This report was recently updated on November 14 2024 with the latest and most recent
market numbers
Global Industrial Communication Market Size, Trends & Analysis - Forecasts to 2029 By Communication Protocol (Industrial Ethernet, Fieldbus, and Wireless), By Vertical (Automotive and Transportation, Industrial Manufacturing, Electrical & Electronics, Aerospace & Defense, Oil & Gas, Food & Beverages, Pharmaceuticals & Medical Devices, and Others), By Component (Software, Hardware, and Services), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
The global industrial communication market is projected to grow at a CAGR of 6.1% from 2024 to 2029.
The global industrial communication market is currently experiencing significant growth, driven by the universal adoption of advanced communication technologies. A key factor contributing to this growth is the integration of wireless communication in industry, which allows for enhanced connectivity and flexibility in operations. Technologies such as Bluetooth Smart, WirelessHART, WLAN, and Zigbee are becoming prevalent, providing robust solutions for real-time communication and data exchange between devices and systems. This transition to wireless networks is allowing industries to optimize their operations, minimize disruptions, and enhance overall efficiency.
In addition to wireless advancements, the development of sophisticated industrial network infrastructure is also propelling market growth. Companies are investing in high-speed, reliable communication networks that support real-time data processing and decision-making. Industrial communication standards, such as Profinet, EtherNet/IP, and Modbus, are playing a crucial role in ensuring interoperability and seamless integration of various devices and systems within industrial environments. These standards facilitate efficient and universal communication, which is essential for the automation and optimization of manufacturing, energy, transportation, and other industrial sectors.
The worldwide industrial communication market confronts significant constraints. One of the most significant issues is the high expense of developing and maintaining modern communication infrastructure. Despite these limitations, the market is still expanding due to increased demand for digitization, efficiency improvements from sophisticated communication technologies, and the advent of Industrial IoT (IIoT) solutions, which further drive market growth.
The industrial ethernet segment is expected to hold the largest share of the market during the forecast period. Industrial Ethernet is an ideal solution for effective communication due to its numerous benefits, including the absence of wireless communication issues when covering extensive distances. This renders industrial Ethernet more advantageous than conventional connectivity solutions. Additionally, its high reliability, low latency, and ability to support large-scale, complex industrial networks make it a preferred choice for modern industrial applications.
The wireless segment is analyzed to be the fastest-growing segment in the market from 2024 to 2029. The automotive industry plays a crucial role in driving the widespread use of wireless communication in the market. The next generation of vehicles relies on their ability to connect with many physical objects in their environment and with the cloud, improving overall connectivity and enabling innovations like autonomous driving and enhanced safety features. The increasing focus on connection is accelerating the growth of the industrial communication market, as it drives the need for improved communication in the automotive industry, further driving market growth.
The industrial manufacturing segment is analyzed to hold the largest market share from 2024 to 2029. The market's growth is driven by the growing use of industrial automation and advanced communications protocols, which facilitate seamless real-time interaction and exchange of information. This industry will grow as long as manufacturers continue to work toward effective communication networks and as long as there is a growing demand for dependable manufacturing and standardized communication technology.
The pharmaceuticals & medical devices segment is analyzed to be the fastest-growing segment in the market from 2024 to 2029. Pharmaceutical companies that use different production plants for manufacturing and packaging are responsible for growth in the market, with communication playing a critical role in ensuring efficient production. By implementing remote monitoring and control communication systems in the use of medical devices, these companies are streamlining operations, enhancing coordination between plants, and maintaining high standards of quality and efficiency across the production process, which is driving further growth in the market.
The hardware segment is analyzed to hold the largest market share from 2024 to 2029. Hardware is the primary factor fueling the expansion of the industrial communication market by supplying the necessary infrastructure for the efficient and dependable exchange of data. The rising demands of digitization and IoT integration in a variety of industries are met by effective network connectivity and instant communication enabled by modern routers, switches, and industrial systems.
The software segment is analyzed to be the fastest-growing segment in the market from 2024 to 2029. The ease of integrating different communication systems, real-time monitoring, and advanced analytics that software supports are driving the growth of the segment. SCADA, MES, and IoT platforms are among the solutions that improve productivity in operations and decision-making processes, thereby promoting increased efficiency and interconnectivity in industrial environments.
North America is expected to be the largest region in the global market. The rise of industrial communication in North America is being propelled by the increased use of wireless devices, digitization, and established economic factors for industrial communications applications. The adoption of refined communication technologies is advancing industrial communication in North America, with sectors such as manufacturing, energy, and transportation at the forefront of adopting new technologies.
Asia Pacific is predicted to witness rapid growth during the forecast period. The market is driven by accelerated development and efforts to promote industrial digitalization, as the region's economic conditions are growing. The adoption of industrial communication in the Asia-Pacific region was facilitated by the region's expanding industrialization and improving economic conditions. The region's development will be stimulated by a rise in government initiatives to promote advanced communications in the industrial sector, further driving market growth.
Cisco Systems, Inc., Siemens, Rockwell Automation, Moxa Inc., Huawei Technologies Co., Ltd., Schneider Electric, Honeywell International Inc., Mitsubishi Electric Corporation, Ericsson, and Hitachi, Ltd., among others, are some of the key players operating in the global industrial communication market. Please note: This is not an exhaustive list of companies profiled in the report.
On February 10, 2024, Moxa launched a new family of x86 industrial computers to enhance data connectivity at the industrial edge. These reliable and adaptable IPCs are designed for real-time processing of large volumes of sensor and device data, supporting the growing demands of industrial environments.
On May 28, 2024, Ericsson (ERIC) successfully tested an advanced 5G millimeter wave-powered drone at its USA 5G smart factory. This project, done in collaboration with Qualcomm and Dronus, used Qualcomm’s QRB5165 processor alongside Ericsson’s private 5G network and 5G mmWave from Telit Cinterion to enhance industrial automation.
1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS
1.1 Strategic Opportunity & Attractiveness Analysis
1.1.1 Hot Revenue Pockets
1.1.2 Market Attractiveness Score
1.1.3 Revenue Impacting Opportunity
1.1.4 High Growing Region/Country
1.1.5 Competitor Analysis
1.1.6 Consumer Analysis
1.2 Global Market Estimates' View
1.3 Strategic Insights across Business Functions
1.3.1 For Chief Executive Officers
1.3.2 For Chief Marketing Officers
1.3.3 For Chief Strategy Officers
1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into
2 TECHNOLOGICAL TRENDS
2.1 Technological Adoption Rate
2.2 Current Trend Impact Analysis
2.3 Future Trend Impact Analysis
3 GLOBAL MARKET OUTLOOK
3.1 Market Pyramid Analysis
3.1.1 Introduction
3.1.2 Adjacent Market Opportunities
3.1.3 Ancillary Market Opportunities
3.2 Demand Side Analysis
3.2.1 Market Drivers: Impact Analysis
3.2.2 Market Restraints: Impact Analysis
3.2.3 Market Opportunities: Impact Analysis
3.2.4 Market Challenges: Impact Analysis
3.3 Supply Side Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Threat of New Entrants
3.3.1.2 Threat of New Substitutes
3.3.1.3 Bargaining Power of Suppliers
3.3.1.4 Bargaining Power of Buyers
3.3.1.5 Intensity of Competitive Rivalry
3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Technology Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL INDUSTRIAL COMMUNICATION MARKET, BY COMPONENT
4.1 Introduction
4.2 Industrial communication Market : Component Scope Key Takeaways
4.3 Revenue Growth Analysis, 2023 & 2029
4.4 Software
4.4.1 Software Market Estimates and Forecast, 2021-2029 (USD Million)
4.5 Hardware
4.5.1 Hardware Market Estimates and Forecast, 2021-2029 (USD Million)
4.6 Services
4.6.1 Services Market Estimates and Forecast, 2021-2029 (USD Million)
5 GLOBAL INDUSTRIAL COMMUNICATION MARKET, BY COMMUNICATION PROTOCOL
5.1 Introduction
5.2 Industrial communication Market : Communication Protocol Scope Key Takeaways
5.3 Revenue Growth Analysis, 2023 & 2029
5.4 Industrial Ethernet
5.4.1 Industrial Ethernet Market Estimates and Forecast, 2021-2029 (USD Million)
5.5 Fieldbus
5.5.1 Fieldbus Market Estimates and Forecast, 2021-2029 (USD Million)
5.6 Wireless
5.6.1 Wireless Market Estimates and Forecast, 2021-2029 (USD Million)
6 GLOBAL INDUSTRIAL COMMUNICATION MARKET, BY VERTICAL
6.1 Introduction
6.2 Industrial communication Market : Vertical Scope Key Takeaways
6.3 Revenue Growth Analysis, 2023 & 2029
6.4 Automotive and Transportation
6.4.1 Automotive and Transportation Market Estimates and Forecast, 2021-2029 (USD Million)
6.5 Industrial Manufacturing
6.5.1 Industrial Manufacturing Market Estimates and Forecast, 2021-2029 (USD Million)
6.6 Electrical & Electronics
6.5.1 Electrical & Electronics Market Estimates and Forecast, 2021-2029 (USD Million)
6.7 Aerospace & Defense
6.7.1 Aerospace & Defense Market Estimates and Forecast, 2021-2029 (USD Million)
6.8 Oil & Gas
6.8.1 Oil & Gas Market Estimates and Forecast, 2021-2029 (USD Million)
6.9 Food & Beverages
6.9.1 Food & Beverages Market Estimates and Forecast, 2021-2029 (USD Million)
6.10 Pharmaceuticals & Medical Devices
6.10.1 Pharmaceuticals & Medical Devices Market Estimates and Forecast, 2021-2029 (USD Million)
6.11 Others
6.11.1 Others Market Estimates and Forecast, 2021-2029 (USD Million)
7 GLOBAL INDUSTRIAL COMMUNICATION MARKET, BY REGION
7.1 Introduction
7.2 North America Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.2.1 By Component
7.2.2 By Communication Protocol
7.2.3 By Vertical
7.2.4 By Country
7.2.4.1 U.S. Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.2.4.1.1 By Component
7.2.4.1.2 By Communication Protocol
7.2.4.1.3 By Vertical
7.2.4.2 Canada Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.2.4.2.1 By Component
7.2.4.2.2 By Communication Protocol
7.2.4.2.3 By Vertical
7.2.4.3 Mexico Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.2.4.3.1 By Component
7.2.4.3.2 By Communication Protocol
7.2.4.3.3 By Vertical
7.3 Europe Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.1 By Component
7.3.2 By Communication Protocol
7.3.3 By Vertical
7.3.4 By Country
7.3.4.1 Germany Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.1.1 By Component
7.3.4.1.2 By Communication Protocol
7.3.4.1.3 By Vertical
7.3.4.2 U.K. Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.2.1 By Component
7.3.4.2.2 By Communication Protocol
7.3.4.2.3 By Vertical
7.3.4.3 France Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.3.1 By Component
7.3.4.3.2 By Communication Protocol
7.3.4.3.3 By Vertical
7.3.4.4 Italy Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.4.1 By Component
7.3.4.4.2 By Communication Protocol
7.2.4.4.3 By Vertical
7.3.4.5 Spain Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.5.1 By Component
7.3.4.5.2 By Communication Protocol
7.2.4.5.3 By Vertical
7.3.4.6 Netherlands Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.6.1 By Component
7.3.4.6.2 By Communication Protocol
7.2.4.6.3 By Vertical
7.3.4.7 Rest of Europe Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.3.4.7.1 By Component
7.3.4.7.2 By Communication Protocol
7.2.4.7.3 By Vertical
7.4 Asia Pacific Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.1 By Component
7.4.2 By Communication Protocol
7.4.3 By Vertical
7.4.4 By Country
7.4.4.1 China Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.1.1 By Component
7.4.4.1.2 By Communication Protocol
7.4.4.1.3 By Vertical
7.4.4.2 Japan Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.2.1 By Component
7.4.4.2.2 By Communication Protocol
7.4.4.2.3 By Vertical
7.4.4.3 India Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.3.1 By Component
7.4.4.3.2 By Communication Protocol
7.4.4.3.3 By Vertical
7.4.4.4 South Korea Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.4.1 By Component
7.4.4.4.2 By Communication Protocol
7.4.4.4.3 By Vertical
7.4.4.5 Singapore Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.5.1 By Component
7.4.4.5.2 By Communication Protocol
7.4.4.5.3 By Vertical
7.4.4.6 Malaysia Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.6.1 By Component
7.4.4.6.2 By Communication Protocol
7.4.4.6.3 By Vertical
7.4.4.7 Thailand Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.7.1 By Component
7.4.4.7.2 By Communication Protocol
7.4.4.7.3 By Vertical
7.4.4.8 Indonesia Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.8.1 By Component
7.4.4.8.2 By Communication Protocol
7.4.4.8.3 By Vertical
7.4.4.9 Vietnam Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.9.1 By Component
7.4.4.9.2 By Communication Protocol
7.4.4.9.3 By Vertical
7.4.4.10 Taiwan Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.10.1 By Component
7.4.4.10.2 By Communication Protocol
7.4.4.10.3 By Vertical
7.4.4.11 Rest of Asia Pacific Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.4.4.11.1 By Component
7.4.4.11.2 By Communication Protocol
7.4.4.11.3 By Vertical
7.5 Middle East and Africa Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.5.1 By Component
7.5.2 By Communication Protocol
7.5.3 By Vertical
7.5.4 By Country
7.5.4.1 Saudi Arabia Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.5.4.1.1 By Component
7.5.4.1.2 By Communication Protocol
7.5.4.1.3 By Vertical
7.5.4.2 U.A.E. Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.5.4.2.1 By Component
7.5.4.2.2 By Communication Protocol
7.5.4.2.3 By Vertical
7.5.4.3 Israel Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.5.4.3.1 By Component
7.5.4.3.2 By Communication Protocol
7.5.4.3.3 By Vertical
7.5.4.4 South Africa Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.5.4.4.1 By Component
7.5.4.4.2 By Communication Protocol
7.5.4.4.3 By Vertical
7.5.4.5 Rest of Middle East and Africa Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.5.4.5.1 By Component
7.5.4.5.2 By Communication Protocol
7.5.4.5.2 By Vertical
7.6 Central and South America Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.6.1 By Component
7.6.2 By Communication Protocol
7.6.3 By Vertical
7.6.4 By Country
7.6.4.1 Brazil Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.6.4.1.1 By Component
7.6.4.1.2 By Communication Protocol
7.6.4.1.3 By Vertical
7.6.4.2 Argentina Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.6.4.2.1 By Component
7.6.4.2.2 By Communication Protocol
7.6.4.2.3 By Vertical
7.6.4.3 Chile Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.6.4.3.1 By Component
7.6.4.3.2 By Communication Protocol
7.6.4.3.3 By Vertical
7.6.4.4 Rest of Central and South America Industrial communication Market Estimates and Forecast, 2021-2029 (USD Million)
7.6.4.4.1 By Component
7.6.4.4.2 By Communication Protocol
7.6.4.4.3 By Vertical
8 COMPETITIVE LANDCAPE
8.1 Company Market Share Analysis
8.2 Four Quadrant Positioning Matrix
8.2.1 Market Leaders
8.2.2 Market Visionaries
8.2.3 Market Challengers
8.2.4 Niche Market Players
8.3 Vendor Landscape
8.3.1 North America
8.3.2 Europe
8.3.3 Asia Pacific
8.3.4 Rest of the World
8.4 Company Profiles
8.4.1 Cisco Systems, Inc.
8.4.1.1 Business Description & Financial Analysis
8.4.1.2 SWOT Analysis
8.4.1.3 Products & Services Offered
8.4.1.4 Strategic Alliances between Business Partners
8.4.2 Siemens
8.4.2.1 Business Description & Financial Analysis
8.4.2.2 SWOT Analysis
8.4.2.3 Products & Services Offered
8.4.2.4 Strategic Alliances between Business Partners
8.4.3 Rockwell Automation
8.4.3.1 Business Description & Financial Analysis
8.4.3.2 SWOT Analysis
8.4.3.3 Products & Services Offered
8.4.3.4 Strategic Alliances between Business Partners
8.4.4 Moxa Inc.
8.4.4.1 Business Description & Financial Analysis
8.4.4.2 SWOT Analysis
8.4.4.3 Products & Services Offered
8.4.4.4 Strategic Alliances between Business Partners
8.4.5 Huawei Technologies Co., Ltd.
8.4.5.1 Business Description & Financial Analysis
8.4.5.2 SWOT Analysis
8.4.5.3 Products & Services Offered
8.4.5.4 Strategic Alliances between Business Partners
8.4.6 Schneider Electric
8.4.6.1 Business Description & Financial Analysis
8.4.6.2 SWOT Analysis
8.4.6.3 Products & Services Offered
8.4.6.4 Strategic Alliances between Business Partners
8.4.7 Honeywell International Inc.
8.4.7.1 Business Description & Financial Analysis
8.4.7.2 SWOT Analysis
8.4.7.3 Products & Services Offered
8.4.8.4 Strategic Alliances between Business Partners
8.4.8 Mitsubishi Electric Corporation
8.4.8.1 Business Description & Financial Analysis
8.4.8.2 SWOT Analysis
8.4.8.3 Products & Services Offered
8.4.8.4 Strategic Alliances between Business Partners
8.4.9 Ericsson
8.4.9.1 Business Description & Financial Analysis
8.4.9.2 SWOT Analysis
8.4.9.3 Products & Services Offered
8.4.9.4 Strategic Alliances between Business Partners
8.4.10 Hitachi, Ltd.
8.4.10.1 Business Description & Financial Analysis
8.4.10.2 SWOT Analysis
8.4.10.3 Products & Services Offered
8.4.10.4 Strategic Alliances between Business Partners
8.4.11 Other Companies
8.4.11.1 Business Description & Financial Analysis
8.4.11.2 SWOT Analysis
8.4.11.3 Products & Services Offered
8.4.11.4 Strategic Alliances between Business Partners
9 RESEARCH METHODOLOGY
9.1 Market Introduction
9.1.1 Market Definition
9.1.2 Market Scope & Segmentation
9.2 Information Procurement
9.2.1 Secondary Research
9.2.1.1 Purchased Databases
9.2.1.2 GMEs Internal Data Repository
9.2.1.3 Secondary Resources & Third Party Perspectives
9.2.1.4 Company Information Sources
9.2.2 Primary Research
9.2.2.1 Various Types of Respondents for Primary Interviews
9.2.2.2 Number of Interviews Conducted throughout the Research Process
9.2.2.3 Primary Stakeholders
9.2.2.4 Discussion Guide for Primary Participants
9.2.3 Expert Panels
9.2.3.1 Expert Panels Across 30+ Industry
9.2.4 Paid Local Experts
9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
9.3 Market Estimation
9.3.1 Top-Down Approach
9.3.1.1 Macro-Economic Indicators Considered
9.3.1.2 Micro-Economic Indicators Considered
9.3.2 Bottom Up Approach
9.3.2.1 Company Share Analysis Approach
9.3.2.2 Estimation of Potential Product Sales
9.4 Data Triangulation
9.4.1 Data Collection
9.4.2 Time Series, Cross Sectional & Panel Data Analysis
9.4.3 Cluster Analysis
9.5 Analysis and Output
9.5.1 Inhouse AI Based Real Time Analytics Tool
9.5.2 Output From Desk & Primary Research
9.6 Research Assumptions & Limitations
9.7.1 Research Assumptions
9.7.2 Research Limitations
LIST OF TABLES
1 Global Industrial communication Market, By Component, 2021-2029 (USD MILLION)
2 Software Market, By Region, 2021-2029 (USD MILLION)
3 Hardware Market, By Region, 2021-2029 (USD MILLION)
4 Services Market, By Region, 2021-2029 (USD MILLION)
5 Global Industrial communication Market, By Communication Protocol, 2021-2029 (USD MILLION)
6 Industrial Ethernet Market, By Region, 2021-2029 (USD MILLION)
7 Fieldbus Market, By Region, 2021-2029 (USD MILLION)
8 Wireless Market, By Region, 2021-2029 (USD MILLION)
9 Global Industrial communication Market, By Vertical, 2021-2029 (USD MILLION)
10 Automotive and Transportation Market, By Region, 2021-2029 (USD MILLION)
11 Industrial Manufacturing Market, By Region, 2021-2029 (USD MILLION)
12 Electrical & Electronics Market, By Region, 2021-2029 (USD MILLION)
13 Aerospace & Defense Market, By Region, 2021-2029 (USD MILLION)
14 Oil & Gas Market, By Region, 2021-2029 (USD MILLION)
15 Food & Beverages Market, By Region, 2021-2029 (USD MILLION)
16 Pharmaceuticals & Medical Devices Market, By Region, 2021-2029 (USD MILLION)
17 Others Market, By Region, 2021-2029 (USD MILLION)
18 Regional Analysis, 2021-2029 (USD MILLION)
19 North America Industrial communication Market, By Component, 2021-2029 (USD Million)
20 North America Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
21 North America Industrial communication Market, By Vertical, 2021-2029 (USD Million)
22 North America Industrial communication Market, By Country, 2021-2029 (USD Million)
23 U.S. Industrial communication Market, By Component, 2021-2029 (USD Million)
24 U.S. Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
25 U.S. Industrial communication Market, By Vertical, 2021-2029 (USD Million)
26 Canada Industrial communication Market, By Component, 2021-2029 (USD Million)
27 Canada Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
28 Canada Industrial communication Market, By Vertical, 2021-2029 (USD Million)
29 Mexico Industrial communication Market, By Component, 2021-2029 (USD Million)
30 Mexico Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
31 Mexico Industrial communication Market, By Vertical, 2021-2029 (USD Million)
32 Europe Industrial communication Market, By Component, 2021-2029 (USD Million)
33 Europe Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
34 Europe Industrial communication Market, By Vertical, 2021-2029 (USD Million)
35 Europe Industrial communication Market, By COUNTRY, 2021-2029 (USD Million)
36 Germany Industrial communication Market, By Component, 2021-2029 (USD Million)
37 Germany Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
38 Germany Industrial communication Market, By Vertical, 2021-2029 (USD Million)
39 U.K. Industrial communication Market, By Component, 2021-2029 (USD Million)
40 U.K. Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
41 U.K. Industrial communication Market, By Vertical, 2021-2029 (USD Million)
42 France Industrial communication Market, By Component, 2021-2029 (USD Million)
43 France Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
44 France Industrial communication Market, By Vertical, 2021-2029 (USD Million)
45 Italy Industrial communication Market, By Component, 2021-2029 (USD Million)
46 Italy Industrial communication Market, By End Use , 2021-2029 (USD Million)
47 Italy Industrial communication Market, By Vertical, 2021-2029 (USD Million)
48 Spain Industrial communication Market, By Component, 2021-2029 (USD Million)
49 Spain Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
50 Spain Industrial communication Market, By Vertical, 2021-2029 (USD Million)
51 Rest Of Europe Industrial communication Market, By Component, 2021-2029 (USD Million)
52 Rest Of Europe Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
53 Rest of Europe Industrial communication Market, By Vertical, 2021-2029 (USD Million)
54 Asia Pacific Industrial communication Market, By Component, 2021-2029 (USD Million)
55 Asia Pacific Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
56 Asia Pacific Industrial communication Market, By Vertical, 2021-2029 (USD Million)
57 Asia Pacific Industrial communication Market, By Country, 2021-2029 (USD Million)
58 China Industrial communication Market, By Component, 2021-2029 (USD Million)
59 China Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
60 China Industrial communication Market, By Vertical, 2021-2029 (USD Million)
61 India Industrial communication Market, By Component, 2021-2029 (USD Million)
62 India Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
63 India Industrial communication Market, By Vertical, 2021-2029 (USD Million)
64 Japan Industrial communication Market, By Component, 2021-2029 (USD Million)
65 Japan Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
66 Japan Industrial communication Market, By Vertical, 2021-2029 (USD Million)
67 South Korea Industrial communication Market, By Component, 2021-2029 (USD Million)
68 South Korea Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
69 South Korea Industrial communication Market, By Vertical, 2021-2029 (USD Million)
70 Singapore Industrial communication Market, By Component, 2021-2029 (USD Million)
71 Singapore Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
72 Singapore Industrial communication Market, By Vertical, 2021-2029 (USD Million)
73 Malaysia Industrial communication Market, By Component, 2021-2029 (USD Million)
74 Malaysia Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
75 Malaysia Industrial communication Market, By Vertical, 2021-2029 (USD Million)
76 Thailand Industrial communication Market, By Component, 2021-2029 (USD Million)
77 Thailand Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
78 Thailand Industrial communication Market, By Vertical, 2021-2029 (USD Million)
79 Indonesia Industrial communication Market, By Component, 2021-2029 (USD Million)
80 Indonesia Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
81 Indonesia Industrial communication Market, By Vertical, 2021-2029 (USD Million)
82 Vietnam Industrial communication Market, By Component, 2021-2029 (USD Million)
83 Vietnam Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
84 Vietnam Industrial communication Market, By Vertical, 2021-2029 (USD Million)
85 Taiwan Industrial communication Market, By Component, 2021-2029 (USD Million)
86 Taiwan Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
87 Taiwan Industrial communication Market, By Vertical, 2021-2029 (USD Million)
88 Rest of Asia Pacific Industrial communication Market, By Component, 2021-2029 (USD Million)
89 Rest of Asia Pacific Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
90 Rest of Asia Pacific Industrial communication Market, By Vertical, 2021-2029 (USD Million)
91 Middle East and Africa Industrial communication Market, By Component, 2021-2029 (USD Million)
92 Middle East and Africa Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
93 Middle East and Africa Industrial communication Market, By Vertical, 2021-2029 (USD Million)
94 Middle East and Africa Industrial communication Market, By Country, 2021-2029 (USD Million)
95 Saudi Arabia Industrial communication Market, By Component, 2021-2029 (USD Million)
96 Saudi Arabia Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
97 Saudi Arabia Industrial communication Market, By Vertical, 2021-2029 (USD Million)
98 UAE Industrial communication Market, By Component, 2021-2029 (USD Million)
99 UAE Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
100 UAE Industrial communication Market, By Vertical, 2021-2029 (USD Million)
101 Israel Industrial communication Market, By Component, 2021-2029 (USD Million)
102 Israel Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
103 Israel Industrial communication Market, By Vertical, 2021-2029 (USD Million)
104 South Africa Industrial communication Market, By Component, 2021-2029 (USD Million)
105 South Africa Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
106 South Africa Industrial communication Market, By Vertical, 2021-2029 (USD Million)
107 Rest of Middle East and Africa Industrial communication Market, By Component, 2021-2029 (USD Million)
108 Rest of Middle East and Africa Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
109 Rest of Middle East and Africa Industrial communication Market, By Vertical, 2021-2029 (USD Million)
110 Central and South America Industrial communication Market, By Component, 2021-2029 (USD Million)
111 Central and South America Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
112 Central and South America Industrial communication Market, By Vertical, 2021-2029 (USD Million)
113 Central and South America Industrial communication Market, By Country, 2021-2029 (USD Million)
114 Brazil Industrial communication Market, By Component, 2021-2029 (USD Million)
115 Brazil Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
116 Brazil Industrial communication Market, By Vertical, 2021-2029 (USD Million)
117 Argentina Industrial communication Market, By Component, 2021-2029 (USD Million)
118 Argentina Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
119 Argentina Industrial communication Market, By Vertical, 2021-2029 (USD Million)
120 Chile Industrial communication Market, By Component, 2021-2029 (USD Million)
121 Chile Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
122 Chile Industrial communication Market, By Vertical, 2021-2029 (USD Million)
123 Rest of Central and South America Industrial communication Market, By Component, 2021-2029 (USD Million)
124 Rest of Central and South America Industrial communication Market, By Communication Protocol, 2021-2029 (USD Million)
125 Rest of Central and South America Industrial communication Market, By Vertical, 2021-2029 (USD Million)
126 Cisco Systems, Inc.: Products & Services Offering
127 Siemens: Products & Services Offering
128 Rockwell Automation: Products & Services Offering
129 Moxa Inc.: Products & Services Offering
130 Huawei Technologies Co., Ltd.: Products & Services Offering
131 SCHNEIDER ELECTRIC: Products & Services Offering
132 Honeywell International Inc.: Products & Services Offering
133 Mitsubishi Electric Corporation: Products & Services Offering
134 Ericsson: Products & Services Offering
135 Hitachi, Ltd.: Products & Services Offering
136 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Industrial communication Market Overview
2 Global Industrial communication Market Value From 2021-2029 (USD MILLION)
3 Global Industrial communication Market Share, By Component (2023)
4 Global Industrial communication Market Share, By Communication Protocol (2023)
5 Global Industrial communication Market Share, By Vertical (2023)
6 Global Industrial communication Market, By Region (Asia Pacific Market)
7 Technological Trends In Global Industrial communication Market
8 Four Quadrant Competitor Positioning Matrix
9 Impact Of Macro & Micro Indicators On The Market
10 Impact Of Key Drivers On The Global Industrial communication Market
11 Impact Of Challenges On The Global Industrial communication Market
12 Porter’s Five Forces Analysis
13 Global Industrial communication Market: By Component Scope Key Takeaways
14 Global Industrial communication Market, By Component Segment: Revenue Growth Analysis
15 Software Market, By Region, 2021-2029 (USD MILLION)
16 Hardware Market, By Region, 2021-2029 (USD MILLION)
17 Services Market, By Region, 2021-2029 (USD MILLION)
18 Global Industrial communication Market: By Communication Protocol Scope Key Takeaways
19 Global Industrial communication Market, By Communication Protocol Segment: Revenue Growth Analysis
20 Industrial Ethernet Market, By Region, 2021-2029 (USD MILLION)
21 Fieldbus Market, By Region, 2021-2029 (USD MILLION)
22 Wireless Market, By Region, 2021-2029 (USD MILLION)
23 Global Industrial communication Market: By Vertical Scope Key Takeaways
24 Global Industrial communication Market, By Vertical Segment: Revenue Growth Analysis
25 Automotive and Transportation Market, By Region, 2021-2029 (USD MILLION)
26 Industrial Manufacturing Market, By Region, 2021-2029 (USD MILLION)
27 Electrical & Electronics Market, By Region, 2021-2029 (USD MILLION)
28 Aerospace & Defense Market, By Region, 2021-2029 (USD MILLION)
29 Oil & Gas Market, By Region, 2021-2029 (USD MILLION)
30 Food & Beverages Market, By Region, 2021-2029 (USD MILLION)
31 Pharmaceuticals & Medical Devices Market, By Region, 2021-2029 (USD MILLION)
32 Others Market, By Region, 2021-2029 (USD MILLION)
33 Regional Segment: Revenue Growth Analysis
34 Global Industrial communication Market: Regional Analysis
35 North America Industrial communication Market Overview
36 North America Industrial communication Market, By Component
37 North America Industrial communication Market, By Communication Protocol
38 North America Industrial communication Market, By Vertical
39 North America Industrial communication Market, By Country
40 U.S. Industrial communication Market, By Component
41 U.S. Industrial communication Market, By Communication Protocol
42 U.S. Industrial communication Market, By Vertical
43 Canada Industrial communication Market, By Component
44 Canada Industrial communication Market, By Communication Protocol
45 Canada Industrial communication Market, By Vertical
46 Mexico Industrial communication Market, By Component
47 Mexico Industrial communication Market, By Communication Protocol
48 Mexico Industrial communication Market, By Vertical
49 Four Quadrant Positioning Matrix
50 Company Market Share Analysis
51 Cisco Systems, Inc.: Company Snapshot
52 Cisco Systems, Inc.: SWOT Analysis
53 Cisco Systems, Inc.: Geographic Presence
54 Siemens: Company Snapshot
55 Siemens: SWOT Analysis
56 Siemens: Geographic Presence
57 Rockwell Automation: Company Snapshot
58 Rockwell Automation: SWOT Analysis
59 Rockwell Automation: Geographic Presence
60 Moxa Inc.: Company Snapshot
61 Moxa Inc.: Swot Analysis
62 Moxa Inc.: Geographic Presence
63 Huawei Technologies Co., Ltd.: Company Snapshot
64 Huawei Technologies Co., Ltd.: SWOT Analysis
65 Huawei Technologies Co., Ltd.: Geographic Presence
66 Schneider Electric: Company Snapshot
67 Schneider Electric: SWOT Analysis
68 Schneider Electric: Geographic Presence
69 Honeywell International Inc.: Company Snapshot
70 Honeywell International Inc.: SWOT Analysis
71 Honeywell International Inc.: Geographic Presence
72 Mitsubishi Electric Corporation: Company Snapshot
73 Mitsubishi Electric Corporation: SWOT Analysis
74 Mitsubishi Electric Corporation: Geographic Presence
75 Ericsson: Company Snapshot
76 Ericsson: SWOT Analysis
77 Ericsson: Geographic Presence
78 Hitachi, Ltd.: Company Snapshot
79 Hitachi, Ltd.: SWOT Analysis
80 Hitachi, Ltd.: Geographic Presence
81 Other Companies: Company Snapshot
82 Other Companies: SWOT Analysis
83 Other Companies: Geographic Presence
The Global Industrial Communication Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Industrial Communication Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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