Industrial Ethernet Market Overview and Scope of Worldwide Industry Analysis, Services and Solutions by Forecast to 2023

Market Synopsis of Global Industrial Ethernet Market:
Industrial Ethernet provide real time control over the network communication in applications related to industry.

Industrial ethernet is the use of ethernet cable in the industrial application to provide real time control over the network communication. With advancement in process control or industrial automation, as the major driving factor in growth of Industrial Ethernet Market, the global industrial ethernet market is expected to grow significantly during the forecasted period. The increased adoption of industrial automation in various industrial sectors to improve the production efficiency, product quality minimizing the errors in production is driving the market. The automation is driving the companies to implement smart factory techniques using industrial Ethernet.

Major Key Players of Global Industrial Ethernet Market:
Beckhoff Automation (Germany), Cisco Systems, Inc (U.S.), Rockwell Automation, Inc (U.S.), Schneider Electric SE (France), ABB Group (Switzerland), B&R Industrial Automation GmbH (Austria), Belden Incorporated (U.S.), Bosch Rexroth AG (Germany), ACS Motion Control Ltd (Israel), General Electric Company (U.S.), Honeywell International Inc (U.S.), Omron Corporation (Japan), Eaton Corporation (Ireland), Siemens AG among others.

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Market dynamics of the Global Industrial Ethernet Market:
Drivers
• Growing demand due to advancement in process control or industrial automation
• Benefits such as greater production efficiency, product quality, superior bandwidth, lower operating cost, reduction in production errors etc.
• Growing automation and smart factory design and the growing cost of industrial process disruption
• Adoption of Industrial Internet of Things (IIoT)
• Remote operations and growing use of analytics, sensors, cloud infrastructure and others

Restraints:
• High cost of installation
• Network security concerns
• Technological obsolesce and difficulty in transferring old systems to a new protocol
• Need for rigid standardization of protocols
• Concerns for integrating wireless into industrial Ethernet applications
• Real-time uses may suffer for protocols using TCP
• Poor data transmission efficiency due to mismatch between frame size. Minimum Ethernet frame size is 64 bytes, which affects data transmission efficiency as most industrial communication data sizes are 1–8 bytes.

Opportunities:
• The growing adoption of fiber Ethernet is stimulating the market as it reduces electrical noise and provides better electrical isolation.
• Peer-to-peer architectures are expected to replace master-slave ones

Segmentation of Global Industrial Ethernet Market:
The global industrial Ethernet market is segmented into components, protocol type, application and region.

Component - hardware, software and services. The hardware is having the largest hold of market share of industrial Ethernet market. The hardware components include gateways, routers, switches and others.

Protocol type - PROFINET (Process Field Network), POWERLINK, EtherCAT (Ethernet for Control Automation Technology, Modbus/TCP (Transmission Control Protocol), Ethernet/IP (Internet Protocol), CC-Link IE and Sercos III. ROFINET is widely used in the industrial Ethernet applications and is also expected to grow at a fast pace due to factors such as increased network coverage, increased quality of transmission and growing bandwidth capacity. POWERLINK holds the second position after PROFINET in industrial Ethernet growth.

Application - electronics, defense, industrial, automotive, pharmaceuticals, aerospace, oil & gas, food & beverage, and water & waste water. Of the end users, electronics and automotive hold the largest market share of the industrial Ethernet followed by the automotive industry. The automotive industry is expected to record the fastest growth because of the adoption of automation or process control from assembly line, to component manufacturing.

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Regional Analysis of Global Industrial Ethernet Market:
By regions, the market is segmented into North America, Europe, Asia Pacific and rest of the world. The Asia Pacific is dominating the industrial Ethernet market by region due to the growth of consumer electronics, electronic component manufacturing and emerging automobile industries in countries like China, Japan, India, South Korea and Taiwan. Following Asia Pacific, is the North America and Europe.

The North America market is expected to be led by the U.S. however these markets have been saturated in terms of volume and a critical technological breakthrough is needed in these regions. Countries such as U.S., Canada, U.K, Germany and France have a large presence of Automotive, Oil & Gas, Aerospace and defense industries, which benefits the market. Germany is expected to be the major nation in the market.

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