The industrial Ethernet market was valued at USD 9.2 billion in 2020 and is expected to reach USD 13.7 billion by 2026. It is expected to grow at a CAGR of 7.3%
New York, April 28, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Industrial Ethernet Market with COVID-19 Impact Analysis by Offer, Protocol, End-Use Industry and Region – Global Forecast to 2026 “- https://www.reportlinker.com/p04412111/?utm_source=GNW
Growing adoption of 5G to provide a growth opportunity for market players.
Based on supply, hardware will account for the largest share between 2021 and 2026.
The hardware segment is expected to hold the largest share of the industrial Ethernet market. Devices such as IP phones and PCs are connected to the Internet to enable fast communication in industries.
Machine-to-machine (M2M) communication in the industrial environment facilitates efficient plant operations, speeds up operations and ensures increased reliability and robustness in various industries, such as automotive, transportation, aerospace and defense, pharmaceuticals and agrifood.
However, a secure and robust network is necessary to protect devices connected to the Internet against manipulation or theft of data. Such a robust application specific network can be built using network components.
The hardware segment covers the components used to build specific communication networks. Components include switches, routers, gateways, power supplies, controllers, and more.
EtherCAT will grow at the highest CAGR during the forecast period.
EtherCAT is an industrial real-time Ethernet technology, which was developed by Beckhoff Automation (Germany). It is suitable for hard and flexible real-time requirements in automation technology, test and measurement, and many other applications in the manufacturing, metal forming, and assembly systems industries.
These industries require high data integrity, secure data transfer and synchronization. EtherCAT has been specially designed for rapid control demand applications.
It can provide scalable connectivity for entire automation systems, from large PLCs to I / O and sensor level. EtherCAT is an optimized protocol for process data, using standard IEEE 802.3 Ethernet frames.
The automotive and transportation end-use industry accounted for the largest share of the Industrial Ethernet market during the forecast period
Automotive is one of the largest end-use industries for industrial Ethernet and is expected to continue to dominate the market due to the growing need for advanced automation in automotive manufacturing centers around the world. critical components of water treatment systems and an industrial Ethernet network is used to facilitate communication between these systems.
In the automotive industry, Ethernet (IEEE 802.3) is a widely used protocol. In this industry, many processes are controlled by computers and Ethernet is one of the most suitable protocols for computer aided communication. This technology is mainly used for diagnostics, machine control and factory automation, as well as for remote sensor connection. It has the capacity to handle a large amount of data traffic on a single infrastructure.
In-depth interviews were conducted with General Managers (CEOs), Marketing Directors, other Innovation and Technology Directors, and executives from various key organizations operating in the Industrial Ethernet market.
â¢ By type of company: Tier 1 – 18%, Tier 2 – 22% and Tier 3 – 60%
â¢ By designation: C-level senior executives – 21%, managers – 35% and others – 44%
â¢ By region: North America – 22%, Europe – 26%, APAC – 39% and RoW – 13%
Siemens (Germany), Rockwell Automation (United States), Cisco (United States), Belden (United States), Omron (Japan), Moxa (Taiwan), Huawei Technologies (Sweden), SICK (Germany), Schneider Electric (France) and ABB (Switzerland) are the main players in the industrial Ethernet market. These leading players have strong product and service portfolios and are present in mature and emerging markets.
The study includes an in-depth competitive analysis of these key players in the Industrial Ethernet market, with their company profiles, recent developments, and key market strategies.
The report defines, describes, and forecasts the Industrial Ethernet market based on supply, protocol, vertical usage, and geography, and provides detailed information on factors such as drivers, restraints, the opportunities and challenges influencing the growth of the industrial ethernet market.
It also analyzes competitive developments such as product launches, acquisitions, extensions, contracts, partnerships and developments made by major players to expand in the market.
Key benefits of purchasing the report
The report will help the market leaders / new entrants in this market with information on the closest approximations to the revenue figures for the entire Industrial Ethernet market and sub-segments.This report will help stakeholders to understand the landscape competitive edge and obtain more information to better position their businesses and plan appropriate marketing strategies.
The report also helps stakeholders understand the market pulse and provides them with insights into the major market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p04412111/?utm_source=GNW
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