Industrial Ethernet Market Analysis

Industrial Ethernet Market Analysis

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.
 

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.
 

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.
 

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.
 

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.
 

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.