Industry Background:
Industrial Ethernet is an advanced version of the traditional ethernet, which meets the requirement of control level and determinism. With the rise in industrial communication is highly relies on the industrial ethernet which comprises everything for growing industrial networks and bus systems. These Ethernets provides powerful, future-proof network components for reliable use in harsh industrial environments. It provides requisite level of robustness and reliability, it can connect all levels of business, including plant floor to enterprises. It ensures high availability functions to support control, data, and other functions. The major cause behind this is the increasing number of networks that are utilized in manufacturing and process applications.This growth is primarily driven by Rising Number of Industrial Automation and Control Devices across the Enterprises, Rising Requirement of Improved Network Flexibility
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Networking Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Belden (United States), Siemens (Germany), Moxa (China), Phoenix Contact (Germany), Red Lion Controls (United States), Cisco (United States), Schneider Electric (France), Rockwell Automation (United States), Beckhoff Automation (Germany) and Westermo (Sweden), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Apr 2019, Advantech announced the launch of the waterproof, anti-vibration and PLC compliant Ethernet solution, which is highly-designed for the harsh environment, high humidity and vibration.The global industrial ethernet market is moderately high competitive and having key leading players. With respect to the market share, some of the key players are highly dominating the global market. These leading players are focusing on strategic initiatives to enhance their market share and improve their profitability.
Influencing Trend:
Industrial Ethernet is highly adopted as a standard definition of automation control networks. With the integration of various components, processor and memory majorly for the software protocol stack, Ethernet controller and physical layer for lower Ethernet layers. This helps in various application-specific modules, which allows reducing BOM and the cost.
Market Growth Drivers:
Rising Number of Industrial Automation and Control Devices across the Enterprises, Rising Requirement of Improved Network Flexibility, High Adoption of IIoT and Rising Presence of Advanced Industrial Ethernet Protocols in Smart Factories
Challenges:
High Transportation of Fieldbus System to Industrial Ethernet
Restraints:
Complex in Transportation of Old Systems to a New Protocol, Rising Concern towards High Network Security and Strict Standardization of Protocols by Governments
Opportunities:
Rising Deployment of Industrial Ethernet across the APAC Region and Increasing Movements of Industrial Revolution 4.0
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Industrial Ethernet Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Industrial Ethernet Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Industrial Ethernet players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Industrial Ethernet Study Sheds Light on
The Industrial Ethernet Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Industrial Ethernet industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Ethernet industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.