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Industrial Communication Market by Offering, Communication Protocol, End-Use Application and Geography - Global Forecast to 2023

  • ID: 3934347
  • Report
  • November 2018
  • Region: Global
  • 190 Pages
  • Markets and Markets
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The Industrial Communication Market is Expected to Reach USD 141.0 Billion by 2023 from USD 83.2 Billion in 2018, at a CAGR of 11.14%

FEATURED COMPANIES

  • Aaeon
  • B&R Automation
  • Cisco Systems
  • Hans Turck GmbH & Co. Kg
  • Ifm Electronic GmbH
  • Omron
  • MORE

Industrial Communication Market by Offering (Components, Software, and Services), Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), End-Use Application (Automotive, Oil & Gas, Food & Beverages) and Geography - Global Forecast to 2023

Industrial communication market to grow at 11.14% CAGR during 2018–2023

The industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion in 2018, at a CAGR of 11.14% during 2018–2023. The market is mainly driven by the adoption of Industrial Internet of Things (IIoT) and advancement in M2M communication technology for industrial networking. The growth of Industry 4.0 practices in Europe and North America propels the implementation of industrial communication offerings. Different standards adopted by various equipment manufacturers are hindering the data collection and information generating process, and acting as a major restraint for the industrial communication market.

Automotive and transportation to hold major share of industrial communication market during forecast period

Among the end-use applications considered, automotive and transportation is the largest contributor to the overall industrial communication market by 2018. The increasing number of automotive manufacturing hubs in the world implementing advanced automation techniques for production is expected to boost the demand for industrial communication offerings. Additionally, Ethernet (IEEE 802.3) is a widely used protocol in automotive manufacturing. In the automotive industry, many processes are controlled through computers, and Ethernet is one of the most suitable protocols for computer-enabled communication.

Water and wastewater application to register highest CAGR in market during forecast period

The demand for effective industrial communication in the water and wastewater industry is on rise with the growing need to manage and increase the efficiency of the plants in response to the increasing water scarcity and complexity of water management in water utilities and plants. Rain gauges and smart flowmeters are the most commonly used instruments in the water facilities. Water level monitoring sensors, AC drives, and controllers are crucial components of the water treatment systems, and the industrial communication network is used to facilitate communication among these devices. All these factors are expected to fuel the growth of the industrial communication market for the water and wastewater applications during the forecast period.

The industrial communication market in APAC to grow at highest CAGR during forecast period

Japan, China, and India are the major contributors to the industrial communication market in APAC. The region is a leading industrial hub for several industries including automotive, electrical, and electronics. It is the largest automobile producer in the world. Moreover, countries such as China, India, and South Korea are the leading manufacturers of consumer electronics devices in APAC, including smartphones, laptops, and gaming consoles. The large-scale development exhibited by the emerging economies in this region with the use of advanced technologies for manufacturing is contributing to the growth of the industrial communication market. Additionally, various initiatives undertaken by governments of APAC countries to encourage the development of large and medium enterprises are also providing impetus to the industrial communication market growth.

Breakdown of profile of primary participants:

  • By Company Type: Tier 1 = 18%, Tier 2 = 22%, and Tier 3 = 60%
  • By Designation: C-Level Executives = 21%, Directors = 35%, and Others = 44%
  • By Region: North America = 22%, Europe = 26%, APAC = 39%, and RoW = 13%

OMRON Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), ABB LTD. (Switzerland), Rockwell Automation, Inc. (US), Advantech Co., Ltd. (Taiwan), ifm electronic gmbh (Germany), HMS Industrial Networks (Sweden), Cisco Systems, Inc. (US), Moxa Inc. (US), and Belden Inc. (US) are a few key players in the industrial communication market.

Research Coverage:

  • The market by communication protocol covers Fieldbus, industrial Ethernet, and wireless protocols.
  • The market by end-use application covers automotive and transportation, electrical and electronics, aerospace & defense, oil & gas, water and wastewater, food & beverages, pharmaceuticals, energy & power, mining, chemicals and fertilizers, and engineering/fabrication, among others.
  • The market by offering covers components, software, and services.
  • The geographic analysis is based on 4 major regions—North America, Europe, APAC, and RoW. (RoW includes South America, and the Middle East and Africa).

Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial communication market and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Aaeon
  • B&R Automation
  • Cisco Systems
  • Hans Turck GmbH & Co. Kg
  • Ifm Electronic GmbH
  • Omron
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunity in Industrial Communication Market
4.2 Industrial Communication Market, By Offering
4.3 Market Share, By Region (2018 vs 2023)
4.4 Electrical and Electronics to Hold Largest Share of Industrial Communication Market in APAC By 2018
4.5 Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need for Scalable, Faster, Reliable, and Interoperable Communication Protocols
5.2.1.2 Rise of Industrial Revolution 4.0
5.2.1.3 Increasing Machine-To-Machine Communication
5.2.1.4 Government Initiatives to Support Industrial Automation
5.2.2 Restraints
5.2.2.1 Lack of Standardization Among Equipment Manufacturers
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Industrial Internet of Things (IIoT)
5.2.3.2 Rising Demand for Wireless Networks
5.2.4 Challenges
5.2.4.1 Threats Related to Cybersecurity
5.2.4.2 Harsh Field Site Conditions Such as High-Voltage Transients, Severe Shocks and Vibrations, and Extremely High Temperatures

6 Industrial Communication Market, By Offering
6.1 Introduction
6.2 Components
6.2.1 Market for Industrial Controllers and Processors to Witness Significant Growth During Forecast Period
6.2.2 Switches
6.2.2.1 Rising Adoption of Ethernet Protocol to Propel the Growth of Market for Industrial Communication Switches During Forecast Period
6.2.3 Hubs, Routers, and Gateways
6.2.3.1 Increasing Use of More Than One Communication Protocol in Industrial Communication to Drive Growth of Market for Gateways and Routers During Forecast Period
6.2.4 Connectors
6.2.4.1 Square Subscriber Connectors (SCS), Also Standard Connectors, are More Popular in North America While Round Straight Tip (ST) Connectors are More Popular in Europe
6.2.5 Communication Interfaces
6.2.5.1 Growing Market for Industrial Pcs to Drive Growth of Communication Interfaces
6.2.6 Power Supply Devices
6.2.6.1 Growing Need for Efficient Battery Charging, Power-Source Selection, and Voltage Scaling in Field Devices to Propel Growth of Market for Power Supply Devices.
6.2.7 Controllers and Processors
6.2.7.1 Growing Need to Control, Monitor, and Record Field-Level Data Automatically Within Industrial Communication Network Driving Market for Controllers and Processors
6.2.8 Memory
6.2.8.1 Migration Toward Solid-State Drive (SSD) From Hard Disk Drive (HDD) to Drive Industrial Communication Market for Memory
6.2.9 Isolators and Convertors
6.2.9.1 Increase in Use of Optical Isolators in Ethernet Industrial Communication Protocol to Drive Market for Isolators and Convertors
6.2.10 Others
6.3 Software
6.3.1 Increasing Importance of Network-Management Software With the Growing Network Complexity, to Ensure the Smooth Functioning of the Industrial Communication Network, Driving Industrial Communication Software Market
6.4 Services
6.4.1 Growing Focus Toward Comprehensive Industrial Communication Solution From Tier 1 Players to Drive Industrial Communication Services Market

7 Industrial Communication Market, By Communication Protocol
7.1 Introduction
7.2 Fieldbus
7.2.1 Foundation Fieldbus and Hart
7.2.1.1 Growing Adoption in Iron and Steel, Oil and Gas, and Chemicals Industries to Drive Growth of Market for Foundation Fieldbus During Forecast Period
7.2.2 Profibus
7.2.2.1 Profibus is One of the Most Widely Recognized Fieldbus Standards Worldwide
7.2.3 Modbus
7.2.3.1 Ease of Use and Superior Reliability to Drive Market for Modbus Protocol
7.2.4 CC- Link
7.2.4.1 Rising Adoption of CC-Link in Process Industries to Boost Market for CC-Link Communication Protocol During Forecast Period
7.2.5 Devicenet
7.2.5.1 Devicenet is Low-Cost and Robust Industrial Communication Protocol Compared to Other Traditional Communication Protocols
7.2.6 Canopen
7.2.6.1 Growing Use in Motion Control Application to Fuel Growth of Market for Canopen During Forecast Period
7.2.7 Interbus
7.2.7.1 Significant Penetration Interbus is Attributed to Availability of Interbus Capable Hardware Offered By Tier 1 and Tier 2 Industrial Communication Equipment Vendors
7.2.8 Others
7.3 Industrial Ethernet
7.3.1 Profinet
7.3.1.1 Profinet Emerged as Promising Alternative to Ethernet/IP Communication Protocol
7.3.2 Ethernet/IP
7.3.2.1 Wide Use of Ethernet/IP in Range of Industries, Including Hybrid and Process Industries, Makes It One of the Prominent Industrial Protocols
7.3.3 Ethercat
7.3.3.1 Ability to Connect Entire Automation Systems in Real Time Expected to Drive Market for Ethercat During the Forecast Period
7.3.4 Modbus - TCP
7.3.4.1 APAC to Lead Modbus – TCP Market By 2023
7.3.5 Powerlink
7.3.5.1 Automotive, Chemicals, and Mining Industries to Be Leading Contributors to Market for Powerlink Industrial Communication Protocol By 2023
7.3.6 Sercos Iii
7.3.6.1 Higher Transfer and Operation Speed of Sercos Iii Compared to Many Other Ethernet Communication Protocols is Expected to Drive the Growth During Forecast Period.
7.3.7 CC–Link Ie
7.3.7.1 Growing Demand in Process Automation Applications to Boost Market for CC-Link Ie During Forecast Period
7.4 Wireless
7.4.1 WLAN
7.4.1.1 Ease of Installation and Use, and Improved Reliability of WLAN Systems in Industrial Application Likely to Drive WLAN Industrial Communication Market During Forecast Period
7.4.2 Isa100.11a
7.4.2.1 Superior Multicasting and Efficient Routing Due to Reduced Routing Table Size Contribute to Growth of Market for Isa100.11a Communication Protocol
7.4.3 Cellular
7.4.3.1 Rising Demand for Extended Network Coverage and Capacity to Accommodate Large Number of Connected Devices in Industries to Boost Cellular Industrial Communication Market During Forecast Period
7.4.4 Whart
7.4.4.1 Whart Protocol is Ideal Solution for Diagnostic Information in Digital Form While Retaining Compatibility With Legacy Automation Architectures
7.4.5 Zigbee
7.4.5.1 Advantages Such as Easy Network Expansion, Low Power Consumption, Good Coverage Area, and Reliable Network Structure Encourage Use of Zigbee for Large Networks
7.4.6 Others

8 Industrial Communication Market, By End-Use Application
8.1 Introduction
8.2 Automotive and Transportation
8.2.1 Intense Competition in Automotive Industry Leading to Surge in Demand for Efficient Industrial Communication to Streamline Production Processes
8.3 Electrical and Electronics
8.3.1 Shift From Fieldbus to Ethernet Communication Protocol to Propel Growth of Market for Electrical and Electronics Industries
8.4 Aerospace & Defense
8.4.1 Essentiality of Cost Optimization Through Automation and Industry 4.0 in Aerospace and Defense Industry to Raise Demand for Industrial Communication Technologies
8.5 Oil & Gas
8.5.1 Increasing Demand for Automation in Oil & Gas Industry to Propel Adoption of Advanced Industrial Communication Technologies
8.6 Chemicals and Fertilizers
8.6.1 Growing Need for Remote Diagnostics of Sensor Nodes and Actuators Boosts Adoption of Advanced Industrial Communication Technologies in Chemicals Industry
8.7 Food & Beverages
8.7.1 High Demand for Automation Technology Driven By Stringent Regulations Related to Food Quality and Safety Fuels Industrial Communication Market for Food and Beverages Industry
8.8 Pharmaceutical
8.8.1 Intense Competition, Higher Production Requirements, and Strict Regulatory Environment, Etc., to Promote Adoption of Technologically Advanced Communication Systems in Pharmaceutical Industry
8.9 Energy & Power
8.9.1 Rising Implementation of Industry 4.0 Acts as Catalyst for Growth of Market for Energy and Power Industry
8.10 Mining
8.10.1 Industrial Communication and Automation Technologies Gaining Traction in Mining Industry for Improving Safety, Increasing Production, and Reducing Operating Costs
8.11 Engineering/Fabrication
8.11.1 Ethernet Communication Protocol Likely to Surpass Share of Fieldbus Industrial Communication in Market for Engineering/Fabrication Applications By 2023
8.12 Water and Wastewater
8.12.1 Growing Adoption of New Technologies, Such as IoT and Industry 4.0, in Water and Wastewater Operations Driving More Focus Toward Use of Secure and Reliable Industrial Communication Technologies
8.13 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Strong Government Support Have Contributed to the Large-Scale Adoption of Industrial Communication Solutions in Us
9.2.2 Canada
9.2.2.1 Discrete Industries Have Been the Early Adopters of Advanced Technology-Based Industrial Communication Protocols in Canada
9.2.3 Mexico
9.2.3.1 Adoption of the Automation Technology Across Various Industries Such as Chemicals and Mining is Driving the Industrial Communication Market in Mexico
9.3 Europe
9.3.1 UK
9.3.1.1 Government Initiatives Towards IoT Development in UK Likely to Drive the Market
9.3.2 Germany
9.3.2.1 Germany to Account for the Largest Share of European Industrial Communication Market By 2023
9.3.3 France
9.3.3.1 Growing Automation in Aerospace & Defense Industry to Drive the Growth of Market in France
9.3.4 Spain
9.3.4.1 Leading Stake of Automotive Industry in Spain to Accelerate the Growth of Market
9.3.5 Italy
9.3.5.1 Need of Connectivity Across Industries in Italy to Drive the Growth for Market
9.3.6 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China to Witness the Highest Growth Rate for Industrial Communication Market During the Forecast Period
9.4.2 Japan
9.4.2.1 Japan to Be Among the Top Two Countries for Market in APAC
9.4.3 India
9.4.3.1 Supportive Government Plans to Drive the Demand for Industrial Communication Market in India
9.4.4 South Korea
9.4.4.1 Large Install Base for Automotive and Electronics Industries in South Korea to Drive the Growth for Market
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East
9.5.1.1 Growing Adoption for Automation in Oil & Gas Industry to Drive the Growth for Market
9.5.2 South America
9.5.2.1 Mining Sector is A Major Growth Segment for Market in South America, With the Increased Mining Investment, Exploration, and Development
9.5.3 Africa
9.5.3.1 Development of Industrial Sector is Expected to Drive the Growth of the Market in Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches/Developments
10.3.2 Partnerships/Collaborations
10.3.3 Expansions

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)*
11.1 Key Players
11.1.1 Sick AG
11.1.2 Omron
11.1.3 Schneider Electric
11.1.4 Belden Inc.
11.1.5 Moxa Inc.
11.1.6 Siemens
11.1.7 Rockwell Automation
11.1.8 ABB
11.1.9 GE Grid Solutions, LLC
11.1.10 Cisco Systems
11.1.11 Advantech
11.1.12 Hms Industrial Networks
11.1.13 Ifm Electronic GmbH
11.1.14 Ericsson
11.1.15 Mitsubishi Electric Group
11.2 Other Companies
11.2.1 Honeywell
11.2.2 B&R Automation
11.2.3 Aaeon
11.2.4 Hans Turck GmbH & Co. Kg
11.2.5 Bosch Rexroth AG

*Details on Business Overview, Products Offered, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables
Table 1 Assumptions for Study
Table 2 Limitations of Study
Table 3 Regulatory Mandates Related to M2m Communications By Some APAC Countries
Table 4 Industrial Communication Market, By Offering, 2015–2023 (USD Billion)
Table 5 Market for Component, By Type, 2015–2023 (USD Billion)
Table 6 Market, By Communication Protocol, 2015–2023 (USD Billion)
Table 7 Market for Fieldbus, By Type, 2015–2023 (USD Billion)
Table 8 Industrial Communication Market, By Region, 2015–2023 (USD Billion)
Table 9 Market for Fieldbus in North America, By Country, 2015–2023 (USD Billion)
Table 10 Industrial Communication Market for Fieldbus in Europe, By Country, 2015–2023 (USD Billion)
Table 11 Market for Fieldbus in APAC, By Country, 2015–2023 (USD Billion)
Table 12 Market for Fieldbus in RoW, By Region, 2015–2023 (USD Billion)
Table 13 Industrial Communication Market for Industrial Ethernet, By Type, 2015–2023 (USD Billion)
Table 14 Market for Industrial Ethernet, By Region, 2015–2023 (USD Billion)
Table 15 Market for Industrial Ethernet in North America, By Country, 2015–2023 (USD Billion)
Table 16 Market for Industrial Ethernet in Europe, By Country, 2015–2023 (USD Billion)
Table 17 Market for Industrial Ethernet in APAC, By Country, 2015–2023 (USD Billion)
Table 18 Market for Industrial Ethernet in RoW, By Region, 2015–2023 (USD Billion)
Table 19 Industrial Communication Market for Wireless in RoW, By Protocol, 2015–2023 (USD Billion)
Table 20 Market for Wireless Communication Protocol, By Region, 2015–2023 (USD Billion)
Table 21 Market for Wireless Communication Protocol in North America, By Country, 2015–2023 (USD Billion)
Table 22 Market for Wireless Communication Protocol in Europe, By Country, 2015–2023 (USD Billion)
Table 23 Market for Wireless Communication Protocol in APAC, By Country, 2015–2023 (USD Billion)
Table 24 Market for Wireless Communication Protocol in RoW, By Region, 2015–2023 (USD Billion)
Table 25 Industrial Communication Market, By End-Use Application, 2015–2023 (USD Billion)
Table 26 Market for Automotive and Transportation, By Region, 2015–2023 (USD Billion)
Table 27 Market for Electrical and Electronics, By Region, 2015–2023 (USD Billion)
Table 28 Market for Aerospace and Defense, By Region, 2015–2023 (USD Billion)
Table 29 Market for Oil and Gas, By Region, 2015–2023 (USD Billion)
Table 30 Industrial Communication Market for Chemicals and Fertilizers, By Region, 2015–2023 (USD Billion)
Table 31 Market for Food and Beverages, By Region, 2015–2023 (USD Billion)
Table 32 Market for Pharmaceutical, By Region, 2015–2023 (USD Billion)
Table 33 Market for Energy and Power, By Region, 2015–2023 (USD Billion)
Table 34 Market for Mining, By Region, 2015–2023 (USD Billion)
Table 35 Industrial Communication Market for Engineering/Fabrication, By Region, 2015–2023 (USD Billion)
Table 36 Market for Water and Wastewater, By Region, 2015–2023 (USD Billion)
Table 37 Market for Others, By Region, 2015–2023 (USD Billion)
Table 38 Industrial Communication Market, By Region, 2015–2023 (USD Billion)
Table 39 Industrial Communication Market in North America, By Country, 2015–2023 (USD Billion)
Table 40 Market in North America, By End-Use Application, 2015–2023 (USD Billion)
Table 41 Market in North America, By Communication Protocol, 2015–2023 (USD Billion)
Table 42 Market in US, By Communication Protocol, 2015–2023 (USD Billion)
Table 43 Market in Canada, By Communication Protocol, 2015–2023 (USD Billion)
Table 44 Market in Mexico, By Communication Protocol, 2015–2023 (USD Billion)
Table 45 Industrial Communication Market in Europe, By Country, 2015–2023 (USD Billion)
Table 46 Market in Europe, By End-Use Application, 2015–2023 (USD Billion)
Table 47 Market in Europe, By Communication Protocol, 2015–2023 (USD Billion)
Table 48 Market in UK, By Communication Protocol, 2015–2023 (USD Billion)
Table 49 Market in Germany, By Communication Protocol, 2015–2023 (USD Billion)
Table 50 Market in France, By Communication Protocol, 2015–2023 (USD Billion)
Table 51 Market in Spain, By Communication Protocol, 2015–2023 (USD Billion)
Table 52 Market in Italy, By Communication Protocol, 2015–2023 (USD Billion)
Table 53 Market in Rest of Europe, By Communication Protocol, 2015–2023 (USD Billion)
Table 54 Industrial Communication Market in APAC, By Country, 2015–2023 (USD Billion)
Table 55 Market in APAC, By End-Use Application, 2015–2023 (USD Billion)
Table 56 Market in APAC, By Communication Protocol, 2015–2023 (USD Billion)
Table 57 Market in China, By Communication Protocol, 2015–2023 (USD Billion)
Table 58 Market in Japan, By Communication Protocol, 2015–2023 (USD Billion)
Table 59 Market in India, By Communication Protocol, 2015–2023 (USD Billion)
Table 60 Market in South Korea, By Communication Protocol, 2015–2023 (USD Billion)
Table 61 Market in Rest of APAC, By Communication Protocol, 2015–2023 (USD Billion)
Table 62 Industrial Communication Market in RoW, By Region, 2015–2023 (USD Billion)
Table 63 Market in RoW, By End-Use Application, 2015–2023 (USD Billion)
Table 64 Market in RoW, By Communication Protocol, 2015–2023 (USD Billion)
Table 65 Market in Middle East, By Communication Protocol, 2015–2023 (USD Billion)
Table 66 Market in South America, By Communication Protocol, 2015–2023 (USD Billion)
Table 67 Market in Africa, By Communication Protocol, 2015–2023 (USD Billion)
Table 68 Market Ranking Analysis: Industrial Communication Market (2017)
Table 69 Product Launches/Developments (2015–2018)
Table 70 Partnerships/Collaborations (2015–2018)
Table 71 Expansions (2015–2018)

List of Figures
Figure 1 Industrial Communication Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Data Triangulation Methodology
Figure 5 Industrial Communication Market, By End-Use Application, 2018 vs 2023 (USD Billion)
Figure 6 Market for Controllers and Processors to Grow at Highest CAGR During 2018–2023
Figure 7 Market, By Region, 2017
Figure 8 Increasing Demand for Industrial Communication in Electronics and Automotive Manufacturing is Driving Market Growth
Figure 9  Market for Services to Grow at Highest CAGR During Forecast Period
Figure 10 APAC to Account for Largest Share of Market By 2023
Figure 11 China and Japan Together to Account for More Than Half of Market in APAC By 2018
Figure 12 Industrial Communication Market in China to Grow at Highest CAGR During Forecast Period
Figure 13 Growing Adoption of IIoT is A Key Factor Driving Market
Figure 14 Components to Hold Largest Size of Market During Forecast Period
Figure 15 Switches Accounted for Largest Size of Market for Components in 2018
Figure 16 Industrial Communication Market for Wireless Communication Protocol to Grow at Highest CAGR During Forecast Period
Figure 17 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 18 Ethernet/IP LED Industrial Ethernet Market in 2018
Figure 19 Whart LED Industrial Communication Market for Wireless Network Protocol Market in 2018
Figure 20 Automotive and Transportation to LED Industrial Communication Market in 2023
Figure 21 Market for Electrical and Electronics in APAC to Grow at Highest CAGR During Forecast Period
Figure 22 Market for Oil and Gas in RoW to Witness Highest CAGR During Forecast Period
Figure 23 APAC to Hold Largest Size of Market for Pharmaceutical By 2023
Figure 24 APAC to Account for Largest Size of Market for Water and Wastewater During Forecast Period
Figure 25 Market in China to Witness Highest CAGR During 2018–2023
Figure 26 North America: Industrial Communication Market Snapshot
Figure 27 Europe: Industrial Communication Market Snapshot
Figure 28 APAC: Industrial Communication Market Snapshot
Figure 29 Companies Adopted Product Launch as Key Growth Strategy During 2015–2018
Figure 30 Sick AG: Company Snapshot
Figure 31 Omron: Company Snapshot
Figure 32 Schneider Electric: Company Snapshot
Figure 33 Belden Inc.: Company Snapshot
Figure 34 Siemens: Company Snapshot
Figure 35 Rockwell Automation: Company Snapshot
Figure 36 ABB: Company Snapshot
Figure 37 Cisco Systems: Company Snapshot
Figure 38 Advantech: Company Snapshot
Figure 39 HMS Industrial Networks: Company Snapshot
Figure 40 Ericsson: Company Snapshot
Figure 41 Mitsubishi Electric Group: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Aaeon
  • Advantech
  • B&R Automation
  • Belden Inc.
  • Bosch Rexroth AG
  • Cisco Systems
  • Ericsson
  • GE Grid Solutions, LLC
  • Hans Turck GmbH & Co. Kg
  • Hms Industrial Networks
  • Honeywell
  • Ifm Electronic GmbH
  • Mitsubishi Electric Group
  • Moxa Inc.
  • Omron
  • Rockwell Automation
  • Schneider Electric
  • Sick AG
  • Siemens
Note: Product cover images may vary from those shown
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