Industrial Communication Market Expected to Grow at 141.0 Billion In Revenue by 2023

According to Market Study Report, Industrial Communication Market provides a comprehensive analysis of the Industrial Communication Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Industrial Communication Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Industrial Communication Market is expected to reach USD 83.2 Billion by 2018 from USD 141.0 Billion by 2023, at a CAGR of 11.14% during 2018-2023.This report spread across 189 Pages, Profiling 14 Companies and Supported with 71 Tables and 41 figures is now available in this research.

Top Companies profiled in the Industrial Communication Market:
o OMRON Corporation (Japan)
o Schneider Electric SE (France)
o Siemens AG (Germany)
o ABB LTD. (Switzerland)
o Rockwell Automation Inc. (US)
o Advantech Co. Ltd. (Taiwan)
o ifm electronic gmbh (Germany)
o HMS Industrial Networks (Sweden)
o Cisco Systems Inc. (US)
o Moxa Inc. (US)
o Belden Inc. (US)

"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.

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"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

"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 smart phones, laptops, and gaming consoles.

Competitive Landscape of Industrial Communication Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Scenario
3.1 Product Launches/Developments
3.2 Partnerships/Collaborations
3.3 Expansions

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Reason to access this 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 sub segments. 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.

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