About Industrial Communication
Communication Equipment allows transfer or transmission of data and conversation between any two points. Similarly Industrial communication which involves high technology edged communication solutions, allows seamless transmission of data, and communication between different segments in industry which leads to seamless coordination, higher efficiency and decrease of operational costs along with higher security than standard communication solutions. Rapid industrialisation, and advancement in connectivity technology has led to growth of the industrial communication market. North America is the biggest market of industrial communication.
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.
Siemens AG (Germany), Omron Corporation (Japan), Cisco Systems Inc. (United States), Rockwell Automation, Inc. (United States), Huawei Technologies Co., Ltd. (China), Schneider Electric SE (France), Advantech Co., Ltd. (Taiwan), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan) and Texas Instruments Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SICK AG (Germany), Moxa (Taiwan) and Infineon Technologies AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Communication market by and Region.
On the basis of geography, the market of Industrial Communication 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). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Industrial Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. IT and Telecom will boost the Industrial Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communication Protocol , the sub-segment i.e. Industrial Ethernet {Profinet, EtherNet/IP, EtherCAT and Others} will boost the Industrial Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware {Routers, Controllers, Connectors, Gateways and Others} will boost the Industrial Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Zigbee is rising in Popularity in Wireless Technology Segment
Market Growth Drivers:
Growth of End User Industries and Advances in Connectivity Technology
Challenges:
Rising Number of Cyber Security Threats
Restraints:
High Cost of Setup
Opportunities:
Emergence of 5G Technology is expected to Revolutionize Indoor Communications
Market Leaders and their expansionary development strategies
In 2019, Mitsubishi Electric Corporation, a Japanese multinational Electric and Electronic manufacturer has announced acquisition of ICONICS, Inc., which is an American software developer with speciailisation in IOT, Cloud, automation and analytics. The acquisition deal is expected to further develop the automation and IOT capabilities of Mitsubishi as well as expand its market in North America.
In 2020, HARTING Technology Group, a Germany based multinational in development of communications and power technology has announced launch of its new T1 Industrial connector. It is a single pair Ethernet solution which can provide seamless connection across industrial Ethernet protocols such as EtherCAT, Ethernet/IP and Others. The T1 industrial connector is based on power-over-data-line technology.
Key Target Audience
Industrial Communication Providers, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
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.