- Industrial Area
- Communication
- Hazardous Area Communication
- Public Address/General Alarm
Industrial Communications Market is estimated to be valued at USD 312.9 million in 2023 and is poised to grow at a CAGR of 3.2% over 2024-2030. Industrial communication is the key to increased efficiency in every business since it allows the organization to operate machines and the whole production line, monitor current traffic systems, and control power distribution. The industrial area communication segment is anticipated to grow at a significant CAGR over the forecast years owing to the significant rise in demand for wireless technologies such as Bluetooth Smart, Wireless HART, WLAN, and Zigbee is creating new development potential in the industrial communication industry, primarily in the oil and gas chemicals, electronics, and energy and power generating industries. Moreover, the other players are focusing on launching new products The EDS-4000/G4000 series includes 68 models to help Moxa’s customers build future-proof industrial networks to strengthen operational resilience in industrial spaces such as power, transportation, maritime, and factory automation. Major factors that are expected to boost the growth of the industrial communication market in the forecast period are the rise in the demand for scalable, faster, reliable, and interoperable communication protocols. Furthermore, the growing of utilization of digital twins to safely monitor smart production operations is further anticipated to propel the growth of the industrial communication market.
Industrial Communications Market Key Developments:
- In May 2022, Siemens (Germany) announced its VXLAN transmission technology allows transmission of Profinet IO via a private 5G network, which allows data to be transmitted in real-time for industrial applications.
- In March 2022, Moxa, a leader in industrial communications and networking, launched its next-generation industrial Ethernet switches, the EDS-4000/G4000 Series.
Industrial Communications Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.2%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Industrial Communications Market Dynamics
Industrial Internet of Things connects different infrastructure and reduces operating expenses which helps drive the growth of industrial communication market. The increased bandwidth capabilities of open networks like Ethernet is used in Internet of Things automation and smart factories to streamline maintenance in order to eliminate breakdowns. Also, due to wide adoption of M2M (Machine to Machine) solutions for controlling power grid communications and remote monitoring of smart meters has contributed to the growth of industrial communication market.
Asia-Pacific Got Significant Share
Industrial Communications Market Regional Analysis
The Industrial Communications market in Asia pacific is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to Asia Pacific is presently the most major manufacturing centre for automakers and electronics manufacturers. Companies in Asia Pacific utilise modern automation systems to compete with other global competitors, which necessitate highly dependable communication networks that can aid in machine-to-machine (M2M) communication in factories. Asia Pacific manufacturing firms widely use the smart factory idea to apply sophisticated production technology on the plant floor.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Industrial Communications Market Segmentation
By Application
By End User
- Oil & Gas
- Manufacturing
- Pulp & Paper
- Water Treatment
- Power
- Chemical
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The industrial communications market growing at a CAGR of 3.2% during 2023
Cisco (US), Siemens (Germany), Rockwell Automation (US), Omron (Japan), Moxa (Taiwan), Huawei Technologies (China)
Asia Pacific is the fastest-growing region for the industrial communications market
The self-service segment holds the highest market share.
| 1.Executive Summary |
| 2.Global Industrial Communications Market Introduction |
| 2.1.Global Industrial Communications Market - Taxonomy |
| 2.2.Global Industrial Communications Market - Definitions |
| 2.2.1.Application |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Industrial Communications Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Industrial Communications Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Industrial Communications Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Industrial Area |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Communication |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hazardous Area Communication |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Public Address/General Alarm |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Industrial Communications Market By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Oil & Gas |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Manufacturing |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Pulp & Paper |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Water Treatment |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Power |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Chemical |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Industrial Communications Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Industrial Area |
| 8.1.2.Communication |
| 8.1.3.Hazardous Area Communication |
| 8.1.4.Public Address/General Alarm |
| 8.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Oil & Gas |
| 8.2.2.Manufacturing |
| 8.2.3.Pulp & Paper |
| 8.2.4.Water Treatment |
| 8.2.5.Power |
| 8.2.6.Chemical |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Industrial Area |
| 9.1.2.Communication |
| 9.1.3.Hazardous Area Communication |
| 9.1.4.Public Address/General Alarm |
| 9.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Oil & Gas |
| 9.2.2.Manufacturing |
| 9.2.3.Pulp & Paper |
| 9.2.4.Water Treatment |
| 9.2.5.Power |
| 9.2.6.Chemical |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Industrial Area |
| 10.1.2.Communication |
| 10.1.3.Hazardous Area Communication |
| 10.1.4.Public Address/General Alarm |
| 10.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Oil & Gas |
| 10.2.2.Manufacturing |
| 10.2.3.Pulp & Paper |
| 10.2.4.Water Treatment |
| 10.2.5.Power |
| 10.2.6.Chemical |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Industrial Area |
| 11.1.2.Communication |
| 11.1.3.Hazardous Area Communication |
| 11.1.4.Public Address/General Alarm |
| 11.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Oil & Gas |
| 11.2.2.Manufacturing |
| 11.2.3.Pulp & Paper |
| 11.2.4.Water Treatment |
| 11.2.5.Power |
| 11.2.6.Chemical |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Industrial Communications Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Industrial Area |
| 12.1.2.Communication |
| 12.1.3.Hazardous Area Communication |
| 12.1.4.Public Address/General Alarm |
| 12.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Oil & Gas |
| 12.2.2.Manufacturing |
| 12.2.3.Pulp & Paper |
| 12.2.4.Water Treatment |
| 12.2.5.Power |
| 12.2.6.Chemical |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Cisco |
| 13.2.2.Siemens |
| 13.2.3.Rockwell Automation |
| 13.2.4.Omron |
| 13.2.5.Moxa |
| 13.2.6.Huawei Technologies |
| 13.2.8.Schneider Electric |
| 13.2.9.ABB |
| 13.2.10.Belden |
| 13.2.11.GE Grid Solutions |
| 13.2.12.Advantech |
| 13.2.13.HMS Networks |
| 13.2.14.IFM Electronic |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Cisco
- Siemens
- Rockwell Automation
- Omron
- Moxa
- Huawei Technologies
- SICK
- Schneider Electric
- ABB
- Belden
- GE Grid Solutions
- Advantech
- HMS Networks
- IFM Electronic