Industrial Ethernet Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Industrial Ethernet Market was valued at USD 10.5 billion in 2023 and is projected to grow at a CAGR of over 8% from 2024 to 2032. Key drivers include Industry 4.0 and smart manufacturing initiatives.

The International Federation of Robotics reported that the global operational stock of industrial robots reached around 3 million units in 2023, highlighting the rapid adoption of automation technologies. Industrial Ethernet networks ensure seamless connectivity and real-time communication between machines, sensors, and control systems, which is vital for smart factories. As production processes increasingly lean towards automation, the demand for high-performance Ethernet solutions has surged. These solutions handle large data volumes with minimal latency, fueling market growth.

Sectors like manufacturing, automotive, and energy prioritize automation, driving the industrial ethernet market expansion. Quick and reliable communication networks are essential for smooth industrial operations. Industrial Ethernet provides the necessary bandwidth, scalability, and real-time capabilities, making it crucial for advanced automation technologies like robotics, machine learning, and process control systems. As industries strive to enhance productivity, reduce costs, and minimize human error, the adoption of Industrial Ethernet networks is set to grow.

The overall industrial ethernet industry is segmented based on offerings, protocol, end use , and region.

The market, categorized by offerings, includes hardware, software, and services. The hardware segment is expected to surpass USD 9 billion by 2032. This segment encompasses essential components like switches, routers, network interface cards, and industrial-grade cables. These elements are vital for creating and sustaining high-speed communication networks in industrial settings. Technological advancements in hardware focus on boosting network reliability, scalability, and seamless integration with existing systems, addressing the rising demand for robust network infrastructure.

Divided by end use industry, the industrial ethernet market spans sectors like oil and gas, automotive & transportation, energy & power, chemical & fertilizer, food & beverages, electrical & electronics, aerospace & defense, among others. The automotive & transportation segment leads with the highest growth rate, boasting a CAGR of over 9.5% from 2024 to 2032. Industrial Ethernet supports advanced manufacturing systems, autonomous vehicles, and real-time diagnostics in this sector. The need for high-performance, dependable networks is evident as they enhance communication between production lines, optimize supply chain management, and adopt innovations like connected vehicles and smart transportation systems.

In 2023, North America led the global industrial ethernet market, capturing over 38% of the share. The region's dominance stems from advancements in manufacturing technologies, automotive innovations, and energy sector investments. With a robust industrial infrastructure and a commitment to Industry 4.0, North America sees rising adoption of high-speed, reliable Ethernet solutions. This growth is bolstered by substantial investments in smart factories, automation, and IoT technology integration, all aimed at boosting operational efficiency and data management across diverse sectors.

Product Code: 2437

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increased adoption of industry 4.0 and smart manufacturing
  - 3.8.1.2 Rising demand for industrial automation
  - 3.8.1.3 Expansion of industrial IoT (IIoT)
  - 3.8.1.4 Government initiatives promoting digitalization
  - 3.8.1.5 Increasing need for reliable and secure networks
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High initial costs and complexity of implementation
  - 3.8.2.2 Compatibility issues with legacy systems
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Offerings, 2021 - 2032 (USD million and Units)

5.1 Key trends
5.2 Hardware
5.3 Software
5.4 Services

Chapter 6 Market Estimates and Forecast, By Protocol, 2021 - 2032 (USD million and Units)

6.1 Key trends
6.2 EtherCAT
6.3 EtherNet/IP
6.4 PROFINET
6.5 POWERLINK
6.6 SERCOS III
6.7 CC-Link IE
6.8 Others

Chapter 7 Market Estimates and Forecast, By End-Use Industry, 2021 - 2032 (USD million and Units)

7.1 Key trends
7.2 Oil and Gas
7.3 Automotive and Transportation
7.4 Energy and Power
7.5 Chemical and Fertilizer
7.6 Food and Beverages
7.7 Electrical and Electronics
7.8 Aerospace and Defense
7.9 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million and Units)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 ABB Ltd.
9.2 Analog Devices Inc.
9.3 B and R Automation
9.4 Barta-Schoenewald, Inc.
9.5 Beckhoff Automation
9.6 Belden Inc
9.7 Cisco Systems
9.8 Eaton Corporation Public Limited Company
9.9 Hitachi Ltd.
9.10 Honeywell International Inc.
9.11 Monnit Corporation
9.12 Moxa Inc
9.13 Nexans SA
9.14 Omron Corporation
9.15 Parker Hannifin Corporation,
9.16 Physik Instrumente (PI) GmbH and Co. KG
9.17 Robert Bosch GmbH
9.18 Rockwell Automation
9.19 Schneider Electric
9.20 Siemens AG
9.21 Yaskawa Electric Corporation