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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

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

“Industrial communication market to grow at 11.14% CAGR during 2018-2023”
The industrial communication market is expected to reach USD 83.2 billion by 2018 from USD 141.0 billion by 2023, at a CAGR of 11.14% during 2018-2023. The market is mainly driven by the adoption of Industrial Internet of Things (IIoT) and advancement in M2M communication technology for industrial networking. The growth of Industry 4.0 practices in Europe and North America propels the implementation of industrial communication offerings. Different standards adopted by various equipment manufacturers are hindering the data collection and information generating process, and acting as a major restraint for the industrial communication market.

“Automotive and transportation to hold major share of industrial communication market during forecast period”
Among the end-use applications considered, automotive and transportation is the largest contributor to the overall industrial communication market by 2018. The increasing number of automotive manufacturing hubs in the world implementing advanced automation techniques for production is expected to boost the demand for industrial communication offerings. Additionally, Ethernet (IEEE 802.3) is a widely used protocol in automotive manufacturing. In the automotive industry, many processes are controlled through computers, and Ethernet is one of the most suitable protocols for computer-enabled communication.

“Water and wastewater application to register highest CAGR in market during forecast period”
The demand for effective industrial communication in the water and wastewater industry is on rise with the growing need to manage and increase the efficiency of the plants in response to the increasing water scarcity and complexity of water management in water utilities and plants. Rain gauges and smart flowmeters are the most commonly used instruments in the water facilities. Water level monitoring sensors, AC drives, and controllers are crucial components of the water treatment systems, and the industrial communication network is used to facilitate communication among these devices. All these factors are expected to fuel the growth of the industrial communication market for the water and wastewater applications during the forecast period.

“The industrial communication market in APAC to grow at highest CAGR during forecast period”
Japan, China, and India are the major contributors to the industrial communication market in APAC. The region is a leading industrial hub for several industries including automotive, electrical, and electronics. It is the largest automobile producer in the world. Moreover, countries such as China, India, and South Korea are the leading manufacturers of consumer electronics devices in APAC, including smartphones, laptops, and gaming consoles. The large-scale development exhibited by the emerging economies in this region with the use of advanced technologies for manufacturing is contributing to the growth of the industrial communication market. Additionally, various initiatives undertaken by governments of APAC countries to encourage the development of large and medium enterprises are also providing impetus to the industrial communication market growth.

Breakdown of profile of primary participants:
By Company Type: Tier 1 = 18%, Tier 2 = 22%, and Tier 3 = 60%
By Designation: C-Level Executives = 21%, Directors = 35%, and Others = 44%
By Region: North America = 22%, Europe = 26%, APAC = 39%, and RoW = 13%

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) are a few key players in the industrial communication market.

Research Coverage:
The market by communication protocol covers Fieldbus, industrial Ethernet, and wireless protocols.
The market by end-use application covers automotive and transportation, electrical and electronics, aerospace & defense, oil & gas, water and wastewater, food & beverages, pharmaceuticals, energy & power, mining, chemicals and fertilizers, and engineering/fabrication, among others.
The market by offering covers components, software, and services.
The geographic analysis is based on 4 major regions—North America, Europe, APAC, and RoW. (RoW includes South America, and the Middle East and Africa).

Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial communication market and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • Table ASSUMPTIONS FOR STUDY
    • LIMITATIONS
      • Table LIMITATIONS OF STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITY IN INDUSTRIAL COMMUNICATION
    • INDUSTRIAL COMMUNICATION MARKET, BY OFFERING
    • INDUSTRIAL COMMUNICATION MARKET SHARE,
    • ELECTRICAL AND ELECTRONICS TO HOLD LARGEST SHARE OF
    • INDUSTRIAL COMMUNICATION MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table REGULATORY MANDATES RELATED TO M2M COMMUNICATIONS BY SOME APAC COUNTRIES
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRIAL COMMUNICATION MARKET, BY OFFERING
    • INTRODUCTION
      • Table INDUSTRIAL COMMUNICATION MARKET, BY OFFERING, 2015–2023 (USD BILLION)
    • COMPONENTS
      • MARKET FOR INDUSTRIAL CONTROLLERS AND PROCESSORS TO
        • Table INDUSTRIAL COMMUNICATION MARKET FOR COMPONENT, BY TYPE, 2015–2023 (USD BILLION)
      • SWITCHES
      • HUBS, ROUTERS, AND GATEWAYS
      • CONNECTORS
      • COMMUNICATION INTERFACES
      • POWER SUPPLY DEVICES
      • CONTROLLERS AND PROCESSORS
      • MEMORY
      • ISOLATORS AND CONVERTORS
      • OTHERS
    • SOFTWARE
      • 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
    • SERVICES
      • GROWING FOCUS TOWARD COMPREHENSIVE INDUSTRIAL COMMUNICATION SOLUTION FROM TIER 1 PLAYERS TO DRIVE INDUSTRIAL COMMUNICATION SERVICES MARKET
  • INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL
    • INTRODUCTION
      • Table INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
    • FIELDBUS
      • Table INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS, BY TYPE, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET, BY REGION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN EUROPE, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN APAC, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR FIELDBUS IN ROW, BY REGION, 2015–2023 (USD BILLION)
      • FOUNDATION FIELDBUS AND HART
      • PROFIBUS
      • MODBUS
      • CC- LINK
      • DEVICENET
      • CANOPEN
      • INTERBUS
      • OTHERS
    • INDUSTRIAL ETHERNET
      • Table INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET, BY TYPE, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET, BY REGION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN EUROPE, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN APAC, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR INDUSTRIAL ETHERNET IN ROW, BY REGION, 2015–2023 (USD BILLION)
      • PROFINET
      • ETHERNET/IP
      • ETHERCAT
      • MODBUS - TCP
      • POWERLINK
      • SERCOS III
      • CC–LINK IE
    • WIRELESS
      • Table INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS IN ROW, BY PROTOCOL, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS COMMUNICATION PROTOCOL, BY REGION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS COMMUNICATION PROTOCOL IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS COMMUNICATION PROTOCOL IN EUROPE, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS COMMUNICATION PROTOCOL IN APAC, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET FOR WIRELESS COMMUNICATION PROTOCOL IN ROW, BY REGION, 2015–2023 (USD BILLION)
      • WLAN
      • ISA100.11A
      • CELLULAR
      • WHART
      • ZIGBEE
      • OTHERS
  • INDUSTRIAL COMMUNICATION MARKET, BY END-USE APPLICATION
    • INTRODUCTION
      • Table INDUSTRIAL COMMUNICATION MARKET, BY END-USE APPLICATION, 2015–2023 (USD BILLION)
    • AUTOMOTIVE AND TRANSPORTATION
      • INTENSE COMPETITION IN AUTOMOTIVE INDUSTRY LEADING TO SURGE IN DEMAND FOR EFFICIENT INDUSTRIAL COMMUNICATION TO STREAMLINE PRODUCTION PROCESSES
        • Table INDUSTRIAL COMMUNICATION MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2015–2023 (USD BILLION)
    • ELECTRICAL AND ELECTRONICS
      • SHIFT FROM FIELDBUS TO ETHERNET COMMUNICATION PROTOCOL TO PROPEL GROWTH OF MARKET FOR ELECTRICAL AND ELECTRONICS INDUSTRIES
        • Table INDUSTRIAL COMMUNICATION MARKET FOR ELECTRICAL AND ELECTRONICS, BY REGION, 2015–2023 (USD BILLION)
    • AEROSPACE & DEFENSE
      • ESSENTIALITY OF COST OPTIMIZATION THROUGH AUTOMATION AND INDUSTRY 4.0 IN AEROSPACE AND DEFENSE INDUSTRY TO RAISE DEMAND FOR INDUSTRIAL COMMUNICATION TECHNOLOGIES
        • Table INDUSTRIAL COMMUNICATION MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 2015–2023 (USD BILLION)
    • OIL & GAS
      • INCREASING DEMAND FOR AUTOMATION IN OIL & GAS INDUSTRY TO PROPEL ADOPTION OF ADVANCED INDUSTRIAL COMMUNICATION TECHNOLOGIES
        • Table INDUSTRIAL COMMUNICATION MARKET FOR OIL AND GAS, BY REGION, 2015–2023 (USD BILLION)
    • CHEMICALS AND FERTILIZERS
      • GROWING NEED FOR REMOTE DIAGNOSTICS OF SENSOR NODES AND ACTUATORS BOOSTS ADOPTION OF ADVANCED INDUSTRIAL COMMUNICATION TECHNOLOGIES IN CHEMICALS INDUSTRY
        • Table INDUSTRIAL COMMUNICATION MARKET FOR CHEMICALS AND FERTILIZERS, BY REGION, 2015–2023 (USD BILLION)
    • FOOD & BEVERAGES
      • HIGH DEMAND FOR AUTOMATION TECHNOLOGY DRIVEN BY STRINGENT REGULATIONS RELATED TO FOOD QUALITY AND SAFETY FUELS INDUSTRIAL COMMUNICATION MARKET FOR FOOD AND BEVERAGES INDUSTRY
        • Table INDUSTRIAL COMMUNICATION MARKET FOR FOOD AND BEVERAGES, BY REGION, 2015–2023 (USD BILLION)
    • PHARMACEUTICAL
      • INTENSE COMPETITION, HIGHER PRODUCTION REQUIREMENTS, AND STRICT REGULATORY ENVIRONMENT, ETC., TO PROMOTE ADOPTION OF TECHNOLOGICALLY ADVANCED COMMUNICATION SYSTEMS IN PHARMACEUTICAL INDUSTRY
        • Table INDUSTRIAL COMMUNICATION MARKET FOR PHARMACEUTICAL, BY REGION, 2015–2023 (USD BILLION)
    • ENERGY & POWER
      • RISING IMPLEMENTATION OF INDUSTRY 4.0 ACTS AS CATALYST FOR GROWTH OF INDUSTRIAL COMMUNICATION MARKET FOR ENERGY AND POWER INDUSTRY
        • Table INDUSTRIAL COMMUNICATION MARKET FOR ENERGY AND POWER, BY REGION, 2015–2023 (USD BILLION)
    • MINING
      • INDUSTRIAL COMMUNICATION AND AUTOMATION TECHNOLOGIES GAINING TRACTION IN MINING INDUSTRY FOR IMPROVING SAFETY, INCREASING PRODUCTION, AND REDUCING OPERATING COSTS
        • Table INDUSTRIAL COMMUNICATION MARKET FOR MINING, BY REGION, 2015–2023 (USD BILLION)
    • ENGINEERING/FABRICATION
      • ETHERNET COMMUNICATION PROTOCOL LIKELY TO SURPASS SHARE OF FIELDBUS INDUSTRIAL COMMUNICATION IN MARKET FOR ENGINEERING/FABRICATION APPLICATIONS BY 2023
        • Table INDUSTRIAL COMMUNICATION MARKET FOR ENGINEERING/FABRICATION, BY REGION, 2015–2023 (USD BILLION)
    • WATER AND WASTEWATER
      • 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
        • Table INDUSTRIAL COMMUNICATION MARKET FOR WATER AND WASTEWATER, BY REGION, 2015–2023 (USD BILLION)
    • OTHERS
      • Table INDUSTRIAL COMMUNICATION MARKET FOR OTHERS, BY REGION, 2015–2023 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table INDUSTRIAL COMMUNICATION MARKET, BY REGION, 2015–2023 (USD BILLION)
    • NORTH AMERICA
      • Table INDUSTRIAL COMMUNICATION MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN NORTH AMERICA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION))
      • US
        • Table INDUSTRIAL COMMUNICATION MARKET IN US, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • CANADA
        • Table INDUSTRIAL COMMUNICATION MARKET IN CANADA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • MEXICO
        • Table INDUSTRIAL COMMUNICATION MARKET IN MEXICO, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
    • EUROPE
      • Table INDUSTRIAL COMMUNICATION MARKET IN EUROPE, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN EUROPE, BY END-USE APPLICATION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN EUROPE, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • UK
        • Table INDUSTRIAL COMMUNICATION MARKET IN UK, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • GERMANY
        • Table INDUSTRIAL COMMUNICATION MARKET IN GERMANY, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • FRANCE
        • Table INDUSTRIAL COMMUNICATION MARKET IN FRANCE, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • SPAIN
        • Table INDUSTRIAL COMMUNICATION MARKET IN SPAIN, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • ITALY
        • Table INDUSTRIAL COMMUNICATION MARKET IN ITALY, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • REST OF EUROPE
        • Table INDUSTRIAL COMMUNICATION MARKET IN REST OF EUROPE, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION))
    • APAC
      • Table INDUSTRIAL COMMUNICATION MARKET IN APAC, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN APAC, BY END-USE APPLICATION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN APAC, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • CHINA
        • Table INDUSTRIAL COMMUNICATION MARKET IN CHINA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • JAPAN
        • Table INDUSTRIAL COMMUNICATION MARKET IN JAPAN, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • INDIA
        • Table INDUSTRIAL COMMUNICATION MARKET IN INDIA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • SOUTH KOREA
        • Table INDUSTRIAL COMMUNICATION MARKET IN SOUTH KOREA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION))
      • REST OF APAC
        • Table INDUSTRIAL COMMUNICATION MARKET IN REST OF APAC, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION))
    • REST OF THE WORLD
      • Table INDUSTRIAL COMMUNICATION MARKET IN ROW, BY REGION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN ROW, BY END-USE APPLICATION, 2015–2023 (USD BILLION)
      • Table INDUSTRIAL COMMUNICATION MARKET IN ROW, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
      • MIDDLE EAST
        • Table INDUSTRIAL COMMUNICATION MARKET IN MIDDLE EAST, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION))
      • SOUTH AMERICA
        • Table INDUSTRIAL COMMUNICATION MARKET IN SOUTH AMERICA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION))
      • AFRICA
        • Table INDUSTRIAL COMMUNICATION MARKET IN AFRICA, BY COMMUNICATION PROTOCOL, 2015–2023 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table MARKET RANKING ANALYSIS: INDUSTRIAL COMMUNICATION MARKET (2017)
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES/DEVELOPMENTS
        • Table PRODUCT LAUNCHES/DEVELOPMENTS (2015–2018)
      • PARTNERSHIPS/COLLABORATIONS
        • Table PARTNERSHIPS/COLLABORATIONS (2015–2018)
      • EXPANSIONS
        • Table EXPANSIONS (2015–2018)
  • COMPANY PROFILES
    • KEY PLAYERS
      • SICK AG
      • OMRON
      • SCHNEIDER ELECTRIC
      • BELDEN INC.
      • MOXA INC.
      • SIEMENS
      • ROCKWELL AUTOMATION
      • ABB
      • GE GRID SOLUTIONS, LLC
      • CISCO SYSTEMS
      • ADVANTECH
      • HMS INDUSTRIAL NETWORKS
      • IFM ELECTRONIC GMBH
      • ERICSSON
      • MITSUBISHI ELECTRIC GROUP
    • OTHER COMPANIES
      • HONEYWELL
      • B&R AUTOMATION
      • AAEON
      • HANS TURCK GMBH & CO. KG
      • BOSCH REXROTH AG
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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