Latest Research Report on “Industrial Ethernet Market Market” | Survey with Valuable Insights
The 2024 market research report for Industrial Ethernet Market Market offers a comprehensive analysis of the industry, covering key aspects such as trends, opportunities, risks, and drivers. It provides a detailed evaluation of the market's revenue, size, and volume, while also assessing the product portfolios, capacities, and revenues of leading companies. Additionally, the report delves into various industry segments.
According to Straits Research, the global industrial ethernet market size was valued at USD 12.6 billion in 2024 and is projected to grow from USD 13.5 billion in 2025 to reach USD 24.6 billion by 2033, exhibiting a CAGR of 7.8% during the forecast period (2025-2033).
The report emphasizes the Industrial Adhesive market, examining its overall size, segment size (including product type, application, and geography), competitive landscape, current status, and development trends. It also offers strategic insights for companies to navigate the challenges posed by COVID-19.
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Latest Trends in the Industrial Ethernet Market
Adoption of Industry 4.0: The adoption of Industrial Ethernet solutions is being further accelerated by the drive towards Industry 4.0. Businesses are using these technologies more and more to improve smart factory automation, networking, and real-time data processing.
Integration with IIoT: The Industrial Ethernet market is expanding due in large part to the emergence of the Industrial Internet of Things (IIoT). By facilitating smooth communication between sensors and equipment, IIoT improves operational efficiency and data analytics.
Transition from Conventional Fieldbus Systems: Modern Industrial Ethernet solutions are notably replacing conventional Fieldbus systems because of their increased speed and dependability for data transfer.
The idea of "smart factories" is becoming more popular, and industrial Ethernet is key to facilitating real-time monitoring and machine-to-machine communication, both of which are necessary for effective operations.
Technological Developments: New developments like Power over Ethernet (PoE), Time-Sensitive Networking (TSN), and Single Pair Ethernet (SPE) are expanding the capabilities of Industrial Ethernet and improving its suitability for contemporary industrial applications.
Focus on Cybersecurity: Concerns about cybersecurity are growing along with connection. Creating secure industrial Ethernet solutions is becoming more and more important to guard against possible cyberthreats in industrial settings.
Key Statistics
Market Growth: Estimated at $10.5 billion in 2023, the Industrial Ethernet market is expected to reach $24.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 8% from 2024 to 2032.
Projected Growth: According to a different forecast, the market is expected to grow by $43.52 billion between 2023 and 2028, with a compound annual growth rate (CAGR) of 13.29%.
Market Share: Compared to 68% the year before, industrial Ethernet now makes up 71% of the global market for recently installed nodes in factory automation.
Protocol Popularity: PROFINET has a dominant market share of 23% in industrial Ethernet, closely followed by EtherNet/IP (21%), and EtherCAT (16%).
TOP Key Industry Players of the Industrial Ethernet Market Market
Cisco Systems, Inc.
Siemens
Rockwell Automation
OMRON Corporation
Moxa Inc.
Phoenix Contact
Belden Inc.
ABB
Schneider Electric
Bosch Rexroth AG
Industrial Ethernet Market Market Segmental Analysis
As a result of the Industrial Ethernet Market market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.
By Type
Hardware
Software
Services
By Protocol
EtherCAT
EtherNet/IP
PROFINET
POWERLINK
SERCOS III
CC-Link IE
By End-User
Automotive & Transportation
Oil and Gas
Energy & Power
Food & Beverages
Chemical & Fertilizer
Electrical & Electronics
Aerospace & Defense
Others
You can check In-depth Segmentation from here: @ straitsresearch.com/report/industrial-ether..
Regional Analysis Industrial Ethernet Market Market
The regional analysis section of the report offers a thorough examination of the global Industrial Ethernet Market market, detailing the sales growth of various regional and country-level markets. It includes precise volume analysis by country and market size analysis by region for both past and future periods. The report provides an in-depth evaluation of the growth trends and other factors impacting the Industrial Ethernet Market market in key countries, such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. Moreover, it explores the progress of significant regional markets, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Regional Analysis
Market Share: With more than 38% of the global market share in 2023, North America is the largest market for industrial Ethernet, with a valuation of around $10.5 billion.
The area gains from a heavy emphasis on Industry 4.0 efforts and a well-established industrial infrastructure. Demand is primarily driven by the automotive, aerospace, and energy sectors, where automation and IoT integration are highly desired.
Europe is expected to develop at a compound annual growth rate (CAGR) of 16.07% until 2031. The area is leading the way in the use of smart industrial concepts and digital technologies.
About 35.77% of the global industrial Ethernet market, which was estimated to be worth $9.22 billion in 2023, was accounted for by the Asia-Pacific region. The greatest CAGR is anticipated in this region because of the quick industrialization and urbanization.
New Additions in the 2024 Report:
Expanded Industry Overview: The report now includes a more comprehensive and detailed industry overview.
In-Depth Company Profiles: Enhanced profiles providing deeper insights into key industry players.
Customized Reports and Analyst Support: Tailored reports and direct access to analyst support available upon request.
Insights on Market Developments: Updated information on recent market trends and future growth opportunities.
Regional/Country-Specific Customization: Reports tailored to specific regions and countries according to your needs.
Key Highlights
Examine the Industrial Ethernet Market Market: This includes an introduction, analysis of product types and applications, an overview of the market, and a country-by-country market analysis. The study also explores market opportunities, risks, and driving forces.
Profile Manufacturers: The research focuses on manufacturers of Industrial Ethernet Market, including detailed profiles, primary business activities, recent news, sales, pricing, revenue, and market share.
Competitive Landscape Overview: Provide an overview of the competitive landscape among the world's leading manufacturers, highlighting their sales, revenue, and market share.
Market Segmentation Analysis: Illustrate the market segmented by type and application, with detailed breakdowns of sales, price, revenue, market share, and growth rate for each segment.
Regional Market Analysis: Analyze key regions, including North America, Europe, Asia Pacific, the Middle East, and South America. This includes sales, revenue, and market share data segmented by manufacturers, types, and applications.
Production Cost Investigation: Investigate production costs, essential raw materials, and the production methods used in the industry.
Reasons to Purchase This Report:
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Enhanced Decision-Making: Equip yourself with detailed insights into market trends, consumer behavior, and key industry factors. This report provides essential information for strategic planning, including decisions on investments, product development, and marketing strategies.Achieving Competitive Advantage: Stay ahead in your industry by understanding market dynamics and competitor strategies. This report delivers deep insights into competitor performance and market trends, enabling you to craft effective business strategies and maintain a competitive edge.
Credibility and Reliability: Trust in the expertise of industry professionals and the accuracy of thoroughly researched data. Authored by experts and grounded in rigorous research and analysis, this report enhances credibility and reliability.
Cost-Effective Research: Reduce research expenses by investing in this comprehensive report instead of conducting independent research. It provides a cost-effective means of accessing detailed analysis and insights on a specific topic without requiring extensive resources.
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About Straits Research
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