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The industrial wireline networking market size is estimated to grow at a CAGR of 6.31% between 2023 and 2028. The market size is forecast to increase by USD 2,007.35 million. The growth of the market depends on several factors, including the growing benefits of industrial ethernet, the increasing adoption of IIoT, and the increasing adoption of power over ethernet. The global industrial wireline networking market covers the revenue generated from the sales of switches, gateways, routers, and cables of Industrial Ethernet and Fieldbus communication networks. The report also considers the revenue generated through the sales of communication network solutions such as Profibus, Modbus, DeviceNet, ASI, SERCOS Ethernet/IP, PROFINET, EtherCAT, Modbus Transmission Control Protocol/Internet Protocol, POWERLINK, Sercos III, and CC-Link IE in the industrial sector.
This industrial wireline networking market report extensively covers market segmentation by application (industrial ethernet and fieldbus), deployment (on-premise and cloud), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
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One of the key factors driving the industrial wireline networking market growth is the increasing adoption of IIoT. Connected devices in Industrial Ethernet, including the I/O drives, sensors, and other allied components that exist at the lower end of the automation hierarchy, play a major role in the development of connectivity-enabled business strategies in the future. In addition, the advent of Industry 4.0 and the ongoing implementation of IIoT, both of which demand a continuous interconnection from the smallest sensor up to the enterprise-level system and beyond, have made the use of Industrial Ethernet the de-facto choice in end-user industries.
Moreover, the implementation of IIoT in an industrial plant enables physical devices that are embedded with sensors, software, and hardware to collect, analyze, and exchange data without the need for human intervention. Furthermore, with the use of data analytics, most of the emerging solutions encompass the reach of enterprise applications in various places in process architecture, which include machines and their associated sensors, I/O modules, and controllers to enable faster and improved response actions in manufacturing and processing operations. Hence, such factors drive the market growth during the forecast period.
A key factor shaping the industrial wireline networking market growth is the emergence of smart factories. The emergence of smart factories is changing the facade of industrial manufacturing. In addition, in a smart factory, real-time data and information are connected using a constant stream of data and, therefore, can improve or optimize the processes through automation and self-optimization.
Moreover, network and cloud are two connected infrastructures that are key to achieving this goal. In addition, the network facilitates the interconnection for communication and data flow, while the cloud delivers powerful and elastic computing and storage abilities for Big Data and intelligent applications for further analysis. Therefore, to attain such connectivity specifications, industrial Ethernet protocols such as EtherCAT are selected to implement machine networks (controller-to-sensors/actuators communication), machine-to-cloud communication, and machine-to-machine (M2M) communication, respectively, in the smart factory. Hence, such factors drive the market growth during the forecast period.
The threat of cyber-attacks is one of the key challenges hindering the industrial wireline networking market growth. Industrial Ethernet facilitates the use of a single network, right from the enterprise IT to the factory floor, thereby improving decision-making. However, it also increases the chances of cyber-attacks. For example, some Industrial Ethernet protocols are based on a standard transmission control protocol/internet protocol (TCP/IP), user datagram protocol stack, which can result in security vulnerabilities.
Furthermore, Open Industrial Ethernet protocols such as EtherNet/IP, PROFINET, and EtherCAT incorporate the IP suite to enhance operational efficiency. However, despite the availability of different anti-malware programs that promise to protect industrial systems against such attacks, these programs do not offer sufficient protection to industries against hackers. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The industrial ethernet segment is estimated to witness significant growth during the forecast period. The industrial ethernet segment is generally used to connect devices including programmable logic controllers (PLCs), local and distributed I/O, and servo controllers and drives on the plant floor and in industrial facilities. In addition, the increased adoption of industrial automation in various industrial sectors to improve production efficiency and product quality and minimize errors in production is fuelling the industrial ethernet market across the world.
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The industrial ethernet segment was the largest segment and was valued at USD 2,668.54 million in 2018. Moreover, the acceptance of industrial ethernet as a protocol has been growing within the end-user industries mainly because it is cost-effective offers higher bandwidth, and provides ease of scalability. In addition, this has resulted in the high adoption of industrial ethernet as a protocol in place of Fieldbus. Furthermore, of all the different types of protocols under Ethernet, the Ethernet TCP/IP protocol is projected to witness extensive adoption as it facilitates connections between various devices such as robots, sensors, PLCs, and other industrial machines. Therefore, as the ethernet TCP/IP protocol enables effective and real-time communication of time-sensitive factory/floor data in the industrial environment, it is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
The evolving business requirement will fuel the on-premise segment which in turn will drive the market growth during the forecast period. End-user industries differ in terms of networking requirements. For instance, the requirements of the automotive industry will be different from those of end-users engaged in oil and gas. In addition, companies concentrating on the same area will have different requirements based on their potential customers. Moreover, global end-users focus more on the functionality of the system rather than the price. Furthermore, they also deal with critical business data, which is most important for the organization. In addition, the on-premise option removes company dependency and enables enterprises to change different aspects of the system as required. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 30% 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.
Another region offering significant growth opportunities to companies is APAC. APAC will account for a lower share in comparison to North America and Europe in terms of revenue as no network in the region stands out as truly market-leading. On the other hand, PROFINET, EtherCAT, EtherNet/IP, PROFIBUS, Modbus, and CC-Link are widely used in the region, and the Ethernet version of CC-Link IE Field is also gaining traction in the region. In addition, the industrial wireline networking market in APAC is expected to be fuelled by the growth in the oil and gas, food and beverage, and automotive industries in the region. As the food and beverage industry, deploys wireline networks such as Fieldbus and Ethernet for applications such as filtration, separation, condensation and cooling, phase separation, packaging, conveyor systems, production lines, and others, the growth of the industry will positively impact the market. Therefore, it is expected to drive market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global industrial wireline networking market witnessed a significant slowdown due to the temporary shutdown of operations of several industries in the APAC region. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in industrial units. Such factors are expected to drive the market during the forecast period.
The industrial wireline networking market 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.
Global Industrial Wireline Networking Market Customer Landscape
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.
ABB Ltd: The company offers industrial wireline networking such as ethernet interfaces namely, MTQ22 and PDQ22.
Analog Devices Inc: The company offers industrial wireline networking such as Ethernet 10BASE-T1L and IO-Link solution.
Balluff GmbH: The company offers industrial wireline networking such as A0009 with IO-link communication.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative 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. 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.
The industrial wireline networking market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Industrial Wireline Networking Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.31% |
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Market Growth 2024-2028 |
USD 2,007.35 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.97 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 30% |
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Key countries |
US, China, Japan, Germany, and the UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Analog Devices Inc., Balluff GmbH, BCE Inc., Beckhoff Automation GmbH and Co. KG, Belden Inc., Cisco Systems Inc., Cyient Ltd., Emerson Electric Co., Hans Turck GmbH and Co. KG, Hitachi Ltd., HMS Networks AB, Huawei Technologies Co. Ltd., Industrial Networking Solutions, Mitsubishi Electric Corp., Moxa Inc., Nexans SA, Rockwell Automation Inc., Siemens AG, and Signamax Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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