Global Industrial Ethernet/IP Market 2017-2021
About Industrial Ethernet/IP
Ethernet/IP is the most preferred Ethernet protocol for industrial automation, which supports the industrial connectivity, enabling fast decision making and cutting down on operating expenses. It is mainly used for high-level industrial systems and for adding many devices simultaneously to the network. The major components that are considered in the report are Ethernet switches, gateways, and routers.Technavio’s analysts forecast the global industrial ethernet/IP market to grow at a CAGR of 16.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial ethernet/IP market for 2017-2021. To calculate the market size, the report considers new installations, retrofit, replacement, and aftersales services.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Ethernet/IP Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial ethernet/IP market: Beckhoff, HMS, Moxa, Rockwell Automation, and RTA.
Other Prominent Vendors in the market are: Belden, CISCO, Huawei, Innovasic, Mitsubishi Electric, Molex, NetModule, and UTTHUNGA.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for automotive Ethernet. Automotive Ethernet is a physical network of wired connections used to connect all the components used inside a car. Basically, the electronics or the components being used inside the car are getting more complicated with the advancement in technology, implementation of sensors, automatic controls, and interfaces with higher bandwidth requirements.”
According to the report, one driver in the market is increased penetration of Ethernet networks in process industries. The use of Ethernet/IP was low during the base year. However, it is expected to rise during the forecast period owing to its capacity to transfer data at high-speed. The complex devices with sensors and controllers installed in the factory floor are proving to be suitable for Ethernet/IP. In addition, multiple process automation suppliers are supporting the installation. The majority of the process field devices communicate with each other through SCADA, DCS, and PLC, which are presently employed with Ethernet protocols to connect local as well as wide area networks.
Further, the report states that one challenge in the market is growing popularity of wireless technology. Wireless technology includes WLAN (wireless local area network), Bluetooth as well as Wi-Fi, and is gaining popularity in the market, especially in the case of industries as it eliminates the need for cabling and reduces the cost to a good margin. Trends in wireless technology have witnessed a stable growth since 2015 and are expected to grow further during the forecast period owing to the flexibility of implementation. Wireless technology enables the experts to work with BYOD (bring your own device) solutions, be it a smartphone or a tablet, and are responsible for controlling machines at the manufacturing level.
Beckhoff, HMS, Moxa, Rockwell Automation, RTA, Belden, CISCO, Huawei, Innovasic, Mitsubishi Electric, Molex, NetModule, and UTTHUNGA.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook