Industrial Ethernet Market (By Offerings: Hardware, Software, Services; By Protocol: EtherCAT, EtherNet/IP, PROFINET, POWERLINK, SERCOS III, CC-Link IE, Others; By End-use Industry: Oil and Gas, Automotive & Transportation, Energy & Power, Chemical & Fertilizer, Food & Beverages, Electrical & Electronics, Aerospace & Defense, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global industrial ethernet market size was estimated at USD 8.45 billion in 2022 and it is expected to hit around USD 21.62 billion by 2032, expanding at a CAGR of 9.9% during the forecast period 2023 to 2032.
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The Asia Pacific industrial ethernet market size accounted for USD 3.3 billion in 2022 and is estimated to reach around USD 8.51 billion by 2032, growing at a CAGR of 10% from 2023 to 2032.
Asia Pacific accounted for the largest share of the Industrial ethernet market in 2022; the region is anticipated to continue its growth during the forecast period. The Asia Pacific industrial ethernet market is characterized by the presence of prominent market players, supportive government policies, rapid adoption of Industry 4.0, increasing investment in industrial automation, and rapid industrialization.
The increasing popularity of industrial ethernet across automotive sectors and consumer electronics in countries such as China, Japan, and India are the major factors behind the dominance of the Asia Pacific industrial ethernet market during the forecast period. Additionally, various initiatives have been by many developing nations such as China, India, Japan, and others, promoting automation and rapid digitalization across all industrial verticals. In a study by HMS Networks on the industrial network market, HMS concludes that the industrial ethernet continues to grow at the fastest growth rate.
North America is the fastest-growing region in the global Industrial ethernet market. The North American region is experiencing a strong penetration of the Internet of Things (IoT) devices, increasing investments in industrial infrastructure, huge investments in industrial automation, and an upsurge in industrialization. Thereby, these factors create a strong potential for the industrial ethernet market to expand in North America.
Electricity played a crucial role in the industrial revolution, enabling more efficient and mass production of several durable goods such as home appliances, automobiles, and others. The world is becoming increasingly connected in the digitalization era, and more advanced networking technologies are being launched for industrial applications. Manufacturers are adopting digital industrialization or Industry 4.0. ethernet allows computers to share files, browse the internet, and access printers and other hardware devices connected to the network. Ethernet is efficient, reliable, and flexible. Ethernet is the most widely embraced networking protocol globally. The low cost required in implementation has made ethernet an attractive networking technology for industrial environments.
Industrial ethernet is about creating an automated network. It has surpassed conventional fieldbus architectures to become the leading connection protocol in factories across the globe. Industrial ethernet is expanding steadily, and several standards bodies continue to develop standards to support it. industrial ethernet (IE) uses ethernet in an industrial setting with protocols. Determinism and real-time control are important factors when defining Industrial ethernet.
Industrial ethernet widens the network’s value across industries. Due to rapid technological advancements, ethernet protocols have become one of the most crucial types of transmission in automation technology. Industrial ethernet switches, cables, and connectors need to withstand harsh conditions (heat and cold, vibrations, chemicals, factory noise, and others) in an industrial setting. Industrial Ethernet assists in creating a safe and reliable network infrastructure across all business and production levels.
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 9.9% |
| Market Size in 2023 | USD 9.24 Billion |
| Market Size by 2032 | USD 21.62 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Offerings, By Protocol, and By Protocol |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The increasing adoption of industrial automation is expected to fuel the growth of the market during the forecast period. Industrial automation is the control of machinery and processes by autonomous systems through the use of advanced technologies such as robotics and computer software. Industrial ethernet networks deliver uninterrupted and seamless connectivity services between different automation devices.
Connected devices such as actuators, PLCs (Programmable Logic Controllers), sensors, and industrial automation and control systems (IACS) deliver real-time data that can be used for monitoring quality, and cost reduction. Several enterprises across the globe are embracing Industry 4.0 with integrating advanced technologies such as robotics and artificial intelligence to boost productivity.
The use of industrial ethernet hardware plays a crucial role in automation and machine control networks. The rapid adoption of the Industrial Internet of Things (IIoT) and Industry 4.0, and advanced technologies have promoted industrial ethernet's position as a leading technology fueling digital transformation for smart manufacturing. Thereby, the market is expected to get accelerate.
The high initial investment associated with the deployment of the industrial ethernet network is likely to hamper the market. A huge amount of capital is required to set up the infrastructure, implement software solutions, and purchase key hardware components. Small and medium-sized enterprises (SMEs) most often face budget constraints that discourage them from embracing advanced industrial ethernet technologies. In addition, the implementation and establishment of industrial ethernet networks can be complex and need specific professional skills, which can be difficult for enterprises lacking the required resources and is likely to limit the expansion of the global industrial ethernet market during the forecast period.
Several government initiatives are projected to boost the growth of the industrial ethernet market. Rising government initiatives in developing nations and increasing expenditure for the introduction of automation aim to boost the manufacturing sector. For instance, India is one of the fastest developing countries in the world with a rapidly expanding industrial industry. Technology-driven processes offer visibility and transparency accelerating the growth of India’s manufacturing market and becoming a manufacturing hub in the coming years. India's government's “Make in India” initiative encourages businesses to automate processes in their existing manufacturing facilities with the use of smart technologies.
To strengthen India’s manufacturing capabilities and boost the smart manufacturing sector, several initiatives announced by the Indian government such as the Phased Manufacturing Programme (PMP), Atmanirbhar packages, Production Linked Incentive (PLI) Scheme, and others. The Indian government has implemented several initiatives to attract foreign investors, such as Goods and Services Tax, the reduction in corporate tax rates, reforms in the FDI policy, and addressing liquidity issues in banks and non-banking financial companies (NBFCs).
In addition, to encourage investment, several policies have been introduced including the Industrial Park Rating System (IPRS), India Industrial Land Bank (IILB), National Single Window System (NSWS), National Monetization Pipeline (NMP), and National Infrastructure Pipeline (NIP).
The hardware segment is projected to hold the largest share of the market during the forecast period. The innovation in hardware products including routers, switches, controllers, connectors, and others is the primary factor boosting the growth of the segment. On the other hand, the services segment is expected to show notable growth. Emerging trends in the communication network and integration with the increasing usage of the Internet of Things (IoT) have resulted in the use of the cloud and networking.
The PROFINET and EtherNet/IP segment held the largest share in 2022, with the growing technological advancements across the globe; PROFINET and EtherNet/IP are the most widely used protocols in a variety of industries owing to their several advantages. PROFINET is used to exchange data between controllers and devices in industrial automation. PROFINET is very deterministic and exchanges data in a predefined arrangement. Controllers include Programmable Logic Controllers (PLCs), Distributed Control Systems (DCSs), and Programmable Automation Systems (DDCSs).
Devices include Input and Output (I/O) blocks, Radio Frequency Identification (RFID) readers, drives, process instruments, vision systems, and others. PROFINET boosts productivity with openness, flexibility, efficiency, and performance. Since PROFINET is an open standard, PROFINET products such as PACs, PLCs, Robots, Drives, IOs, Proxies & diagnostic tools are developed by several manufacturers globally.
The automotive and transportation segment is the leading segment of the market; the rising technological advancements in the automobile industry are anticipated to grow the demand for industrial ethernet systems during the forecast period. Industrial ethernet is becoming an innovative approach and is expected to fuel the transport industry in the coming years. Real-time applications such as Advanced Driver Assistance Systems (ADAS), infotainment systems, and others are positively impacting the market’s growth. The automotive industry has unceasingly pioneered new manufacturing processes, propelling the rapid embracing of innovative technologies on the factory floor.
The global industrial ethernet market is fragmented with multiple small-scale and large-scale players, major prominent companies in the global industrial ethernet market are:
Segments Covered in the Report:
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By Offerings
By Protocol
By End-use Industry
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Industrial Ethernet Market
5.1. COVID-19 Landscape: Industrial Ethernet Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Industrial Ethernet Market, By Offerings
8.1. Industrial Ethernet Market, by Offerings, 2023-2032
8.1.1 Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Services
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Industrial Ethernet Market, By Protocol
9.1. Industrial Ethernet Market, by Protocol, 2023-2032
9.1.1. EtherCAT
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. EtherNet/IP
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. PROFINET
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. POWERLINK
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. SERCOS III
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. CC-Link IE
9.1.6.1. Market Revenue and Forecast (2020-2032)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Industrial Ethernet Market, By End-use Industry
10.1. Industrial Ethernet Market, by End-use Industry, 2023-2032
10.1.1. Oil and Gas
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Automotive & Transportation
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Energy & Power
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Chemical & Fertilizer
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Food & Beverages
10.1.5.1. Market Revenue and Forecast (2020-2032)
10.1.6. Electrical & Electronics
10.1.6.1. Market Revenue and Forecast (2020-2032)
10.1.7. Aerospace & Defense
10.1.7.1. Market Revenue and Forecast (2020-2032)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Industrial Ethernet Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.1.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.1.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.2.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.2.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.3.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.3.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.4.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.4.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.5.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.5.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Protocol (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End-use Industry (2020-2032)
Chapter 12. Company Profiles
12.1. ABB Ltd.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Robert Bosch GmbH
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Analog Devices Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. B&R Automation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Moxa Inc
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Belden Inc
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Rockwell Automation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Schneider Electric
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Siemens AG
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Innovasic, Inc
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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