Industrial Ethernet Market

Industrial Ethernet Market With COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Protocol (PROFINET, EtherNet/IP), End-use Industry (Automotive & Transportation, Electrical & Electronics), and Region - Global Forecast to 2026

Report Code: SE 4779 Apr, 2021, by marketsandmarkets.com

[208 Pages Report] The industrial ethernet market was valued at USD 9.2 billion in 2020 and is projected to reach USD 13.7 billion by 2026. It is expected to grow at a CAGR of 7.3% during the forecast period.  Growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote adoption of industrial automation, and growing popularity of smart automobiles are contributing to the growth of the industrial ethernet market. Rising adoption of 5G to act as a growth opportunity for the market players.

Industrial Ethernet Market

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The outbreak of COVID-19 has forced almost all manufacturing companies to reassess their strategies and come up with quick responses to stabilize their supply chain. Many manufacturing companies have halted their production, which has collaterally damaged the supply chain and negatively impacted the growth of the industrial ethernet market. Many industrial communication companies worldwide witnessed a significant reduction in revenue growth in the first quarter of 2020. On the other hand, a few companies witnessed a considerably low impact of the pandemic on their sales and manufacturing units in the first quarter of 2020. However, these companies would witness a high impact in the second quarter of the year.

Market Dynamics:

Driver:  Growing need for scalable, fast, reliable, and interoperable communication protocols

Industrial ethernet is essential 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 various interfaces. A factory system should be capable of offering fast response times, as well as high efficiency and 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 growing need for scalable and interoperable protocols has increased initiatives to develop a new set of communication products.

Restraint:  Absence of standardization in industrial communication protocols and interfaces

Industrial equipment or devices communicate through various interfaces, technologies, and protocols. The absence of standardization in these communication interfaces and protocols may result in the misrepresentation of data. It also can complicate the integration of systems and hinder the use of plug-and-play features for unrelated systems. For instance, most equipment manufacturers use their proprietary interface protocols for communicating with their devices, which creates communication challenges with the use of devices developed by other manufacturers.

There are many communication protocols being used in industrial ethernet, but only a few vendors offer communication modules supporting most of the protocols. Many vendors offer customized industrial ethernet modules supporting a few communication protocols, thus, end users find it difficult to switch to other protocols according to their requirements. Lack of standardization with respect to technology complicates the integration of systems and hamper the “plug-and-play” capabilities between communication devices.

The other problem faced by the developers of industrial software and systems is the lack of access to the data of plants. The absence of this critical data poses a challenge in the standardization and interoperability metrics for industrial devices developed by different companies. As several manufacturers are making efforts to achieve high production efficiency, the exchange of key inputs related to manufacturing plants is expected to increase in the coming years.

Opportunity:  Emergence of 5G to create lucrative opportunities for market players

Industrial communication is a vital element of Industry 4.0. While companies are focusing on making their production process smart, they must consider the most advanced communication technology to achieve it. 5G helps to overcome the shortcomings of other wireless systems. With the onset of 5G technology, the manufacturing industry will experience a major transformation. Attributed to the ultra-low latency and reliability of 5G connectivity, deployment of safe, flexible, and efficient manufacturing systems is possible. 5G enables continued automation of robots and warehouse transportation and eliminates the use of cables.

Industry 4.0 is the evolution of new digital industrial technology in which sensors, machines, and IT systems will be connected along the value chain beyond a single enterprise. These connected systems will interact with one another using standard internet-based protocols and will analyze data to predict failure and accordingly configure the variations in data. The fourth industrial revolution will make it possible to gather and analyze data across machines, thereby enabling faster, flexible, and more efficient processes to produce higher quality products at a reduced cost. This will boost manufacturing productivity, improve plant economics, and fuel industrial growth. This, in turn, will increase the use of digital industrial network protocols such as Foundation Fieldbus and WirelessHART. The impact of this opportunity is expected to be high. As part of Industrial Revolution 4.0 promotion, the European Union (EU) has decided to support the smart use of information and communications technology (ICT) and the integration of micro-, small-, and medium-sized enterprises into digital value chains from 2008 to 2020—it is the EU-funded program for research and innovation.

Challenge: Threats related to cybersecurity

The increasing cybersecurity threats pose a major challenge for industrial communication solution providers due to the ever-increasing instances of virus attacks and hacking. The vital information in computer systems may be tampered by viruses, which can cause a major loss to industries. Thus, the entire information flow could be disrupted if communication software systems are not protected with proper security measures. There is an increasing dependence on web-based communication and off-the-shelf IT solutions that are being used extensively in the industrial sector. The industries implementing such communications are, therefore, prone to malware targeted at industrial systems. With the rise in cyberattacks over the past decade on critical infrastructure, cybersecurity is becoming a central concern among industrial automation users and vendors. For instance, ransomware is a type of computer malware that has replaced the advanced persistent threat (APT) network attacks. This attack was first detected in the last decade and is considered to be one of the major cybersecurity threats today.

Hardware segment to account for a largest share of the industrial ethernet market by 2026

The hardware segment is expected to hold the largest share of the industrial ethernet market. Devices such as IP phones and PCs are connected to the internet to enable rapid communication in industries. Machine-to-machine (M2M) communication in the industrial environment helps facilitate efficient plant operations. It accelerates operations and ensures higher reliability and robustness across various industries, such as automotive, transportation, aerospace & defense, pharmaceutical, and food & beverage. However, a secure and robust network is required to protect internet-connected devices from data manipulation or theft. Such a robust application-specific network can be built using networking components. The hardware segment covers the components that are used to build specific communication networks. The components include switches, routers, gateways, power supply devices, controllers, and others.

EtherNet/IP protocol accounted for the largest market share in 2020

Ethernet/IP is an industrial ethernet protocol developed by Rockwell Automation, Inc. (US) in 1990. It is now managed by the Open DeviceNet Vendors Association (ODVA). Ethernet/IP is one of the leading industrial protocols and is widely used in various industries, including hybrid and process. As Ethernet/IP uses standard ethernet and switches, it can have hundreds of nodes in a system. This allows for the use of a single network across many different endpoints on a factory floor.

It facilitates users with the tools to deploy standard ethernet technology (IEEE 802.3 combined with the TCP/IP Suite) in industrial automation applications, enabling the availability of internet and enterprise connectivity at different locations.

Automotive & Transportation end-use industry accounted for the largest market share in 2020

Automotive is one of the largest end-use industries of industrial ethernet and is expected to continue to dominate the market due to the growing need for advanced automation in automobile manufacturing hubs worldwide. Likewise, water level monitoring sensors, AC drives, and controllers are the crucial components of water treatment systems, and an industrial ethernet network is used to facilitate communication among these systems. The automotive industry continues to evolve at an impressive pace with the adoption of automation and connectivity. However, component manufacturers strive to address the growing need for bandwidth and cost-effectiveness. An automobile is a complex and technologically sophisticated machine. The manufacturing of cars requires advanced technological methods and processes. To improve the quality of vehicles and overall production efficiency, manufacturers invest substantial time and money in developing and improving the manufacturing process and rely heavily on technological innovations. Industrial ethernet solutions leverage the benefits of the industrial internet to connect machines, data, and people for attaining an unmatched level of information visibility and manufacturing insight. This helps accelerate production, improve quality, and lower costs.

Industrial Ethernet Market by Region

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APAC to account for the largest market share during the forecast period

APAC is currently the largest manufacturing hub for the automobile and electronic companies. To compete with other global players, the companies in APAC use advanced automation systems, which require highly reliable communication networks for machine-to-machine (M2M) communication in their plants. The manufacturing companies in APAC extensively adopt the smart factory concept for implementing advanced manufacturing technologies on the factory floor. This innovative concept has transformed the manufacturing sector in APAC and has increased the implementation of smart automation in factories. The growing acceptance of Industrial Revolution 4.0 in APAC is also a factor driving the growth of the regional market. The decrease in the number of COVID-19 patients in China is slowly normalizing the manufacturing activities in the country. This, in turn, is expected to drive the growth of the industrial ethernet market in APAC. However, it is likely that this growth will not be as significant as it was estimated in the pre-COVID-19 era.

Key Market Players

Include  Cisco (US), Siemens (Germany), Rockwell Automation (US), Omron (Japan), and Moxa (Taiwan)  are among the major players in the industrial ethernet market.

Scope of the Report

Report Metric

Details

Market Size Availability for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Units

Value (USD)

Segments Covered

By offering, protocol, and end-use industry

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Cisco, Siemens, Rockwell Automation, Omron, and Moxa
A total of 20 players are covered.

This research report categorizes the industrial ethernet market, offering, protocol, end-use industry and region

Based on Offering:

  • Hardware
  • Software
  • Services

Based on Protocol:

  • EtherCAT
  • EtherNet/IP
  • PROFINET
  • POWERLINK
  • SERCOS III
  • CC-Link IE

Based on End-use Industry:

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

Based on the Region

  • North America
  • Europe
  • APAC
  • RoW (South America, Middle East & Africa)

Recent Developments

  • In December 2020, Rockwell Automation introduced new Alley- Bradley 440G-MZ guard locking switches. These solutions provide a safety-based communications protocol that provides access diagnostic information and eases integration into a connected enterprise.
  • In June 2020, To access the virtual representation of a sensor and its data, SICK has launched LiveConnect to deliver a standardized connection from an edge gateway to the SICK Asset Hub. This visualizes the sensor status, thereby providing a foundation that opens new opportunities for optimizing plant availability and process efficiency.
  • In June 2020, Moxa introduced the MDS-G4000 Series industrial DIN-rail modular managed ethernet switches to realize next-level network versatility.
  • In April 2020, Moxa introduced the EDS-2000-EL and EDS-2000-ML series to create a new lineup of industrial unmanaged Ethernet switches with options for 5 to 18 ports and Gigabit combo ports o reliably connect more nodes and at higher bandwidths.
  • In December 2019, SICK inaugurated a new production site in China, which expanded its capacities for localized production and system construction in China.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    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 ETHERNET 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. - 30)
    2.1 RESEARCH DATA
        FIGURE 2 INDUSTRIAL ETHERNET 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
                    2.1.2.3 Key participants in primary processes across value chain of industrial ethernet market
           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 ETHERNET MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 INDUSTRIAL ETHERNET MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 40)
  FIGURE 7 GLOBAL INDUSTRIAL ETHERNET MARKET, 2017 TO 2026
  FIGURE 8 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL ETHERNET MARKET FROM 2021 TO 2026
  FIGURE 9 ETHERNET/IP PROTOCOL SEGMENT TO HOLD LARGEST SIZE OF INDUSTRIAL ETHERNET MARKET FROM 2021 TO 2026
  FIGURE 10 AUTOMOTIVE & TRANSPORTATION END-USER INDUSTRY HELD LARGEST SIZE OF INDUSTRIAL ETHERNET MARKET IN 2020
  FIGURE 11 APAC ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL ETHERNET MARKET IN 2020

4 COVID-19 IMPACT ON INDUSTRIAL ETHERNET MARKET (Page No. - 44)
    4.1 INTRODUCTION
        FIGURE 12 INDUSTRIAL ETHERNET MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS (2017–2026)
    4.2 PRE-COVID-19
    4.3 POST-COVID-19
    4.4 INDUSTRIAL IMPACT
    4.5 REGIONAL IMPACT

5 PREMIUM INSIGHTS (Page No. - 46)
    5.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL ETHERNET MARKET
        FIGURE 13 GROWING NEED FOR SCALABLE, FAST, RELIABLE, AND INTEROPERABLE COMMUNICATION PROTOCOLS TO BOOST GROWTH OF INDUSTRIAL ETHERNET MARKET
    5.2 INDUSTRIAL ETHERNET MARKET, BY OFFERING
        FIGURE 14 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL ETHERNET MARKET FROM 2021 TO 2026
    5.3 INDUSTRIAL ETHERNET MARKET, BY PROTOCOL
        FIGURE 15 ETHERNET/IP PROTOCOL SEGMENT TO HOLD LARGEST SIZE OF INDUSTRIAL ETHERNET MARKET FROM 2021 TO 2026
    5.4 INDUSTRIAL ETHERNET MARKET, BY END-USE INDUSTRY
        FIGURE 16 ELECTRICAL & ELECTRONICS END-USE INDUSTRY TO HOLD LARGEST SIZE OF INDUSTRIAL ETHERNET MARKET IN 2026
    5.5 INDUSTRIAL ETHERNET MARKET, BY COUNTRY
        FIGURE 17 INDUSTRIAL ETHERNET MARKET IN INDIA TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026

6 MARKET OVERVIEW (Page No. - 49)
    6.1 INTRODUCTION
    6.2 MARKET DYNAMICS
        FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR INDUSTRIAL ETHERNET MARKET
           6.2.1 DRIVERS
                    6.2.1.1 Growing need for scalable, fast, reliable, and interoperable communication protocols
                    6.2.1.2 Increasing initiatives by governments of developing countries to promote adoption of industrial automation
                            FIGURE 19 ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS, BY COUNTRY, 2019 (THOUSAND UNITS)
                    6.2.1.3 Growing popularity of smart automobiles
                            FIGURE 20 IMPACT ANALYSIS OF DRIVERS ON INDUSTRIAL ETHERNET MARKET
           6.2.2 RESTRAINTS
                    6.2.2.1 Absence of standardization in industrial communication protocols and interfaces
                            FIGURE 21 IMPACT ANALYSIS OF RESTRAINTS ON INDUSTRIAL ETHERNET MARKET
           6.2.3 OPPORTUNITIES
                    6.2.3.1 Emergence of 5G to create lucrative opportunities for market players
                            FIGURE 22 IMPACT ANALYSIS OF OPPORTUNITIES ON INDUSTRIAL ETHERNET MARKET
           6.2.4 CHALLENGES
                    6.2.4.1 Threats related to cybersecurity
                    6.2.4.2 Harsh field site conditions—high-voltage transients, severe shocks and vibrations, and extremely high temperatures
                            FIGURE 23 IMPACT ANALYSIS OF CHALLENGES ON INDUSTRIAL ETHERNET MARKET
    6.3 OVERVIEW OF IEEE 802.3 STANDARD, DETERMINISTIC ETHERNET, TIME SENSITIVE NETWORKING, AND INTRINSICALLY SAFE ETHERNET
           6.3.1 IEEE 802.3CG
                    6.3.1.1 10BASE – t1s
                    6.3.1.2 10base – t1l
           6.3.2 DETERMINISTIC ETHERNET
           6.3.3 TIME-SENSITIVE NETWORKING (TSN)
           6.3.4 INTRINSICALLY SAFE ETHERNET
                 TABLE 1 INDUSTRIAL ETHERNET MARKET, BY CABLE TECHNOLOGY, 2017–2020 (USD MILLION)
                 TABLE 2 INDUSTRIAL ETHERNET MARKET, BY CABLE TECHNOLOGY, 2021–2026 (USD MILLION)
                 TABLE 3 INDUSTRIAL ETHERNET MARKET, BY DEVICE, 2017–2020 (USD MILLION)
                 TABLE 4 INDUSTRIAL ETHERNET MARKET, BY DEVICE, 2021–2026 (USD MILLION)
           6.3.5 ISOLATION FOR INDUSTRIAL ETHERNET
                    6.3.5.1 few of the use cases where digital isolators are used with microcontroller
                            TABLE 5 USE CASES OF DIGITAL ISOLATOR USED WITH MICROCONTROLLER
                            TABLE 6 INDUSTRIAL ETHERNET MARKET, BY ISOLATOR, 2017–2020
                            TABLE 7 INDUSTRIAL ETHERNET MARKET, BY ISOLATOR, 2021–2026 (USD MILLION)
    6.4 VALUE CHAIN ANALYSIS
        FIGURE 24 VALUE CHAIN ANALYSIS OF INDUSTRIAL ETHERNET MARKET
    6.5 KEY STAGES IN INDUSTRIAL ETHERNET VALUE CHAIN
           6.5.1 RESEARCH AND DEVELOPMENT
           6.5.2 COMPONENT MANUFACTURING
           6.5.3 SYSTEM INTEGRATION
           6.5.4 MARKETING AND SALES
           6.5.5 POST-SALES SERVICES

7 INDUSTRIAL ETHERNET MARKET, BY OFFERING (Page No. - 64)
    7.1 INTRODUCTION
        TABLE 8 INDUSTRIAL ETHERNET MARKET, BY OFFERING, 2017–2020 (USD MILLION)
        TABLE 9 INDUSTRIAL ETHERNET MARKET, BY OFFERING, 2021–2026 (USD MILLION)
    7.2 HARDWARE
        TABLE 10 INDUSTRIAL ETHERNET MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
        TABLE 11 INDUSTRIAL ETHERNET MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
        TABLE 12 INDUSTRIAL ETHERNET MARKET, BY HARDWARE, 2017–2020 (THOUSAND UNITS)
        TABLE 13 INDUSTRIAL ETHERNET MARKET, BY HARDWARE, 2021–2026 (THOUSAND UNITS)
           7.2.1 SWITCHES
                    7.2.1.1 Switches are used to build a network connection between different interconnected computers
           7.2.2 GATEWAYS
                    7.2.2.1 Gateways are primary networking devices used as common connection point for regulating traffic between networks
           7.2.3 ROUTERS
                    7.2.3.1 Routers examine destination IP address of data packets and use headers and forwarding tables to decide mode of packet transfer
           7.2.4 CONTROLLERS AND CONNECTORS
                    7.2.4.1 Ethernet controller is popular controller used in industrial communication
           7.2.5 COMMUNICATION INTERFACES AND CONVERTERS
                    7.2.5.1 Communication interfaces help in communicating with different network devices using certain protocols
           7.2.6 POWER SUPPLY DEVICES
                    7.2.6.1 Power management integrated circuits (PMICs) are useful in communication power management
           7.2.7 OTHERS
    7.3 SOFTWARE
           7.3.1 NETWORKING MANAGEMENT SOFTWARE OPTIMIZE NETWORK EFFICIENCY AND MINIMIZE TOTAL COST OF OWNERSHIP
    7.4 SERVICES
           7.4.1 INDUSTRIAL COMMUNICATION SERVICES MAINLY INCLUDE INSTALLATION, NETWORK SECURITY, AND NETWORK MONITORING SERVICES

8 INDUSTRIAL ETHERNET MARKET, BY PROTOCOL (Page No. - 71)
    8.1 INTRODUCTION
        TABLE 14 INDUSTRIAL ETHERNET MARKET, BY PROTOCOL, 2017–2020 (USD MILLION)
        TABLE 15 INDUSTRIAL ETHERNET MARKET, BY PROTOCOL, 2021–2026 (USD MILLION)
    8.2 PROFINET
           8.2.1 PROFINET SUPPLEMENTS EXISTING PROFIBUS TECHNOLOGIES BY PROVIDING FAST DATA COMMUNICATION
    8.3 ETHERNET/IP
           8.3.1 ETHERNET/IP IS A LEADING INDUSTRIAL PROTOCOL WIDELY USED IN HYBRID AND PROCESS INDUSTRIES
    8.4 ETHERCAT
           8.4.1 ETHERCAT HAS BEEN SPECIFICALLY DESIGNED FOR FAST CONTROL DEMAND APPLICATIONS
    8.5 MODBUS-TCP
           8.5.1 MODBUS-TCP OFFERS A HIGH LEVEL OF INTEROPERABILITY FOR INDUSTRIAL COMMUNICATION NETWORK DEVICES
    8.6 POWERLINK
           8.6.1 ETHERNET POWERLINK ENABLES TRANSFER OF TIME-CRITICAL DATA IN SHORT DURATION
    8.7 SERCOS III
           8.7.1 SERCOS III IS SUITABLE FOR COMMUNICATIONS IN PROCESS INDUSTRIES AS IT ENSURES LOW LATENCY IN DATA TRANSFER
    8.8 CC-LINK IE
           8.8.1 CC-LINK IE SUPPORTS FLEXIBLE WIRING TOPOLOGIES, SUCH AS STAR, RING, AND LINE CONFIGURATION

9 INDUSTRIAL ETHERNET MARKET, BY END-USE INDUSTRY (Page No. - 76)
    9.1 INTRODUCTION
        TABLE 16 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
        TABLE 17 POST-COVID-19: INDUSTRIAL ETHERNET MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    9.2 AUTOMOTIVE & TRANSPORTATION
           9.2.1 INCREASING INVESTMENTS IN IMPLEMENTATION OF SMART MANUFACTURING TECHNOLOGIES IN AUTOMOBILE MANUFACTURING PLANTS TO BOOST ADOPTION OF INDUSTRIAL ETHERNET
                 TABLE 18 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 19 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
    9.3 ELECTRICAL & ELECTRONICS
           9.3.1 INCREASING DEMAND FOR INDUSTRIAL ETHERNET SOLUTIONS IN ELECTRICAL & ELECTRONICS INDUSTRY TO MINIMIZE DOWNTIME, RUN OPERATIONS AT FULL SPEED, AND INCREASE PRODUCTIVITY
                 TABLE 20 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR ELECTRICAL AND ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 21 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR ELECTRICAL AND ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
    9.4 AEROSPACE & DEFENSE
           9.4.1 INCREASING NUMBER OF DEPLOYMENTS OF INDUSTRIAL ETHERNET SOLUTIONS IN AEROSPACE & DEFENSE INDUSTRY TO ENSURE EFFECTIVE MANUFACTURING PROCESSES
                 TABLE 22 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 23 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)
    9.5 OIL & GAS
           9.5.1 INCREASING OFFSHORE OIL AND GAS ACTIVITIES IS FUELING ADOPTION OF AUTOMATION SOLUTIONS IN OIL & GAS INDUSTRY
                 TABLE 24 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR OIL & GAS, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 25 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR OIL & GAS, BY REGION, 2021–2026 (USD MILLION)
    9.6 CHEMICAL & FERTILIZER
           9.6.1 GROWING USE OF INDUSTRIAL ETHERNET IN CHEMICAL INDUSTRY TO INCREASE LEVEL OF SAFETY AND EFFICIENCY AND SUSTAINABILITY
                 TABLE 26 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR CHEMICAL & FERTILIZER, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 27 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR CHEMICAL & FERTILIZER, BY REGION, 2021–2026 (USD MILLION)
    9.7 FOOD & BEVERAGE
           9.7.1 INCREASING TREND OF AUTOMATION IN FOOD & BEVERAGE INDUSTRY THROUGHOUT MANUFACTURING PROCESS TO FUEL DEMAND FOR INDUSTRIAL ETHERNET
                 TABLE 28 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR FOOD & BEVERAGE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 29 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR FOOD & BEVERAGE, BY REGION, 2021–2026 (USD MILLION)
    9.8 PHARMACEUTICAL & MEDICAL DEVICE
           9.8.1 INCREASING DEPLOYMENT OF AUTOMATION AND SENSING TECHNOLOGIES IN PHARMACEUTICAL INDUSTRY TO FUEL MARKET GROWTH
                 TABLE 30 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR PHARMACEUTICAL & MEDICAL DEVICE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 31 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR PHARMACEUTICAL & MEDICAL DEVICE, BY REGION, 2021–2026 (USD MILLION)
    9.9 ENERGY & POWER
           9.9.1 COMMUNICATION NETWORKS PLAY AN INTEGRAL ROLE IN EXCHANGE OF DATA AND INFORMATION IN ENERGY & POWER PLANTS
                 TABLE 32 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR ENERGY & POWER, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 33 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR ENERGY & POWER, BY REGION, 2021–2026 (USD MILLION)
    9.10 MINING & METALS
           9.10.1 SURGING DEPLOYMENT OF AUTOMATION IN MINING & METALS INDUSTRY FOR IMPROVED PRODUCTIVITY AND ENHANCED WORKFORCE SAFETY TO BOOST MARKET GROWTH
                  TABLE 34 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR MINING & METALS, BY REGION, 2017–2020 (USD MILLION)
                  TABLE 35 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR MINING & METALS, BY REGION, 2021–2026 (USD MILLION)
    9.11 ENGINEERING/FABRICATION
           9.11.1 NETWORKING TECHNOLOGIES ENSURE CONSISTENT, UNINTERRUPTED MOBILE CONNECTIVITY FOR WORKERS IN ENGINEERING AND FABRICATION APPLICATIONS
                  TABLE 36 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR ENGINEERING/FABRICATION, BY REGION, 2017–2020 (USD MILLION)
                  TABLE 37 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR ENGINEERING/FABRICATION, BY REGION, 2021–2026 (USD MILLION)
    9.12 WATER & WASTEWATER
           9.12.1 GROWING ADOPTION OF LOW-COST, LOW-POWER SENSORS, AND EDGE-COMPUTING DEVICES TO INCREASE EFFICIENCY IN WATER AND WASTEWATER OPERATIONS TO BOOST MARKET GROWTH
                  TABLE 38 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR WATER & WASTEWATER, BY REGION, 2017–2020 (USD MILLION)
                  TABLE 39 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR WATER & WASTEWATER, BY REGION, 2021–2026 (USD MILLION)
    9.13 OTHERS
         TABLE 40 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
         TABLE 41 POST-COVID-19: INDUSTRIAL ETHERNET MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 94)
     10.1 INTRODUCTION
          FIGURE 25 INDUSTRIAL ETHERNET MARKET IN APAC TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
          TABLE 42 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 43 POST-COVID-19: INDUSTRIAL ETHERNET MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
          FIGURE 26 NORTH AMERICA: INDUSTRIAL ETHERNET MARKET SNAPSHOT
          TABLE 44 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 45 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 46 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
          TABLE 47 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.2.1 US
                        10.2.1.1 Ideal environment for innovation in US has facilitated advancements in industrial ethernet
                                 TABLE 48 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN US, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 49 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN US, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.2.2 CANADA
                        10.2.2.1 Growing investments in process and discrete industries in Canada to contribute to growth of industrial ethernet market
                                 TABLE 50 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN CANADA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 51 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN CANADA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.2.3 MEXICO
                        10.2.3.1 Mexico is evolving as a major industrial hub in North America
                                 TABLE 52 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN MEXICO, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 53 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN MEXICO, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
     10.3 EUROPE
          FIGURE 27 EUROPE: INDUSTRIAL ETHERNET MARKET SNAPSHOT
          TABLE 54 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 55 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 56 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN EUROPE, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
          TABLE 57 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN EUROPE, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.3.1 UK
                        10.3.1.1 Growing adoption of automation to fuel growth of industrial ethernet market in UK
                                 TABLE 58 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN UK, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 59 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN UK, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.3.2 GERMANY
                        10.3.2.1 Technological innovations related to automotive industry to fuel growth of industrial ethernet market
                                 TABLE 60 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN GERMANY, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 61 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN GERMANY, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.3.3 FRANCE
                        10.3.3.1 Government initiatives are fueling adoption of industrial ethernet solutions in France
                                 TABLE 62 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN FRANCE, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 63 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN FRANCE, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.3.4 ITALY
                        10.3.4.1 Smart factories in Italy to fuel growth of industrial ethernet market
                                 TABLE 64 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN ITALY, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 65 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN ITALY, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.3.5 SPAIN
                        10.3.5.1 Market growth in Spain is driven by automotive industry
                                 TABLE 66 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN SPAIN, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 67 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN SPAIN, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.3.6 REST OF EUROPE
                    TABLE 68 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN REST OF EUROPE, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                    TABLE 69 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN REST OF EUROPE, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
     10.4 APAC
          FIGURE 28 APAC: INDUSTRIAL ETHERNET MARKET SNAPSHOT
          TABLE 70 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 71 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 72 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN APAC, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
          TABLE 73 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN APAC, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.4.1 CHINA
                        10.4.1.1 Surging use of industrial ethernet network and solutions in automotive industry of China to boost market growth
                                 TABLE 74 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN CHINA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 75 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN CHINA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.4.2 JAPAN
                        10.4.2.1 Ongoing technological developments in different industries are leading to deployment of advanced and highly precise automation solutions
                                 TABLE 76 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN JAPAN, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 77 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN JAPAN, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.4.3 INDIA
                        10.4.3.1 Ongoing government initiatives for automation of different industries to fuel growth of industrial ethernet market in India
                                 TABLE 78 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN INDIA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 79 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN INDIA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.4.4 SOUTH KOREA
                        10.4.4.1 South Korea is among the globally leading manufacturers of robots
                                 TABLE 80 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN SOUTH KOREA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 81 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN SOUTH KOREA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.4.5 REST OF APAC
                    TABLE 82 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN REST OF APAC, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                    TABLE 83 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN REST OF APAC, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
     10.5 REST OF THE WORLD
          TABLE 84 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 85 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
          TABLE 86 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN ROW, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
          TABLE 87 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN ROW, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 Rising deployment of factory automation solutions in different industries to boost market growth
                                 TABLE 88 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN SOUTH AMERICA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 89 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN SOUTH AMERICA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.5.2 MIDDLE EAST
                        10.5.2.1 Growing adoption of automation solutions in oil & gas industry to fuel market growth
                                 TABLE 90 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN MIDDLE EAST, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 91 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN MIDDLE EAST, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)
             10.5.3 AFRICA
                        10.5.3.1 Increasing production in food & beverage, automotive, and pharmaceutical industries is driving growth of industrial ethernet market
                                 TABLE 92 PRE-COVID-19: INDUSTRIAL ETHERNET MARKET IN AFRICA, BY END-USE INDUSTRY, 2017–2020 (USD THOUSAND)
                                 TABLE 93 POST-COVID-19: INDUSTRIAL ETHERNET MARKET IN AFRICA, BY END-USE INDUSTRY, 2021–2026 (USD THOUSAND)

11 COMPETITIVE LANDSCAPE (Page No. - 134)
     11.1 MARKET EVALUATION FRAMEWORK
          FIGURE 29 COMPANIES ADOPTED PRODUCT LAUNCHES/DEVELOPMENTS, EXPANSIONS, AND ACQUISITIONS AS KEY GROWTH STRATEGIES FROM 2018 TO 2020
     11.2 MARKET SHARE ANALYSIS, 2020
          TABLE 94 INDUSTRIAL ETHERNET MARKET: DEGREE OF COMPETITION
     11.3 COMPANY EVALUATION QUADRANT
             11.3.1 INDUSTRIAL ETHERNET MARKET
                        11.3.1.1 Star
                        11.3.1.2 Emerging leader
                        11.3.1.3 Pervasive
                        11.3.1.4 Participant
                                 FIGURE 30 INDUSTRIAL ETHERNET MARKET: COMPANY EVALUATION QUADRANT, 2020
     11.4 COMPETITIVE SCENARIO
             11.4.1 PRODUCT LAUNCHES
                    TABLE 95 INDUSTRIAL ETHERNET MARKET: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2020
             11.4.2 DEALS
                    TABLE 96 INDUSTRIAL ETHERNET MARKET: DEALS, JANUARY 2018–DECEMBER 2020

12 COMPANY PROFILES (Page No. - 144)
     12.1 KEY PLAYERS
(Business Overview, Products/ Services/Solutions Offered, Recent Developments, and MnM View)*
             12.1.1 SIEMENS
                    TABLE 97 SIEMENS: BUSINESS OVERVIEW
                    FIGURE 31 SIEMENS: COMPANY SNAPSHOT
             12.1.2 ROCKWELL AUTOMATION
                    TABLE 98 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
                    FIGURE 32 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
             12.1.3 CISCO
                    TABLE 99 CISCO: BUSINESS OVERVIEW
                    FIGURE 33 CISCO SYSTEMS: COMPANY SNAPSHOT
             12.1.4 BELDEN INC.
                    TABLE 100 BELDEN: BUSINESS OVERVIEW
                    FIGURE 34 BELDEN INC. (HIRSCHMANN): COMPANY SNAPSHOT
             12.1.5 OMRON
                    TABLE 101 OMRON: BUSINESS OVERVIEW
                    FIGURE 35 OMRON: COMPANY SNAPSHOT
             12.1.6 MOXA
                    TABLE 102 MOXA: BUSINESS OVERVIEW
             12.1.7 HUAWEI TECHNOLOGIES
                    TABLE 103 HUAWEI TECHNOLOGIES: BUSINESS OVERVIEW
                    FIGURE 36 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT
             12.1.8 SICK
                    TABLE 104 SICK: BUSINESS OVERVIEW
                    FIGURE 37 SICK: COMPANY SNAPSHOT
             12.1.9 SCHNEIDER ELECTRIC
                    TABLE 105 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                    FIGURE 38 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
             12.1.10 ABB
                     TABLE 106 ABB: BUSINESS OVERVIEW
                     FIGURE 39 ABB: COMPANY SNAPSHOT
             12.1.11 GE GRID SOLUTIONS
                    TABLE 107 GE GRID SOLUTIONS: BUSINESS OVERVIEW
             12.1.12 ADVANTECH
                     TABLE 108 ADVANTECH: BUSINESS OVERVIEW
                     FIGURE 40 ADVANTECH: COMPANY SNAPSHOT
             12.1.13 HMS NETWORKS
                     TABLE 109 HMS NETWORKS: BUSINESS OVERVIEW
                     FIGURE 41 HMS NETWORKS: COMPANY SNAPSHOT
             12.1.14 IFM ELECTRONIC
                     TABLE 110 IFM ELECTRONICS: BUSINESS OVERVIEW
             12.1.15 WEIDMULLER
                     TABLE 111 WEIDMULLER: BUSINESS OVERVIEW
             12.1.16 PATTON
                     TABLE 112 PATTON: BUSINESS OVERVIEW
             12.1.17 BECKHOFF AUTOMATION
                     TABLE 113 BECKHOFF AUTOMATION: BUSINESS OVERVIEW
*Business Overview, Products/ Services/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     12.2 OTHER COMPANIES
             12.2.1 HONEYWELL
             12.2.2 AAEON
             12.2.3 HANS TURCK
             12.2.4 BOSCH REXROTH

13 APPENDIX (Page No. - 202)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study has involved four major activities in estimating the size of the industrial ethernet market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these 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 total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the industrial ethernet market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows

Industrial Ethernet 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 total size of the industrial ethernet market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:

  • 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.
  • Revenue of various industrial ethernet hardware, software, and services providers is considered to arrive at global numbers.
  • 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 from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the industrial ethernet market has been validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the industrial ethernet market, by offering, protocol, and end-use industry, in terms of value
  • To describe and forecast the market size, by region, for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To describe the value chain of the industrial ethernet market
  • To analyze opportunities in the market for stakeholders and describe the competitive landscape of the market
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To analyze competitive developments such as product developments/launches, expansion, and acquisitions in the market

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 based on various blocks of the value chain.
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