Global industrial communication market is set to witness a healthy CAGR of 11.12% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing adoption of industrial internet of things and increasing demand for wireless networks are the factor for the growth of this market.
Industrial communication market research report displays key data and information about several factors which helps achieve success in the competitive marketplace. Summary of the market is analysed with respect to market players who are mainly customers, businesses or clients. SWOT analysis is the standard, prominent and full-proof method to perform the market research study which is used to formulate this particular industrial communication market report. To be ahead of the competition, a systematic idea about the competitive landscape, their product range, their strategies, and future prospects are very important. This Market Report provides data on patterns and improvements, target business sectors and materials, limits and advancements.
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The topic of market segmentation covers research and analysis based on application, vertical, deployment model, end user, and geography. In addition, competitive analysis assists to get ideas about the strategies of key players in the market via this industrial communication report. Some of these strategies can be named as; new product launches, expansions, agreements, partnerships, joint ventures, acquisitions, and others that help to broaden their footprints in the semiconductors&electronics industry. The market share of key competitors on global level is studied where main regions such as Europe, North America, Asia Pacific and South America are covered in this industrial communication market report.
Few of the major competitors currently working in the industrial communication market are SICK AG, OMRON Corporation, Schneider Electric, Belden Inc., Siemens, Rockwell Automation, Inc., ABB, General Electric, Advantech Co., Ltd., HMS Networks, ifm electronic gmbh, Telefonaktiebolaget LM Ericsson, Honeywell., B&R, Bosch Rexroth AG, Anixter Inc., Texas Instruments Incorporated, TE Connectivity, National Instruments, Molex, Pepperl+Fuchs Factory Automation Pvt. Ltd., and others.
Global industrial communication market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial communication market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Increasing demand for faster and reliable communication protocols is driving market growth
Rising government initiatives to support industrial automation will also accelerate the market growth
Growing industrial revolution 4.0 is also enhancing the growth of the market
Increasing advances in communication technology will also contribute as a factor for the growth of this market
Dearth of standardization among equipment manufacturer will restrain the market growth
Issues associated with data safety and security will also hamper the market growth
Availability of legacy systems with harsh industry environment will also restrict the growth of this market
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
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Segmentation: Global Industrial Communication Market
Hubs, Routers, and Gateways
Power Supply Devices
Controllers and Processors
Isolators and Convertors
By Communication Protocol
Foundation Fieldbus and Hart
Modbus – TCP
By End- User
Automotive and Transportation
Electrical and Electronics
Aerospace & Defense
Oil & Gas
Chemicals and Fertilizers
Food & Beverages
Energy & Power
Water and Wastewater
Middle East and Africa
Key Developments in the Market:
In June 2019, Renesas Electronics Corporation announced the launch of their RX72M Group of RX microcontrollers which consist of EtherCAT slave controller for industrial Ethernet communication. This new device will provide single-chip MCU and high performance solutions. The new RX72M Group has the ability to provide superior performance of a 1396 CoreMark score at 240MHz and it is capable of both application processing and EtherCAT communication
In January 2019, Pepperl+Fuchs Comtrol announced the launch of their new product in their DeviceMaster industrial gateway lineup which is specially designed to allow communication among EtherNet/IP and Modbus controllers. This new device will enable the communication among Modbus masters, EtherNet/IP controller and Modbus slave devices
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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