Industrial Communication Market

Industrial Communication Market by Offering (Components, Software, and Services), Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), End-Use Application (Automotive, Oil & Gas, Food & Beverages) and Geography - Global Forecast to 2023

Report Code: SE 4645 Nov, 2018, by marketsandmarkets.com

[178 Pages Report] According to MarketsandMarkets, the industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion by 2018, at a CAGR of 11.14% during the forecast period. The study involved 4 major activities to estimate the current size of the market. Exhaustive secondary research was done to collect information on the market, including peer market and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Industrial Communication Market

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information for this study. The secondary sources include PROFIBUS & PROFINET International, Open Devicenet Vendors Association (ODVA), Industrial Ethernet Association, annual reports, press releases, and investor presentations of companies; white papers, journals and certified publications, and articles from recognized authors; and websites, directories, and databases. Secondary research has mainly been conducted to obtain key information about the industry’s supply chain and value chain, major players, market classification, and segmentation according to the industry trends to the bottommost level, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after acquiring knowledge about the industrial communication market scenario through secondary research. Several primary interviews have been conducted with market experts from both supply (manufacturers of industrial communication-related offerings) and demand (end users of industrial communication offerings) sides across 4 major regions North America, Europe, APAC, and RoW (including Latin America, the Middle East, and Africa). Approximately 30% of the primary interviews have been conducted with the demand side and 70% with the supply side. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Industrial Communication Market

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

Market Size Estimation

Both, top-down and bottom-up approaches were implemented to estimate and validate the total size of the industrial communication market. These methods were also used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry 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 market size estimation processes as explained above the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides across different end-use applications.

Study Objectives

  • To define, describe, and forecast the industrial communication market on the basis of offering, communication protocol, end-use application, and geography
  • To forecast the industrial communication market, in terms of value, for the concerned segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges, the major factors influencing the growth of the industrial communication market
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as mergers and acquisitions, expansions, product and service launches, partnerships, and agreements in the market

Report Scope

Report Metric

Details

Market size available for years

2015–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value, USD

Segments covered

Offering, communication protocol, end-use application, and region

Regions covered

North America, Europe, APAC, and RoW

Companies covered

OMRON Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), ABB LTD. (Switzerland), Rockwell Automation, Inc. (US), Advantech Co., Ltd. (Taiwan), ifm electronic gmbh (Germany), HMS Industrial Networks (Sweden), Cisco Systems, Inc. (US), Moxa Inc. (US), and Belden Inc. (US)

Industrial Communication Market Segmentation:

In this report, the industrial communication market has been segmented into the following categories:

On the basis of offering, the industrial communication market has been segmented as follows:

  • Components
    • Connectors
    • Controllers and Processors
    • Switches
    • Hubs, Routers, and Gateways
    • Power Supply Devices
    • Memory
    • Communication Interfaces
    • Isolators and Convertors
    • Others (clocks, LED displays, and cables)
  • Software
  • Services

On the basis of communication protocol, the industrial communication market has been segmented as follows:

  • Fieldbus
    • FOUNDATION Fieldbus/HART
    • PROFIBUS
    • Modbus
    • CC-Link
    • DeviceNet
    • CANopen
    • INTER-BUS 
    • Others (P-NET, SWIFTNET, and WORLDFIP)
  • Industrial Ethernet
    • PROFINET
    • EtherNet/IP
    • EtherCAT
    • Modbus-TCP
    • POWERLINK
    • SERCOS III
    • CC-Link IE
  • Wireless
    • WLAN
    • Bluetooth
    • ISA-100.11a
    • Cellular
    • ZigBee
    • WHART

On the basis of end-use application, the industrial communication market has been segmented as follows:

  • Automotive and Transportation
  • Electrical and Electronics
  • Aerospace & Defense
  • Oil & Gas
  • Water and Wastewater
  • Food & Beverages
  • Pharmaceutical
  • Energy & Power
  • Mining
  • Chemicals and Fertilizers
  • Engineering/Fabrication
  • Others (Paper & Pulp, Glass, and Cement )

On the basis of region, the industrial communication market has been segmented as follows:

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

Available Customizations:

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

  • Company Information: Detailed analysis and profiling of additional 5 market players
  • Country-level break-up for the market based on end-use application and offering

According to MarketsandMarkets, the industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion by 2018, at a CAGR of 11.14% during the forecast period. Mainly driven by the adoption of Industrial Internet of Things (IIoT) and advancement in M2M communication technology for industrial networking, the market growth is also attributed to Industry 4.0 practices in Europe and North America, which boost the adoption of industrial communication solutions. This report covers the market based on communication protocol, offering, end-use application, and geography.

Automotive and transportation to be largest contributor to industrial communication market during forecast period

Among all end-use applications, automotive and transportation is expected to be the largest contributor to the overall industrial communication market by 2018. The globally increasing number of automotive manufacturing hubs implementing advanced automation techniques for production is expected to boost the demand for industrial communication offerings. Ethernet (IEEE 802.3) is a widely used protocol in automotive manufacturing. Computer-controlled processes play a vital role in this industry, and Ethernet is one of the most suitable protocols for such computer-enabled communication. The technology is primarily used for diagnostics, machine control, factory automation, and remote sensor connections. The growing environment and safety regulations for automobiles and the integration of advanced systems in automobile manufacturing are fueling the industrial communication market for the automobile applications in APAC.

Controllers and processors account for largest size of market for components during forecast period

The industrial communication market for controllers and processors is expected to grow at the highest CAGR during 2018–2023. A processor is a critical component in the communication process, as it is capable of fetching instructions from the main memory, decoding instructions, and determining the action to be taken, among others. There is constant innovation in controllers, processors, and memory components used in industries to enable low footprint designs and high performance at low power consumption. These segments are likely to be among the best markets for investment for the market players in the coming years.

APAC to account for largest market size during forecast period

APAC is likely to continue to hold the largest market share during the forecast period. It is a prominent hub for several industries, including automotive, electrical, and electronics. This region is the largest automobile producer in the world. Also in APAC, countries such as China, India, and South Korea are leading manufacturers of consumer electronics devices, including smartphones, laptops, and gaming consoles. China is also a major hub for semiconductor fabrication and manufacturing players; its involvement in the implementation and development of IIoT is crucial for the growth of these industries, which also contributes to the growth of the industrial communication market.

Industrial Communication Market

Major players in the industrial communication market are OMRON Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), ABB LTD. (Switzerland), Rockwell Automation, Inc. (US), Advantech Co., Ltd. (Taiwan), ifm electronic gmbh (Germany), HMS Industrial Networks (Sweden), Cisco Systems, Inc. (US), Moxa Inc. (US), and Belden Inc. (US).

SICK AG is one of the world’s leading manufacturers of gateways, controllers, sensors, safety systems, machine vision solutions, encoders, and automatic identification products for industrial applications. Its global presence and broad product portfolio help it rapidly fulfill the changing customer requirements, thereby offering it greater competency. The company has its operations and representatives in ~65 countries and has more than 1,000 patents. The diversity of its product line allows SICK to offer solutions for every phase of production in the logistics, automotive, packaging, electronics, food & beverage, and material handling markets. Innovative products and services allow the company to continually respond to increasing demands, specifically related to digitalization and industrial communication. SICK has a strong market presence in the intelligent automation solutions ecosystem across multiple end-user industries, such as automotive, energy & power, and electrical and electronics.

Recent developments

  • In August 2018, OMRON Corporation (Japan) launched its new NX-series Safety Network Controller, supporting 2 safety protocols: CIP Safety that is adopted by industrial robot manufacturers and Safety over EtherCAT (FSoE) that provides high-speed response capabilities.
  • In May 2018, Siemens AG (Germany) launched Industrial Ethernet switches with special functions for the process industry. The firmware functions (PROFINET S2 device, H-Sync, and configuration in Run/CiR/H-CiR) in interaction with the Simatic PCS 7 process control system, making the new products suitable for the flexible, reliable, and high-performance networking of process automation devices.
  • In April 2018, Rockwell Automation, Inc. (US) launched the Allen-Bradley Guardmaster GuardLink safety system, a new safety-based communications protocol that helps operators improve machine diagnostics and reduce downtime while increasing productivity.

Key questions addressed by report:

  • What could be the potential industrial applications of industrial communication?
  • What is the importance of industrial communication in the manufacturing sector? 
  • What will be the penetration of industrial communication in process industries?
  • What are the opportunities for the Fieldbus communication protocol-based product providers?
  • What will be the major end-use application for wireless industrial communication protocol?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    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 (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Need for Scalable, Faster, Reliable, and Interoperable Communication Protocols
                    5.2.1.2 Rise of Industrial Revolution 4.0
                    5.2.1.3 Increasing Machine-To-Machine Communication
                    5.2.1.4 Government Initiatives to Support Industrial Automation
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardization Among Equipment Manufacturers
           5.2.3 Opportunities
                    5.2.3.1 Growing Adoption of Industrial Internet of Things (IIoT)
                    5.2.3.2 Rising Demand for Wireless Networks
           5.2.4 Challenges
                    5.2.4.1 Threats Related to Cybersecurity
                    5.2.4.2 Harsh Field Site Conditions Such as High-Voltage Transients, Severe Shocks and Vibrations, and Extremely High Temperatures

6 Industrial Communication Market, By Offering (Page No. - 45)
    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
                    6.2.2.1 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
                    6.2.3.1 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
                    6.2.4.1 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
                    6.2.5.1 Growing Market for Industrial Pcs to Drive Growth of Communication Interfaces
           6.2.6 Power Supply Devices
                    6.2.6.1 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
                    6.2.7.1 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
                    6.2.8.1 Migration Toward Solid-State Drive (SSD) From Hard Disk Drive (HDD) to Drive Industrial Communication Market for Memory
           6.2.9 Isolators and Convertors
                    6.2.9.1 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 (Page No. - 54)
    7.1 Introduction
    7.2 Fieldbus
           7.2.1 Foundation Fieldbus and Hart
                    7.2.1.1 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
                    7.2.2.1 Profibus is One of the Most Widely Recognized Fieldbus Standards Worldwide
           7.2.3 Modbus
                    7.2.3.1 Ease of Use and Superior Reliability to Drive Market for Modbus Protocol
           7.2.4 CC- Link
                    7.2.4.1 Rising Adoption of CC-Link in Process Industries to Boost Market for CC-Link Communication Protocol During Forecast Period
           7.2.5 Devicenet
                    7.2.5.1 Devicenet is Low-Cost and Robust Industrial Communication Protocol Compared to Other Traditional Communication Protocols
           7.2.6 Canopen
                    7.2.6.1 Growing Use in Motion Control Application to Fuel Growth of Market for Canopen During Forecast Period
           7.2.7 Interbus
                    7.2.7.1 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
                    7.3.1.1 Profinet Emerged as Promising Alternative to Ethernet/IP Communication Protocol
           7.3.2 Ethernet/IP
                    7.3.2.1 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
                    7.3.3.1 Ability to Connect Entire Automation Systems in Real Time Expected to Drive Market for Ethercat During the Forecast Period
           7.3.4 Modbus - TCP
                    7.3.4.1 APAC to Lead Modbus – TCP Market By 2023
           7.3.5 Powerlink
                    7.3.5.1 Automotive, Chemicals, and Mining Industries to Be Leading Contributors to Market for Powerlink Industrial Communication Protocol By 2023
           7.3.6 Sercos Iii
                    7.3.6.1 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
                    7.3.7.1 Growing Demand in Process Automation Applications to Boost Market for CC-Link Ie During Forecast Period
    7.4 Wireless
           7.4.1 WLAN
                    7.4.1.1 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
                    7.4.2.1 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
                    7.4.3.1 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
                    7.4.4.1 Whart Protocol is Ideal Solution for Diagnostic Information in Digital Form While Retaining Compatibility With Legacy Automation Architectures
           7.4.5 Zigbee
                    7.4.5.1 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 (Page No. - 75)
    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 (Page No. - 93)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Strong Government Support Have Contributed to the Large-Scale Adoption of Industrial Communication Solutions in Us
           9.2.2 Canada
                    9.2.2.1 Discrete Industries Have Been the Early Adopters of Advanced Technology-Based Industrial Communication Protocols in Canada
           9.2.3 Mexico
                    9.2.3.1 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
                    9.3.1.1 Government Initiatives Towards IoT Development in UK Likely to Drive the Market
           9.3.2 Germany
                    9.3.2.1 Germany to Account for the Largest Share of European Industrial Communication Market By 2023
           9.3.3 France
                    9.3.3.1 Growing Automation in Aerospace & Defense Industry to Drive the Growth of Market in France
           9.3.4 Spain
                    9.3.4.1 Leading Stake of Automotive Industry in Spain to Accelerate the Growth of Market
           9.3.5 Italy
                    9.3.5.1 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
                    9.4.1.1 China to Witness the Highest Growth Rate for Industrial Communication Market During the Forecast Period
           9.4.2 Japan
                    9.4.2.1 Japan to Be Among the Top Two Countries for Market in APAC
           9.4.3 India
                    9.4.3.1 Supportive Government Plans to Drive the Demand for Industrial Communication Market in India
           9.4.4 South Korea
                    9.4.4.1 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
                    9.5.1.1 Growing Adoption for Automation in Oil & Gas Industry to Drive the Growth for Market
           9.5.2 South America
                    9.5.2.1 Mining Sector is A Major Growth Segment for Market in South America, With the Increased Mining Investment, Exploration, and Development
           9.5.3 Africa
                    9.5.3.1 Development of Industrial Sector is Expected to Drive the Growth of the Market in Africa

10 Competitive Landscape (Page No. - 122)
     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 (Page No. - 128)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     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

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 181)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (71 Tables)

Table 1 Assumptions for Study
Table 2 Limitations of Study
Table 3 Regulatory Mandates Related to M2m Communications By Some APAC Countries
Table 4 Industrial Communication Market, By Offering, 2015–2023 (USD Billion)
Table 5 Market for Component, By Type, 2015–2023 (USD Billion)
Table 6 Market, By Communication Protocol, 2015–2023 (USD Billion)
Table 7 Market for Fieldbus, By Type, 2015–2023 (USD Billion)
Table 8 Industrial Communication Market, By Region, 2015–2023 (USD Billion)
Table 9 Market for Fieldbus in North America, By Country, 2015–2023 (USD Billion)
Table 10 Industrial Communication Market for Fieldbus in Europe, By Country, 2015–2023 (USD Billion)
Table 11 Market for Fieldbus in APAC, By Country, 2015–2023 (USD Billion)
Table 12 Market for Fieldbus in RoW, By Region, 2015–2023 (USD Billion)
Table 13 Industrial Communication Market for Industrial Ethernet, By Type, 2015–2023 (USD Billion)
Table 14 Market for Industrial Ethernet, By Region, 2015–2023 (USD Billion)
Table 15 Market for Industrial Ethernet in North America, By Country, 2015–2023 (USD Billion)
Table 16 Market for Industrial Ethernet in Europe, By Country, 2015–2023 (USD Billion)
Table 17 Market for Industrial Ethernet in APAC, By Country, 2015–2023 (USD Billion)
Table 18 Market for Industrial Ethernet in RoW, By Region, 2015–2023 (USD Billion)
Table 19 Industrial Communication Market for Wireless in RoW, By Protocol, 2015–2023 (USD Billion)
Table 20 Market for Wireless Communication Protocol, By Region, 2015–2023 (USD Billion)
Table 21 Market for Wireless Communication Protocol in North America, By Country, 2015–2023 (USD Billion)
Table 22 Market for Wireless Communication Protocol in Europe, By Country, 2015–2023 (USD Billion)
Table 23 Market for Wireless Communication Protocol in APAC, By Country, 2015–2023 (USD Billion)
Table 24 Market for Wireless Communication Protocol in RoW, By Region, 2015–2023 (USD Billion)
Table 25 Industrial Communication Market, By End-Use Application, 2015–2023 (USD Billion)
Table 26 Market for Automotive and Transportation, By Region, 2015–2023 (USD Billion)
Table 27 Market for Electrical and Electronics, By Region, 2015–2023 (USD Billion)
Table 28 Market for Aerospace and Defense, By Region, 2015–2023 (USD Billion)
Table 29 Market for Oil and Gas, By Region, 2015–2023 (USD Billion)
Table 30 Industrial Communication Market for Chemicals and Fertilizers, By Region, 2015–2023 (USD Billion)
Table 31 Market for Food and Beverages, By Region, 2015–2023 (USD Billion)
Table 32 Market for Pharmaceutical, By Region, 2015–2023 (USD Billion)
Table 33 Market for Energy and Power, By Region, 2015–2023 (USD Billion)
Table 34 Market for Mining, By Region, 2015–2023 (USD Billion)
Table 35 Industrial Communication Market for Engineering/Fabrication, By Region, 2015–2023 (USD Billion)
Table 36 Market for Water and Wastewater, By Region, 2015–2023 (USD Billion)
Table 37 Market for Others, By Region, 2015–2023 (USD Billion)
Table 38 Industrial Communication Market, By Region, 2015–2023 (USD Billion)
Table 39 Industrial Communication Market in North America, By Country, 2015–2023 (USD Billion)
Table 40 Market in North America, By End-Use Application, 2015–2023 (USD Billion)
Table 41 Market in North America, By Communication Protocol, 2015–2023 (USD Billion)
Table 42 Market in US, By Communication Protocol, 2015–2023 (USD Billion)
Table 43 Market in Canada, By Communication Protocol, 2015–2023 (USD Billion)
Table 44 Market in Mexico, By Communication Protocol, 2015–2023 (USD Billion)
Table 45 Industrial Communication Market in Europe, By Country, 2015–2023 (USD Billion)
Table 46 Market in Europe, By End-Use Application, 2015–2023 (USD Billion)
Table 47 Market in Europe, By Communication Protocol, 2015–2023 (USD Billion)
Table 48 Market in UK, By Communication Protocol, 2015–2023 (USD Billion)
Table 49 Market in Germany, By Communication Protocol, 2015–2023 (USD Billion)
Table 50 Market in France, By Communication Protocol, 2015–2023 (USD Billion)
Table 51 Market in Spain, By Communication Protocol, 2015–2023 (USD Billion)
Table 52 Market in Italy, By Communication Protocol, 2015–2023 (USD Billion)
Table 53 Market in Rest of Europe, By Communication Protocol, 2015–2023 (USD Billion)
Table 54 Industrial Communication Market in APAC, By Country, 2015–2023 (USD Billion)
Table 55 Market in APAC, By End-Use Application, 2015–2023 (USD Billion)
Table 56 Market in APAC, By Communication Protocol, 2015–2023 (USD Billion)
Table 57 Market in China, By Communication Protocol, 2015–2023 (USD Billion)
Table 58 Market in Japan, By Communication Protocol, 2015–2023 (USD Billion)
Table 59 Market in India, By Communication Protocol, 2015–2023 (USD Billion)
Table 60 Market in South Korea, By Communication Protocol, 2015–2023 (USD Billion)
Table 61 Market in Rest of APAC, By Communication Protocol, 2015–2023 (USD Billion)
Table 62 Industrial Communication Market in RoW, By Region, 2015–2023 (USD Billion)
Table 63 Market in RoW, By End-Use Application, 2015–2023 (USD Billion)
Table 64 Market in RoW, By Communication Protocol, 2015–2023 (USD Billion)
Table 65 Market in Middle East, By Communication Protocol, 2015–2023 (USD Billion)
Table 66 Market in South America, By Communication Protocol, 2015–2023 (USD Billion)
Table 67 Market in Africa, By Communication Protocol, 2015–2023 (USD Billion)
Table 68 Market Ranking Analysis: Industrial Communication Market (2017)
Table 69 Product Launches/Developments (2015–2018)
Table 70 Partnerships/Collaborations (2015–2018)
Table 71 Expansions (2015–2018)


List of Figures (41 Figures)

Figure 1 Industrial Communication Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Data Triangulation Methodology
Figure 5 Industrial Communication Market, By End-Use Application, 2018 vs 2023 (USD Billion)
Figure 6 Market for Controllers and Processors to Grow at Highest CAGR During 2018–2023
Figure 7 Market, By Region, 2017
Figure 8 Increasing Demand for Industrial Communication in Electronics and Automotive Manufacturing is Driving Market Growth
Figure 9  Market for Services to Grow at Highest CAGR During Forecast Period
Figure 10 APAC to Account for Largest Share of Market By 2023
Figure 11 China and Japan Together to Account for More Than Half of Market in APAC By 2018
Figure 12 Industrial Communication Market in China to Grow at Highest CAGR During Forecast Period
Figure 13 Growing Adoption of IIoT is A Key Factor Driving Market
Figure 14 Components to Hold Largest Size of Market During Forecast Period
Figure 15 Switches Accounted for Largest Size of Market for Components in 2018
Figure 16 Industrial Communication Market for Wireless Communication Protocol to Grow at Highest CAGR During Forecast Period
Figure 17 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 18 Ethernet/IP LED Industrial Ethernet Market in 2018
Figure 19 Whart LED Industrial Communication Market for Wireless Network Protocol Market in 2018
Figure 20 Automotive and Transportation to LED Industrial Communication Market in 2023
Figure 21 Market for Electrical and Electronics in APAC to Grow at Highest CAGR During Forecast Period
Figure 22 Market for Oil and Gas in RoW to Witness Highest CAGR During Forecast Period
Figure 23 APAC to Hold Largest Size of Market for Pharmaceutical By 2023
Figure 24 APAC to Account for Largest Size of Market for Water and Wastewater During Forecast Period
Figure 25 Market in China to Witness Highest CAGR During 2018–2023
Figure 26 North America: Industrial Communication Market Snapshot
Figure 27 Europe: Industrial Communication Market Snapshot
Figure 28 APAC: Industrial Communication Market Snapshot
Figure 29 Companies Adopted Product Launch as Key Growth Strategy During 2015–2018
Figure 30 Sick AG: Company Snapshot
Figure 31 Omron: Company Snapshot
Figure 32 Schneider Electric: Company Snapshot
Figure 33 Belden Inc.: Company Snapshot
Figure 34 Siemens: Company Snapshot
Figure 35 Rockwell Automation: Company Snapshot
Figure 36 ABB: Company Snapshot
Figure 37 Cisco Systems: Company Snapshot
Figure 38 Advantech: Company Snapshot
Figure 39 HMS Industrial Networks: Company Snapshot
Figure 40 Ericsson: Company Snapshot
Figure 41 Mitsubishi Electric Group: Company Snapshot


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Marie Steelle

Senior Research analyst- MarketsandMarkets

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