산업용 통신 시장 : 현황 분석과 예측(2024-2032년)

Industrial communication can be defined as the flow of data and signals within an industrial system and/or between industrial systems and other systems, including machines and devices that employ specific protocols. It helps in automation, production, and control systems to monitor and operate those with enhanced efficiency and productivity. Ethernet, Fieldbus, Industrial Wireless, and Industrial Internet of Things (IIoT) are some of the protocols applied in industrial communication.

The Industrial Communication Market is expected to grow with a significant CAGR of 6.5% during the forecast period (2024-2032). This is mainly due to the desire for rapid growth, more and more companies are making mergers and acquisitions as ways to boost their capacities and shares and increase their knowledge of new technologies. The increasing installed base of smart devices and sensors in industrial segments has raised the demand for communication technologies that can process large amounts of data, connect the devices, and facilitate IoT applications such as predictive maintenance and energy management. For example, on 14 April 2023, Siemens launched Industrial Operations X, an open and interoperable portfolio for automating and operating industrial production. The new portfolio is part of Siemens Xcelerator, the open digital business platform comprising a portfolio of software and connected hardware, an ecosystem of partners, and a marketplace. Many companies are seeking major funding from venture capitalist firms to fuel research and development on new industrial communication technologies.

Based on the component, the market is segmented into hardware, services, and software. The hardware held a significant share of the market in 2023. This is mainly due to the ongoing innovations of hardware platforms that integrate high-speed Ethernet and wireless implements industries to improve their facilities considering the growing trend in data processing and real-time communications. Moreover, they offer the physical infrastructure that is required to enhance data transfer and link systems and units. Hardware development including high-performance network switches, routers, and communication interfaces helps in the establishment of enhanced industrial communication systems.

Based on the communication protocol, the market is segmented into industrial ethernet, Fieldbus, wireless, cloud, OPA/UA, and others. Industrial Ethernet held a significant share of the market in 2023. This offers high-speed, reliable, and scalable data communication for industrial automation and control systems. Moreover, it provides a larger bandwidth and, therefore, real-time data exchange, which is critical in today's manufacturing industries where fast and accurate data transfer is necessary. For instance, on July 1, 2024, Moxa launched its high-bandwidth Ethernet switch portfolio, new MRX Series Layer 3 rackmount Ethernet switches that support 64 ports with up to 16 ports of 10GbE speed to accelerate data aggregation for industrial applications, and help users build high-bandwidth network infrastructure to realize IT/OT convergence with the EDS-4000/G4000 Series Layer 2 DIN-rail Ethernet switches supporting 2.5GbE uplink options. Furthermore, global acceptance of Industrial Ethernet protocols including PROFINET, EtherNet/IP, and Modbus TCP allows integration and communication among the different devices and systems thereby minimizing time wastage in case of a system breakdown or lack of efficiency.

Based on the industry vertical, the market has been divided into automotive and transportation, aerospace & defense, food & beverages, electrical & electronics, oil and gas, chemicals and pharmaceuticals, and others. The aerospace & defense is expected to grow with a significant CAGR in the forecast period (2024-2032) owing to the increased implementation of automation, remote monitoring, and the new generation avionics systems in aerospace and defense organizations, the demand for reliable and secure industrial communication systems rises significantly. The sector's focus on incorporating high-stake communication technologies, for instance, secure satellite links, comprehensible data standards, and real-time control systems advances technology and market requirements for industrial communication solutions, enhancing the general industry growth rates.

For a better understanding of the market adoption of Industrial Communication, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is expected to grow with a significant CAGR in the forecast period (2024-2032) owing to the high growth rate of industries and enhancement of manufacturing facilities are key factors with the Asian nations especially China and India steadily growing their industrial sectors and implementing the use of new technologies. The focus on developing automation technologies and the use of smart devices across the manufacturing industry in the region is boosting the need for proper industrial communication networks. On November 21, 2023, Moxa Inc., Taiwan Taiwan-based company, a leader in industrial communications and networking, officially launched the CCG-1500 Series industrial 5G cellular gateways to help customers embrace the benefits of private 5G in industrial applications. The CCG-1500 Series gateways provide 3GPP 5G connectivity for both Ethernet and serial devices to simplify industrial private 5G deployments, such as AMR/AGV* applications in smart manufacturing and logistics, and unmanned truck fleets in mining. Furthermore, the Government's push towards digitization and encouraging new technologies provides an added boost to the market.

Some of the major players operating in the market include Siemens, Rockwell Automation, ABB, Schneider Electric, GE Vernova company, Cisco Systems, Inc., Phoenix Contact, MOXA, NXP Semiconductors, and Advantech Co., Ltd.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Industrial Communication Market
• 2.2. Research Methodology of the Industrial Communication Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL INDUSTRIAL COMMUNICATION MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY COMPONENT

• 7.1. Hardware
• 7.2. Services
• 7.3. Software

8.MARKET INSIGHTS BY COMMUNICATION PROTOCOL

• 8.1. Industrial Ethernet
• 8.2. Fieldbus
• 8.3. Wireless
• 8.4. Cloud
• 8.5. OPA/UA
• 8.6. Others

9.MARKET INSIGHTS BY INDUSTRY VERTICAL

• 9.1. Automotive and Transportation
• 9.2. Aerospace & Defense
• 9.3. Food & Beverages
• 9.4. Electrical & Electronics
• 9.5. Oil and Gas
• 9.6. Chemicals and Pharmaceuticals
• 9.7. Others

10.MARKET INSIGHTS BY REGION

• 10.1. North America
  • 10.1.1. U.S.
  • 10.1.2. Canada
  • 10.1.3. Rest of North America
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. France
  • 10.2.3. UK
  • 10.2.4. Spain
  • 10.2.5. Italy
  • 10.2.6. Rest of Europe
• 10.3. Asia-Pacific
  • 10.3.1. China
  • 10.3.2. Japan
  • 10.3.3. India
  • 10.3.4. Rest of APAC
• 10.4. Rest of the World

11.VALUE CHAIN ANALYSIS

• 11.1. List of Market Participants

12.COMPETITIVE LANDSCAPE

• 12.1. Competition Dashboard
• 12.2. Competitor Market Positioning Analysis
• 12.3. Porter Five Forces Analysis

13.COMPANY PROFILES

• 13.1. Siemens
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. SWOT Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. Rockwell Automation
• 13.3. ABB
• 13.4. Schneider Electric
• 13.5. GE Vernova company
• 13.6. Cisco Systems, Inc.
• 13.7. Phoenix Contact
• 13.8. MOXA
• 13.9. NXP Semiconductors
• 13.10. Advantech Co., Ltd.

14.ACRONYMS & ASSUMPTION

15.ANNEXURE