The global Industrial Communication market size is projected to reach US$ 141120 million by 2027, from US$ 77730 million in 2020, at a CAGR of 8.4% during 2021-2027. The growing demand for scalable, quicker, more reliable, and interoperable communication protocols is one of the key driving factors for the Industrial Communication Market.
The industrial communication market is being driven by the increased usage of advanced communication protocols among companies. As industries become more digitally connected, the necessity for effective communication technologies grows. Previous communication protocols were serial-based and therefore couldn't handle the growth of digital data and latency-sensitive applications. Organizations are moving toward more complex and flexible industrial ethernet protocols to overcome these issues.
Growing industrial 4.0 adoption is expected to drive the growth of the communication market. There is a growing demand for communication protocols that are scalable, quicker, more reliable, and interoperable. Industrial Ethernet is critical for complete transparency within an industrial plant and between the plant and business networks. The core of the Industry 4.0 idea is a reliable communication network. Real-time operating requirements are critical to both industrial automation and industrial communication networks. As a result, they must be able to deal with data in a deterministic and redundant manner. The networks must be scalable over a large range of equipment that operates on a number of standards and interfaces.
The research report studies the Industrial Communication market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
Based on type, Industrial Ethernet is expected to be the most lucrative. Industrial Ethernet's popularity and reach are growing because of advantages including better speed, longer connection distances, and the capacity to connect more nodes, which make it ideal for use in process industries.
North America is one of the most lucrative markets for the industrial communication market. The market is being driven by supporting government initiatives and regulations in the region to promote automation and digitalization among sectors. By investing in cutting-edge manufacturing technologies and building a full-fledged network dedicated to scaling up advanced manufacturing technologies and processes, the government is focusing on promoting the adoption of Industry 4.0 manufacturing technologies in the region.
The global Industrial Communication market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Industrial Communication market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
Report Metric |
Details |
Report Name |
Industrial Communication Market |
The market size in 2020 |
USD 77730 Million |
The revenue forecast in 2027 |
USD 141120 Million |
Growth Rate |
Compound Annual Growth Rate (CAGR) of 8.4% from 2021 to 2027 |
Market size available for years |
2021-2027 |
Forecast units |
Value (USD) |
Segments covered |
Type, End-User, Offerings, and Region |
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global Industrial Communication market size is projected to reach US$ 141120 million by 2027, from US$ 77730 million in 2020
Ans. The global Industrial Communication Market is estimated to grow with a CAGR of 8.4% during the forecast period
Ans. The increased adoption of Industry 4.0 is driving the industrial communication market. Digital disruption is wreaking havoc on various industry sectors.
Ans. North America is one of the most lucrative markets for the industrial communication market.
Ans. Yes, the report includes a COVID-19 impact analysis. Also, it is further extended into every individual segment of the report.
Table 1. Global Market Industrial Communication Market Size (US$ Million) Comparison by Region 2016 VS 2021 VS 2027
Table 2. Global Industrial Communication Market Size by Region (2016-2021) & (US$ Million)
Table 3. Global Industrial Communication Market Size Share by Region (2016-2021)
Table 4. Global Industrial Communication Forecasted Market Size by Region (2022-2027) & (US$ Million)
Table 5. Global Industrial Communication Forecasted Market Size Share by Region (2022-2027)
Table 6. Global Industrial Communication Market Size (US$ Million) by Type: 2016 VS 2021 VS 2027
Table 7. Global Industrial Communication Market Size by Type (2016-2021) & (US$ Million)
Table 8. Global Industrial Communication Revenue Market Share by Type (2016-2021)
Table 9. Global Industrial Communication Forecasted Market Size by Type (2022-2027) & (US$ Million)
Table 10. Global Industrial Communication Revenue Market Share by Type (2022-2027)
Table 11. Global Industrial Communication Market Size (US$ Million) by Application: 2016 VS 2021 VS 2027
Table 12. Global Industrial Communication Market Size by Application (2016-2021) & (US$ Million)
Table 13. Global Industrial Communication Revenue Market Share by Application (2016-2021)
Table 14. Global Industrial Communication Forecasted Market Size by Application (2022-2027) & (US$ Million)
Table 15. Global Industrial Communication Revenue Market Share by Application (2022-2027)
Table 16. Global Industrial Communication Revenue (US$ Million) by Players (2016-2021)
Table 17. Global Industrial Communication Revenue Market Share by Players (2016-2021)
Table 18. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Industrial Communication as of 2020)
Table 19. Date of Key Manufacturers Enter into Industrial Communication Market
Table 20. Global Industrial Communication Top Players Headquarters and Area Served
Table 21. Industrial Communication Product Solution and Service
Table 22. Global Industrial Communication Players Market Concentration Ratio (CR5 and HHI)
Table 23. Mergers & Acquisitions, Expansion Plans
Table 24. ABB Basic Information List
Table 25. ABB Description and Business Overview
Table 26. ABB Industrial Communication Products, Services and Solutions
Table 27. Revenue (US$ Million) in Industrial Communication Business of ABB (2016-2021)
Table 28. ABB Recent Developments
Table 29. Rockwell Automation Basic Information List
Table 30. Rockwell Automation Description and Business Overview
Table 31. Rockwell Automation Industrial Communication Products, Services and Solutions
Table 32. Revenue (US$ Million) in Industrial Communication Business of Rockwell Automation (2016-2021)
Table 33. Rockwell Automation Recent Developments
Table 34. Schneider Electric Basic Information List
Table 35. Schneider Electric Description and Business Overview
Table 36. Schneider Electric Industrial Communication Products, Services and Solutions
Table 37. Revenue (US$ Million) in Industrial Communication Business of Schneider Electric (2016-2021)
Table 38. Schneider Electric Recent Developments
Table 39. Siemens Basic Information List
Table 40. Siemens Description and Business Overview
Table 41. Siemens Industrial Communication Products, Services and Solutions
Table 42. Revenue (US$ Million) in Industrial Communication Business of Siemens (2016-2021)
Table 43. Siemens Recent Developments
Table 44. Advantech Basic Information List
Table 45. Advantech Description and Business Overview
Table 46. Advantech Industrial Communication Products, Services and Solutions
Table 47. Revenue (US$ Million) in Industrial Communication Business of Advantech (2016-2021)
Table 48. Advantech Recent Developments
Table 49. Beckhoff Automation Basic Information List
Table 50. Beckhoff Automation Description and Business Overview
Table 51. Beckhoff Automation Industrial Communication Products, Services and Solutions
Table 52. Revenue (US$ Million) in Industrial Communication Business of Beckhoff Automation (2016-2021)
Table 53. Beckhoff Automation Recent Developments
Table 54. Cisco Systems Basic Information List
Table 55. Cisco Systems Description and Business Overview
Table 56. Cisco Systems Industrial Communication Products, Services and Solutions
Table 57. Revenue (US$ Million) in Industrial Communication Business of Cisco Systems (2016-2021)
Table 58. Cisco Systems Recent Developments
Table 59. Emerson Electric Basic Information List
Table 60. Emerson Electric Description and Business Overview
Table 61. Emerson Electric Industrial Communication Products, Services and Solutions
Table 62. Revenue (US$ Million) in Industrial Communication Business of Emerson Electric (2016-2021)
Table 63. Emerson Electric Recent Developments
Table 64. Endress+Hauser Basic Information List
Table 65. Endress+Hauser Description and Business Overview
Table 66. Endress+Hauser Industrial Communication Products, Services and Solutions
Table 67. Revenue (US$ Million) in Industrial Communication Business of Endress+Hauser (2016-2021)
Table 68. Endress+Hauser Recent Developments
Table 69. General Electric Basic Information List
Table 70. General Electric Description and Business Overview
Table 71. General Electric Industrial Communication Products, Services and Solutions
Table 72. Revenue (US$ Million) in Industrial Communication Business of General Electric (2016-2021)
Table 73. General Electric Recent Developments
Table 74. Infineon Technologies Basic Information List
Table 75. Infineon Technologies Description and Business Overview
Table 76. Infineon Technologies Industrial Communication Products, Services and Solutions
Table 77. Revenue (US$ Million) in Industrial Communication Business of Infineon Technologies (2016-2021)
Table 78. Infineon Technologies Recent Developments
Table 79. National Instruments Basic Information List
Table 80. National Instruments Description and Business Overview
Table 81. National Instruments Industrial Communication Products, Services and Solutions
Table 82. Revenue (US$ Million) in Industrial Communication Business of National Instruments (2016-2021)
Table 83. National Instruments Recent Developments
Table 84. TE Connectivity Basic Information List
Table 85. TE Connectivity Description and Business Overview
Table 86. TE Connectivity Industrial Communication Products, Services and Solutions
Table 87. Revenue (US$ Million) in Industrial Communication Business of TE Connectivity (2016-2021)
Table 88. TE Connectivity Recent Developments
Table 89. Texas Instruments Basic Information List
Table 90. Texas Instruments Description and Business Overview
Table 91. Texas Instruments Industrial Communication Products, Services and Solutions
Table 92. Revenue (US$ Million) in Industrial Communication Business of Texas Instruments (2016-2021)
Table 93. Texas Instruments Recent Developments
Table 94. North America Industrial Communication Market Size by Country (2016-2021) & (US$ Million)
Table 95. North America Industrial Communication Market Size by Country (2022-2027) & (US$ Million)
Table 96. Europe Industrial Communication Market Size by Country (2016-2021) & (US$ Million)
Table 97. Europe Industrial Communication Market Size by Country (2022-2027) & (US$ Million)
Table 98. Asia-Pacific Industrial Communication Market Size by Region (2016-2021) & (US$ Million)
Table 99. Asia-Pacific Industrial Communication Market Size by Region (2022-2027) & (US$ Million)
Table 100. Asia-Pacific Industrial Communication Market Share by Region (2016-2021)
Table 101. Asia-Pacific Industrial Communication Market Share by Region (2022-2027)
Table 102. Latin America Industrial Communication Market Size by Country (2016-2021) & (US$ Million)
Table 103. Latin America Industrial Communication Market Size by Country (2022-2027) & (US$ Million)
Table 104. Middle East & Africa Industrial Communication Market Size by Players (2016-2021) & (US$ Million)
Table 105. Middle East & Africa Industrial Communication Market Size by Country (2022-2027) & (US$ Million)
Table 106. Industrial Communication Market Trends
Table 107. Industrial Communication Market Drivers
Table 108. Industrial Communication Market Challenges
Table 109. Industrial Communication Market Restraints
Table 110. Research Programs/Design for This Report
Table 111. Key Data Information from Secondary Sources
Table 112. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Industrial Communication Market Size Year-over-Year 2016-2027 & (US$ Million)
Figure 2. Global Industrial Communication Market Size (US$ Million), 2016 VS 2021 VS 2027
Figure 3. Global Industrial Communication Market Share by Regions: 2021 VS 2027
Figure 4. Global Industrial Communication Forecasted Market Size Share by Region (2022-2027)
Figure 5. North America Industrial Communication Market Size (US$ Million) Growth Rate (2016-2027)
Figure 6. Europe Industrial Communication Market Size (US$ Million) and Growth Rate (2016-2027)
Figure 7. Asia-Pacific Industrial Communication Market Size (US$ Million) and Growth Rate (2016-2027)
Figure 8. Latin America Industrial Communication Market Size (US$ Million) and Growth Rate (2016-2027)
Figure 9. Middle East & Africa Industrial Communication Market Size (US$ Million) and Growth Rate (2016-2027)
Figure 10. Global Industrial Communication Market Size Share by Type in 2021 & 2027
Figure 11. Fieldbus Market Size (US$ Million) YoY Growth (2016-2027)
Figure 12. Industrial Ethernet Market Size (US$ Million) YoY Growth (2016-2027)
Figure 13. Wireless Market Size (US$ Million) YoY Growth (2016-2027)
Figure 14. Global Industrial Communication Market Size Share by Application in 2021 & 2027
Figure 15. Automotive & Transportation Market Size (US$ Million) YoY Growth (2016-2027)
Figure 16. Electrical and Electronics Market Size (US$ Million) YoY Growth (2016-2027)
Figure 17. Aerospace & Defense Market Size (US$ Million) YoY Growth (2016-2027)
Figure 18. Oil & Gas Market Size (US$ Million) YoY Growth (2016-2027)
Figure 19. Food & Beverages Market Size (US$ Million) YoY Growth (2016-2027)
Figure 20. Pharmaceutical Market Size (US$ Million) YoY Growth (2016-2027)
Figure 21. Industrial Communication Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2016 VS 2020
Figure 22. Global Top 5 and Top 10 Players Industrial Communication Market Share in 2020
Figure 23. North America Industrial Communication Market Share by Country (2016-2027)
Figure 24. United States Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 25. Canada Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 26. Germany Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 27. France Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 28. U.K. Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 29. Italy Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 30. Russia Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 31. Nordic Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 32. Rest of Europe Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 33. Asia-Pacific Industrial Communication Market Share by Region (2016-2027)
Figure 34. China Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 35. Japan Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 36. South Korea Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 37. Southeast Asia Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 38. India Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 39. Australia Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 40. Rest of Asia-Pacific Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 41. Latin America Industrial Communication Market Share by Country (2016-2027)
Figure 42. Mexico Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 43. Brazil Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 44. Rest of Latin America Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 45. Middle East & Africa Industrial Communication Market Share by Country (2016-2027)
Figure 46. Turkey Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 47. Saudi Arabia Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 48. UAE Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 49. Rest of Middle East & Africa Industrial Communication Market Size (2016-2027) & (US$ Million)
Figure 50. Bottom-up and Top-down Approaches for This Report
Figure 51. Data Triangulation
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