Industrial Communication Market Growth Potential & Forecast, 2019 – 2025

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Industrial Communication Market to exceed 160bn
by 202
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Key Insights from Industrial Communication Market

• The emergence of the Industrial Internet of
  Things (IIoT) solution is driving the industrial
  communication market. Over the past five years,
  IIoT has emerged as one of the most disruptive
  technology. It is transforming industrial process
  and automating operation across several industry
  verticals including automotive, manufacturing,
  energy, oil gas, healthcare, and
  transportation.
• Supportive government initiatives to promote
  automation among industries augment the demand
  for industrial communication market. Governments
  across countries are playing a pivotal role in
  driving digitalization automation across
  industry verticals. They are working closely with
  industry giants and other private sector players
  to promote the adoption of advanced technologies.

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Continued

• Ethernet IP will grow at a CAGR of over 12
  during the forecast period. The large-scale
  adoption of the protocol throughout the
  manufacturing architecture is the primary factor
  supporting the growth of the industrial
  communication market.
• As digitalization across the industry verticals
  is increasing, organizations are shifting from
  legacy communication systems toward advanced
  ethernet protocols to cope up with the changing
  communication requirements. This is encouraging
  the adoption of ethernet IP protocol.

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U.S. Industrial Communication Market Revenue, By
Component, 2018 2025, (USD Million)

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Major Companies Industrial Communication Market

• ABB
• ACS Motion Control
• Advanced Motion Control
• ADVANTECH
• Beckhoff Automation

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Industry Coverage

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Regional Insights in Industrial Communication
Market

Asia Pacific industrial communication market will
grow at a CAGR of more than 12 during the
forecast period. The market is driven by rapid
industrialization in the emerging economies of
the region. The supportive government policies
for promoting domestic manufacturing capabilities
and the low cost skilled labor force are some
of the primary factors that paved the way for
industrialization in the region. Moreover, the
increasing adoption of the Industry 4.0
revolution further augments the demand for the
industrial communication market.
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