In accordance with this study, the Global Industrial Communication Market value registered in 2022 was close to USD 21.46 BN and is predicted to outstretch revenue by USD 36.06 BN in 2030 with a CAGR of 6.7% during the period of 2023-2030.
Communication refers to the transmission of data between two or more parties. Industrial communication can be defined as exchanging of mostly digital data or information with the help of transmission lines such as copper wires, coaxial cables, and optical fibers within the industry. Some of the types of industrial communication include IoT devices such as Fieldbus, industrial Ethernet, DeviceNet, ModNet, Modbus, ControlNet, and others.
Market Dynamics
The rising adoption of IoT devices such as Ethernet and Modbus in industrial communication for better communication within industries is augmenting the market demand for industrial communication. Moreover, increasing machine to machine communications within the industry is also pushing the market growth. On the flip side, concerns related to data security and privacy may hinder the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of industrial communication.
Market Segmentation
The study offers a decisive view of the global industrial communication market by segmenting it terms of component, protocol, and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Offering
By Communication Protocol
By Vertical
Regional Analysis
This section covers industrial communication market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global Industrial Communication market along with the individual application segment across all the prominent region.
Global Industrial Communication Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Industrial Communication market are Cisco Systems, Inc. (US), Siemens (Germany), Rockwell Automation (US). OMRON Corporation (Japan), Moxa Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SICK AG (Germany), Schneider Electric (France), ABB (Switzerland), Belden Inc. (US), GE (France), Advantech Co., Ltd (Taiwan). This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . INDUSTRIAL COMMUNICATION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Offering
3.7.2 Market Attractiveness Analysis By Communication Protocol
3.7.3 Market Attractiveness Analysis By Vertical
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL INDUSTRIAL COMMUNICATION MARKET ANALYSIS BY OFFERING
5.1 Overview by Offering
5.2 Historical and Forecast Data
5.3 Analysis by Offering
5.4 Components (Switches, Gateways, Routers & WAP, Controllers & Connectors, Communication Interfaces & Converters, Power Supply Devices, Others) Historic and Forecast Sales by Regions
5.5 Software Historic and Forecast Sales by Regions
5.6 Services Historic and Forecast Sales by Regions
6 . GLOBAL INDUSTRIAL COMMUNICATION MARKET ANALYSIS BY COMMUNICATION PROTOCOL
6.1 Overview by Communication Protocol
6.2 Historical and Forecast Data
6.3 Analysis by Communication Protocol
6.4 Fieldbus Historic and Forecast Sales by Regions
6.5 In ...
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