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Smart Automobiles Fueling The Growth Of The Industrial Ethernet Market: An Emerging Driver Transforming The Industrial Ethernet Market Landscape
Industrial Ethernet
What Is the Projected Growth of the Industrial Ethernet Market?
In the past few years, there has been a noteworthy expansion in the size of the industrial ethernet market. Its value is predicted to rise from $35.77 billion in 2024 to $40.44 billion in 2025, registering a compound annual growth rate (CAGR) of 13.0%. The escalation observed in the historical period can be credited to the upswing in industrial automation, the incorporation of ethernet for real-time dialogue, the augmentation in industrial IoT (IIoT) deployments, the need for swift and dependable connectivity, and a focus on standardizing industrial communication protocols.
The sector size of the industrial ethernet market is set to experience swift expansion in the approaching years, reaching a value of $75.35 billion by 2029, a surge represented by a compound annual growth rate (CAGR) of 16.8%. This growth in the projected period is connected to factors such as the incorporation of time-sensitive networking (TSN) in industrial ethernet, the spread of industry 4.0 initiatives, rising uptake in smart manufacturing, expansion in industrial edge computing, and focus on cybersecurity within industrial networks. The pulse of the future market is also set by the increasing use of gigabit and 10 gigabit ethernet in industrial situations, the creation of power over ethernet (POE) for industrial equipment, the employment of single pair ethernet (SPE) for uncomplicated connectivity, the integration of wireless communication within industrial ethernet systems, and the focus on network convergence in industrial communication apparatus.
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What Are the Different Industrial Ethernet Market Segments?
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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What Are the Primary Drivers Shaping the Industrial Ethernet Market?
Smart cars' rising popularity is predicted to spur the industrial ethernet market's growth. A smart car is a technology that directly connects to the vehicle's electronic control module to document, monitor, and control various automotive subsystems. The industrial ethernet is a considerably faster and reliable networking protocol that fuels intelligent automotive technologies like autonomous cars, vehicle-to-everything communication, advanced driver-assistance systems (ADAS), infotainment systems, and more within the auto industry. A U.S. Department of Transportation report, for instance, forecasts that autonomous vehicle sales in the U.S. will increase from 0.1 million units in 2021 to 4.5 million units by 2025. Hence, the industrial ethernet market will expand as smart car popularity continues to grow.
Which Companies Are Leading in the Industrial Ethernet Market?
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
What Are the Major Trends Shaping the Industrial Ethernet Market?
The role of technological advancement as a salient trend in the industrial ethernet market is becoming increasingly prominent. Firms entrenched in this sector prioritize product innovation to maintain their market standing. For instance, Westermo Network Technologies, a Sweden-based firm specializing in the design and production of industrial data communication products, recently rolled out its avant-garde industrial ethernet switch platform. This innovative platform, designed for substantial data processing and industrial internet of things (IIoT) applications, utilizes the latest generation of the WeOS operating system to optimize the potential of the new hardware. This amalgamation of top-tier hardware, software, and network design support offers enhanced capabilities, reduces total ownership cost, and enables reliable networks across a wider spectrum of industries.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Ethernet Market?
2. What is the CAGR expected in the Industrial Ethernet Market?
3. What Are the Key Innovations Transforming the Industrial Ethernet Industry?
4. Which Region Is Leading the Industrial Ethernet Market?
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