December 3, 2018 - 10:16 AM EST
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$140+ Billion Industrial Communication Market by Offering, Communication Protocol, End-Use Application and Geography - Global Forecast to 2023

Dublin, Dec. 03, 2018 (GLOBE NEWSWIRE) -- The "Industrial Communication Market by Offering, Communication Protocol, End-Use Application and Geography - Global Forecast to 2023" report has been added to's offering.

The industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion in 2018, at a CAGR of 11.14% during 2018-2023.

The market is mainly driven by the adoption of Industrial Internet of Things (IIoT) and advancement in M2M communication technology for industrial networking. The growth of Industry 4.0 practices in Europe and North America propels the implementation of industrial communication offerings. Different standards adopted by various equipment manufacturers are hindering the data collection and information generating process, and acting as a major restraint for the industrial communication market.

Automotive and transportation to hold major share of industrial communication market during forecast period

Among the end-use applications considered, automotive and transportation is the largest contributor to the overall industrial communication market by 2018. The increasing number of automotive manufacturing hubs in the world implementing advanced automation techniques for production is expected to boost the demand for industrial communication offerings. Additionally, Ethernet (IEEE 802.3) is a widely used protocol in automotive manufacturing. In the automotive industry, many processes are controlled through computers, and Ethernet is one of the most suitable protocols for computer-enabled communication.

Water and wastewater application to register highest CAGR in market during forecast period

The demand for effective industrial communication in the water and wastewater industry is on rise with the growing need to manage and increase the efficiency of the plants in response to the increasing water scarcity and complexity of water management in water utilities and plants.

Rain gauges and smart flowmeters are the most commonly used instruments in the water facilities. Water level monitoring sensors, AC drives, and controllers are crucial components of the water treatment systems, and the industrial communication network is used to facilitate communication among these devices. All these factors are expected to fuel the growth of the industrial communication market for the water and wastewater applications during the forecast period.

The industrial communication market in APAC to grow at highest CAGR during forecast period

Japan, China, and India are the major contributors to the industrial communication market in APAC. The region is a leading industrial hub for several industries including automotive, electrical, and electronics. It is the largest automobile producer in the world. Moreover, countries such as China, India, and South Korea are the leading manufacturers of consumer electronics devices in APAC, including smartphones, laptops, and gaming consoles.

The large-scale development exhibited by the emerging economies in this region with the use of advanced technologies for manufacturing is contributing to the growth of the industrial communication market. Additionally, various initiatives undertaken by governments of APAC countries to encourage the development of large and medium enterprises are also providing impetus to the industrial communication market growth.

Key Topics Covered:

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunity in Industrial Communication Market
4.2 Industrial Communication Market, By Offering
4.3 Market Share, By Region (2018 vs 2023)
4.4 Electrical and Electronics to Hold Largest Share of Industrial Communication Market in APAC By 2018
4.5 Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Growing Need for Scalable, Faster, Reliable, and Interoperable Communication Protocols Rise of Industrial Revolution 4.0 Increasing Machine-To-Machine Communication Government Initiatives to Support Industrial Automation
5.2.2 Restraints Lack of Standardization Among Equipment Manufacturers
5.2.3 Opportunities Growing Adoption of Industrial Internet of Things (IIoT) Rising Demand for Wireless Networks
5.2.4 Challenges Threats Related to Cybersecurity Harsh Field Site Conditions Such as High-Voltage Transients, Severe Shocks and Vibrations, and Extremely High Temperatures

6 Industrial Communication Market, By Offering
6.1 Introduction
6.2 Components
6.2.1 Market for Industrial Controllers and Processors to Witness Significant Growth During Forecast Period
6.2.2 Switches Rising Adoption of Ethernet Protocol to Propel the Growth of Market for Industrial Communication Switches During Forecast Period
6.2.3 Hubs, Routers, and Gateways Increasing Use of More Than One Communication Protocol in Industrial Communication to Drive Growth of Market for Gateways and Routers During Forecast Period
6.2.4 Connectors Square Subscriber Connectors (SCS), Also Standard Connectors, are More Popular in North America While Round Straight Tip (ST) Connectors are More Popular in Europe
6.2.5 Communication Interfaces Growing Market for Industrial Pcs to Drive Growth of Communication Interfaces
6.2.6 Power Supply Devices Growing Need for Efficient Battery Charging, Power-Source Selection, and Voltage Scaling in Field Devices to Propel Growth of Market for Power Supply Devices.
6.2.7 Controllers and Processors Growing Need to Control, Monitor, and Record Field-Level Data Automatically Within Industrial Communication Network Driving Market for Controllers and Processors
6.2.8 Memory Migration Toward Solid-State Drive (SSD) From Hard Disk Drive (HDD) to Drive Industrial Communication Market for Memory
6.2.9 Isolators and Convertors Increase in Use of Optical Isolators in Ethernet Industrial Communication Protocol to Drive Market for Isolators and Convertors
6.2.10 Others
6.3 Software
6.3.1 Increasing Importance of Network-Management Software With the Growing Network Complexity, to Ensure the Smooth Functioning of the Industrial Communication Network, Driving Industrial Communication Software Market
6.4 Services
6.4.1 Growing Focus Toward Comprehensive Industrial Communication Solution From Tier 1 Players to Drive Industrial Communication Services Market

7 Industrial Communication Market, By Communication Protocol
7.1 Introduction
7.2 Fieldbus
7.2.1 Foundation Fieldbus and Hart Growing Adoption in Iron and Steel, Oil and Gas, and Chemicals Industries to Drive Growth of Market for Foundation Fieldbus During Forecast Period
7.2.2 Profibus Profibus is One of the Most Widely Recognized Fieldbus Standards Worldwide
7.2.3 Modbus Ease of Use and Superior Reliability to Drive Market for Modbus Protocol
7.2.4 CC- Link Rising Adoption of CC-Link in Process Industries to Boost Market for CC-Link Communication Protocol During Forecast Period
7.2.5 Devicenet Devicenet is Low-Cost and Robust Industrial Communication Protocol Compared to Other Traditional Communication Protocols
7.2.6 Canopen Growing Use in Motion Control Application to Fuel Growth of Market for Canopen During Forecast Period
7.2.7 Interbus Significant Penetration Interbus is Attributed to Availability of Interbus Capable Hardware Offered By Tier 1 and Tier 2 Industrial Communication Equipment Vendors
7.2.8 Others
7.3 Industrial Ethernet
7.3.1 Profinet Profinet Emerged as Promising Alternative to Ethernet/IP Communication Protocol
7.3.2 Ethernet/IP Wide Use of Ethernet/IP in Range of Industries, Including Hybrid and Process Industries, Makes It One of the Prominent Industrial Protocols
7.3.3 Ethercat Ability to Connect Entire Automation Systems in Real Time Expected to Drive Market for Ethercat During the Forecast Period
7.3.4 Modbus - TCP APAC to Lead Modbus - TCP Market By 2023
7.3.5 Powerlink Automotive, Chemicals, and Mining Industries to Be Leading Contributors to Market for Powerlink Industrial Communication Protocol By 2023
7.3.6 Sercos Iii Higher Transfer and Operation Speed of Sercos Iii Compared to Many Other Ethernet Communication Protocols is Expected to Drive the Growth During Forecast Period.
7.3.7 CC-Link Ie Growing Demand in Process Automation Applications to Boost Market for CC-Link Ie During Forecast Period
7.4 Wireless
7.4.1 WLAN Ease of Installation and Use, and Improved Reliability of WLAN Systems in Industrial Application Likely to Drive WLAN Industrial Communication Market During Forecast Period
7.4.2 Isa100.11a Superior Multicasting and Efficient Routing Due to Reduced Routing Table Size Contribute to Growth of Market for Isa100.11a Communication Protocol
7.4.3 Cellular Rising Demand for Extended Network Coverage and Capacity to Accommodate Large Number of Connected Devices in Industries to Boost Cellular Industrial Communication Market During Forecast Period
7.4.4 Whart Whart Protocol is Ideal Solution for Diagnostic Information in Digital Form While Retaining Compatibility With Legacy Automation Architectures
7.4.5 Zigbee Advantages Such as Easy Network Expansion, Low Power Consumption, Good Coverage Area, and Reliable Network Structure Encourage Use of Zigbee for Large Networks
7.4.6 Others

8 Industrial Communication Market, By End-Use Application
8.1 Introduction
8.2 Automotive and Transportation
8.2.1 Intense Competition in Automotive Industry Leading to Surge in Demand for Efficient Industrial Communication to Streamline Production Processes
8.3 Electrical and Electronics
8.3.1 Shift From Fieldbus to Ethernet Communication Protocol to Propel Growth of Market for Electrical and Electronics Industries
8.4 Aerospace & Defense
8.4.1 Essentiality of Cost Optimization Through Automation and Industry 4.0 in Aerospace and Defense Industry to Raise Demand for Industrial Communication Technologies
8.5 Oil & Gas
8.5.1 Increasing Demand for Automation in Oil & Gas Industry to Propel Adoption of Advanced Industrial Communication Technologies
8.6 Chemicals and Fertilizers
8.6.1 Growing Need for Remote Diagnostics of Sensor Nodes and Actuators Boosts Adoption of Advanced Industrial Communication Technologies in Chemicals Industry
8.7 Food & Beverages
8.7.1 High Demand for Automation Technology Driven By Stringent Regulations Related to Food Quality and Safety Fuels Industrial Communication Market for Food and Beverages Industry
8.8 Pharmaceutical
8.8.1 Intense Competition, Higher Production Requirements, and Strict Regulatory Environment, Etc., to Promote Adoption of Technologically Advanced Communication Systems in Pharmaceutical Industry
8.9 Energy & Power
8.9.1 Rising Implementation of Industry 4.0 Acts as Catalyst for Growth of Market for Energy and Power Industry
8.10 Mining
8.10.1 Industrial Communication and Automation Technologies Gaining Traction in Mining Industry for Improving Safety, Increasing Production, and Reducing Operating Costs
8.11 Engineering/Fabrication
8.11.1 Ethernet Communication Protocol Likely to Surpass Share of Fieldbus Industrial Communication in Market for Engineering/Fabrication Applications By 2023
8.12 Water and Wastewater
8.12.1 Growing Adoption of New Technologies, Such as IoT and Industry 4.0, in Water and Wastewater Operations Driving More Focus Toward Use of Secure and Reliable Industrial Communication Technologies
8.13 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US Strong Government Support Have Contributed to the Large-Scale Adoption of Industrial Communication Solutions in Us
9.2.2 Canada Discrete Industries Have Been the Early Adopters of Advanced Technology-Based Industrial Communication Protocols in Canada
9.2.3 Mexico Adoption of the Automation Technology Across Various Industries Such as Chemicals and Mining is Driving the Industrial Communication Market in Mexico
9.3 Europe
9.3.1 UK Government Initiatives Towards IoT Development in UK Likely to Drive the Market
9.3.2 Germany Germany to Account for the Largest Share of European Industrial Communication Market By 2023
9.3.3 France Growing Automation in Aerospace & Defense Industry to Drive the Growth of Market in France
9.3.4 Spain Leading Stake of Automotive Industry in Spain to Accelerate the Growth of Market
9.3.5 Italy Need of Connectivity Across Industries in Italy to Drive the Growth for Market
9.3.6 Rest of Europe
9.4 APAC
9.4.1 China China to Witness the Highest Growth Rate for Industrial Communication Market During the Forecast Period
9.4.2 Japan Japan to Be Among the Top Two Countries for Market in APAC
9.4.3 India Supportive Government Plans to Drive the Demand for Industrial Communication Market in India
9.4.4 South Korea Large Install Base for Automotive and Electronics Industries in South Korea to Drive the Growth for Market
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East Growing Adoption for Automation in Oil & Gas Industry to Drive the Growth for Market
9.5.2 South America Mining Sector is A Major Growth Segment for Market in South America, With the Increased Mining Investment, Exploration, and Development
9.5.3 Africa Development of Industrial Sector is Expected to Drive the Growth of the Market in Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches/Developments
10.3.2 Partnerships/Collaborations
10.3.3 Expansions

11 Company Profiles
11.1 Key Players
11.1.1 Sick AG
11.1.2 Omron
11.1.3 Schneider Electric
11.1.4 Belden Inc.
11.1.5 Moxa Inc.
11.1.6 Siemens
11.1.7 Rockwell Automation
11.1.8 ABB
11.1.9 GE Grid Solutions, LLC
11.1.10 Cisco Systems
11.1.11 Advantech
11.1.12 Hms Industrial Networks
11.1.13 Ifm Electronic GmbH
11.1.14 Ericsson
11.1.15 Mitsubishi Electric Group
11.2 Other Companies
11.2.1 Honeywell
11.2.2 B&R Automation
11.2.3 Aaeon
11.2.4 Hans Turck GmbH & Co. Kg
11.2.5 Bosch Rexroth AG

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Related Topics: Industrial Automation 


Source: GlobeNewswire (December 3, 2018 - 10:16 AM EST)

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