Industrial PROFINET Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The global industrial PROFINET market is anticipated to grow at a significant CAGR during the forecast period. PROFINET is a network protocol that is gaining prominence among industrial communication networks. It is in charge of gathering data as well as managing and monitoring equipment in enterprises on a timetable. Due to the flexibility, openness, and efficiency, the PROFIBUS market is being replaced by the PROFINET market.

The global industrial PROFINET market is increasing due to rising demand for scalable, fast, reliable, and interoperable communication protocols, as well as increased government initiatives in developing countries, to promote industrial automation adoption and the growing popularity of smart autos. Rising 5G adoption will provide industry players with a growth opportunity.

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Due to the lack of standardisation in several communication interfaces and protocols, data may be misrepresented. It can also make system integration more difficult and prevent the usage of plug-and-play capabilities for unrelated systems. Lack of technology standardisation makes system integration more difficult and hinders “plug-and-play” capabilities between communication devices. The lack of access to plant data is another issue that industrial software and systems developers face. The lack of this vital data makes standardisation and interoperability measurements for industrial devices manufactured by different vendors difficult to achieve.

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Industry 4.0 relies heavily on industrial communication. Firms must examine the most advanced communication technology while focusing on making their production processes smart. Other wireless networks have flaws that 5G helps to overcome. The industrial industry will undergo a remarkable upheaval with the introduction of 5G technology. The adoption of safe, adaptable, and efficient manufacturing systems is achievable due to 5G connectivity's ultra-low latency and reliability. 5G eliminates the need for cables, allowing robots and warehouse transportation to continue to be automated which will further boost the market.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product Type
o By Application
• Competitive Landscape: CISCO SYSTEMS INC., Siemens AG, ABB Ltd, Beckhoff Automation, Innovasic, ProSoft Technology.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Industrial Profinet Market by Segments

By Products Type

• HSE
• Modbus TCP/IP
• ProfINet
• Ethernet/I

By Application

• Collecting Data
• Controlling and Monitoring Equipment

Industrial PROFINET Market– Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• CISCO SYSTEMS INC.
• Siemens AG
• ABB Ltd
• Beckhoff Automation
• Innovasic
• ProSoft Technology

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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