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Industrial Ethernet Market Size, Share, Industry Trends and Forecast to 2030

Industrial Ethernet Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Industrial Ethernet Market Size & CAGR in 2021:

The global industrial Ethernet market size in 2021 was estimated to be USD 54.6 billion. The market is expected to grow at a CAGR of 7.3% from 2021 to 2026, reaching USD 78.4 billion by the end of the forecast period. The increasing adoption of Industry 4.0 technologies, such as IoT, AI, and machine learning, is driving the growth of the industrial Ethernet market.

COVID-19 Impact on Industrial Ethernet Market:

The COVID-19 pandemic had a mixed impact on the industrial Ethernet market. On one hand, the pandemic led to disruptions in supply chains and manufacturing operations, affecting the demand for industrial Ethernet solutions. On the other hand, the increased adoption of remote working and virtual collaboration during the pandemic increased the need for robust and secure industrial Ethernet networks to support these activities. As a result, the market witnessed a surge in demand for industrial Ethernet solutions for remote monitoring and control.

Industrial Ethernet Dynamics:

The industrial Ethernet market is driven by the growing trend of digitalization across industries, the need for real-time data exchange and communication in industrial environments, and the increasing adoption of IoT devices and sensors. The integration of industrial Ethernet with advanced technologies like AI and machine learning is further fueling market growth. However, challenges such as cybersecurity threats and interoperability issues pose as barriers to market expansion.

Segments and Related Analysis:

By Component:

  • Hardware
  • Software
  • Services

By Protocol Type:

  • PROFINET
  • EtherNet/IP
  • Modbus TCP
  • POWERLINK

By Industry Vertical:

  • Manufacturing
  • Automotive
  • Energy & Power
  • Oil & Gas

By Region Analysis:

The industrial Ethernet market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has historically been a dominant market for industrial Ethernet solutions, driven by the presence of key players and early adopters of advanced technologies. However, the Asia Pacific region is witnessing significant growth due to rapid industrialization and the increasing focus on smart manufacturing initiatives.

Key Market Players and Competitive Landscape:

Some of the key players in the industrial Ethernet market include Siemens AG, Rockwell Automation, Inc., Cisco Systems, Inc., ABB Ltd., and Schneider Electric. These companies are actively involved in product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market presence and gain a competitive edge. The market is highly competitive, with a focus on offering customized solutions and services to meet the evolving needs of industrial customers.

Recent Happenings in the Industrial Ethernet Market:

- Siemens AG announced the launch of its new industrial Ethernet switches with enhanced cybersecurity features to address the growing concerns of cyber threats in industrial networks. - Rockwell Automation, Inc. partnered with Microsoft to integrate its industrial Ethernet solutions with Azure IoT services, enabling seamless connectivity and data exchange in industrial environments. - Cisco Systems, Inc. introduced new industrial routers and switches with support for advanced protocols like EtherNet/IP to improve network performance and reliability in manufacturing facilities. - ABB Ltd. collaborated with Intel to develop innovative industrial Ethernet solutions for the energy sector, leveraging Intel's expertise in edge computing and connectivity technologies.

Frequently Asked Questions (FAQ):