Industrial Communication Market

Market Leader - Industrial Communication Market

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.

In 2019, the industrial communication market was mainly dominated by 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). Product launches and developments, expansions and acquisitions have been the most dominating strategies adopted by major players from January 2018 to July 2020, which helped them to innovate on their product offerings, cope up with the COVID-19 outbreak and broaden their customer base.

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

Top 2 players in the Industrial communicationn  Market are:

Cisco (US)

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.

  • 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. Ciscos 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.

Siemens (Germany)

Siemens is positioned globally in the fields of electrification, automation, and digitalization. It is a leading supplier of systems for power generation and transmission, and medical diagnosis. The company also plays a pioneering role in infrastructure and industrial solutions.

Siemens operates its industrial business through the Gas and Power, Digital Industries, Smart Infrastructure, Siemens Healthineers, Siemens Gamesa Renewable Energy, 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.

  • In March 2020, Siemens expanded Simove, the scalable automation solution for automated guided vehicle (AGV) applications, to include functionality for omnidirectional control. The new software supports unrestricted freedom of movement for AGVs.
  • In December 2019, Siemens announced the release of two firmware updates for Simatic controllers that provide new functions. The Simatic S7-1500 firmware V2.8 improves cross-device capabilities for data integration and diagnostics functions. The Simatic S7-1200 firmware V4.4 extends the communication functions of Simatic S7-1200, enhancing cross-platform data transfer with other controllers and higher-level or cloud-based systems such as ERP, SCADA, and MindSphere. The applications are numerous, ranging from industrial use to agriculture and infrastructure 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.

Related Reports:

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

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

Report Code
SE 4645
RI Published ON
10/1/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Industrial Communication Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved