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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, 2023 – 2032

  • Report ID: GMI2437
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Industrial Ethernet Market size surpassed USD 50 billion in 2022 and is expected to grow at over 15% CAGR from 2023 to 2032.
 

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Ethernet has low-cost implementation and enables high-speed data transmission making it an attractive networking technology for the industrial sector. The rising penetration of innovative & automated solutions is fueling the demand for ethernet technology. Many large-scale enterprises are adopting high computing & processing devices which are then connected over a cloud infrastructure via Radio Access Network (RAN). This has resulted in the cumulative adoption of industrial ethernet to achieve industry 4.0 networking, thereby improving the market scenario.
 

Stringent standards on utilization of ethernet may restrain industry progression

Strict regulations & protocols on the implementation of ethernet are set to hamper the industrial ethernet market growth over the next ten years. Companies are required to follow a rigid set of instructions and protocols when implementing an industrial ethernet solution for successful integration of the system. These standards and conventions increase the cost of manufacturing and boost the complexity of the network, thus hindering the adoption of ethernet cables and solutions.
 

Ability to provide real-time data at faster speed to proliferate demand for up to 10 Gbps switches

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The switches hardware segment has subsegments that are bifurcated as- up to 1 Gbps, 1-2.5 Gbps, 2.5- 10 Gbps, and above 10 Gbps. The industrial ethernet switches market with 2.5-10 Gbps capacity is slated to register gains at over 15% from 2023 to 2032. The segment is foreseen to gain positive attention due to the ten times the speed of 10 gigabit compared to the traditional gigabit ethernet switches. They ensure real-time connectivity across various network devices in the manufacturing facilities with their enhanced bandwidth and resilient connectivity to external interferences such as broken connection and lag time.
 

Substantial benefits in machine integration and structuring to push hardware segment growth

The hardware segment is anticipated to hold nearly 75% of the industrial ethernet market share in 2032 as a result of the extensive adoption of industrial ethernet products such as switches, gateways, connectors, processors, and controllers. These hardware components aid in structuring networked machines and integrating them within the existing corporate network, increasing product adoption.
 

Transmission of time-critical data to accelerate PROFINET protocol segment growth

The PROFINET segment is poised to witness more than 20% growth through 2032. The PROFINET protocol provides advanced features that support the transmission of time-critical information between input/output devices as well as host computers in the industrial environment, proliferating market growth.
 

Advantageous specifications to help switches gain traction

The switches segment captured around 30% of the industrial ethernet market share in 2022 owing to the wide application of industrial Ethernet products for industrial verticals as they offer immense benefits compared to commercial switches. Specifications associated with ethernet switches including shock, temperature, and vibration comply effectively with the connected equipment such as HMI, Ethernet I/O, PLC, etc., fostering demand for Ethernet switches.
 

Applicability of Ethernet in avionics in aerospace & defense industry to define the industry landscape

The industrial ethernet demand in the aerospace & defense segment is estimated to progress at 10% growth rate between 2023 and 2032 as Ethernet technology ensures proper data transfer across different modern avionics systems equipped with advanced sensors monitored through data acquisition units.
 

Adoption of Industry 4.0 protocols to increase demand for industrial ethernet in North America

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Regionally, the North America industrial ethernet market size valued at USD 25 billion in 2022 on account of the arrival of the industry 4.0 standards in the region. Additionally, supportive government initiatives and policies are influencing the adoption and industrial automation among the manufacturing and automotive industries.
 

Company acquisitions to strengthen the industrial ethernet industry outlook

Moxa Inc., Parker Hannifin Corporation, Eaton Corporation, Rockwell Automation, ABB Ltd., Monnit Corporation (Alta Ethernet Gateway), ACS Motion Control, Ltd., Barta-Schoenewald, Inc., Schneider Electric SE, Belden, Inc., Cisco Systems, Inc., Honeywell International, Inc., Omron Corporation, Innovasic Inc., Siemens AG, and Yokogawa Electric Corporation are some of the key industrial ethernet market players. These participants engage in partnerships and collaborations with automation solution vendors to enhance their portfolio and gain prominence in the industrial automation sector
 

Impact of COVID-19 on the business trends

During the COVID-19 pandemic, the industry witnessed booming deployment of ethernet in the industrial sector. The emergence of the virus spurred business trends and augmented the adoption of industrial IoT. Meanwhile, in the post-pandemic scenario, manufacturing practices changed with the introduction of advanced technology that eases remote operations. The rising prevalence of industry 4.0 solutions has also bolstered product adoption, thereby promoting market growth.
 

This industrial ethernet market research includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, 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
  • PROFINET
  • 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
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • GCC

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of industrial ethernet surpassed USD 50 billion in 2022 and is set to progress at nearly 15% CAGR through 2032 owing to increasing investment in network infrastructure across various industries.
The aerospace & defense application segment is anticipated to record around 10% growth rate between 2023 and 2032 owing to the significant utilization of ethernet solutions in avionics communication systems.
The hardware segment is primed to clock approximately 75% of the market share by 2032 as it aids in structuring networked machines and integrating them within the existing corporate network.
The North America industrial ethernet market valued at USD 25 billion in 2022 as a result of arrival of the industry 4.0 standards in the region.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 389
  • Countries covered: 19
  • Pages: 360
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