Press release
Industrial Communication Market Growth, Forecast and Value Chain 2017-2027
High performance industrial communication technology can transfer large amounts of data in real-time and with minimum delay, operates in an energy efficient manner, utilizes more wireless technology, both within plant and remote connectivity and connects a large number of individual devices in a reliable manner with data security.
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Industrial CommunicationMarket: Drivers and Challenges
Industrial communication market has grown at an exponential rate in the past few years due to increasing adoption of industrial internet of things (IIoT). Industrial Internet of Things connects different infrastructure and reduces operating expenses which helps drive the growth of industrial communication market. The increased bandwidth capabilities of open networks like Ethernet is used in Internet of Things automation and smart factories to streamline maintenance in order to eliminate breakdowns. Also, due to wide adoption of M2M (Machine to Machine) solutions for controlling power grid communications and remote monitoring of smart meters has contributed to the growth of industrial communication market.
Industrial CommunicationMarket: Segmentation
Segmentation on the basis of component:
Hardware
Software
Services
Segmentation on the basis of protocol:
Fieldbus
Industrial Ethernet
Wireless
Segmentation on the basis of application:
Transportation
Oil and Gas
Aerospace and Defense
Utilities
Healthcare and Medical
Food and Beverages
Manufacturing
Others
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Industrial CommunicationMarket: Competition Landscape
Few of the companies in industrial communication market are: ABB Ltd., Emerson Electric Company, Texas Instruments Incorporated, Rockwell Automation, Inc., TE Connectivity Ltd., Advanced Industrial Automation Group, Infineon Technologies AG, National Instruments, General Electric, Siemens AG and Schneider Electric SE.
Industrial Communication Market: Regional Overview
Industrial communication market is currently dominated by North America region owing to advancements in technology and prevalence of Internet of Things market. Europe industrial communication market follows next as the region is quite well versed with latest technologies and the adoption rate of various industry verticals towards advanced technologies is high. APEJ region is picking up pace in the industrial communication market due to growing industrialization in this region.
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