Industrial Communication Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Mar 2023 Pages: 176 SKU: IRTNTR43102

Industrial Communication Market Size 2023-2027

The industrial communication market size is forecast to increase by USD 73.71 billion at a CAGR of 10.92% between 2022 and 2027. The market's expansion hinges on key factors such as the growing integration of IIoT technology, the introduction of innovative Fieldbus systems, and the widespread implementation of industrial Ethernet solutions. These advancements are reshaping industrial automation by enhancing connectivity, data collection, and operational efficiency. The rising adoption of IIoT offers real-time insights and predictive maintenance capabilities, while new Fieldbus technologies streamline communication within industrial networks. Additionally, industrial Ethernet solutions provide high-speed, reliable connectivity for seamless data transmission. Collectively, these trends drive market growth by empowering industries with enhanced connectivity, data management, and automation capabilities.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, Request Free Sample

Market Segmentation

This report extensively covers market segmentation by product (Fieldbus, industrial ethernet, and wireless), type (component, software, and services), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.

Market Dynamics and Customer Landscape

The process industries are a key sector within the market, characterized by their unique communication needs and operational workflows. Efficiency is paramount in these industries, driving the adoption of advanced communication technologies to streamline processes and reduce human intervention. Standardization plays a crucial role in ensuring interoperability and seamless communication across various industrial equipment and interfaces. Protocols such as HART communication and IEEE 802 are widely used in industrial settings, enabling efficient data exchange and control. However, challenges like data misrepresentation and the need for plug-and-play features are addressed through innovative solutions offered by equipment manufacturers. The evolution of wireless networks incorporating technologies like Bluetooth Smart, WirelessHART, WLAN, and Zigbee has revolutionized communication in sectors like the oil & gas industry, electronics industry, and energy & power generation industry. These wireless solutions enhance flexibility, mobility, and real-time data access, mitigating issues related to high voltage transients, surge, burst, and electrical fast transients (EFT). Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is driven by the growing adoption of IIoT technology. IIoT connects physical devices with sensors, software, and hardware to exchange data without human intervention. Smart devices and traditional non-internet-enabled devices make up the IIoT network. Manufacturers benefit from open networks like Ethernet over dedicated automation networks due to higher bandwidth and continuous expansion.

Moreover, IIoT implementation in smart factories boosts throughput, productivity, and inventory reduction. Industrial end users with Ethernet ecosystems can fully leverage smart factories' efficiency. The increasing adoption of IIoT technology positively impacts the global industrial communications market's growth during the forecast period.

Significant Market Trend

The integration of Fieldbus with IIoT is a significant trend driving the growth of the Market. The 4th Industrial Revolution brought about the convergence of IIoT and Fieldbuses, especially in modern industrial communication systems, to enhance connectivity, security, and performance. Fieldbus enables real-time data transmission on device status, diagnostics, process variables, and configuration parameters via IIoT, ensuring constant monitoring of plant operations for optimal performance.

Moreover, this integration reduces CAPEX and OPEX as end-users benefit from internet-enabled industrial automation systems, minimizing the need for additional auxiliary devices and reducing downtime for application delivery. The coexistence of simple and intelligent devices with standardized communication protocols ensures investment security, positively impacting the market growth during the forecast period. 

Major Market Challenge

The Market faces challenges due to the lack of determinism in industrial communication networks. Determinism refers to a communication protocol's ability to ensure that messages are sent and received within a fixed or predictable time, crucial for critical control applications in industrial automation.

Moreover, industrial control systems require real-time information transfer, where even a slight network interruption can disrupt the manufacturing process and compromise personnel safety. Ethernet networks' characteristics, with nodes sending data packets to all other nodes, can lead to collisions, reducing determinism and potentially impacting the market's growth during the forecast period.

Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

General Electric Co: The company offers advanced software applications for optimization sensors and building control, switches, access control, control systems and instruments for energy management, remote patient monitoring systems, video surveillance, fire products, and installation, maintenance, and upgrades of systems.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • ABB Ltd.
  • Advantech Co. Ltd.
  • ASUSTeK Computer Inc.
  • Beckhoff Automation GmbH and Co. KG
  • Belden Inc.
  • Cisco Systems Inc.
  • Emerson Electric Co.
  • FANUC Corp.
  • Huawei Technologies Co. Ltd.
  • IFM electronic GmbH
  • Moxa Inc.
  • National Instruments Corp.
  • OMRON Corp.
  • Physik Instrumente GmbH and Co. KG
  • Rockwell Automation Inc.

Qualitative and quantitative market research report analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market research and growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Market?

The market share growth by the Fieldbus segment will be significant during the forecast period. Fieldbus is an industrial network system used for real-time distributed control. It is a method of connecting devices in a production facility. Different types of fieldbuses used for communication in the industry are Profibus, Modbus, and others. Profibus connects automation modules to process controllers. The process controller uses a single multidrop cable to connect devices. The equipment is economical for use on large construction sites. This is because installation costs are low, and fault isolation is easier with a single cable connection. 

Get a glance at the market contribution of various segments Request a PDF Sample

The Fieldbus segment was valued at USD 42.28 billion in 2017 and continued to grow until 2021. The emergence of Industry 4.0 and IIoT in the process industry highlights the importance of real-time communication and automation systems. Industrial Fieldbus protocols such as SERCOS III are therefore used for intelligent monitoring and autonomous decision-making. This method is used in the process industry for integrated safety and control systems. Therefore, continued implementation of integrated safety and intelligent monitoring systems in process industries is expected to drive demand for SERCOS III over the forecast period. 

Which are the Key Regions for the Market?

For more insights on the market share of various regions Request PDF Sample now!

APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is now the world leader in automotive production. There is a high demand for automation from the booming automotive industry (both production and sales), especially in countries such as China, Japan, India, Malaysia, and South Korea. Therefore, increased investment in automotive production in APAC during the forecast period is likely to lead to increased adoption of IE. Rapid urbanization and industrialization in emerging markets such as India and China are creating demand for automation solutions in process industries such as oil & gas, food & beverage, paper & pulp, and power. As a result, APAC has become the fastest-growing region in this market. 

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments. 

  • Product Outlook 
    • Fieldbus
    • Industrial Ethernet
    • Wireless
  • Type Outlook
    • Component
    • Software
    • Services
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market is evolving rapidly, driven by factors such as standardization efforts, the increasing complexity of industrial equipment, and the need for seamless interfaces between diverse systems. However, challenges like data misrepresentation and ensuring plug-and-play features remain paramount. Manufacturers are investing heavily in wireless networks like Bluetooth Smart, WirelessHART, WLAN, and Zigbee to enhance connectivity across industries like the oil & gas industry, electronics industry, and energy & power generation industry.

Moreover, technologies such as HART communication, IEEE 802, and cellular technologies are also gaining traction, although concerns persist around high voltage transients, electrostatic discharge (ESD), and lightning strikes. The market landscape depends on Equipment manufacturers, Surge, Burst, Electrical fast transients (EFT), Industrial communication equipment, Services offerings, Sensing technologies, and Pharma facility. Robust industrial switches and electromagnetic protection are crucial for ensuring network stability amid shock and vibration. Industrial communication solutions encompass networking wires, printed circuit board (PCB) designs, and device housings optimized for heat dissipation and air conditioning. Service offerings include network design, maintenance contracts, and remote support services for sectors like medical devices, chemical plants, and pharma facilities. These solutions aim to provide real-time access, enhance supply chain integration, and offer extended enterprise visibility into vital manufacturing data.

Market Scope

Report Coverage

Details

Page number

176

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.92%

Market growth 2023-2027

USD 73.71 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

9.1

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Advantech Co. Ltd., ASUSTeK Computer Inc., Beckhoff Automation GmbH and Co. KG, Belden Inc., Cisco Systems Inc., Emerson Electric Co., FANUC Corp., General Electric Co., Huawei Technologies Co. Ltd., IFM electronic GmbH, Moxa Inc., National Instruments Corp., OMRON Corp., Physik Instrumente GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SICK AG, Siemens AG, and Texas Instruments Inc.

Market dynamics

Parent market analysis, market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market forecast analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial communication market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global industrial communication market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Fieldbus - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Fieldbus - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Fieldbus - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Fieldbus - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Fieldbus - Year-over-year growth 2022-2027 (%)
    • 6.4 Industrial Ethernet - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Industrial Ethernet - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Industrial Ethernet - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Industrial Ethernet - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Industrial Ethernet - Year-over-year growth 2022-2027 (%)
    • 6.5 Wireless - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Wireless - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Wireless - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Wireless - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Wireless - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Component - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Component - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Component - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Component - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Component - Year-over-year growth 2022-2027 (%)
    • 7.4 Software - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Software - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 7.5 Services - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 119: ABB Ltd. - Overview
              • Exhibit 120: ABB Ltd. - Business segments
              • Exhibit 121: ABB Ltd. - Key offerings
              • Exhibit 122: ABB Ltd. - Segment focus
            • 12.4 Advantech Co. Ltd.
              • Exhibit 123: Advantech Co. Ltd. - Overview
              • Exhibit 124: Advantech Co. Ltd. - Business segments
              • Exhibit 125: Advantech Co. Ltd. - Key offerings
              • Exhibit 126: Advantech Co. Ltd. - Segment focus
            • 12.5 Beckhoff Automation GmbH and Co. KG
              • Exhibit 127: Beckhoff Automation GmbH and Co. KG - Overview
              • Exhibit 128: Beckhoff Automation GmbH and Co. KG - Product / Service
              • Exhibit 129: Beckhoff Automation GmbH and Co. KG - Key offerings
            • 12.6 Belden Inc.
              • Exhibit 130: Belden Inc. - Overview
              • Exhibit 131: Belden Inc. - Business segments
              • Exhibit 132: Belden Inc. - Key news
              • Exhibit 133: Belden Inc. - Key offerings
              • Exhibit 134: Belden Inc. - Segment focus
            • 12.7 Cisco Systems Inc.
              • Exhibit 135: Cisco Systems Inc. - Overview
              • Exhibit 136: Cisco Systems Inc. - Business segments
              • Exhibit 137: Cisco Systems Inc. - Key news
              • Exhibit 138: Cisco Systems Inc. - Key offerings
              • Exhibit 139: Cisco Systems Inc. - Segment focus
            • 12.8 Emerson Electric Co.
              • Exhibit 140: Emerson Electric Co. - Overview
              • Exhibit 141: Emerson Electric Co. - Business segments
              • Exhibit 142: Emerson Electric Co. - Key news
              • Exhibit 143: Emerson Electric Co. - Key offerings
              • Exhibit 144: Emerson Electric Co. - Segment focus
            • 12.9 General Electric Co.
              • Exhibit 145: General Electric Co. - Overview
              • Exhibit 146: General Electric Co. - Business segments
              • Exhibit 147: General Electric Co. - Key news
              • Exhibit 148: General Electric Co. - Key offerings
              • Exhibit 149: General Electric Co. - Segment focus
            • 12.10 Huawei Technologies Co. Ltd.
              • Exhibit 150: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 151: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 152: Huawei Technologies Co. Ltd. - Key news
              • Exhibit 153: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 154: Huawei Technologies Co. Ltd. - Segment focus
            • 12.11 National Instruments Corp.
              • Exhibit 155: National Instruments Corp. - Overview
              • Exhibit 156: National Instruments Corp. - Product / Service
              • Exhibit 157: National Instruments Corp. - Key news
              • Exhibit 158: National Instruments Corp. - Key offerings
            • 12.12 OMRON Corp.
              • Exhibit 159: OMRON Corp. - Overview
              • Exhibit 160: OMRON Corp. - Business segments
              • Exhibit 161: OMRON Corp. - Key news
              • Exhibit 162: OMRON Corp. - Key offerings
              • Exhibit 163: OMRON Corp. - Segment focus
            • 12.13 Rockwell Automation Inc.
              • Exhibit 164: Rockwell Automation Inc. - Overview
              • Exhibit 165: Rockwell Automation Inc. - Business segments
              • Exhibit 166: Rockwell Automation Inc. - Key news
              • Exhibit 167: Rockwell Automation Inc. - Key offerings
              • Exhibit 168: Rockwell Automation Inc. - Segment focus
            • 12.14 Schneider Electric SE
              • Exhibit 169: Schneider Electric SE - Overview
              • Exhibit 170: Schneider Electric SE - Business segments
              • Exhibit 171: Schneider Electric SE - Key news
              • Exhibit 172: Schneider Electric SE - Key offerings
              • Exhibit 173: Schneider Electric SE - Segment focus
            • 12.15 SICK AG
              • Exhibit 174: SICK AG - Overview
              • Exhibit 175: SICK AG - Business segments
              • Exhibit 176: SICK AG - Key offerings
              • Exhibit 177: SICK AG - Segment focus
            • 12.16 Siemens AG
              • Exhibit 178: Siemens AG - Overview
              • Exhibit 179: Siemens AG - Business segments
              • Exhibit 180: Siemens AG - Key news
              • Exhibit 181: Siemens AG - Key offerings
              • Exhibit 182: Siemens AG - Segment focus
            • 12.17 Texas Instruments Inc.
              • Exhibit 183: Texas Instruments Inc. - Overview
              • Exhibit 184: Texas Instruments Inc. - Business segments
              • Exhibit 185: Texas Instruments Inc. - Key news
              • Exhibit 186: Texas Instruments Inc. - Key offerings
              • Exhibit 187: Texas Instruments Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              industrial communication market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis