Industrial Communication Market

Industrial Communication Market with COVID-19 impact by Offering (Components, Softwares and Services), Communication Protocol (Fieldbus, Industrial ethernet and Wireless), End-use application, and Region - Global Forecast to 2025

Report Code: SE 4645 Oct, 2020, by marketsandmarkets.com

[218 Pages Report] The industrial communication market is estimated to be valued at USD 17.3 billion in 2020 and is projected to reach USD 23.5 billion by 2025, at a CAGR of 6.3%. This estimation factors in the impact of the COVID-19 pandemic on the market. The major driving factors are growing need for scalable, faster, reliable, and interoperable communication protocols. Increase in use of digital twin to safely monitor smart manufacturing operations is also expected to drive the industrial communication market growth during the forecast period. The persistent rise in machine-to-machine communication is another key factor that is expected to propel the growth of the market.

Industrial Communication Market

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Market Dynamics

Drivers: Growing need for scalable, faster, reliable, and interoperable communication protocols

Industrial Ethernet is important for achieving complete transparency within an industrial plant, as well as between the plant and enterprise networks. A reliable communication network is the core of the Industry 4.0 concept. Both industrial automation and industrial communication networks are closely dependent on real-time operational needs. Hence, they must be able to handle information in a deterministic and redundant method. The networks must be scalable across a wide range of equipment operating on multiple different standards with a variety of interfaces. A factory system should be capable of offering faster response times, better efficiency, and greater reliability. To achieve these benefits, designers must select the best communication technology, navigate a multiprotocol environment, and cover a wide range of industrial equipment. Therefore, the need for scalable and interoperable protocols is driving industry initiatives to develop a newer set of communication products.

Increasing use of digital twin to safely monitor smart manufacturing operations

A digital twin is a virtual model of a product, process, or service. The actual product, process, or service pairs with the virtual model, allowing data analysis of the product or operation, remote monitoring of the system, and prevention of downtime. The COVID-19 crisis has brought most of the manufacturing activities to a halt. There have been disruptions in supply chains of industries, and global production has dropped considerably. For the companies using digital twin solutions, the monitoring of the bare minimum operations and manufacturing activities, wherever they have resumed with limitations, will become a driving factor for digital twins in smart manufacturing. Using a digital twin, data analysis and monitoring could be done remotely and safely from home with the help of the Internet of Things.

Increasing machine-to-machine communication

Better connectivity for smooth communication and low power requirements are the key reasons for the increased adoption of new machine-to-machine (M2M) technologies. To achieve effective M2M communication, the existing capacity of mobile networks must be able to handle billions of nodes that are expected to be deployed in the next couple of years. Currently, the network capacity is not capable of handling M2M and human-based communications, as well as their different communication patterns, including latency time. For this reason, a next-level cellular network for mobile communication, featuring hyper-connectivity and larger bandwidth (e.g., 5G), is required. The M2M communication technology will be widely used in the coming years in heavy manufacturing industries and process industries (e.g., food industry) to increase the efficiency of different processes and reduce human intervention for machines.

Initiatives undertaken by governments of different countries to promote adoption of industrial automation

The governments of different countries across the world are supporting the development of industries for ensuring the holistic development of the country. This has led to the adoption of various automation and communication components and technologies for the structural development of industries. Governments worldwide are focusing on process and discrete industries. For instance, the Government of Singapore has partnered with various associations, such as the Singapore Food Manufacturing Association (SFMA) and the Food Innovation Resource Centre, to adopt the latest automation solutions, including SCADA, PLC, DCS, robots, and cables, in the food & beverages industry.

Restraints Absence of standardization in industrial communication protocols and interfaces

Industrial equipment or devices communicate through various interfaces, technologies, and protocols. The lack of standardization in these communication interfaces and protocols may result in misrepresentation of data. The lack of standardization complicates the integration of systems and hinders the use of plug and play feature for unrelated systems. For instance, most equipment manufacturers use their proprietary interface protocols for communicating with their devices, which results in communication challenges for the devices developed by other manufacturers.

Services segment to witness highest growth in industrial communication market in coming years

Rapid changes in network infrastructure and growing adoption of IIoT have led to the adoption of cloud and virtualization. This has significantly increased the pressure on network administrators to manage the network infrastructure. Hence, manufacturing industries are outsourcing network services to ensure a better quality of network management and reduce operating costs. Also, post-COVID-19, most companies are adopting remote network monitoring services, which is expected to boost the services market during the forecast period.

Industrial Ethernet to account for largest share of industrial communication market during forecast period

The popularity and reach of Industrial Ethernet are increasing due to its features such as higher speed, increased connection distance, and the ability to connect more nodes, which is perfectly suitable for applications in process industries.

Water & wastewater to grow at highest CAGR in industrial communication market from 2020 to 2025

Water level monitoring sensors, AC drives, and controllers are the crucial components of water treatment systems, and an industrial communication network is used to facilitate communication among these devices. These factors are expected to fuel the growth of the industrial communication market for the water & wastewater end-use application during the forecast period.

APAC to have highest CAGR in industrial communication market during forecast period

APAC is a leading industrial hub for several industries, including automotive, electrical, and electronics. It is also the largest automobiles producer in the world. In APAC, countries such as China, India, and South Korea are the leading manufacturers of consumer electronics devices, 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.

Industrial Communication Market by Region

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Key Market Players

The key market players in the market are Cisco (US), Siemens (Germany), Rockwell Automation (US), OMRON (Japan), Moxa (Taiwan), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), Belden (US), Advantech (Taiwan), Mitsubishi Electric (Japan), and ABB (Switzerland).

Cisco

Cisco Systems specializes in developing Internet Protocol-based (IP-based) networking technologies. The company designs and sells a broad range of products, provides services, and delivers integrated solutions around the world to develop and connect networks that build the Internet. It operates through 5 segments: Infrastructure Platforms, Services, Applications, Security, and Others. Its service offerings include technical support services and advanced services-as-solutions, including cloud, video, mobility, security, collaboration, and analytics.

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2025

Base year

2019

Forecast period

2020–2025

Units

Value USD Billion

Segments covered

Offering, Communication protocol, and End-use application

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Cisco (US), Siemens (Germany), Rockwell Automation (US), OMRON (Japan), Moxa (Taiwan), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), Belden (US), Advantech (Taiwan), Mitsubishi Electric (Japan), and and ABB (Switzerland).

This report categorizes the industrial communication market based on offering, communication protocol, end-use application, and region.

Industrial communication market, by Offering:

  • Components
  • Switches
  • Gateways
  • Power Supply Devices
  • Routers &WAP
  • Controllers and connectors
  • Communication interface & convertor
  • Others
  • Software
  • Services

 Industrial communication market, by Communication Protocol:

  • Fieldbus
    • PROFIBUS
    • Modbus
    • CC-Link
    • DeviceNet
    • Can Open
    • Others
  • Industrial Ethernet
    • Profinet
    • EtherNet/IP
    • EtherCAT
    • Modbus-TCP
    • POWERLINK
    • SERCOS III
    • CC-Link IE
  • Wireless
    • WLAN
    • Bluetooth
    • ISA100.11a
    • Cellular
    • Zigbee
    • WHART
    • Others

Industrial communication market, by End-use application:

  • Automotive
  • Electrical & Electronics
  • Aerospace & Defense 
  • Oil & Gas
  • Water & Wastewater
  • Food & Beverages
  • Pharmaceuticals
  • Energy & Power
  • Mining & Metals
  • Chemicals & Fertilizers
  • Engineering/Fabrication
  • Others

Industrial communication market, by Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • RoW
    • South America
    • Middle East
    • Africa

Recent Developments

  • In March 2020, Airtel (India) announced its collaboration with Cisco to launch India’s largest 5G-ready, 100G IP and optical integrated network designed to enhance network availability, capacity, and scale. The deployment is part of Airtel’s initiative to build a 5G ready network that continues to serve the growing demand for high-speed data services in the country.
  • In January 2020, Cisco introduced an IoT security architecture that provides enhanced visibility across both IT and OT environments, and protects industrial processes. Cisco's new solutions enable the collection and extraction of data from the IoT edge so that the organizations can increase efficiencies to make better business decisions and accelerate digitization projects.
  • In November 2019, Siemens presented its new Grid Diagnostic Suite at the European Utility Week in Paris. The Grid Diagnostic Suite initially includes four cloud-based applications, which collect data from new or existing field devices for protection, distribution automation, and power quality. These data are stored and analyzed in the cloud.
  • In May 2019, Rockwell Automation completed the acquisition of ASEM, S.p.A., a leading provider of digital automation technologies based in Italy.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 Study Objectives
    1.2 Market Definition and Scope
    1.3 Inclusions and Exclusions
    1.4 Study Scope
           1.4.1 Markets covered
                 FIGURE 1 Industrial communication market segmentation
           1.4.2 Years considered
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders
    1.8 Summary of Changes

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 Research Data
        FIGURE 2 Industrial communication market: Research design
           2.1.1 Secondary Data
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 Primary data
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
           2.1.3 Secondary and primary research
                    2.1.3.1 Key industry insights
    2.2 Market Size Estimation
        FIGURE 3 Market size estimation methodology: Revenue of market players
           2.2.1 Bottom-up Approach
                 FIGURE 4 Industrial communication market: Bottom-up approach
           2.2.2 Top-down Approach
                 FIGURE 5 Industrial communication market: Top-down approach
    2.3 Market Breakdown and Data Triangulation
        FIGURE 6 Data triangulation
    2.4 Research Assumptions

3 EXECUTIVE SUMMARY (Page No. - 45)
  FIGURE 7 Wireless communication protocol to exhibit highest CAGR in industrial communication market from 2020 to 2025
  FIGURE 8 Industrial communication services market to grow at highest CAGR from 2020 to 2025
  FIGURE 9 Industrial communication market, by end-use application
  FIGURE 10 APAC accounted for largest share of industrial communication market in 2019

4 COVID-19 IMPACT ON INDUSTRIAL COMMUNICATION MARKET (Page No. - 49)
    4.1 Introduction
        FIGURE 11 Pre- and post-COVID-19 scenario: Industrial communication market
    4.2 Pre-COVID-19
    4.3 Post-COVID-19
    4.4 Industrial Impact
    4.5 Regional Impact

5 PREMIUM INSIGHTS (Page No. - 51)
    5.1 Attractive Opportunities in Industrial Communication Market
        FIGURE 12 Increasing demand for wireless industrial communication network will drive market growth during forecast period
    5.2 Industrial Communication Market, By Offering
        FIGURE 13 Industrial communication services market to grow at highest rate during forecast period
    5.3 Industrial Communication Market, By Communication Protocol (2020 Vs. 2025)
        FIGURE 14 Industrial Ethernet to account for largest share of Industrial communication market in 2025
    5.4 Industrial Communication Market, By End-use Application
        FIGURE 15 Water & wastewater end-use application to grow at highest CAGR during forecast period
    5.5 Industrial Communication Market, By Geography
        FIGURE 16 Industrial communication market in APAC to grow at highest CAGR during forecast period

6 MARKET OVERVIEW (Page No. - 54)
    6.1 Introduction
    6.2 Market Dynamics
        FIGURE 17 Increasing use of digital twins is a key factor driving industrial communication market
           6.2.1 Drivers
                 FIGURE 18 Industrial communication market drivers and their impact
                    6.2.1.1 Growing need for scalable, faster, reliable, and interoperable communication protocols
                    6.2.1.2 Increasing use of digital twin to safely monitor smart manufacturing operations
                    6.2.1.3 Increasing adoption of machine-to-machine communication
                    6.2.1.4 Initiatives undertaken by governments of different countries to promote adoption of industrial automation
                            FIGURE 19 Annual installation of industrial robots, by country, 2018 (Thousand Units)
           6.2.2 Restraints
                 FIGURE 20 Industrial communication market restraint and its impact
                    6.2.2.1 Absence of standardization in industrial communication protocols and interfaces
           6.2.3 Opportunities
                 FIGURE 21 Industrial communication market opportunities and their impact
                    6.2.3.1 5G would offer lucrative opportunity for growth of Industrial IoT
                    6.2.3.2 Upsurge in demand for wireless networks
           6.2.4 Challenges
                 FIGURE 22 Industrial communication market challenges and their impact
                    6.2.4.1 Threats related to cybersecurity
                    6.2.4.2 Harsh field site conditions such as high-voltage transients, severe shocks and vibrations, and extremely high temperatures
    6.3 Value Chain Analysis
        FIGURE 23 Value chain analysis of industrial communication market
    6.4 Key Participants in Industrial Communication Value Chain
           6.4.1 Research and Development
           6.4.2 Component Manufacturers and ODMs
           6.4.3 System Integrators/Solutions Providers
           6.4.4 Marketing and Sales
           6.4.5 Post-sales Services
    6.5 Tariff Regulatory Bodies
           6.5.1 EtherCAT Technology Group (ETG)
           6.5.2 International Electrotechnical Commission (IEC)
           6.5.3 IEEE
           6.5.4 International Organization for Standardization (ISO)
           6.5.5 PROFIBUS User Organization (PNO)

7 INDUSTRY TRENDS (Page No. - 62)
    7.1 Introduction
           7.1.1 Near-field Communications (NFC)
           7.1.2 Time-Sensitive Networking (TSN)
           7.1.3 Open Platform Communication Unified Architecture (OPC UA)
           7.1.4 Virtualization
           7.1.5 Adoption of Ethernet
    7.2 Use Cases
    7.3 Industrial Communication Ecosystem
        FIGURE 24 Industrial communication market ecosystem
    7.4 Average Selling Price Trends
        TABLE 1 Pricing analysis
    7.5 Some Noticeable Patents
        TABLE 2 Some of the patents related to industrial communication

8 INDUSTRIAL COMMUNICATION MARKET, BY OFFERING (Page No. - 67)
    8.1 Introduction
        FIGURE 25 Components to continue to account for larger size of industrial communication market during 2020–2025
        TABLE 3 Pre-COVID-19: Industrial communication market, by offering, 2016–2019 (USD Billion)
        TABLE 4 Post-COVID-19: Industrial communication market, by offering, 2020–2025 (USD Billion)
    8.2 Components
        TABLE 5 Pre-COVID-19: Industrial communication market, by component, 2016–2019 (USD Million)
        TABLE 6 Post-COVID-19: Industrial communication market, by component, 2020–2025 (USD Million)
        TABLE 7 Pre-COVID-19: Industrial communication market, by component, 2016–2019 (Thousand Units)
        TABLE 8 Post-COVID-19: Industrial communication market, by component, 2020–2025 (Thousand Units)
           8.2.1 Switches
                    8.2.1.1 Switches are used to build a network connection between different interconnected computers
                            TABLE 9 Pre-COVID-19: Industrial communication market, by switch type, 2016–2019 (USD Million)
                            TABLE 10 Post-COVID-19: Industrial communication market, by switch type, 2020–2025 (USD Million)
           8.2.2 Gateways
                    8.2.2.1 Gateways are primary networking devices used as a common connection point for regulating traffic between networks
           8.2.3 Routers and WAP
                    8.2.3.1 Routers examine destination IP address of data packets and use headers and forwarding tables to decide mode of packet transfer
           8.2.4 Controllers and Connectors
                    8.2.4.1 Ethernet controller is a widely popular controller used in industrial communication
           8.2.5 Communication Interfaces and Converters
                    8.2.5.1 Communication interfaces help in communicating with different network devices using certain protocols
           8.2.6 Power Supply Devices
                    8.2.6.1 Power Management Integrated Circuits (PMICs) are useful in communication power management
           8.2.7 Others
                    8.2.7.1 Other subcomponents include clocks, repeaters, isolators, LED displays, and cables
    8.3 Software
           8.3.1 Networking management software optimize network efficiency and minimize total cost of ownership
    8.4 Services
           8.4.1 Industrial communication services mainly include installation, network security, and network monitoring services

9 INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL (Page No. - 75)
    9.1 Introduction
        FIGURE 26 Industrial communication market for wireless communication protocol to grow at highest CAGR during forecast period
        TABLE 11 Pre-COVID-19: Industrial communication market, by communication protocol, 2016–2019 (USD Billion)
        TABLE 12 Post-COVID-19: Industrial communication market, by communication protocol, 2020–2025 (USD Billion)
    9.2 Fieldbus
           9.2.1 Fieldbus can work on multiple topologies, such as star, ring, branch, and tree network topologies
                 TABLE 13 Pre-COVID-19: Industrial communication market for Fieldbus, by type, 2016–2019 (USD Billion)
                 TABLE 14 Post-COVID-19: Industrial communication market for Fieldbus, by type, 2020–2025 (USD Billion)
                 TABLE 15 Pre-COVID-19: Industrial communication market for Fieldbus, by region, 2016–2019 (USD Billion)
                 TABLE 16 Post-COVID-19: Industrial communication market for Fieldbus, by region, 2020–2025 (USD Billion)
                 TABLE 17 Pre-COVID-19: Industrial communication market for Fieldbus in North America, by country, 2016–2019 (USD Million)
                 TABLE 18 Post-COVID-19: Industrial communication market for Fieldbus in North America, by country, 2020–2025 (USD Million)
                 TABLE 19 Pre-COVID-19: Industrial communication market for Fieldbus in Europe, by country, 2016–2019 (USD Billion)
                 TABLE 20 Post-COVID-19: Industrial communication market for Fieldbus in Europe, by country, 2020–2025 (USD Billion)
                 TABLE 21 Pre-COVID-19: Industrial communication market for Fieldbus in APAC, by country, 2016–2019 (USD Million)
                 TABLE 22 Post-COVID-19: Industrial communication market for Fieldbus in APAC, by country, 2020–2025 (USD Million)
                 TABLE 23 Pre-COVID-19: Industrial communication market for Fieldbus in RoW, by region, 2016–2019 (USD Million)
                 TABLE 24 Post-COVID-19: Industrial communication market for Fieldbus in RoW, by region, 2020–2025 (USD Million)
           9.2.2 PROFIBUS
                    9.2.2.1 PROFIBUS links automation systems and controllers with decentralized field devices
           9.2.3 Modbus
                    9.2.3.1 Modbus can run over almost all communication media such as wired media, wireless media, and optical networks
           9.2.4 CC-Link
                    9.2.4.1 CC-Link is an open industrial network protocol that integrates system control and communication
           9.2.5 DeviceNet
                    9.2.5.1 DeviceNet facilitates communication between field-level devices and high-level devices
           9.2.6 CaNopen
                    9.2.6.1 CANopen is a high-level communication protocol based on CAN protocol
           9.2.7 Others
    9.3 Industrial Ethernet
           9.3.1 Industrial Ethernet provides higher speed, increased connection distance, and ability to connect more nodes
                 TABLE 25 Pre-COVID-19: Industrial communication market for Industrial Ethernet, by type, 2016–2019 (USD Billion)
                 TABLE 26 Pre-COVID-19: Industrial communication for Industrial Ethernet, by type, 2020–2025 (USD Billion)
                 TABLE 27 Pre-COVID-19: Industrial communication market for Industrial Ethernet, by region, 2016–2019 (USD Billion)
                 TABLE 28 Post-COVID-19: Industrial communication market for Industrial Ethernet, by region, 2020–2025 (USD Billion)
                 TABLE 29 Pre-COVID-19: Industrial communication market for Industrial Ethernet in North America, by country, 2016–2019 (USD Billion)
                 TABLE 30 Post-COVID-19: Industrial communication market for Industrial Ethernet in North America, by country, 2020–2025 (USD Billion)
                 TABLE 31 Pre-COVID-19: Industrial communication market for Industrial Ethernet in Europe, by country, 2016–2019 (USD Billion)
                 TABLE 32 Post-COVID-19: Industrial communication market for Industrial Ethernet in Europe, by country, 2020–2025 (USD Billion)
                 TABLE 33 Pre-COVID-19: Industrial communication market for Industrial Ethernet in APAC, by country, 2016–2019 (USD Billion)
                 TABLE 34 Post-COVID-19: Industrial communication market for Industrial Ethernet in APAC, by country, 2020–2025 (USD Billion)
                 TABLE 35 Pre-COVID-19: Industrial communication market for Industrial Ethernet in RoW, by region, 2016–2019 (USD Million)
                 TABLE 36 Post-COVID-19: Industrial communication market for Industrial Ethernet in RoW, by region, 2020–2025 (USD Million)
           9.3.2 PROFINET
                    9.3.2.1 PROFINET supplements existing PROFIBUS technologies by providing faster data communication
           9.3.3 Ethernet/IP
                    9.3.3.1 Ethernet/IP is a leading industrial protocol and is widely used in hybrid and process industries
           9.3.4 EtherCAT
                    9.3.4.1 EtherCAT has been specifically designed for fast control demand applications
           9.3.5 MODBUS-TCP
                    9.3.5.1 MODBUS-TCP offers a high level of interoperability for industrial communication network devices
           9.3.6 Powerlink
                    9.3.6.1 Ethernet Powerlink enables transfer of time-critical data in short duration
           9.3.7 SERCOS III
                    9.3.7.1 SERCOS III is suitable for communications in process industries as it ensures low latency in data transfer
           9.3.8 CC-Link IE
                    9.3.8.1 CC-Link IE supports flexible wiring topologies, such as star, ring, and line configuration
    9.4 Wireless
           9.4.1 Wireless communication offers high bandwidth, which covers large area and optimizes complex logistics and production processes
                 TABLE 37 Pre-COVID-19: Industrial communication market for wireless protocol, by type, 2016–2019 (USD Billion)
                 TABLE 38 Pre-COVID-19: Industrial communication market for wireless protocol, by type, 2020–2025 (USD Billion)
                 TABLE 39 Pre-COVID-19: Industrial communication market for wireless protocol, by region, 2016–2019 (USD Million)
                 TABLE 40 Post-COVID-19: Industrial communication market for wireless protocol, by region, 2020–2025 (USD Million)
                 TABLE 41 Pre-COVID-19: Industrial communication market for wireless protocol in North America, by country, 2016–2019 (USD Million)
                 TABLE 42 Post-COVID-19: Industrial communication market for wireless protocol in North America, by country, 2020–2025 (USD Million)
                 TABLE 43 Pre-COVID-19: Industrial communication market for wireless protocol in Europe, by country, 2016–2019 (USD Million)
                 TABLE 44 Post-COVID-19: Industrial communication market for wireless protocol in Europe, by country, 2020–2025 (USD Million)
                 TABLE 45 Pre-COVID-19: Industrial communication market for wireless protocol in APAC, by country, 2016–2019 (USD Million)
                 TABLE 46 Post-COVID-19: Industrial communication market for wireless protocol in APAC, by country, 2020–2025 (USD Million)
                 TABLE 47 Pre-COVID-19: Industrial communication market for wireless protocol in RoW, by region, 2016–2019 (USD Million)
                 TABLE 48 Post-COVID-19: Industrial communication market for wireless protocol in RoW, by region, 2020–2025 (USD Million)
           9.4.2 WLAN
                    9.4.2.1 WLAN provides wide area coverage and faster communication
           9.4.3 ISA100.11A
                    9.4.3.1 ISA 100 operates in 2.4 MHz frequency range and can support up to 15 channels
           9.4.4 Cellular
                    9.4.4.1 Cellular networks can be ideal for IIoT applications that require operations over long distances
           9.4.5 Zigbee
                    9.4.5.1 Zigbee offers easy network expansion, low power consumption, good coverage area, and reliable network structure
           9.4.6 WHART
                    9.4.6.1 WHART is an open industry standard specifically designed for particular wireless communication requirements
           9.4.7 Others

10 INDUSTRIAL COMMUNICATION MARKET, BY END-USE APPLICATION (Page No. - 97)
     10.1 Introduction
          FIGURE 27 Automotive to account for largest share of industrial communication market during 2020–2025
          TABLE 49 Pre-COVID-19: Industrial communication market, by end-use application, 2016–2019 (USD Million)
          TABLE 50 Post-COVID-19: Industrial communication market, by end-use application, 2020–2025 (USD Million)
     10.2 COVID-19 Impact
     10.3 Automotive
             10.3.1 Increasing investments for implementation of smart manufacturing technologies in automobile manufacturing plants will boost adoption of industrial communication
                    TABLE 51 Pre-COVID-19: Industrial communication market for automotive, by region, 2016–2019 (USD Million)
                    TABLE 52 Post-COVID-19: Industrial communication market for automotive, by region, 2020–2025 (USD Million)
     10.4 Electrical & Electronics
             10.4.1 Industrial communication solutions help minimize downtime, run operations at full speed, and increase productivity in electrical & electronics industry
                    TABLE 53 Pre-COVID-19: Industrial communication market for electrical and electronics, by region, 2016–2019 (USD Million)
                    TABLE 54 Post-COVID-19: Industrial communication market for electrical and electronics, by region, 2020–2025 (USD Million)
     10.5 Aerospace & Defense
             10.5.1 Rising deployment of industrial communication solutions in aerospace & defense industry to ensure effective manufacturing processes
                    TABLE 55 Pre-COVID-19: Industrial communication market for aerospace & defense, by region, 2016–2019 (USD Million)
                    TABLE 56 Post-COVID-19: Industrial communication market for aerospace & defense, by region, 2020–2025 (USD Million)
     10.6 Oil & Gas
             10.6.1 Increasing offshore oil and gas activities are leading to rising adoption of automation solutions in oil & gas industry
                    TABLE 57 Pre-COVID-19: Industrial communication market for oil & gas, by region, 2016–2019 (USD Million)
                    TABLE 58 Post-COVID-19: Industrial communication market for oil & gas, by region, 2020–2025 (USD Million)
     10.7 Chemicals & Fertilizers
             10.7.1 Rising use of industrial communication in chemicals industry to upsurge safety level and increase efficiency and sustainability
                    TABLE 59 Pre-COVID-19: Industrial communication market for chemicals & fertilizers, by region, 2016–2019 (USD Million)
                    TABLE 60 Post-COVID-19: Industrial communication market for chemicals & fertilizers, by region, 2020–2025 (USD Million)
     10.8 Food & Beverages
             10.8.1 Increasing trend of automation in food & beverages industry throughout its manufacturing process to drive demand for industrial communication
                    TABLE 61 Pre-COVID-19: Industrial communication market for food & beverages, by region, 2016–2019 (USD Million)
                    TABLE 62 Post-COVID-19: Industrial communication market for food & beverages, by region, 2020–2025 (USD Million)
     10.9 Pharmaceuticals & Medical Devices
             10.9.1 Pharmaceuticals industry is evolving through adoption of automation and sensing technologies
                    TABLE 63 Pre-COVID-19: Industrial communication market for pharmaceuticals & medical devices, by region, 2016–2019 (USD Million)
                    TABLE 64 Post-COVID-19: Industrial communication market for pharmaceuticals & medical devices, by region, 2020–2025 (USD Million)
     10.10 Energy & Power
             10.10.1 Communication networks play an integral role in exchange of data and information in energy & power plants
                     TABLE 65 Pre-COVID-19: Industrial communication market for energy & power, by region, 2016–2019 (USD Million)
                     TABLE 66 Post-COVID-19: Industrial communication market for energy & power, by region, 2020–2025 (USD Million)
     10.11 Mining & Metals
             10.11.1 Surging deployment of automation in mining & metals industry for improved productivity and enhanced workforce safety
                     TABLE 67 Pre-COVID-19: Industrial communication market for mining & metals, by region, 2016–2019 (USD Million)
                     TABLE 68 Post-COVID-19: Industrial communication market for mining & metals, by region, 2020–2025 (USD Million)
     10.12 Engineering/Fabrication
             10.12.1 Networking technologies ensure consistent, uninterrupted mobile connectivity for workers in engineering and fabrication applications
                     TABLE 69 Pre-COVID-19: Industrial communication market for engineering/fabrication, by region, 2016–2019 (USD Million)
                     TABLE 70 Post-COVID-19: Industrial communication market for engineering/fabrication, by region, 2020–2025 (USD Million)
     10.13 Water & Wastewater
             10.13.1 Low-cost, low-power sensors and edge-computing devices increase efficiency in water and wastewater operations
                     TABLE 71 Pre-COVID-19: Industrial communication market for water & wastewater, by region, 2016–2019 (USD Million)
                     TABLE 72 Post-COVID-19: Industrial communication market for water & wastewater, by region, 2020–2025 (USD Million)
     10.14 Others
             10.14.1 Incorporation of advanced technologies to lead to deployment of industrial communication in paper & pulp, glass, and cement industries
                     TABLE 73 Pre-COVID-19: Industrial communication market for others, by region, 2016–2019 (USD Million)
                     TABLE 74 Post-COVID-19: Industrial communication market for others, by region, 2020–2025 (USD Million)

11 GEOGRAPHIC ANALYSIS (Page No. - 116)
     11.1 Introduction
          FIGURE 28 Industrial communication market in China to witness highest CAGR during 2020–2025
          TABLE 75 Pre-COVID-19: Industrial communication market, by region, 2016–2019 (USD Million)
          TABLE 76 Post-COVID-19: Industrial communication market, by region, 2020–2025 (USD Million)
     11.2 North America
          FIGURE 29 North America: Industrial communication market snapshot
          TABLE 77 Pre-COVID-19: Industrial communication market in North America, by country, 2016–2019 (USD Million)
          TABLE 78 Post-COVID-19: Industrial communication market in North America, by country, 2020–2025 (USD Million)
          TABLE 79 Pre-COVID-19: Industrial communication market in North America, by communication protocol, 2016–2019 (USD Million)
          TABLE 80 Post-COVID-19: Industrial communication market in North America, by communication protocol, 2020–2025 (USD Million)
          TABLE 81 Pre-COVID-19: Industrial communication market in North America, by end-use application, 2016–2019 (USD Million)
          TABLE 82 Post-COVID-19: Industrial communication market in North America, by end-use application, 2020–2025 (USD Million)
             11.2.1 US
                        11.2.1.1 Ideal environment for innovation in US has facilitated massive advancements in industrial communication
                                 TABLE 83 Pre-COVID-19: Industrial communication market in US, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 84 Post-COVID-19: Industrial communication market in US, by communication protocol, 2020–2025 (USD Million)
             11.2.2 Canada
                        11.2.2.1 Growing investments in process and discrete industries in Canada to contribute to growth of its industrial communication market
                                 TABLE 85 Pre-COVID-19: Industrial communication market in Canada, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 86 Post-COVID-19: Industrial communication market in Canada, by communication protocol, 2020–2025 (USD Million)
             11.2.3 Mexico
                        11.2.3.1 Mexico is evolving as a major industrial hub in North America
                                 TABLE 87 Pre-COVID-19: Industrial communication market in Mexico, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 88 Post-COVID-19: Industrial communication market in Mexico, by communication protocol, 2020–2025 (USD Million)
     11.3 Europe
          FIGURE 30 Europe: Industrial communication market snapshot
          TABLE 89 Pre-COVID-19: Industrial communication market in Europe, by country, 2016–2019 (USD Million)
          TABLE 90 Post-COVID-19: Industrial communication market in Europe, by country, 2020–2025 (USD Million)
          TABLE 91 Pre-COVID-19: Industrial communication market in Europe, by communication protocol, 2016–2019 (USD Million)
          TABLE 92 Post-COVID-19: Industrial communication market in Europe, by communication protocol, 2020–2025 (USD Million)
          TABLE 93 Pre-COVID-19: Industrial communication market in Europe, by end-use application, 2016–2019 (USD Million)
          TABLE 94 Post-COVID-19: Industrial communication market in Europe, by end-use application, 2020–2025 (USD Million)
             11.3.1 UK
                        11.3.1.1 Increasing adoption of automation to fuel growth of industrial communication market in UK
                                 TABLE 95 Pre-COVID-19: Industrial communication market in UK, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 96 Post-COVID-19: Industrial communication market in UK, by communication protocol, 2020–2025 (USD Million)
             11.3.2 Germany
                        11.3.2.1 Increasing technological innovations related to automotive industry to fuel growth of industrial communication market
                                 TABLE 97 Pre-COVID-19: Industrial communication market in Germany, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 98 Post-COVID-19: Industrial communication market in Germany, by communication protocol, 2020–2025 (USD Million)
             11.3.3 FRANCE
                        11.3.3.1 Government initiatives promote adoption of industrial communication solutions in France
                                 TABLE 99 Pre-COVID-19: Industrial communication market in France, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 100 Post-COVID-19: Industrial communication market in France, by communication protocol, 2020–2025 (USD Million)
             11.3.4 Spain
                        11.3.4.1 Market growth in Spain is driven by automotive industry
                                 TABLE 101 Pre-COVID-19: Industrial communication market in Spain, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 102 Post-COVID-19: Industrial communication market in Spain, by communication protocol, 2020–2025 (USD Million)
             11.3.5 Italy
                        11.3.5.1 Smart factories in Italy fuel growth of industrial communication market
                                 TABLE 103 Pre-COVID-19: Industrial communication market in Italy, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 104 Post-COVID-19: Industrial communication market in Italy, by communication protocol, 2020–2025 (USD Million)
             11.3.6 Rest of Europe
                        11.3.6.1 Active petroleum, consumer goods, and mining industries increase scope for industrial communication market
                                 TABLE 105 Pre-COVID-19: Industrial communication market in Rest of Europe, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 106 Post-COVID-19: Industrial communication market in Rest of Europe, by communication protocol, 2020–2025 (USD Million)
     11.4 APAC
          FIGURE 31 APAC: Industrial communication market snapshot
          TABLE 107 Pre-COVID-19: Industrial communication market in APAC, by country, 2016–2019 (USD Million)
          TABLE 108 Post-COVID-19: Industrial communication market in APAC, by country, 2020–2025 (USD Million)
          TABLE 109 Pre-COVID-19: Industrial communication market in APAC, by communication protocol, 2016–2019 (USD Million)
          TABLE 110 Post-COVID-19: Industrial communication market in APAC, by communication protocol, 2020–2025 (USD Million)
          TABLE 111 Pre-COVID-19: Industrial communication market in APAC, by end-use application, 2016–2019 (USD Million)
          TABLE 112 Post-COVID-19: Industrial communication market in APAC, by end-use application, 2020–2025 (USD Million)
             11.4.1 China
                        11.4.1.1 Surging use of industrial communication solutions in automotive industry of China
                                 TABLE 113 Pre-COVID-19: Industrial communication market in China, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 114 Post-COVID-19: Industrial communication market in China, by communication protocol, 2020–2025 (USD Million)
             11.4.2 Japan
                        11.4.2.1 Ongoing technological developments in different industries are leading to deployment of advanced and highly precise automation solutions
                                 TABLE 115 Pre-COVID-19: Industrial communication market in Japan, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 116 Post-COVID-19: Industrial communication market in Japan, by communication protocol, 2020–2025 (USD Million)
             11.4.3 India
                        11.4.3.1 Ongoing government initiatives for automaton of different industries to fuel growth of industrial communication market in India
                                 TABLE 117 Pre-COVID-19: Industrial communication market in India, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 118 Post-COVID-19: Industrial communication market in India, by communication protocol, 2020–2025 (USD Million)
             11.4.4 South Korea
                        11.4.4.1 South Korea is among the globally leading manufacturers of robots
                                 TABLE 119 Pre-COVID-19: Industrial communication market in South Korea, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 120 Post-COVID-19: Industrial communication market in South Korea, by communication protocol, 2020–2025 (USD Million)
             11.4.5 Rest of APAC
                        11.4.5.1 Smart manufacturing initiatives are being undertaken in Australia and Singapore to transform their manufacturing sectors
                                 TABLE 121 Pre-COVID-19: Industrial communication market in Rest of APAC, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 122 Post-COVID-19: Industrial communication market in Rest of APAC, by communication protocol, 2020–2025 (USD Million)
     11.5 Rest of the World
          FIGURE 32 RoW: Industrial communication market snapshot
          TABLE 123 Pre-COVID-19: Industrial communication market in RoW, by region, 2016–2019 (USD Million)
          TABLE 124 Post-COVID-19: Industrial communication market in RoW, by region, 2020–2025 (USD Million)
          TABLE 125 Pre-COVID-19: Industrial communication market in RoW, by communication protocol, 2016–2019 (USD Million)
          TABLE 126 Post-COVID-19: Industrial communication market in RoW, by communication protocol, 2020–2025 (USD Million)
          TABLE 127 Pre-COVID-19: Industrial communication market in RoW, by end-use application, 2016–2019 (USD Million)
          TABLE 128 Post-COVID-19: Industrial communication market in RoW, by end-use application, 2020–2025 (USD Million)
             11.5.1 South America
                        11.5.1.1 Rising deployment of factory automation solutions in different industries in South America
                                 TABLE 129 Pre-COVID-19: Industrial communication market in South America, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 130 Post-COVID-19: Industrial communication market in South America, by communication protocol, 2020–2025 (USD Million)
             11.5.2 Middle East
                        11.5.2.1 Increasing adoption of automation solutions in oil & gas industry of Middle East
                                 TABLE 131 Pre-COVID-19: Industrial communication market in Middle East, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 132 Post-COVID-19: Industrial communication market in Middle East, by communication protocol, 2020–2025 (USD Million)
             11.5.3 Africa
                        11.5.3.1 Increasing production in food & beverages, automotive, and pharmaceutical industries is driving industrial communication market
                                 TABLE 133 Pre-COVID-19: Industrial communication market in Africa, by communication protocol, 2016–2019 (USD Million)
                                 TABLE 134 Post-COVID-19: Industrial communication market in Africa, by communication protocol, 2020–2025 (USD Million)

12 COMPETITIVE LANDSCAPE (Page No. - 151)
     12.1 Market Evaluation Framework
          FIGURE 33 Companies adopted product launches/developments, expansions, and acquisitions as key growth strategies from 2018 to 2020
     12.2 Revenue Analysis of Top 5 Players
          FIGURE 34 Top 5 players in industrial communication market, 2015–2019
     12.3 Market Share Analysis, 2019
          FIGURE 35 Share of major players in industrial communication market, 2019
     12.4 Company Evaluation Quadrant
             12.4.1 Star
             12.4.2 Emerging Leader
             12.4.3 Pervasive
             12.4.4 Participant
                    FIGURE 36 Industrial communication market: Company evaluation quadrant, 2019
     12.5 Competitive Scenario
          FIGURE 37 Market evaluation framework: Product launches/developments, expansions, and acquisitions have been key growth strategies adopted by market players from 2018 to 2020
     12.6 Competitive Situations and Trends
             12.6.1 Partnerships, collaborations, and agreements
                    TABLE 135 Partnership, collaborations, and agreements, 2018–2020
             12.6.2 Product launches and developments
                    TABLE 136 Product launches and developments, 2018–2020
             12.6.3 Expansions
                    TABLE 137 Expansions, 2018–2020
             12.6.4 Acquisitions
                    TABLE 138 Acquisitions, 2018–2020

13 COMPANY PROFILES (Page No. - 162)
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 Key Players
             13.1.1 Cisco
                    FIGURE 38 Cisco Systems: Company snapshot
             13.1.2 Siemens
                    FIGURE 39 Siemens: Company snapshot
             13.1.3 Rockwell Automation
                    FIGURE 40 Rockwell Automation: Company snapshot
             13.1.4 OMRON
                    FIGURE 41 OMRON: Company snapshot
             13.1.5 Moxa
             13.1.6 Huawei Technologies
                    FIGURE 42 Huawei Technologies: Company snapshot
             13.1.7 SICK
                    FIGURE 43 SICK: Company snapshot
             13.1.8 Schneider Electric
                    FIGURE 44 Schneider Electric: Company snapshot
             13.1.9 ABB
                    FIGURE 45 ABB: Company snapshot
             13.1.10 Belden
                     FIGURE 46 Belden: Company snapshot
             13.1.11 GE Grid Solutions
             13.1.12 Advantech
                     FIGURE 47 Advantech: Company snapshot
             13.1.13 HMS Networks
                     FIGURE 48 HMS Networks: Company snapshot
             13.1.14 ifm electronic
             13.1.15 Mitsubishi Electric Group
                     FIGURE 49 Mitsubishi Electric Group: Company snapshot
             13.1.16 Ericsson
                     FIGURE 50 Ericsson: Company snapshot
     13.2 Other Companies
             13.2.1 Honeywell
             13.2.2 FANUC
             13.2.3 AAEON
             13.2.4 Hans Turck
             13.2.5 Bosch Rexroth
*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     13.3 Right to Win

14 APPENDIX (Page No. - 211)
     14.1 Discussion Guide
     14.2 Knowledge Store: MarketsandMarkets’ subscription portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details

The study involved 4 major activities in estimating the current size of the industrial communication market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the industrial communication market begins with capturing the data on revenues of the key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for the technical and commercial study of the industrial communication market. Secondary sources also include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly done to obtain key information about the industry’s supply chain, market’s value chain, total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to the industrial communication market. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the ecosystem of the industrial communication market.

Industrial Communication Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the overall size of the industrial communication market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To describe and forecast the industrial communication market, in terms of value, by offering, communication protocol, and end-use application
  • To forecast the market size, in terms of value for various segments with regard to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the industrial communication market, globally
  • To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the industrial communication market
  • To profile key players and comprehensively analyze their market position in terms of their ranking and core competencies
  • To provide a detailed competitive landscape for the market leaders
  • To analyze competitive developments such as product launches, acquisitions, and expansions in the Industrial communication market
  • To analyze the market penetration of the industrial communication market through secondary and primary research, for both pre- and post-COVID-19 scenarios

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Industrial Communication Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Industrial Communication Market

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