD-WAN solutions in industrial networking environments.

Country Insights

The Asia Pacific industrial networking solution market includes key countries such as China, Japan, South Korea, India, Australia, and others, with China holding the largest market share in 2023. The demand for industrial networking solutions in China is fueled by the increased adoption of wireless technologies, cloud services, and heightened security concerns. The implementation of Industrial Internet of Things (IIoT) solutions is also contributing to market growth. Notable developments include Huawei's introduction of the Lossless Industrial Optical Network solution based on Fifth-generation fixed network (F5G) technologies in March 2023, aimed at enhancing production quality and efficiency. Additionally, a collaboration between ABB and China Telecom to establish a digitalization and industrial IoT laboratory in Hangzhou is expected to foster the development of comprehensive IIoT solutions for industrial enterprises in China.

Company Profiles

Key players in the industrial networking solution market include ABB Ltd, Belden Inc, Cisco Systems Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co Ltd, Moxa Inc., Nokia Corp, Rockwell Automation Inc, Semtech Corp, and Siemens AG. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their offerings and increase market share.

Product Code: BMIRE00032116

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. Asia Pacific Industrial Networking Solutions Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Hardware and Software Providers
- 4.3.2 Services and Hardware Integrators
- 4.3.3 End Users
4.4 List of Vendors in the Value Chain

5. Asia Pacific Industrial Networking Solutions Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Adoption of Wireless Technologies
- 5.1.2 Rising Need for Predictive Maintenance
5.2 Market Restraints
- 5.2.1 High Initial Cost of Industrial Networking Solutions
5.3 Market Opportunities
- 5.3.1 Integration of Industrial Internet of Things
- 5.3.2 Emergence of Industry 4.0
5.4 Trends
- 5.4.1 Increasing Demand for SD-WAN Solution
5.5 Impact of Drivers and Restraints:

6. Industrial Networking Solutions Market - Asia Pacific Analysis

6.1 Asia Pacific Industrial Networking Solutions Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Industrial Networking Solutions Market Forecast Analysis

7. Asia Pacific Industrial Networking Solutions Market Analysis - by Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Software and Services
- 7.2.1 Overview
- 7.2.2 Software and Services: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Asia Pacific Industrial Networking Solutions Market Analysis - by Deployment

8.1 On-premise
- 8.1.1 Overview
- 8.1.2 On-premise: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Cloud
- 8.2.1 Overview
- 8.2.2 Cloud: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Asia Pacific Industrial Networking Solutions Market Analysis - by Connectivity

9.1 Wired
- 9.1.1 Overview
- 9.1.2 Wired: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Wireless
- 9.2.1 Overview
- 9.2.2 Wireless: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Asia Pacific Industrial Networking Solutions Market Analysis - by End-use Industry

10.1 Automotive
- 10.1.1 Overview
- 10.1.2 Automotive: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Manufacturing
- 10.3.1 Overview
- 10.3.2 Manufacturing: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Telecommunication
- 10.4.1 Overview
- 10.4.2 Telecommunication: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Logistics and Transportation
- 10.5.1 Overview
- 10.5.2 Logistics and Transportation: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. Asia Pacific Industrial Networking Solutions Market - Country Analysis

11.1 Asia Pacific
- 11.1.1 Asia Pacific Industrial Networking Solutions Market Overview
- 11.1.2 Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 China: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.2.1 China: Asia Pacific Industrial Networking Solutions Market Share - by Component
    - 11.1.2.2.2 China: Asia Pacific Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.2.3 China: Asia Pacific Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.2.4 China: Asia Pacific Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.3 Japan: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.3.1 Japan: Asia Pacific Industrial Networking Solutions Market Share - by Component
    - 11.1.2.3.2 Japan: Asia Pacific Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.3.3 Japan: Asia Pacific Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.3.4 Japan: Asia Pacific Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.4 South Korea: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.4.1 South Korea: Asia Pacific Industrial Networking Solutions Market Share - by Component
    - 11.1.2.4.2 South Korea: Asia Pacific Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.4.3 South Korea: Asia Pacific Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.4.4 South Korea: Asia Pacific Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.5 India: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.5.1 India: Asia Pacific Industrial Networking Solutions Market Share - by Component
    - 11.1.2.5.2 India: Asia Pacific Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.5.3 India: Asia Pacific Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.5.4 India: Asia Pacific Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.6 Australia: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.6.1 Australia: Asia Pacific Industrial Networking Solutions Market Share - by Component
    - 11.1.2.6.2 Australia: Asia Pacific Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.6.3 Australia: Asia Pacific Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.6.4 Australia: Asia Pacific Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.7 Rest of APAC: Asia Pacific Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.7.1 Rest of APAC: Asia Pacific Industrial Networking Solutions Market Share - by Component
    - 11.1.2.7.2 Rest of APAC: Asia Pacific Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.7.3 Rest of APAC: Asia Pacific Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.7.4 Rest of APAC: Asia Pacific Industrial Networking Solutions Market Share - by End-use Industry

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product News & Company News
13.4 Collaboration and Mergers & Acquisitions

14. Company Profiles

14.1 Huawei Technologies Co Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 ABB Ltd
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Belden Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Cisco Systems Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Hewlett Packard Enterprise Development LP
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Moxa Inc.
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Nokia Corp
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Rockwell Automation Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Semtech Corp
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Siemens AG
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 Word Index
15.2 About Us
15.3 List of Abbreviations