Global Industrial PROFINET Market 2017-2021

Overview of the global industrial PROFINET market

Research analysis on the global industrial PROFINET market identifies benefits such as secure communication in industrial networks as one of the major factors that will have a positive impact on the market's growth. Communication through PROFINET is through the Internet and it provides universal communication with all the safety aspects. It prevents unauthorized access, uses certified devices and specifications, and protects end devices by uninstalling unnecessary applications and disabling default passwords. PROFIsafe enables single network functioning and also allows users to access data even from remote locations. Additionally, it also eliminates all possibilities of errors by and provides real-time communications. Technavio's market research analysts predict that this market will grow at a CAGR of more than 17% by 2021.

With the presence of leading players such as Siemens and ABB, EMEA will account for the major shares of the industrial PROFINET market throughout the predicted period. The rising demand for intelligent communication in industrial processes, and growing investments in both the discrete and process industries and the implementation of robotics, will fuel the market's growth in this region. The automotive manufacturers in the region such as Mercedes, Volkswagen, Audi, Porsche, and BMW increasingly demand PROFINET-based products from their suppliers to enhance energy and operational efficiencies.

Competitive landscape and key vendors

The market pears to be concentrated with the presence of few vendors. Since this technology requires a high degree of expertise, the vendors are focusing on maintaining the standard specifications which will ease installations in industries. To retain their market shares, the players in the industrial PROFINET market are concentrating on the expansion of their services and are also offering personalized devices based on the requirements of the end-users.

The leading vendors in the market are -

• Belden
• CISCO
• HMS
• Moxa
• Siemens

The other prominent vendors in the market are ABB, B&R Automation (A member of ABB Group from July' 2017), Beckhoff Automation, Innovasic, ProSoft Technology, and Schneider Electric.

Segmentation by solution and analysis of the industrial PROFINET market

• Hardware and software solution
• Service

During 2016, the hardware and software solution segment accounted for the major shares of this market. The hardware solution reduces the cost of communication and enables faster access to the I/O data whereas the software solution creates a link between the controller device and supervisor device. The easy access to historical data which enables predictive maintenance planning will be one of the major factors fueling the growth of the industrial PROFINET market in this segment.

Segmentation by coverage and analysis of the industrial PROFINET market

• Factory automation
• Supervisory control

The factory automation segment will contribute to the major shares of the industrial PROFINET market throughout the next four years and this will mainly attribute to the rising demand for artificial intelligence. Factors such as the increase in connectivity between machines and devices and the need for data acquisition, fuel the demand for PROFINET in factory automation.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial PROFINET market?
• What are the key market trends impacting the growth of the global industrial PROFINET market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial PROFINET market?
• What are the market opportunities and threats faced by the vendors in the global industrial PROFINET market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial PROFINET market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global industrial PROFINET market offers insights into the major trends and forthcoming drivers influencing the growth of the industrial automation industry. Our industry reports for the industrial automation sector also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automation.  

By considering the market forecast and size and the rising need for various segments of the automation sector, the market research professionals at Technavio present an all-inclusive picture of the industrial PROFINET market from 2017 to 2021. Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of quantitative and qualitative data collection methods and assess the changing demand-supply landscape of the automation sector. The key advantage gained from the adoption of this approach is better statistical models and vendor analysis.

This forthcoming market research report on the industrial PROFINET market also covers vendors like Siemens, Moxa, Cisco, HMS (Anybus), and Hirschmann. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the industrial PROFINET market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the industrial PROFINET market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automation sector currently experiences. This upcoming report on the industrial PROFINET market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the industrial automation industry. Technavio also provides deep-dive market assessments into the sectors such as robotics.

Our market research methodology for the global industrial PROFINET market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.