Industrial Communication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Factor responsible to hinder the growth of industrial communication market is various threat and risks associated with cyber security that act as a restraining factor. Nevertheless, in a dynamic technological era, demand for wireless networks and IIOT is rising which is subjected to provide sufficient opportunities of growth to the industrial communication market in forthcoming period.
The "Global Industrial communication Market Analysis to 2031" is a specialized and in-depth study of the industrial communication industry with a focus on the global market trend. The report aims to provide an overview of global industrial communication market with detailed market segmentation on the basis of on component, protocol, application, and geography. The global industrial communication market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Industrial communication market based on component, protocol, and application. It also provides market size and forecast till 2031 for overall Industrial communication market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key industrial communication market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are the list of companies for Industrial communication market are Honeywell International, Inc., Sick AG, Belden Inc., ABB Ltd., Siemens AG, Omron Corporation, Rockwell Automation, Inc., Moxa Inc., Ifm Electronic GmbH, and Mitsubishi Electric Group among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 INDUSTRIAL COMMUNICATION MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Industrial Communication Market - By Component
3.2.2 Industrial Communication Market - By Protocol
3.2.3 Industrial Communication Market - By Application
3.2.4 Industrial Communication Market - By Region
3.2.4.1 By Countries
3.3 PEST ANALYSIS
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific (APAC) - PEST Analysis
3.3.4 Middle East & Africa (MEA) - PEST Analysis
3.3.5 South America (SAM)- PEST Analysis
4 INDUSTRIAL COMMUNICATION MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 INDUSTRIAL COMMUNICATION MARKET - GLOBAL MARKET ANALYSIS
5.1 INDUSTRIAL COMMUNICATION - GLOBAL MARKET OVERVIEW
5.2 INDUSTRIAL COMMUNICATION - GLOBAL MARKET AND FORECAST TO 2028
6 INDUSTRIAL COMMUNICATION MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT
6.1 OVERVIEW
6.2 COMPONENT MARKET FORECASTS AND ANALYSIS
6.3 HARDWAE MARKET
6.3.1 Overview
6.3.2 Hardware market forecast and analysis
6.3.2.1 Connectors Market
6.3.2.1.1 Overview
6.3.2.1.2 Connectors market forecast and analysis
6.3.2.2 Switches Market
6.3.2.2.1 Overview
6.3.2.2.2 Switches market forecast and analysis
6.3.2.3 Communication Interfaces Market
6.3.2.3.1 Overview
6.3.2.3.2 Communication Interfaces market forecast and analysis
6.3.2.4 Hubs, Routers, and Gateways Market
6.3.2.4.1 Overview
6.3.2.4.2 Hubs, Routers, and Gateways market forecast and analysis
6.3.2.5 Others Market
6.3.2.5.1 Overview
6.3.2.5.2 Others market forecast and analysis
6.4 SOFTWARE MARKET
6.4.1 Overview
6.4.2 Software market forecast and analysis
6.5 SERVICES MARKET
6.5.1 Overview
6.5.2 Services market forecast and analysis
7 INDUSTRIAL COMMUNICATION MARKET REVENUE AND FORECASTS TO 2028 - PROTOCOL
7.1 OVERVIEW
7.2 PROTOCOL MARKET FORECASTS AND ANALYSIS
7.3 FIELDBUS MARKET
7.3.1 Overview
7.3.2 Fieldbus market forecast and analysis
7.3.2.1 Foundation Fieldbus and Hart Market
7.3.2.1.1 Overview
7.3.2.1.2 Foundation Fieldbus and Hart market forecast and analysis
7.3.2.2 Profibus Market
7.3.2.2.1 Overview
7.3.2.2.2 Profibus market forecast and analysis
7.3.2.3 Others Market
7.3.2.3.1 Overview
7.3.2.3.2 Others market forecast and analysis
7.4 WIRELESS MARKET
7.4.1 Overview
7.4.2 Wireless market forecast and analysis
7.4.2.1 Cellular Market
7.4.2.1.1 Overview
7.4.2.1.2 Cellular market forecast and analysis
7.4.2.2 WLAN Market
7.4.2.2.1 Overview
7.4.2.2.2 WLAN market forecast and analysis
7.4.2.3 Others Market
7.4.2.3.1 Overview
7.4.2.3.2 Others market forecast and analysis
7.5 INDUSTRIAL ETHERNET MARKET
7.5.1 Overview
7.5.2 Industrial Ethernet market forecast and analysis
7.5.2.1 Ethernet/IP Market
7.5.2.1.1 Overview
7.5.2.1.2 Ethernet/IP market forecast and analysis
7.5.2.2 CC-Link Ie Market
7.5.2.2.1 Overview
7.5.2.2.2 CC-Link Ie market forecast and analysis
7.5.2.3 Others Market
7.5.2.3.1 Overview
7.5.2.3.2 Others market forecast and analysis
8 INDUSTRIAL COMMUNICATION MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1 OVERVIEW
8.2 APPLICATION MARKET FORECASTS AND ANALYSIS
8.3 AEROSPACE & DEFENSE MARKET
8.3.1 Overview
8.3.2 Aerospace & defense market forecast and analysis
8.4 AUTOMOTIVE AND TRANSPORTATION MARKET
8.4.1 Overview
8.4.2 Automotive and transportation market forecast and analysis
8.5 CHEMICALS AND FERTILIZERS MARKET
8.5.1 Overview
8.5.2 Chemicals and fertilizers market forecast and analysis
8.6 ENERGY & POWER MARKET
8.6.1 Overview
8.6.2 Energy & power market forecast and analysis
8.7 ELECTRICAL AND ELECTRONICS MARKET
8.7.1 Overview
8.7.2 Electrical and electronics market forecast and analysis
8.8 FOOD & BEVERAGES MARKET
8.8.1 Overview
8.8.2 Food & beverages market forecast and analysis
8.9 MINING MARKET
8.9.1 Overview
8.9.2 Mining market forecast and analysis
8.10 PHARMACEUTICAL MARKET
8.10.1 Overview
8.10.2 Pharmaceutical market forecast and analysis
8.11 OTHERS MARKET
8.11.1 Overview
8.11.2 Others market forecast and analysis
9 INDUSTRIAL COMMUNICATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA
9.1.1 North America Industrial Communication Market Overview
9.1.2 North America Industrial Communication Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Countries
9.1.3.1 US market
9.1.3.2 Canada market
9.1.3.3 Mexico market
9.1.4 North America Market Forecasts and Analysis - By Component
9.1.5 North America Market Forecasts and Analysis - By Protocol
9.1.6 North America Market Forecasts and Analysis - By Application
9.2 EUROPE
9.2.1 Europe Industrial Communication Market Overview
9.2.2 Europe Industrial Communication Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Countries
9.2.3.1 France market
9.2.3.2 Germany market
9.2.3.3 Italy market
9.2.3.4 Spain market
9.2.3.5 UK market
9.2.3.6 Rest of Europe
9.2.4 Europe Market Forecasts and Analysis - By Component
9.2.5 Europe Market Forecasts and Analysis - By Protocol
9.2.6 Europe Market Forecasts and Analysis - By Application
9.3 ASIA PACIFIC (APAC)
9.3.1 Asia Pacific Industrial Communication Market Overview
9.3.2 Asia Pacific Industrial Communication Market Forecasts and Analysis
9.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
9.3.3.1 Australia market
9.3.3.2 China market
9.3.3.3 India market
9.3.3.4 Japan market
9.3.3.5 Rest of APAC
9.3.4 Asia Pacific Market Forecasts and Analysis - By Component
9.3.5 Asia Pacific Market Forecasts and Analysis - By Protocol
9.3.6 Asia Pacific Market Forecasts and Analysis - By Application
9.4 MIDDLE EAST AND AFRICA (MEA)
9.4.1 Middle East and Africa Industrial Communication Market Overview
9.4.2 Middle East and Africa Industrial Communication Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.3.1 South Africa market
9.4.3.2 Saudi Arabia market
9.4.3.3 UAE market
9.4.3.4 Rest of MEA
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Component
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Protocol
9.4.6 Middle East and Africa Market Forecasts and Analysis - By Application
9.5 SOUTH AMERICA (SAM)
9.5.1 South America Industrial Communication Market Overview
9.5.2 South America Industrial Communication Market Forecasts and Analysis
9.5.3 South America Market Forecasts and Analysis - By Countries
9.5.3.1 Brazil market
9.5.3.2 Rest of SAM
9.5.4 South America Market Forecasts and Analysis - By Component
9.5.5 South America Market Forecasts and Analysis - By Protocol
9.5.6 South America Market Forecasts and Analysis - By Application
10 INDUSTRY LANDSCAPE
10.1 MERGERS & ACQUISITIONS
10.2 MARKET INITIATIVES
10.3 NEW DEVELOPMENTS
10.4 INVESTMENT SCENARIOS
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE PRODUCT MAPPING
11.2 MARKET POSITIONING/ MARKET SHARE
12 INDUSTRIAL COMMUNICATION MARKET, KEY COMPANY PROFILES
12.1 HONEYWELL INTERNATIONAL, INC.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 SICK AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 BELDEN INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 ABB LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 SIEMENS AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 OMRON CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 ROCKWELL AUTOMATION, INC.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 MOXA INC.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 IFM ELECTRONIC GMBH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 MITSUBISHI ELECTRIC GROUP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 APPENDIX
13.1 ABOUT THE INSIGHT PARTNERS
13.2 GLOSSARY OF TERMS
13.3 Research Methodology
1. Honeywell International, Inc.
2. Sick AG
3. Belden Inc.
4. ABB Ltd.
5. Siemens AG
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Moxa Inc.
9. Ifm Electronic GmbH
10. Mitsubishi Electric Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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