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Industrial Ethernet Market Size By Component (Hardware {Switches [Up to 1 Gbps, 1 – 2.5 Gbps, 2.5 – 10 Gbps, Above 10 Gbps], Hubs, Router & Gateways, Connectors, Communication Interface, Controller & Processors}, Software, Service [Integration & Testing Service, Maintenance Service]), By Protocol (Ethernet TCP/IP, Gigabit, PROFINET, Ethernet/IP, Modbus TCP/IP, Powerlink, EtherCAT, Sercos III, HSE), By Application (Automotive & Transport, Aerospace & Defense, Electrical & Electronics, Oil & Gas, Energy & Power, Chemical), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2437
  • Published Date: Sep 2021
  • Report Format: PDF

Industry Trends

Industrial Ethernet Market size surpassed USD 40 billion in 2020 and is expected to grow at over 15% CAGR from 2021 to 2027. As the automation across the industry verticals is increasing very rapidly, the requirement for an efficient communication network that connects all the components also arises. This drives the demand of industrial ethernet protocol to establish a scalable, flexible, and ubiquitous network.

Industrial Ethernet Market

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Rising adoption of industrial ethernet switches in the UK

UK Industrial Ethernet Market Revenue By Switch

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In the UK, the 1 – 2.5 Gbps switches segment is projected to garner revenues of around USD 200 million in 2021 on account of growing demand for industrial ethernet solutions with enhanced bandwidth capability. The major manufacturing companies are deploying ethernet switches with 2.5 Gbps bandwidth capability as they support higher throughput compared to traditional 1 Gbps ethernet switches. The higher throughput of these switches enables companies to deliver high-speed connectivity to end devices without much change in the infrastructure.

Ethernet TCP IP is the most widely accepted industrial ethernet protocol in China

The Ethernet TCP IP protocol held more than 35% of the industrial ethernet market share in 2020 propelled by increasing demand to facilitate equipment such as robots, sensors, PLCs, and other industrial machines. The protocol is projected to see widespread usage throughout the projected period as it allows for effective real-time exchange of time-sensitive factory/floor data in the industrial context.

Growing adoption of automation across the GCC oil & gas sector to boost industrial ethernet market demand

GCC Industrial Ethernet Market Size By Application

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The GCC oil & gas sector is forecast to register growth rate of about 10% through 2027 impelled by rising industrial automation. Although industrial automation in the region is still in the nascent stage, the region has the potential to jump to the third industrial revolution and become the world leader in Industry 4.0 or the Industrial Internet of Things. As the oil & gas industry is moving into deeper waters to address the increasing demand for resources, the need for specialized cable solutions and industrial ethernet is likely to significantly increase.

High level of industrial automation in North America to fuel market revenue

North America Industrial Ethernet Market Share by Region

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North America captured around 50% of the industrial ethernet market share in 2020 owing to a widespread adoption of robotics and an increasing industrialization across industry verticals. Canada is home to many industrial automation companies that design, manufacture, and install industrial automation and robotics equipment.

The government authorities in the country are focusing on expanding the smart grid infrastructure through significant investments. For instance, in July 2020, the government of Canada planned to invest significantly to develop smart grid infrastructures for local communities. The authority pledged USD 5.1 million to develop and deploy a smart microgrid in Ontario for the net-zero energy community, augmenting the market size.

Development of innovative industrial ethernet products is the key strategy adopted by major industry players

Some of the prominent industrial ethernet market players are ABB Ltd., Physik Instrumente (PI) GmbH & Co. KG, ACS Motion Control, Ltd., Barta-Schoenewald, Inc., BECKHOFF Automation, Belden, Inc., Robert Bosch GmbH (Bosch Rexroth AG), Cisco Systems, Inc., Eaton Corporation, Honeywell International, Inc., Innovasic Inc. (ANALOG DEVICES), Monnit Corporation (Alta Ethernet Gateway), Moxa Inc., Omron Corporation, Parker Hannifin Corporation, Rockwell Automation, Schneider Electric SE, Siemens AG, Yaskawa Electric Corporation, and Yokogawa Electric Corporation.

Companies are emphasizing on developing innovative industrial ethernet products to support several industries. For instance, in December 2020, Innovasic Inc. launched a series of quadband Voltage-Controlled Oscillators (VCOs). The launch provides wideband capabilities without compromising the phase noise performance for its customers.

This industrial ethernet market research on includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Component

  • Hardware
    • Switches
      • Up to 1Gbps
      • 1 - 2.5 Gbps
      • 2.5 - 10 Gbps
      • Above 10 Gbps
    • Hubs, Routers, and Gateways
    • Connectors
    • Communication Interfaces
    • Controllers and Processors
    • Others
  • Software
  • Service
    • Installation and Testing Service
    • Maintenance Service

Market, By Protocol

  • Ethernet TCP/IP
  • Gigabit
  • Modbus TCP/IP
  • Powerlink
  • EtherCAT
  • Sercos III
  • HSE
  • Others

Market, By Application

  • Oil & Gas
  • Aerospace & Defense
  • Energy & Power
  • Electrical & Electronics
  • Automotive & Transport
  • Chemicals
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand (ANZ)
    • South Korea
    • Singapore
    • Brazil
    • Mexico
    • Argentina
    • South Africa
    • GCC


Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

Industrial ethernet market size surpassed USD 40 billion in 2020 and is expected to grow at over 15% CAGR from 2021 to 2027, says this GMI report.

Rising demand for efficient communication network with increasing automation across various sectors will drive the growth of industrial ethernet market.

Ethernet CP IP protocol segment had captured over 35% share of industrial ethernet market share in 2020 on account of growing necessity to facilitate equipment such as robots, sensors, PLCs, etc.

North America had held around 50% of industrial ethernet market share in 2020 owing to a widespread adoption of robotics and an increasing industrialization across industry verticals in the region.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 19
  • Tables & Figures: 428
  • Countries covered: 19
  • Pages: 345

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