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Industrial Ethernet Market Report: Trends, Production, Revenue, Growth And Forecast To 2032
Industrial Ethernet Market
The Business Research Company's Industrial Ethernet Global Market Report 2023 identifies growing popularity of smart automobiles as the major driver for the Industrial Ethernet market's growth in the forecast period. 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. sIndustrial ethernet is a reliable and significantly faster networking protocol that powers smart automotive technologies such as self-driving cars, vehicle-to-everything communication, advanced driver-assistance system (ADAS), infotainment systems, and others within the automobile industry.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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 are 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
A key trend in the Industrial Ethernet market includes Technological advancement. Major companies operating in the industrial ethernet sector are focused on innovative products to sustain their position. For instance, Westermo Network Technologies, a Sweden-based designer, and manufacturer of industrial data communications products, launched a next-generation industrial ethernet switch platform. This newly developed and advanced ethernet switch platform is suited for handling big data and industrial internet of things (IIoT) applications. The platform uses latest generation WeOS operating system that powers the new switch platform by maximizing the capability of the new hardware. It combines hardware, software, and network design support to provide improved capabilities, lower the total cost of ownership, and create dependable networks across a broader range of sectors.
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The Industrial Ethernet market is segmented -
1) By Offering: Hardware, Software, Services
2) By Protocol: EtherCAT, EtherNet/IP, Profinet, Powerlink, Sercos III, CC-Link IE, Other Protocols
3) 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.
The Business Research Company's "Global Industrial Ethernet Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
30. Appendix
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