In accordance with this study, the Global Industrial Communication Market value registered in 2019 was close to USD XXX BN and is predicted to outstretch revenue by USD XXX BN in 2026 with a CAGR of X.XX% during the period of 2020-2026.
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.
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.
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.
- Industrial Ethernet
- Oil and Gas
- Aerospace and Defense
- Healthcare and Medical
- Food and Beverages
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.
Europe Industrial Communication Market By Revenue (USD MN)
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 ABB Ltd., Advanced Industrial Automation Group, Emerson Electric Company, General Electric, Infineon Technologies AG, National Instruments, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, TE Connectivity Ltd., and Texas Instruments Incorporated. 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.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.