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Industrial Ethernet Market by Offering (Hardware, Software, Services), Protocol (EtherNet/IP, EtherCAT, PROFINET, POWERLINK, SERCOS III, and Others), End User (Automotive and Transportation, Electrical and Electronics, Pharmaceutical and Medical Devices, Aerospace and Defense, Energy and Power, Oil and Gas, Food and Beverages, and Others), and Region 2023-2028
Market Report I 2023-06-14 I 147 Pages I IMARC Group
The global industrial ethernet market size reached US$ 10.70 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.34 Billion by 2028, exhibiting a growth rate (CAGR) of 7.20% during 2023-2028. The increasing usage in different industry verticals, rising awareness about the benefits of ordering food products online, and the growing demand for higher bandwidth connections represent some of the key factors driving the market.
Industrial ethernet (IE) is designed and implemented for use in industrial environments that involve the usage of standard ethernet protocols and technologies and incorporates additional features and considerations to meet the unique requirements of industrial applications. It is a network infrastructure that enables the integration of industrial automation systems, such as programmable logic controllers (PLCs), human-machine interfaces (HMIs), sensors, actuators, and other control devices. It offers high-speed data transfer rates at 100 Mbps or 1 Gbps, which enables the rapid exchange of large volumes of data between devices and systems. It also facilitates the exchange of data and information between different devices and systems, which enables enhanced process visibility, control, and automation to improve operational efficiency, reduce downtime, optimize resource utilization, and enhance productivity. It incorporates security features to protect industrial systems and data from unauthorized access, tampering, and cyber threats.
Industrial Ethernet Market Trends:
There is an increase in the adoption of IE in different industry verticals for real time control and monitoring complex processes. It also allows the easy exchange of critical data between distributed control systems (DCS), supervisory control and data acquisition (SCADA) systems, and various instruments and actuators. This represents one of the major factors strengthening the market growth around the world. Moreover, the rising use of IE in the transportation and logistics sectors for real-time tracking, monitoring, and controlling of vehicles, warehouses, and logistics systems is favoring the growth of the market. It also enables efficient communication between vehicle tracking systems, RFID (radio-frequency identification) readers, and inventory management systems. In addition, IE finds application in the food and beverage (F&B) industry to facilitate easy communication between production equipment, control systems, and manufacturing execution systems (MES) to ensure compliance with regulatory standards and optimize production efficiency. This, along with the growing awareness among individuals about the benefits of ordering food products through online portals, is influencing the market positively. Besides this, the emerging trend of automation, increasing demand for higher bandwidth connections, and the rising traction of Industry 4.0 are some of the other factors propelling the growth of the market. Furthermore, the growing number of data centers is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global industrial ethernet market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on offering, protocol, and end user.
Offering Insights:
Hardware
Software
Services
The report has provided a detailed breakup and analysis of the industrial ethernet market based on the offering. This includes hardware, software, and services. According to the report, hardware represented the largest segment.
Protocol Insights:
EtherNet/IP
EtherCAT
PROFINET
POWERLINK
SERCOS III
Others
A detailed breakup and analysis of the industrial ethernet market based on the protocol has also been provided in the report. This includes EtherNet/IP, EtherCAT, PROFINET, POWERLINK, SERCOS III, and others. According to the report, PROFINET accounted for the largest market share.
End User Insights:
Automotive and Transportation
Electrical and Electronics
Pharmaceutical and Medical Devices
Aerospace and Defense
Energy and Power
Oil and Gas
Food and Beverages
Others
The report has provided a detailed breakup and analysis of the industrial ethernet market based on the end user. This includes automotive and transportation, electrical and electronics, pharmaceutical and medical devices, aerospace and defense, energy and power, oil and gas, food and beverages, and others. According to the report, automotive and transportation represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others) was the largest market for industrial ethernet. Some of the factors driving the Europe industrial ethernet market included expansion of IT industry, integration of advanced technologies, extensive research and development (R&D) activities, etc.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial ethernet market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Belden Inc., Cisco Systems Inc., Honeywell International Inc., Moxa Inc., OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Weidmuller GmbH & Co KG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the repor
Key Questions Answered in This Report:
How has the global industrial ethernet market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global industrial ethernet market?
What is the impact of each driver, restraint, and opportunity on the global industrial ethernet market?
What are the key regional markets?
Which countries represent the most attractive industrial ethernet market?
What is the breakup of the market based on the offering?
Which is the most attractive offering in the industrial ethernet market?
What is the breakup of the market based on the protocol?
Which is the most attractive protocol in the industrial ethernet market?
What is the breakup of the market based on the end user?
Which is the most attractive end user?
What is the competitive structure of the global industrial ethernet market?
Who are the key players/companies in the global industrial ethernet market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Ethernet Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Offering
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Protocol
7.1 EtherNet/IP
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 EtherCAT
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 PROFINET
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 POWERLINK
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 SERCOS III
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End User
8.1 Automotive and Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrical and Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceutical and Medical Devices
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Aerospace and Defense
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Energy and Power
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Oil and Gas
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Food and Beverages
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Advantech Co. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Beckhoff Automation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Belden Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Cisco Systems Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Honeywell International Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Moxa Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 OMRON Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Rockwell Automation Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Schneider Electric SE
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Siemens AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Weidmuller GmbH & Co KG
14.3.12.1 Company Overview
14.3.12.2 Product PortfolioKindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Industrial Ethernet Market: Major Drivers and Challenges
Figure 2: Global: Industrial Ethernet Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Industrial Ethernet Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Industrial Ethernet Market: Breakup by Offering (in %), 2022
Figure 5: Global: Industrial Ethernet Market: Breakup by Protocol (in %), 2022
Figure 6: Global: Industrial Ethernet Market: Breakup by End User (in %), 2022
Figure 7: Global: Industrial Ethernet Market: Breakup by Region (in %), 2022
Figure 8: Global: Industrial Ethernet (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Industrial Ethernet (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Industrial Ethernet (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Industrial Ethernet (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Industrial Ethernet (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Industrial Ethernet (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Industrial Ethernet (EtherNet/IP) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Industrial Ethernet (EtherNet/IP) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Industrial Ethernet (EtherCAT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Industrial Ethernet (EtherCAT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Industrial Ethernet (PROFINET) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Industrial Ethernet (PROFINET) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Industrial Ethernet (POWERLINK) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Industrial Ethernet (POWERLINK) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Industrial Ethernet (SERCOS III) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Industrial Ethernet (SERCOS III) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Industrial Ethernet (Other Protocols) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Industrial Ethernet (Other Protocols) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Industrial Ethernet (Automotive and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Industrial Ethernet (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Industrial Ethernet (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Industrial Ethernet (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Industrial Ethernet (Pharmaceutical and Medical Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Industrial Ethernet (Pharmaceutical and Medical Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Industrial Ethernet (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Industrial Ethernet (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Industrial Ethernet (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Industrial Ethernet (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Industrial Ethernet (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Industrial Ethernet (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Industrial Ethernet (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Industrial Ethernet (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Industrial Ethernet (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Industrial Ethernet (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Industrial Ethernet Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Industrial Ethernet Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Industrial Ethernet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Industrial Ethernet Industry: Drivers, Restraints, and Opportunities
Figure 92: Global: Industrial Ethernet Industry: Value Chain Analysis
Figure 93: Global: Industrial Ethernet Industry: Porter's Five Forces Analysis
Table 1: Global: Industrial Ethernet Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Industrial Ethernet Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 3: Global: Industrial Ethernet Market Forecast: Breakup by Protocol (in Million US$), 2023-2028
Table 4: Global: Industrial Ethernet Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Industrial Ethernet Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Industrial Ethernet Market: Competitive Structure
Table 7: Global: Industrial Ethernet Market: Key Players
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