Press release
Global Industrial Ethernet Market Projected to Surpass $75.35 Billion by 2029 with 0.168346804854751% Annual Growth
Industrial Ethernet Market
The increasing interest in intelligent vehicles is predicted to drive the expansion of the industrial ethernet market in the future. The intelligent car is a technique that directly connects to the vehicle's electronic control module to record, monitor, and manage various vehicle control subsystems. Industrial ethernet, a more reliable and considerably faster networking protocol, powers intelligent automotive technologies such as self-driving cars, vehicle-to-everything communication, advanced driver-assistance system (ADAS), infotainment systems, and more in the car industry. For example, a U.S. Department of Transportation report forecasts that autonomous vehicle sales in the U.S. will increase to 4.5 million units by 2025, a significant rise from just 0.1 million units in 2021. Thus, the increasing interest in intelligent vehicles is set to fuel the growth of the industrial ethernet market.
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What Is the projected market size and growth rate for the industrial ethernet market?
The rapid expansion of the industrial ethernet market size in recent years is quite remarkable. The market is projected to elevate from $35.77 billion in 2024 to $40.44 billion in 2025, growing at a compound annual growth rate (CAGR) of 13.0%. This heightened growth during the historical period is a result of numerous factors such as the enhancement of industrial automation, the employment of ethernet in real-time communication, a surge in industrial IoT (IIoT) installations, the need for high-speed and consistently reliable connectivity, and a focus on the standardization of industrial communication protocols.
Expectations are high for the industrial ethernet market to experience significant growth with its size anticipated to escalate to $75.35 billion by 2029, growing at a compound annual growth rate of about 16.8%. This projected growth can be largely credited to several factors including the incorporation of time-sensitive networking into industrial ethernet, an expansion of industry 4.0 initiatives, rising use in smart manufacturing, and an increasing focus on cybersecurity in industrial setups. Additionally, growth in industrial edge computing is also anticipated to fuel the expansion. Noteworthy future trends can be linked to the gradual adoption of gigabit and 10 gigabit ethernet within industrial frameworks, the innovation of power over ethernet (POE) for industry-specific devices, the utilization of single pair ethernet (SPE) for streamlined connectivity, the inclusion of wireless communication into industrial ethernet networks and particular emphasis on network convergence within industrial communication frameworks.
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What new trends are reshaping the industrial ethernet market and its opportunities?
Progressions in technology are becoming a principal factor in the progression of the industrial ethernet market. Major corporations within the sector are concentrating their efforts on product innovation to maintain their market standing. For instance, Westermo Network Technologies, which is based in Sweden and specializes in the design and manufacture of industrial data communications products, recently unveiled a new industrial ethernet switch platform. This proficiently devised and enhanced switch platform is ideal for processing big data and industrial internet of things (IIoT) applications. This platform operates on the latest version of the WeOS operating system, which augments the capacities of the new hardware. It merges hardware, software, and network design support to elevate competencies, reduce the overall ownership cost, and establish reliable networks in a wider array of sectors.
What major market segments define the scope and growth of the industrial ethernet market?
The industrial ethernet market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Protocol: EtherCAT, EtherNet Or 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
Subsegments:
1) By Hardware: Switches, Routers, Cables And Connectors, Network Interface Cards (NICs)
2) By Software: Network Management Software, Security Software, Monitoring And Diagnostic Software
3) By Services: Installation And Configuration Services, Maintenance And Support Services, Consulting Services
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Which region dominates the industrial ethernet market?
Asia-Pacific was the largest region in the industrial ethernet market in 2024.North America was the second largest region of the industrial ethernet market share. The regions covered in the industrial ethernet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the industrial ethernet industry growth?
Major companies operating in the industrial ethernet market include Cisco Systems Inc., Siemens AG, Rockwell Automation Inc., Beckhoff Automation, Moxa Inc., Belden Inc., Huawei Technologies Co Ltd., Asea Brown Boveri Ltd., Schneider Electric SE, ACS Motion Control Ltd., Physik Instrumente GmbH, IFM Electronics GmbH., Analog Devices Inc., Yokogawa Electric Corporation, Eaton Corporation., Robert Bosch GmbH, Bosch Rexroth AG., Honeywell International Inc., Advantech Co. Ltd., B&R Automation, General Electric Pvt Ltd., Weidmuller, Mitsubishi Electric Corporation., Alta Industrial Motion, National Instruments Corporation., Omron Corporation., Parker Hannifin Corporation., Phoenix Contact
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What Is Covered In The Industrial Ethernet Global Market Report?
•Market Size Forecast: Examine the industrial ethernet market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial ethernet market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial ethernet market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial ethernet market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial ethernet market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial ethernet market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial ethernet market.
•Competitive Landscape: Review strategic developments in the industrial ethernet market, including expansions, agreements, and new product launches.
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