A Comprehensive Overview of Industrial Communication Market Landscape

The global industrial communication market size was estimated at USD 21.15 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.The growing integration of the Industrial Internet of Things (IIoT) is one of the most significant trends driving the market. IIoT enables seamless connectivity among machines, sensors, and control systems, facilitating real-time data analysis and decision-making. By leveraging IIoT, manufacturers can monitor equipment performance, reduce downtime through predictive maintenance, and enhance overall operational efficiency. The increasing use of smart sensors, combined with cloud computing and big data analytics, further accelerates the adoption of automation solutions across various industries, from manufacturing to energy and power.

Another major trend shaping the industrial communication industry is the shift toward Industry 4.0. This next-generation industrial revolution focuses on creating smart factories where machines communicate autonomously, and operations are highly optimized. Industry 4.0 technologies, including robotics, artificial intelligence (AI), and machine learning, are transforming industries' operations. Companies increasingly invest in automation to streamline production processes, reduce human error, and increase flexibility in responding to market demands. The rising adoption of AI-powered robots for complex tasks drives the push toward more automated and intelligent manufacturing systems.

Gather more insights about the market drivers, restrains and growth of the Industrial Communication Market

Key Industrial Communication Company Insights

Key players operating in the industrial communication market include Cisco Systems, Inc., Siemens, Rockwell Automation, Inc., OMRON Corporation, Moxa Inc., Huawei Technologies Co., Ltd., SICK AG, Schneider Electric, ABB, and Belden Inc. Prominent companies are capturing significant market share by offering a diverse range of solutions that cater to evolving industry needs, such as high-speed data transfer, real-time control, and secure communication protocols. As industries continue to transition toward digitalization and smart manufacturing, these companies are expected to maintain their leadership by innovating in areas such as edge computing, 5G integration, and cybersecurity for industrial networks.

Many companies in the market are actively implementing strategic initiatives to expand their presence across different regions. For instance, in June 2023, Fiberroad Technology Co., Ltd. launched the Auto Pro series of industrial Ethernet switches designed to enhance automation in industrial management systems. The series integrated key features such as Auto Broadcast Suppression, Auto QoS Priority, and Auto Power Switching, offering intelligent, professional-grade performance for various industrial applications. The Auto Pro series was tailored for demanding environments, ensuring stability, high performance, and energy efficiency through innovations such as Auto Energy Management and dual power switching. It was versatile, supporting applications in industrial automation, road traffic management, and data center monitoring.

Global Industrial Communication Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial communication market report based on offering, communication protocol, vertical, and region:

Offering Outlook (Revenue, USD Billion, 2018 - 2030)

• Components

o Switches

o Gateways

o Routers & WAP

o Controllers & Connectors

o Power Supply Devices

o Others

• Software

• Services

Communication Protocol Outlook (Revenue, USD Billion, 2018 - 2030)

• Fieldbus

• Industrial Ethernet

• Wireless

Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive

• Aerospace and Defense

• Food and Beverages

• Electrical and Electronics

• Pharmaceuticals & Medical Devices

• Oil & Gas

• Chemicals & Fertilizers

• Energy & Power

• Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

o UAE

o Kingdom of Saudi Arabia (KSA)

o South Africa

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