Global Industrial Communication Market

Industrial Communication Market Size, Share, Growth Analysis, Offering (Component, Software), By Vertical (Automotive, Pharmaceuticals & Medical), By Communication Protocol (Industrial Ethernet, Wireless), By Region -Industry Forecast 2025-2032

Report ID: SQMIG45J2245 | Region: Global | Published Date: November, 2024
Pages: 199 | Tables: 92 | Figures: 72

Industrial Communication Market Regional Insights

North America is dominating with the largest industrial communication market share. There is increasing demand for industrial communication market as manufacturing is become smarter and transitioning towards industry 4.0 In the automotive, aerospace and pharmaceutical sectors, manufacturers are investing more in automation solutions to improve production efficiency and labor cost reductions. The emergence of cutting-edge technologies includes technologies like AI, ML, and IIoT, which also contributes to the regional growth since organizations operating in this market tend to be always looking for ways to optimize operations & enhance the real-time decision-making process. Moreover, the market growth is driven by the reshoring manufacturing and rising demand for energy-efficient systems. Smart manufacturing supported by advanced communication technologies is applied in high-tech industries which emphasizes upon electronics, automotive, healthcare, and more. Nowadays, many companies are also becoming interested in digitalization and robotics technology to enhance competitiveness and innovation.

The Asia-Pacific market is witnessing the fastest growth in the industrial communication market. The requirement for communication in countries like China, Japan, and South Korea has increased extensively due to fast industrialization and urbanization. These countries are progressively embracing automation solutions to boost productivity to stay competitive in the global market, especially electronics, automotive, and textiles. Manufacturers ever-increasing labor expenditures and demand to minimize operational inefficiency steer them towards high-tech communication technologies which allow smooth data transfer and command of automated machinery. In addition, initiatives by the government to deploy smart manufacturing coupled with high technology providers in the region is expected to positively affect the industrial communication market in the region.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Industrial Communication Market size was valued at USD 19.99 Billion in 2022 and is poised to grow from USD 21.15 Billion in 2023 to USD 33.20 Billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The growth of the industrial communication market can be attributed to the fact that by bridging the distance between distant sites, these solutions boost management effectiveness and shorten the time needed to reach crucial business decisions. Critical technology pillars for the worldwide mining sector include connectivity, real-time data delivery, collaboration, and machine-to-machine (M2M) communications. Market players are acquiring substantial market share as they provide a variety of solutions aligned with the changing industry needs including high-speed data transfer, real-time control, and communication protocols. As industries continue to transition toward digitalization and smart manufacturing, these companies are expected to maintain their leadership by innovating in areas such as edge computing, 5G integration, and cybersecurity for industrial networks. '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)'

Industrial ethernet plays a vital role in achieving total transparency in an industrial plant and between plant and enterprise networks. At the core of industry 4.0 is a constant communication network. Industrial automation and industrial communication networks are entirely based on real-time operational requirements. Additionally, they need to be able to scale across a wide spectrum of software supporting different standards and interfaces. A factory system shall have faster response times, better efficiency and higher reliability.

Growing Demand for Smart Connectivity: Industrial modular connectors went a step further by performing active functions like surge voltage protection to protect digital or analogue I/O sensor circuits, or energy measurement and status monitoring. Integrating surge protection, energy measurement, machinery ID and even an ethernet switch into the connector removes the need for discrete devices and cabling for those functions. For instance, the fact that surge protection integrated into the connector needs no more than a few surge arresters inside a control cabinet.

North America is dominating with the largest industrial communication market share. There is increasing demand for industrial communication market as manufacturing is become smarter and transitioning towards industry 4.0 In the automotive, aerospace and pharmaceutical sectors, manufacturers are investing more in automation solutions to improve production efficiency and labor cost reductions. The emergence of cutting-edge technologies includes technologies like AI, ML, and IIoT, which also contributes to the regional growth since organizations operating in this market tend to be always looking for ways to optimize operations & enhance the real-time decision-making process. Moreover, the market growth is driven by the reshoring manufacturing and rising demand for energy-efficient systems. Smart manufacturing supported by advanced communication technologies is applied in high-tech industries which emphasizes upon electronics, automotive, healthcare, and more. Nowadays, many companies are also becoming interested in digitalization and robotics technology to enhance competitiveness and innovation.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Industrial Communication Market

Report ID: SQMIG45J2245

$5,300
BUY NOW GET FREE SAMPLE