Global Industrial Ethernet Market Report 2023 | Market Size, Key Drivers And Top Trends | Cisco Systems Inc., Siemens AG, Rockwell Automation, Beckhoff Automation, Moxa Inc.
As per the industrial ethernet market report by The Business Research Company, the growing popularity of smart automobiles is expected to propel the growth of the industrial ethernet market going forward. The smart automobile is a technique that links directly to the vehicle's electronic control module to record, track, and manage multiple automobile control subsystems.
The global industrial ethernet market size grew from $27.89 billion in 2022 to $31.76 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The industrial ethernet market size is expected to grow to $54.76 billion in 2027 at a CAGR of 14.6%.
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Major competitors in the industrial ethernet market Cisco Systems Inc., Siemens AG, Rockwell Automation, Beckhoff Automation, Moxa Inc., Belden Inc., Huawei Technologies Co Ltd., ABB Ltd., Schneider Electric SE, ACS Motion Control, Physik Instrumente GmbH, IFM Electronics GmbH, Analog Devices Inc., Yokogawa Electric Corporation, Eaton Corporation, Robert Bosch GmbH, Bosch Rexroth AG, Honeywell International Inc., Advantech, B&R Automation, General Electric, Weidmuller, Arista Networks, and Mitsubishi Electric.
The industrial ethernet market is segmented -
•By Offering: Hardware, Software, Services
•By Protocol: EtherCAT, EtherNet/IP, Profinet, Powerlink, Sercos III, CC-Link IE, Other Protocols
•By Application: Oil and Gas, Aerospace and Defense, Energy and Power, Electrical and Electronics, Automotive and Transport, Chemicals, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial ethernet market.
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Industrial ethernet (IE) is the application of ethernet in an industrial setting using deterministic and real-time control methods. It is built on ordinary ethernet hardware and internet protocols, with a proprietary application layer added on top. This application layer protocol ensures that the correct data is provided and received when and where it is required for a particular operation.
The Table Of Content For The Industrial Ethernet Market Include:
1. Executive Summary
2. Industrial Ethernet Market Characteristics
3. Industrial Ethernet Market Trends And Strategies
4. Industrial Ethernet Market - Macro Economic Scenario
5. Industrial Ethernet Market Size And Growth
26. Africa Industrial Ethernet Market
27. Industrial Ethernet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Ethernet Market
29. Industrial Ethernet Market Future Outlook and Potential Analysis
The "Global Industrial Ethernet Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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