About Industrial Connectivity
Industrial connectivity is the automation in industrial operations that works by opening the channel for advanced communication and data transmission across the systems. It is the solutions that allow the data to circulate and aggregate in all the machines used in industrial operations. Industrial connectivity helps in boosting productivity, efficiency, and effective results along with maintaining security restrictions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd (Switzerland), MachineMetrics Inc. (United States), Rockwell Automation, Inc. (United States), Siemens AG (Germany), Honeywell (United States), Schneider Electric (France), SAP SE (Germany), General Electric Company (United States), Microsoft Corporation (United States), Sierra Wireless (Canada), Cisco Systems, Inc (United States) and Airgain, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Connectivity market by Type (Serial Connectivity, Remote I/O Connectivity, IIoT Device Connectivity, Ethernet Network Nodes, Wireless Network Nodes, Network Gatekeepers, Future-ready Industrial Networks and Others) and Region.
On the basis of geography, the market of Industrial Connectivity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. Systems will boost the Industrial Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Aerospace & Defense will boost the Industrial Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wi-Fi will boost the Industrial Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of the IoT Infrastructure and Machine Learning in the Industries
Market Growth Drivers:
Growing Demand for the Scalability, Faster and Effective Industrial Productivity and Demand for Automation in the Machine Performance with the Easy Data Aggregation in Industries
Challenges:
Stringent Regulatory Compliances with the Industrial Connectivity
Restraints:
Cyber Data Security Related Risk Hindering the Industrial Connectivity Market
Opportunities:
Growing Investment in the data Networking and Analytical Infrastructure for High-Speed Ethernet, Edge & Cloud Computing
Market Leaders and their expansionary development strategies
In January 2021, Airgain, Inc has acquired privately-held NimbeLink Corp., a leader in the cellular industrial Internet of Things solutions and services. The addition of NimbeLink’s embedded modem products and asset tracking solutions is key to Airgain’s ongoing strategy to expand its penetration of the multi-billion-dollar Industrial IoT and M2M (machine-to-machine) markets.
In September 2020, Schneider Electric and Orange, a global telecoms operator and leader in digital services, announced the first deployment of indoor 5G in the industrial sector in France on experimental frequencies as part of a trial. Operating since March, this first co-innovation project in the Le Vaudreuil factory aims to use 5G in a modern industrial environment to build reliable, scalable, and sustainable connectivity solutions for future industrial needs
Key Target Audience
Industrial Connectivity Platform Developers, Industrial Connectivity Providers, Industry Associations, Research and Development Instituts, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.