Global Industrial Communication Market Size, Share & Forecast To 2025


Posted June 15, 2020 by rishabh3210

Global Industrial Communication Market Size, Share & Forecast To 2025Global Industrial Communication Market Size, Share & Forecast To 2025

 
The global industrial communication market is estimated to witness significant growth during the forecast period (2019-2025). The growth in industrial automation has created the need for industrial communication for the purpose of making communication within the industry, which in turn propelling the growth of the industrial communication market. The industrial communication is being used in control systems to pass data between PLCs and personal computers, between different PLCs, or between field devices and programmable logic controllers (PLCs), for operator interface, data processing & storage, or information management. The rising adoption of Industry 4.0 revolution in different countries has provoked the rapid adoption of automation in industries.

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In order to promote the Industrial Revolution 4.0 in the region, the European Union (EU) had decided to support the smart use of information and communications technology along with the integration of micro, small, and medium-sized enterprises (SMEs) into digital value chains during 2008–2014. The EU intends to offer this support under its Horizon 2020, which is the EU funding program for research and innovation in the industries. The growing automation in industries is thus expected to drive the growth of the global industrial communication market. The introduction of industrial communication concepts in the industrial application scenarios has offered a tremendous change to the outlook of industrial automation.

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The rising demand for wireless industrial communication networks is an opportunity for the growth of the global industrial communication market. Wireless technologies including Wireless HART, Bluetooth smart, WLAN, and ZigBee are providing immense growth opportunities for the industrial communication market.

Recent Development in Market

In May 2018, Siemens AG launched Industrial Ethernet switches with special functions for the process industry. These new products suitable for the flexible, reliable, and high-performance networking of process automation devices owing to the presence of firmware functions (Profinet S2 device, H-Sync, and configuration in Run/CiR/H-CiR) in interaction with the Simatic PCS 7 process control system make.

Global Industrial Communication Market Segmentation

By Component

Hardware
Software and Services

By Communication Protocol

Fieldbus
Industrial Ethernet
Wireless

By End-User

Automotive and Transportation
Oil & Gas
Food & Beverage
Water & Wastewater
Others

Global Industrial Communication Market – Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

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Tags global industrial communication market size , share forecast to 2025
Last Updated June 15, 2020