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The Industrial Communication Market is projected to reach from USD 21.9 billion in 2023 to USD 29.0 billion by 2028; it is expected to grow at a CAGR of 5.7% from 2023 to 2028. The industrial communication market's overall growth is driven by the growing need for scalable, faster, reliable, and interoperable communication protocols, increasing use of digital twin to safely monitor smart manufacturing operations, initiatives undertaken by governments of different countries to promote the adoption of industrial automation, and increasing use of machine-to-machine communication technology.

Cisco Systems, Inc. (US), Siemens (Germany), Rockwell Automation (US),  OMRON Corporation (Japan), Moxa Inc. (Taiwan),  Huawei Technologies Co., Ltd. (China), SICK AG (Germany), Schneider Electric (France), ABB (Switzerland), Belden Inc. (US), GE (France), Advantech Co., Ltd (Taiwan), FANUC CORPORATION  (Japan), Bosch Rexroth AG (Germany), AAEON Technology Inc. (Taiwan), HMS Networks (Sweden), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan),  Ericsson (Sweden), Hans Turck GmbH & Co. KG (Germany), ACS Motion Control (Israel), Eaton (Ireland), Beckhoff Automation (Germany), Hitachi, Ltd. (Japan)  are some of the key players in the industrial communication market. Product launches and developments have been the most dominating strategy adopted by the key players from 2020 to 2023 to help them broaden their customer base.  

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

CISCO SYSTEMS, INC.

Cisco Systems, Inc. is a communications and information technology company that designs, manufactures, and sells Internet Protocol-based networking devices and services. Cisco Systems Inc., hardware, software, and services that it offers are utilized to provide Internet solutions that enable networks to provide easy access to information at any time and from any location. The company sells its goods and services to corporate organizations, commercial businesses, service providers, and consumers, both directly and through channel partners. The company offers a wide range of products in networks, wireless and mobility, and unified communication.

SIEMENS

Siemens is positioned globally in the fields of electrification, automation, and digitalization. It is a leading supplier of power generation, transmission, and medical diagnosis systems. The company also plays a pioneering role in infrastructure and industrial solutions. Siemens operates its industrial business through the Digital Industries, Smart Infrastructure, Siemens Healthineers, Siemens Financial Services, and Mobility segments. The Digital Industries segment offers a wide-ranging product portfolio and systems solutions for automation in discrete and process industries. These offerings comprise automation systems and software for factories, motors, numerical control systems, drives, and inverters, and integrated automation systems for machine tools and production machines. This segment also provides process control systems, machine-to-machine communication products, and radio frequency identification systems.

ROCKWELL AUTOMATION

Rockwell Automation is the continuation of the business established as the Allen-Bradley Company. The privately owned Allen-Bradley Company was one of the leading North American manufacturers of industrial automation equipment. The former Rockwell International Corporation (RIC) acquired it in 1985. It is one of the innovators in electrical explosion protection and sensor technologies. The company is involved in manufacturing automation solutions and reliable explosion protection solutions for plants/manufacturing facilities. The company operates through three segments—Intelligent Devices, Software & Control, and Life Cycle Services. The Software and Control systems include hardware, software, and communication products. The company specializes in industrial automation and information and communication technology (ICT) to enhance the productivity of its customers. This integrated portfolio is capable of controlling industrial processes and manufacturing, as well as providing connections to enterprise business systems.

OMRON Corporation

Omron is a global leader in the field of automation. Its business fields cover a broad spectrum, ranging from industrial automation and electronic components to social systems, including automated ticket gates, solar power conditioners, and healthcare products. Its products include control equipment, electronic components, automotive electronic components, social systems, and healthcare devices. The company mainly deals in four businesses: factory automation, healthcare, mobility, and energy management. Omron has been supporting the industrial sector with innovative solutions and advanced technologies. It operates through 5 segments: Industrial Automation Business; Healthcare Business; Electronic and Mechanical Components Business; and Social Systems, Solutions & Service Business. The Industrial Automation Business provides control components and systems for factory automation. It manufactures and sells programmable logic controllers (PLCs), sensors, and switches that are used in automation systems in the automotive industry.

MOXA Inc.

Moxa Inc. is a prominent provider of industrial networking, computing, and automation solutions that enable customers to connect to industrial computing and network infrastructure solutions. The company’s offerings include industrial Ethernet solutions, industrial computing, serial connectivity, IP surveillance, and remote automation. These products and solutions have connected over 65 million devices worldwide in a wide range of applications, including factory automation, smart rail, smart grid, intelligent transportation, oil & gas, marine, and mining. Moxa’s Industrial Ethernet Solutions specialize in automation network convergence that unifies various industrial networks with Ethernet-centric wired, wireless, and serial connectivity into one integrated network architecture. The solutions provide edge-to-core coverage with proven reliability, nonstop redundancy, wide area network/virtual local area network (WAN/VLAN) security, plant-wide integration, and visualized management.

Related Reports:

Industrial Communication Market by Components (Switches, Gateways, Power Supply Devices, Router & WAP, Communication Interface & Protocol Converters, Controllers), Software, Services, Communication Protocol, Vertical and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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