Press release
Sustained Growth in Industrial Ethernet Market: CAGR of 16.8%, Market Size Set to Reach $75.35 Billion by 2029 and Key Trends Propelling Growth
Industrial Ethernet Market
Unprecedented growth in industrial automation and the ever-increasing demand for high-speed and reliable connectivity are the drivers leading the Industrial Ethernet market towards a projected size of $40.44 billion in 2025, growing at a robust CAGR of 13.0%.
What Is The Projected Market Size Of The Global Industrial Ethernet Market And Its Growth Rate?
o The industrial Ethernet market size was $35.77 billion in 2024 and is projected to reach $40.44 billion in 2025, growing at a CAGR of 13.0%.
o Through the forecasted period, the market is expected to further expand to $75.35 billion in 2029 with a significant CAGR of 16.8%.
What Is Driving The Growth In The Industrial Ethernet Market?
The predictable surge in the Industrial Ethernet market is mainly attributed to the increasing adoption of smart automobiles. Industrial Ethernet, as a networking protocol, efficiently powers smart automotive technologies such as advanced driver-assistance systems, self-driving cars, and others within the automobile industry. As per a report by the U.S. Department of Transportation, autonomous vehicles' sales are projected to get a significant boost, reaching 4.5 million units by 2025, up from a mere 0.1 million units in 2021 in the U.S. alone, underscoring the role of smart automobiles in driving the industrial Ethernet market growth.
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Who Are the Key Players Driving Industrial Ethernet Market Growth?
o Cisco Systems Inc.
o Siemens AG
o Rockwell Automation Inc.
o Beckhoff Automation
o Moxa Inc.
o Belden Inc.
o Huawei Technologies Co Ltd.
o Asea Brown Boveri Ltd.
o Schneider Electric SE
o ACS Motion Control Ltd.
o Physik Instrumente GmbH
What Are The Key Trends In The Industrial Ethernet Market?
o Adoption of gigabit and 10 gigabit Ethernet in industrial applications
o Development of power over Ethernet (POE) for industrial devices
o Use of single pair Ethernet (SPE) for simplified connectivity
o Integration of wireless communication in industrial Ethernet networks
o Emphasis on network convergence in industrial communication systems
What Are The Segments Of The Global Industrial Ethernet Market?
o Offering: Hardware, Software, Services
o Protocol: EtherCAT, EtherNet Or IP, Profinet, Powerlink, Sercos III, CC-Link IE, Other Protocols
o Application: Oil And Gas, Aerospace And Defense, Energy And Power, Electrical And Electronics, Automotive And Transport, Chemicals, Other Applications
Which Region Leads The Industrial Ethernet Market?
The industrial Ethernet market was predominated by the Asia-Pacific region in 2024, followed by North America as the second-largest. The regions analyzed in the market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Industrial Ethernet Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Ethernet Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Ethernet Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Ethernet Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Ethernet Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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