ReportBazzar has released its latest
research-based report entitled ‘Industrial
Ethernet’ market.
Industrial
Ethernet is a communication device that uses the EtherNet/IP, PROFINET,
EtherCAT, Modbus TCP, POWERLINK, Sercos III, and CC-Link IE industrial
protocols. These protocols allow for real-time control over network communication
in the automotive, electrical and electronics, aerospace and defense, and oil
& gas industries, among others.
Data centers
store large quantities of data from more than 100 billion web pages over 100
million websites accessing by billions every day. Consequently, a surge in data
traffic leads to an increase in the demand for data centers by enterprises of
all sizes. Through data centers, companies ensure and provide seamless
connectivity to end users. Fiber optic cables, electrical backplanes, and
active assemblies are some of the components of Ethernet networking and
connectivity used in data centers to ensures seamless communication between
systems.
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For instance,
Facebook is building its own fiber optic network to link its data centers to an
underground 200-mile fiber optic cable that would increase efficiency by 50%.
In this regard, the expansion of data centers is expected to be one of the
influencing factors for the growth of the global industrial Ethernet market
during the forecast period. Furthermore, the high adoption of Ethernet in
industrial automation and fiber to the home (FTTH) broadband Internet are also
projected to drive market growth during the assessment period.
Security
concerns and the higher cost of transition to new Ethernet
protocols are expected to limit the growth of the global industrial
Ethernet market during the forecast period.
Key Players
Some of the key
players in the global industrial Ethernet market are Beckhoff Automation
(Germany), Cisco Systems Inc. (US), Rockwell Automation, Inc. (US), Schneider
Electric (France), ABB Group (Switzerland), Belden Incorporated (US), Bosch
Rexorth AG (Germany), ACS Motion Control Ltd (Israel), and General Electric
Company (US).
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Key Findings
• The global
industrial Ethernet market is expected to reach USD 40.6 billion by the end of
2023.
• The hardware
component segment of the global industrial Ethernet market is expected to be
the largest during the forecast period, with the switches sub-segment
accounting for the largest projected market share.
•
• The IT
services segment is likely to be the fastest-growing market during the
assessment period.
• By protocol
type, the EtherNet/IP segment accounted for the largest market share in 2017
and is expected to be the fastest-growing industrial
Ethernet market during the assessment period.
• The market in
Asia-Pacific is projected to be the largest, while the North American market is
likely to be the fastest-growing industrial Ethernet market during the forecast
period.
Segmentation
The global
industrial Ethernet market has been segmented by component, protocol type, and
end user.
Based on component, the global industrial Ethernet market has been
segregated into hardware, software, and services. The hardware segment has been
further divided into switches, connectors, sensors, and others. The services
segment has been further classified as system integration and training
services, monitoring services, and IT services.
The protocol type segments of the global
industrial Ethernet market are EtherNet/IP, PROFINET, EtherCAT, Modbus TCP,
POWERLINK, Sercos III, and CC-Link IE.
Based on end user, the global industrial Ethernet market has been
segmented into automotive, electrical and electronics, aerospace and defense,
oil & gas, mining, chemicals, and others.
Regional
Analysis
The global
industrial Ethernet market has been studied with respect to four regions,
namely North America, Asia-Pacific, Europe, and the rest of the world.
Asia-Pacific
led the industrial Ethernet market in 2017 with the largest market share. The
region has a large application market for industrial Ethernet in broadband and
fiber optics and is an emerging market for data centers, which is expected to
influence the growth of industrial Ethernet market in Asia-Pacific during the
forecast period. North America is likely to be the fastest-growing industrial
Ethernet market. This growth can be attributed to the high adoption rate of
data center infrastructure, increasing demand for high-speed networking, and
significant growth of the communications industry.
Target Audience
• Industrial
Ethernet system and component manufacturers
• Research
organizations and consulting companies
• Associations,
forums, and alliances related to industrial Ethernet
• Industrial
Ethernet software providers
• Investors
• Start-up
companies
• Raw material
suppliers
• Government
and other regulatory bodies
• Market
research and consulting firms
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