Press release
Industrial Communication Market Overview, Trends and Forecast 2017-2027: ABB Ltd., Emerson Electric Company, Texas Instruments Incorporated, Rockwell Automation, Inc., TE Connectivity Ltd.
Various industry verticals have different requirements on connectivity solutions due to harsh environments in which they operate in. This leads companies to adopt different methods of industrial communication. In addition to traditional wired communications between devices, the industry is increasingly relying on wireless connections. Industrial communication is the key to greater productivity for any company as it helps the enterprise in controlling machines and entire production line, monitor modern traffic systems and control power distribution.
High performance industrial communication technology can transfer large amounts of data in real-time and with minimum delay, operates in an energy efficient manner, utilizes more wireless technology, both within plant and remote connectivity and connects a large number of individual devices in a reliable manner with data security.
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Industrial CommunicationMarket: Drivers and Challenges
Industrial communication market has grown at an exponential rate in the past few years due to increasing adoption of industrial internet of things (IIoT). Industrial Internet of Things connects different infrastructure and reduces operating expenses which helps drive the growth of industrial communication market. The increased bandwidth capabilities of open networks like Ethernet is used in Internet of Things automation and smart factories to streamline maintenance in order to eliminate breakdowns. Also, due to wide adoption of M2M (Machine to Machine) solutions for controlling power grid communications and remote monitoring of smart meters has contributed to the growth of industrial communication market.
Industrial CommunicationMarket: Segmentation
Segmentation on the basis of component:
Hardware
Software
Services
Segmentation on the basis of protocol:
Fieldbus
Industrial Ethernet
Wireless
Segmentation on the basis of application:
Transportation
Oil and Gas
Aerospace and Defense
Utilities
Healthcare and Medical
Food and Beverages
Manufacturing
Others
Industrial CommunicationMarket: Competition Landscape
Few of the companies in industrial communication market are: ABB Ltd., Emerson Electric Company, Texas Instruments Incorporated, Rockwell Automation, Inc., TE Connectivity Ltd., Advanced Industrial Automation Group, Infineon Technologies AG, National Instruments, General Electric, Siemens AG and Schneider Electric SE.
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Industrial Communication Market: Regional Overview
Industrial communication market is currently dominated by North America region owing to advancements in technology and prevalence of Internet of Things market. Europe industrial communication market follows next as the region is quite well versed with latest technologies and the adoption rate of various industry verticals towards advanced technologies is high. APEJ region is picking up pace in the industrial communication market due to growing industrialization in this region.
The report covers exhaustive analysis on:
Industrial Communication Market Segments
Industrial Communication Market Dynamics
Historical Actual Market Size, 2014 - 2016
Industrial Communication Market Size & Forecast 2017 to 2027
Value Chain
Industrial Communication Market Current Trends/Issues/Challenges
Competition & Companies involved
Industrial Communication Market Drivers and Restraints
Regional analysis for Industrial CommunicationMarket includes development of these systems in the following regions:
North America
US
Canada
Latin America
Brazil
Mexico
Others
Europe
U.K.
France
Germany
Poland
Russia
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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