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Industrial Communication Market by Offering (Component, Software and Services), Communication Protocol (Fieldbus, Industrial Ethernet and Wireless), Vertical (Automotive, Engineering/Fabrication) and Region - Global Forecast to 2027

Industrial Communication Market by Offering (Component, Software and Services), Communication Protocol (Fieldbus, Industrial Ethernet and Wireless), Vertical (Automotive, Engineering/Fabrication) and Region - Global Forecast to 2027

The industrial communication marketis expected to grow from USD 18.8 billion in 2022 and is projected to reach USD 26.8 billion by 2027; it is expected to grow at a CAGR of 7.4% during the forecast period. A factory system should be capable of offering faster response times, better efficiency, and greater reliability. To achieve these benefits, designers must select the best communication technology, navigate a multiprotocol environment, and cover a wide range of industrial equipment. Therefore, the need for scalable and interoperable protocols are driving industry initiatives to develop a newer set of communication products.

The clients of the companies offering smart manufacturing products and solutions are currently deferring the implementation of new projects as a short-term strategy and are concentrating on saving their business and cash flow. However, as the pandemic has subsided, companies are starting to demand smart manufacturing products and solutions. Still, the increased demands may not reach the demand levels estimated in the pre-COVID-19 era. Apart from this, The lack of standardization in these communication interfaces and protocols may result in the misrepresentation of data. The lack of standardization complicates the integration of systems and hinders the use of plug-and-play features for unrelated systems.

“Market for services to have highest CAGR during the forecast period”

Rapid changes in network infrastructure and the growing adoption of IIoT have led to the adoption of cloud and virtualization. This has significantly increased the pressure on network administrators to manage the network infrastructure. Hence, manufacturing industries are outsourcing network services to ensure better network management quality and reduced operating costs. Also, post-COVID-19, most companies are adopting remote network monitoring services, which is expected to boost the services market during the forecast period.

“Wireless connectivity segment to have highest growth throughout the forecast period”

The number of wireless connections in industrial applications has increased considerably over the past few years due to improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies, especially in wireless highway addressable remote transducer (WHART), cellular, and wireless local area networks (WLAN), are helping manufacturing companies to remotely monitor their assets from anywhere in the world. The popularity of wireless networks is increasing due to the speed and simplicity of installing them, as these features enable their deployment even in extreme environments. All these factors are expected to increase the adoption of wireless technology in the industrial communication market during the forecast period.

“Market for water & wastewater management application to grow at highest CAGR during the forecast period”

In water and wastewater treatment operations, reliable and timely data can improve efficiency and reduce costs. Outdated communication architectures are unable to keep up with existing SCADA applications in terms of the bandwidth, security features, scalability, and environmental ruggedness required to connect to remote areas.Water level monitoring sensors, AC drives, and controllers are the crucial components of water treatment systems, and an industrial communication network is used to facilitate communication among these devices. These factors are expected to fuel the growth of the industrial communication market for the water & wastewater vertical during the forecast period.

“Market in APAC to grow at highest CAGR during the forecast period”

Asia Pacific is one of the fastest-growing regions globally in terms of the adoption of industrial communication. Ongoing technological innovations and increasing adoption of automation technologies in various industries are leading to the growth of the industrial communication market in Asia Pacific.Considering the large population of some of the emerging economies in Asia Pacific and the need for better infrastructure and healthcare facilities, the IIoT market is expected to have more opportunities for growth in this region. IIoT can potentially change the entire industrial landscape and contribute to the growth of the emerging countries in this region. Industrial automation mainly depends on network interfaces and communication devices as an efficient communication network helps monitor and optimize the automation process.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the industrial communicationmarketspace.

The break-up of primary participants for the report has been shown below:
•By Company Type: Tier 1– 30%, Tier 2– 50%, and Tier 3 – 20%
•By Designation: C-level Executives– 10%, Directors– 30%, and Others – 60%
•By Region:North America–25%,APAC– 40%, Europe – 25%,and RoW – 10%

The report profiles key players in the industrial communication market with their respective market ranking analysis. Prominent players profiled in this report areCisco (US), Siemens (Germany), Rockwell Automation (US), Omron (Japan), Moxa (Taiwan), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), ABB (Switzerland), Belden (US), GE Grid Solutions (France), Advantech (Taiwan), HMS Networks (Sweden), IFM Electronic (Germany), Mitsubishi Electric (Japan), Erisccon (Sweden), Honeywell (US), FANUC (Japan), AAEON (Taiwan), Turck (US), and Bosch Rexoth (Germany).

Research Coverage:
This research report categorizes the industrial communication marketon the basis ofoffering, communication protocol, vertical, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the industrial communication market and forecasts the same till 2027 (including analysis of COVID-19 impact on the market). Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the industrial communication ecosystem.

Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1.This report segments the industrial communication market comprehensively and provides the closest market size projection for all subsegments across different regions.
2.The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3.This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product launches, deals, and expansions.
4.The analysis of the top 21 companies, based on the strength of the market rank as well asthe product footprint will help stakeholders visualize the market positioning of these key players.
Table of Contents

1INTRODUCTION21
1.1STUDY OBJECTIVES21
1.2DEFINITION21
1.2.1INCLUSIONS AND EXCLUSIONS22
1.3STUDY SCOPE23
1.3.1MARKETS COVERED23
FIGURE 1INDUSTRIAL COMMUNICATION MARKET SEGMENTATION23
1.3.2GEOGRAPHIC SCOPE24
1.3.3YEARS CONSIDERED24
1.4CURRENCY25
1.5LIMITATIONS25
1.6STAKEHOLDERS26
1.7SUMMARY OF CHANGES26
2RESEARCH METHODOLOGY27
2.1RESEARCH DATA27
FIGURE 2INDUSTRIAL COMMUNICATION MARKET: RESEARCH DESIGN27
2.1.1SECONDARY AND PRIMARY RESEARCH29
FIGURE 3RESEARCH APPROACH29
2.1.2SECONDARY DATA30
TABLE 1LIST OF SECONDARY SOURCES30
2.1.2.1Key secondary sources30
2.1.3PRIMARY DATA31
2.1.3.1Primary interviews with experts31
2.1.3.2Key industry insights32
2.1.3.3Breakdown of primaries32
2.2MARKET SIZE ESTIMATION33
2.2.1BOTTOM-UP APPROACH33
2.2.1.1Approach for arriving at market size using bottom-up analysis33
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH34
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 2): BOTTOM-UP (SUPPLY-SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES FROM SALES OF INDUSTRIAL COMMUNICATION PRODUCTS AND SOLUTIONS34
2.2.2TOP-DOWN APPROACH35
2.2.2.1Approach for capturing market size using top-down analysis35
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH35
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 1): TOP-DOWN (SUPPLY SIDE)—REVENUE GENERATED FROM INDUSTRIAL COMMUNICATION PRODUCTS AND SOLUTIONS SALES35
2.3MARKET BREAKDOWN AND DATA TRIANGULATION36
FIGURE 8DATA TRIANGULATION36
2.4RESEARCH ASSUMPTIONS37
2.5RISK ASSESSMENTS38
TABLE 2LIMITATIONS AND ASSOCIATED RISKS38
2.6LIMITATIONS38
3EXECUTIVE SUMMARY39
3.1GROWTH RATE ASSUMPTIONS/GROWTH FORECAST39
TABLE 3MARKET GROWTH ASSUMPTIONS OVER THE YEARS39
TABLE 4INDUSTRIAL COMMUNICATION MARKET, 2018–2021 (USD BILLION)40
TABLE 5INDUSTRIAL COMMUNICATION MARKET, 2022–2027 (USD BILLION)40
FIGURE 9EFFECT OF COVID-19 ON INDUSTRIAL COMMUNICATION MARKET41
3.2POST-COVID-19 SCENARIO41
TABLE 6POST-COVID-19 SCENARIO: INDUSTRIAL COMMUNICATION MARKET,
2022–2027 (USD BILLION)41
3.3OPTIMISTIC SCENARIO (POST-COVID-19)41
TABLE 7OPTIMISTIC SCENARIO (POST-COVID-19): INDUSTRIAL COMMUNICATION MARKET, 2022–2027 (USD BILLION)41
3.4PESSIMISTIC SCENARIO (POST-COVID-19)41
TABLE 8PESSIMISTIC SCENARIO (POST-COVID-19): INDUSTRIAL COMMUNICATION MARKET, 2022–2027 (USD BILLION)41
3.4.1PRE-COVID-1942
3.4.2POST-COVID-1942
3.4.3INDUSTRIAL IMPACT42
3.4.4REGIONAL IMPACT43
FIGURE 10WATER & WASTEWATER MANAGEMENT SEGMENT TO EXHIBIT HIGHEST CAGR IN INDUSTRIAL COMMUNICATION MARKET FROM 2022 TO 202743
FIGURE 11ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL COMMUNICATION MARKET IN 202244
4PREMIUM INSIGHTS45
4.1ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL COMMUNICATION MARKET45
FIGURE 12INCREASING DEMAND FOR INDUSTRIAL COMMUNICATION SOLUTIONS IN WATER & WASTEWATER MANAGEMENT TO DRIVE MARKET GROWTH DURING FORECAST PERIOD45
4.2INDUSTRIAL COMMUNICATION MARKET, BY OFFERING46
FIGURE 13INDUSTRIAL COMMUNICATION SERVICES MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD46
4.3INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL
AND VERTICAL46
FIGURE 14INDUSTRIAL ETHERNET SEGMENT AND AUTOMOTIVE VERTICAL TO HOLD LARGEST SIZE OF GLOBAL INDUSTRIAL COMMUNICATION MARKET IN 202246
4.4INDUSTRIAL COMMUNICATION MARKET, BY GEOGRAPHY47
FIGURE 15INDUSTRIAL COMMUNICATION MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD47
5MARKET OVERVIEW48
5.1INTRODUCTION48
5.2MARKET DYNAMICS48
FIGURE 16INDUSTRIAL COMMUNICATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES48
5.2.1DRIVERS49
FIGURE 17INDUSTRIAL COMMUNICATION MARKET DRIVERS AND THEIR IMPACT49
5.2.1.1Growing need for scalable, faster, reliable, and interoperable communication protocols49
5.2.1.1.1Recent developments50
5.2.1.2Increasing use of digital twin to safely monitor smart manufacturing operations50
5.2.1.2.1Recent developments50
5.2.1.3Increasing use of machine-to-machine communication technology51
5.2.1.3.1Recent developments51
5.2.1.4Initiatives undertaken by governments of different countries to promote adoption of industrial automation51
5.2.1.4.1Recent developments52
FIGURE 18ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS, BY COUNTRY, 2020 (THOUSAND UNITS)52
5.2.2RESTRAINTS53
FIGURE 19INDUSTRIAL COMMUNICATION MARKET RESTRAINT AND ITS IMPACT53
5.2.2.1Absence of standardization in industrial communication protocols and interfaces53
5.2.3OPPORTUNITIES54
FIGURE 20INDUSTRIAL COMMUNICATION MARKET OPPORTUNITIES AND THEIR IMPACT54
5.2.3.15G is offering lucrative opportunities for growth of Industrial IoT54
5.2.3.1.1Recent developments54
5.2.3.2Upsurge in demand for wireless networks54
5.2.4CHALLENGES55
FIGURE 21INDUSTRIAL COMMUNICATION MARKET CHALLENGES AND THEIR IMPACT55
5.2.4.1Threats related to cybersecurity55
5.2.4.2Harsh field site conditions such as high-voltage transients, severe shocks and vibrations, and extremely high temperatures55
5.3VALUE CHAIN ANALYSIS56
FIGURE 22VALUE CHAIN ANALYSIS OF INDUSTRIAL COMMUNICATION MARKET56
5.3.1RESEARCH & DEVELOPMENT57
5.3.2COMPONENT MANUFACTURERS/ODMS57
5.3.3SYSTEM INTEGRATORS/SOLUTIONS PROVIDERS57
5.3.4MARKETING AND SALES57
5.3.5POST-SALES SERVICES57
5.3.6END-USER INDUSTRIES57
5.4TARIFF REGULATORY BODIES58
5.4.1ETHERCAT TECHNOLOGY GROUP (ETG)58
5.4.2INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC)58
5.4.3IEEE58
5.4.4INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)58
5.4.5PROFIBUS USER ORGANIZATION (PNO)58
5.5TECHNOLOGY ANALYSIS58
5.5.1NEAR-FIELD COMMUNICATION (NFC)59
5.5.2TIME-SENSITIVE NETWORKING (TSN)59
5.5.3OPEN PLATFORM COMMUNICATION UNIFIED ARCHITECTURE (OPC UA)59
5.5.4VIRTUALIZATION59
5.5.5ADOPTION OF ETHERNET59
5.6USE CASES ANALYSIS60
5.6.1ADVANTECH’S EDGE SOLUTIONS TO ENABLE REAL-TIME OIL TANKER MONITORING60
5.6.2PULP MOLDING EQUIPMENT MANUFACTURER IMPLEMENTED ROCKWELL AUTOMATION’S SOLUTIONS60
5.6.3OSSID IMPROVES MACHINERY RELIABILITY AND PERFORMANCE USING MITSUBISHI ELECTRIC’S AUTOMATION PORTFOLIO60
5.6.4ADVANTECH PROVIDED WISE-PAAS END-TO-CLOUD IOT TOTAL SOLUTION FOR REMOTE VIDEO SURVEILLANCE AND DEVICE STATUS MONITORING AND CONTROL FOR AUTOMOTIVE INSPECTION CENTER61
5.6.5OPTIMA CONTROL SOLUTIONS (UK) AND ROCKWELL AUTOMATION (US) PROVIDED AN AUTOMATED MONITORING SOLUTION TO A BISCUIT MANUFACTURER61
5.6.6ADVANTECH (TAIWAN) PROVIDED A PLANT MONITORING SOLUTION FOR A WIND POWER PLANT61
5.7INDUSTRIAL COMMUNICATION ECOSYSTEM62
FIGURE 23INDUSTRIAL COMMUNICATION MARKET ECOSYSTEM62
5.8AVERAGE SELLING PRICE TRENDS62
TABLE 9PRICING ANALYSIS62
5.9NOTICEABLE PATENTS63
TABLE 10SOME PATENTS RELATED TO INDUSTRIAL COMMUNICATION63
6INDUSTRIAL COMMUNICATION MARKET, BY OFFERING64
6.1INTRODUCTION65
FIGURE 24INDUSTRIAL COMMUNICATION MARKET, BY OFFERING65
FIGURE 25COMPONENTS TO CONTINUE TO ACCOUNT FOR LARGER SIZE OF INDUSTRIAL COMMUNICATION MARKET DURING 2022–202765
TABLE 11INDUSTRIAL COMMUNICATION MARKET, BY OFFERING,
2018–2021 (USD BILLION)66
TABLE 12INDUSTRIAL COMMUNICATION MARKET, BY OFFERING,
2022–2027 (USD BILLION)66
6.2COMPONENTS67
TABLE 13INDUSTRIAL COMMUNICATION MARKET, BY COMPONENT,
2018–2021 (USD MILLION)67
TABLE 14INDUSTRIAL COMMUNICATION MARKET, BY COMPONENT,
2022–2027 (USD MILLION)67
6.2.1SWITCHES68
6.2.1.1Switches are used to build network connections between different interconnected computers68
6.2.2GATEWAYS68
6.2.2.1Gateways are common connection points for regulating traffic between networks68
6.2.3ROUTERS & WAP68
6.2.3.1Routers examine destination IP address of data packets and use headers and forwarding tables to decide mode of packet transfer68
6.2.4CONTROLLERS & CONNECTORS69
6.2.4.1Ethernet controllers are widely popular controllers used in industrial communication69
6.2.5COMMUNICATION INTERFACES & CONVERTERS69
6.2.5.1Communication interfaces help in communicating with different network devices using certain protocols69
6.2.6POWER SUPPLY DEVICES69
6.2.6.1Power Management Integrated Circuits (pmics) are useful in communication power management69
6.2.7OTHERS70
6.2.7.1Other subcomponents include clocks, repeaters, isolators,
LED displays, and cables70
6.3SOFTWARE70
6.3.1NETWORKING MANAGEMENT SOFTWARE OPTIMIZE NETWORK EFFICIENCY AND MINIMIZE TOTAL COST OF OWNERSHIP70
6.4SERVICES71
6.4.1INDUSTRIAL COMMUNICATION SERVICES MAINLY INCLUDE INSTALLATION, NETWORK SECURITY, AND NETWORK MONITORING SERVICES71
7INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL72
7.1INTRODUCTION73
FIGURE 26INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL73
FIGURE 27INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS COMMUNICATION PROTOCOL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD74
TABLE 15INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL, 2018–2021 (USD BILLION)74
TABLE 16INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL, 2022–2027 (USD BILLION)74
7.2FIELDBUS75
7.2.1FIELDBUS CAN WORK ON MULTIPLE TOPOLOGIES, SUCH AS STAR, RING, BRANCH, AND TREE75
TABLE 17INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS, BY REGION,
2018–2021 (USD MILLION)75
TABLE 18INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS, BY REGION,
2022–2027 (USD MILLION)76
TABLE 19NDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)76
TABLE 20INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)76
TABLE 21INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN EUROPE,
BY COUNTRY, 2018–2021 (USD BILLION)77
TABLE 22INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN EUROPE,
BY COUNTRY, 2022–2027 (USD MILLION)77
TABLE 23INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN ASIA PACIFIC,
BY COUNTRY, 2018–2021 (USD MILLION)77
TABLE 24INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN ASIA PACIFIC,
BY COUNTRY, 2022–2027 (USD MILLION)78
TABLE 25INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN ROW, BY REGION, 2018–2021 (USD MILLION)78
TABLE 26INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN ROW, BY REGION, 2022–2027 (USD MILLION)78
7.2.2PROFIBUS79
7.2.2.1PROFIBUS links automation systems and controllers with decentralized field devices79
7.2.3MODBUS79
7.2.3.1Modbus can run over different communication media, including wired media, wireless media, and optical networks79
7.2.4CC-LINK79
7.2.4.1CC-Link is an open industrial network protocol that integrates system control and communication79
7.2.5DEVICENET80
7.2.5.1Devicenet facilitates communication between field-level and high-level devices80
7.2.6CANOPEN80
7.2.6.1Canopen is a high-level communication protocol based on CAN protocol80
7.2.7OTHERS80
7.3INDUSTRIAL ETHERNET81
7.3.1INDUSTRIAL ETHERNET PROVIDES HIGH-SPEED CONNECTION BETWEEN COMMUNICATION NODES81
TABLE 27INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET,
BY REGION, 2018–2021 (USD MILLION)81
TABLE 28INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET,
BY REGION, 2022–2027 (USD MILLION)81
TABLE 29INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)82
TABLE 30INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)82
TABLE 31INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)82
TABLE 32INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)83
TABLE 33INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET
IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)83
TABLE 34INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET
IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)83
TABLE 35INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN ROW, BY REGION, 2018–2021 (USD MILLION)84
TABLE 36INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN ROW, BY REGION, 2022–2027 (USD MILLION)84
7.3.2PROFINET84
7.3.2.1PROFINET supplements existing PROFIBUS technologies by providing faster data communication84
7.3.3ETHERNET/IP84
7.3.3.1Ethernet/IP is widely used in hybrid and process industries84
7.3.4ETHERCAT85
7.3.4.1Ethercat is specifically designed for fast control demand applications85
7.3.5MODBUS-TCP85
7.3.5.1MODBUS-TCP offers high level of interoperability for industrial communication network devices85
7.3.6POWERLINK85
7.3.6.1Ethernet Powerlink enables transfer of time-critical data in short duration85
7.3.7SERCOS III85
7.3.7.1SERCOS III provides low latency data transfer85
7.3.8CC-LINK IE86
7.3.8.1CC-Link IE supports flexible wiring topologies, such as star, ring,
and line configuration86
7.4WIRELESS86
7.4.1WIRELESS COMMUNICATION OFFERS HIGH BANDWIDTH FOR COMPLEX LOGISTICS AND PRODUCTION PROCESSES86
TABLE 37INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL,
BY REGION, 2018–2021 (USD MILLION)86
TABLE 38INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL,
BY REGION, 2022–2027 (USD MILLION)87
TABLE 39INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL
IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)87
TABLE 40INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL
IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)87
TABLE 41INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)88
TABLE 42INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)88
TABLE 43INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)88
TABLE 44INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)89
TABLE 45INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL IN ROW, BY REGION, 2018–2021 (USD MILLION)89
TABLE 46INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS PROTOCOL IN ROW, BY REGION, 2022–2027 (USD MILLION)89
7.4.2WLAN90
7.4.2.1WLAN provides wide area coverage and faster communication90
7.4.3ISA100.11A90
7.4.3.1ISA 100 operates in 2.4 MHz frequency range and can support up to 15 channels90
7.4.4CELLULAR90
7.4.4.1Cellular networks are ideal for IIot applications that require operations over long distances90
7.4.5ZIGBEE91
7.4.5.1Zigbee offers easy network expansion, low power consumption,
good coverage area, and reliable network structure91
7.4.6WHART91
7.4.6.1WHART is an open industry standard designed for particular wireless communication requirements91
7.4.7OTHERS91
8INDUSTRIAL COMMUNICATION MARKET, BY VERTICAL92
8.1INTRODUCTION93
FIGURE 28INDUSTRIAL COMMUNICATION MARKET, BY VERTICAL93
FIGURE 29AUTOMOTIVE TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL COMMUNICATION MARKET DURING 2022–202794
TABLE 47INDUSTRIAL COMMUNICATION MARKET, BY VERTICAL,
2018–2021 (USD MILLION)95
TABLE 48INDUSTRIAL COMMUNICATION MARKET, BY VERTICAL,
2022–2027 (USD MILLION)95
8.2AUTOMOTIVE96
8.2.1INCREASING PENETRATION OF INDUSTRIAL COMMUNICATION SOLUTIONS IN AUTOMOTIVE MANUFACTURING96
8.3ELECTRICAL & ELECTRONICS97
8.3.1INDUSTRIAL COMMUNICATION SOLUTIONS AID IN REDUCING DOWNTIME FOR ELECTRONICS MANUFACTURING97
8.4AEROSPACE & DEFENSE98
8.4.1RISING DEPLOYMENT OF INDUSTRIAL COMMUNICATION SOLUTIONS IN AEROSPACE & DEFENSE INDUSTRY TO ENSURE EFFECTIVE MANUFACTURING PROCESSES98
8.5OIL & GAS99
8.5.1INCREASING OFFSHORE OIL & GAS ACTIVITIES ARE LEADING TO RISING ADOPTION OF AUTOMATION SOLUTIONS99
8.6CHEMICALS & FERTILIZERS99
8.6.1INDUSTRIAL COMMUNICATION SOLUTIONS HELP IN ENSURING HIGH SAFETY LEVELS REQUIRED IN CHEMICAL INDUSTRY99
8.7FOOD & BEVERAGES100
8.7.1RAPID PENETRATION OF AUTOMATION IN FOOD & BEVERAGES INDUSTRY TO DRIVE DEMAND FOR INDUSTRIAL COMMUNICATION SOLUTIONS100
8.8PHARMACEUTICALS & MEDICAL DEVICES101
8.8.1PHARMACEUTICAL INDUSTRY IS EVOLVING THROUGH ADOPTION OF AUTOMATION AND SENSING TECHNOLOGIES101
8.9ENERGY & POWER102
8.9.1COMMUNICATION NETWORKS ARE ESSENTIAL FOR DATA RETRIEVAL IN ENERGY & POWER PLANTS102
8.10METALS & MINING102
8.10.1COMMUNICATION SOLUTIONS WILL AID IN ENSURING WORKER SAFETY IN MINING INDUSTRY102
8.11ENGINEERING/FABRICATION103
8.11.1NETWORKING TECHNOLOGIES ENSURE CONSISTENT, UNINTERRUPTED CONNECTIVITY FOR WORKERS IN FABRICATION PLANTS103
8.12WATER & WASTEWATER MANAGEMENT103
8.12.1LOW-COST, LOW-POWER SENSORS AND EDGE-COMPUTING DEVICES INCREASE EFFICIENCY IN WATER & WASTEWATER MANAGEMENT103
8.13OTHERS104
8.13.1INCORPORATION OF INDUSTRIAL COMMUNICATION SOLUTIONS TO ENHANCE PRODUCTIVITY IN PAPER & PULP INDUSTRY104
9INDUSTRIAL COMMUNICATION MARKET, BY GEOGRAPHY105
9.1INTRODUCTION106
FIGURE 30INDUSTRIAL COMMUNICATION MARKET IN CHINA TO WITNESS HIGHEST CAGR DURING 2022–2027106
TABLE 49INDUSTRIAL COMMUNICATION MARKET, BY REGION,
2018–2021 (USD BILLION)107
TABLE 50INDUSTRIAL COMMUNICATION MARKET, BY REGION,
2022–2027 (USD BILLION)107
9.2NORTH AMERICA107
FIGURE 31NORTH AMERICA: INDUSTRIAL COMMUNICATION MARKET SNAPSHOT108
9.2.1US109
9.2.1.1Ideal environment for innovation in us has facilitated massive advancements in industrial communication109
9.2.2CANADA109
9.2.2.1Growing investments in process and discrete industries to contribute to market growth109
9.2.3MEXICO110
9.2.3.1Mexico is evolving as major industrial hub in North America110
9.3EUROPE110
FIGURE 32EUROPE: INDUSTRIAL COMMUNICATION MARKET SNAPSHOT111
9.3.1UK112
9.3.1.1Increasing adoption of automation to fuel growth of industrial communication market in UK112
9.3.2GERMANY112
9.3.2.1Growing demand for industrial communication solutions in automotive industry112
9.3.3FRANCE112
9.3.3.1Government initiatives promote adoption of industrial communication solutions in France112
9.3.4SPAIN113
9.3.4.1Market growth in Spain is driven by automotive industry113
9.3.5ITALY113
9.3.5.1Smart factories in Italy fuel growth of industrial communication market113
9.3.6REST OF EUROPE113
9.3.6.1Increasing demand for industrial communication solutions in petroleum and mining industry113
9.4ASIA PACIFIC114
FIGURE 33ASIA PACIFIC: INDUSTRIAL COMMUNICATION MARKET SNAPSHOT115
9.4.1CHINA116
9.4.1.1Surging use of industrial communication solutions in automotive industry of China116
9.4.2JAPAN116
9.4.2.1Ongoing technological developments in different industries are leading to deployment of advanced and highly precise automation solutions116
9.4.3INDIA116
9.4.3.1Increasing government investments in industrial automation to propel the market growth116
9.4.4SOUTH KOREA117
9.4.4.1South Korea is among the globally leading manufacturers of robots117
9.4.5REST OF ASIA PACIFIC117
9.4.5.1Government initiatives to encourage smart manufacturing to fuel market growth117
9.5REST OF THE WORLD (ROW)118
FIGURE 34ROW: INDUSTRIAL COMMUNICATION MARKET SNAPSHOT118
9.5.1LATIN AMERICA119
9.5.1.1Rising deployment of factory automation solutions in different industries in Latin America119
9.5.2MIDDLE EAST & AFRICA119
9.5.2.1Increasing adoption of automation solutions in oil & gas industry of Middle East119
10COMPETITIVE LANDSCAPE120
10.1KEY PLAYER STRATEGIES/RIGHT TO WIN120
FIGURE 35STRATEGIES ADOPTED BY TOP 5 PLAYERS IN THE MARKET120
10.2OVERVIEW121
10.3TOP 5 COMPANY ANALYSIS121
FIGURE 36REVENUE ANALYSIS OF TOP 5 COMPANIES IN INDUSTRIAL COMMUNICATION MARKET, 2019–2021121
10.4MARKET SHARE ANALYSIS (2021)121
TABLE 51INDUSTRIAL COMMUNICATION MARKET: MARKET SHARE ANALYSIS122
10.5COMPANY EVALUATION QUADRANT, 2021123
10.5.1STAR123
10.5.2PERVASIVE123
10.5.3EMERGING LEADER123
10.5.4PARTICIPANT123
FIGURE 37INDUSTRIAL COMMUNICATION MARKET COMPANY EVALUATION QUADRANT, 2021124
10.6COMPETITIVE SCENARIO125
TABLE 52INDUSTRIAL COMMUNICATION MARKET: PRODUCT LAUNCHES, MARCH 2019−MAY 2022125
TABLE 53INDUSTRIAL COMMUNICATION MARKET: DEALS, MARCH 2019−MAY 2022126
11COMPANY PROFILES128
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
11.1KEY PLAYERS128
11.1.1CISCO128
TABLE 54CISCO: BUSINESS OVERVIEW128
FIGURE 38CISCO SYSTEMS: COMPANY SNAPSHOT129
TABLE 55CISCO: PRODUCTS OFFERED130
TABLE 56CISCO: PRODUCT LAUNCHES131
TABLE 57CISCO: DEALS131
11.1.2SIEMENS133
TABLE 58SIEMENS: BUSINESS OVERVIEW133
FIGURE 39SIEMENS: COMPANY SNAPSHOT134
TABLE 59SIEMENS: PRODUCTS OFFERED134
TABLE 60SIEMENS: PRODUCT LAUNCHES135
11.1.3ROCKWELL AUTOMATION136
TABLE 61ROCKWELL AUTOMATION: BUSINESS OVERVIEW136
FIGURE 40ROCKWELL AUTOMATION: COMPANY SNAPSHOT137
TABLE 62ROCKWELL AUTOMATION: PRODUCTS OFFERED137
TABLE 63ROCKWELL AUTOMATION: PRODUCT LAUNCHES138
TABLE 64ROCKWELL AUTOMATION: DEALS138
11.1.4OMRON140
TABLE 65OMRON: BUSINESS OVERVIEW140
FIGURE 41OMRON: COMPANY SNAPSHOT141
TABLE 66OMRON: PRODUCTS OFFERED142
TABLE 67OMRON: PRODUCT LAUNCHES143
TABLE 68OMRON: DEALS143
11.1.5MOXA145
TABLE 69MOXA: BUSINESS OVERVIEW145
TABLE 70MOXA: PRODUCTS OFFERED145
TABLE 71MOXA: PRODUCT LAUNCHES146
TABLE 72MOXA: DEALS147
11.1.6HUAWEI TECHNOLOGIES148
TABLE 73HUAWEI TECHNOLOGIES: BUSINESS OVERVIEW148
FIGURE 42HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT149
TABLE 74HUAWEI TECHNOLOGIES: PRODUCTS OFFERED149
TABLE 75HUAWEI TECHNOLOGIES: PRODUCT LAUNCHES150
TABLE 76HUAWEI TECHNOLOGIES: DEALS151
11.1.7SICK152
TABLE 77SICK: BUSINESS OVERVIEW152
FIGURE 43SICK: COMPANY SNAPSHOT153
TABLE 78SICK: PRODUCTS OFFERED153
TABLE 79SICK: PRODUCT LAUNCH154
TABLE 80SICK: DEALS154
11.1.8SCHNEIDER ELECTRIC155
TABLE 81SCHNEIDER ELECTRIC: BUSINESS OVERVIEW155
FIGURE 44SCHNEIDER ELECTRIC: COMPANY SNAPSHOT156
TABLE 82SCHNEIDER ELECTRIC: PRODUCTS OFFERED156
TABLE 83SCHNEIDER ELECTRIC: DEALS157
11.1.9ABB158
TABLE 84ABB: BUSINESS OVERVIEW158
FIGURE 45ABB: COMPANY SNAPSHOT159
TABLE 85ABB: PRODUCTS OFFERED159
TABLE 86ABB: DEALS160
11.1.10BELDEN161
TABLE 87BELDEN: BUSINESS OVERVIEW161
FIGURE 46BELDEN: COMPANY SNAPSHOT162
TABLE 88BELDEN: PRODUCTS OFFERED163
TABLE 89BELDEN: PRODUCT LAUNCHES164
TABLE 90BELDEN: DEALS164
11.1.11GE GRID SOLUTIONS166
TABLE 91GE GRID SOLUTIONS: BUSINESS OVERVIEW166
TABLE 92GE GRID SOLUTIONS: PRODUCTS OFFERED166
11.1.12ADVANTECH167
TABLE 93ADVANTECH: BUSINESS OVERVIEW167
FIGURE 47ADVANTECH: COMPANY SNAPSHOT168
TABLE 94ADVANTECH: PRODUCTS OFFERED169
TABLE 95ADVANTECH: PRODUCT LAUNCH169
TABLE 96ADVANTECH: DEALS170
11.1.13HMS NETWORKS171
TABLE 97HMS NETWORKS: BUSINESS OVERVIEW171
FIGURE 48HMS NETWORKS: COMPANY SNAPSHOT172
TABLE 98HMS NETWORKS: PRODUCTS OFFERED172
TABLE 99HMS NETWORKS: PRODUCT LAUNCH173
TABLE 100HMS NETWORKS: DEALS173
11.1.14IFM ELECTRONIC175
TABLE 101IFM ELECTRONIC: BUSINESS OVERVIEW175
TABLE 102IFM ELECTRONIC: PRODUCTS OFFERED175
TABLE 103IFM ELECTRONIC: DEALS176
11.1.15MITSUBISHI ELECTRIC GROUP177
TABLE 104MITSUBISHI ELECTRIC: BUSINESS OVERVIEW177
FIGURE 49MITSUBISHI ELECTRIC GROUP: COMPANY SNAPSHOT178
TABLE 105MITSUBISHI ELECTRIC: PRODUCTS OFFERED179
TABLE 106MITSUBISHI ELECTRIC: PRODUCT LAUNCHES179
11.1.16ERICSSON180
TABLE 107ERICSSON: BUSINESS OVERVIEW180
FIGURE 50ERICSSON: COMPANY SNAPSHOT181
TABLE 108ERICSSON: PRODUCTS OFFERED182
TABLE 109ERICSSON: PRODUCT LAUNCHES182
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
11.2OTHER COMPANIES183
11.2.1HONEYWELL183
11.2.2FANUC184
11.2.3AAEON185
11.2.4TURCK186
11.2.5BOSCH REXROTH187
12APPENDIX188
12.1INSIGHTS OF INDUSTRY EXPERTS188
12.2DISCUSSION GUIDE188
12.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL192
12.4AVAILABLE CUSTOMIZATIONS194
12.5RELATED REPORTS194
12.6AUTHOR DETAILS195

Report Title: Industrial Communication Market by Offering (Component, Software and Services), Communication Protocol (Fieldbus, Industrial Ethernet and Wireless), Vertical (Automotive, Engineering/Fabrication) and Region - Global Forecast to 2027


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