Pune, April 01, 2025 (GLOBE NEWSWIRE) -- Industrial Ethernet Market Size Analysis:
“The Industrial Ethernet Market, valued at USD 11.2 billion in 2023, is projected to grow at a CAGR of 7.74%, reaching USD 21.9 billion by 2032.”
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Major Players Analysis Listed in this Report are:
- Siemens – SCALANCE Industrial Ethernet Switches
- Cisco – Catalyst Industrial Ethernet Switches
- Rockwell Automation – Allen-Bradley Stratix Switches
- Belden – Hirschmann Industrial Ethernet Solutions
- Moxa – Moxa EDS Series Switches
- Phoenix Contact – FL SWITCH Industrial Ethernet Series
- Schneider Electric – Modicon Industrial Ethernet Switches
- ABB – ABB Industrial Ethernet Routers
- Hewlett Packard Enterprise (HPE) – Aruba Industrial Ethernet Switches
- Huawei – CloudEngine Industrial Ethernet Switches
- Omron – Omron Industrial Ethernet Controllers
- Advantech – Advantech Industrial Ethernet Switches
- Beckhoff Automation – EtherCAT Industrial Ethernet Solutions
- General Electric (GE) – GE Industrial Ethernet Switches
- Honeywell – Experion Industrial Ethernet Solutions
Industrial Ethernet Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 11.2 Billion |
| Market Size by 2032 | USD 21.9 Billion |
| CAGR | CAGR of 7.74% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | • Growing adoption of Industry 4.0 and industrial automation is fueling the demand for high-speed and reliable Industrial Ethernet networks. |
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The Industrial Ethernet market is growing with the rising use of automation, IoT, and Industry 4.0 in manufacturing and industrial applications. Demand is driven by the requirement for high-speed, reliable, and scalable networking solutions to improve real-time data communication and process efficiency. Increasing investments in smart factories, robotics, and digitalization also propel market growth. The future is in the convergence of AI, 5G, and cybersecurity technologies to increase network performance and security. Furthermore, the advent of edge computing and industrial cloud use cases will increase demand for sophisticated Ethernet solutions. With industries focusing on effortless connectivity and efficiency, Industrial Ethernet will be the key to shaping the future of smart manufacturing.
The U.S. Industrial Ethernet Market, valued at USD 2.87 billion in 2023, is projected to grow at a CAGR of 7.87%, reaching USD 5.67 billion by 2032.
The expansion of the U.S. Industrial Ethernet Market is propelled by growing use of automation, smart manufacturing, and Industry 4.0 projects. Growing need for high-speed, secure industrial networking solutions to enable real-time data transfer and process improvement is a major driver. Growth of IoT, robotics, and AI-based industrial applications further fuels market growth. Also, rising investments in cybersecurity, edge computing, and industrial cloud solutions intensify the requirement for superior Ethernet networks, providing smooth connectivity and business efficiency across sectors.
By Type, Hardware Segment Dominates with 48% Revenue Share in 2023, Software Segment Poised for Rapid Growth
In 2023, the hardware segment dominated the market with a 48% revenue share, fueled by the demand for rugged, high-performance devices in industrial settings. Industrial Ethernet switches, routers, and cables are built to resist extreme temperatures, humidity, dust, and vibrations. Their reliability and durability are essential to avoiding expensive downtime and maintaining network stability, making them indispensable for industrial applications.
The software segment is expected to see substantial growth during the forecast period as a result of growing network complexity. Automated management, real-time monitoring, and sophisticated diagnostics are necessary to keep networks running at their best. With expanding industrial networks, end-to-end visibility offerings and rapid trouble isolation will be unavoidable for trouble-free operation and improved efficiency.
By Protocol, PROFINET Protocol Leads the Market with Strong Industrial Adoption, EtherCAT Protocol Set for Fastest Growth
In 2023, the PROFINET protocol segment held the largest market share, accounting for a considerable revenue percentage because of its reliability and real-time functionality. It provides high-accuracy data transfer and synchronization, necessary for uses such as motion control and process automation. PROFINET's better performance, reliability, and capacity to exercise firm control of industrial processes make it the top option for industrial Ethernet applications.
The EtherCAT protocol segment is also expected to register the fastest growth rate over the forecast period with its superior real-time control abilities. In contrast to conventional protocols, EtherCAT processes data in real-time while passing through nodes in a network, providing ultra-low latency and high synchronization accuracy. This is why it finds extensive use in industries that necessitate high-speed, precise communication, thereby accelerating its adoption among sophisticated automation and control systems.
By End-Use, Automotive & Transportation Segment Leads with Largest Market Share, Electrical & Electronics Segment Set for Fastest Growth
In 2023, the Automotive & Transportation segment led the market as automotive manufacturing grows with greater automation and digitalization. Technologically advanced technologies like robots, automated guided vehicles, and real-time data analysis are dependent on fast, dependable communication to operate flawlessly. Industrial Ethernet supports effective data transfer between production stages, meeting the expanding need for advanced networking solutions as electric and autonomous cars transform the industry.
The Electrical & Electronics segment will grow at the fastest CAGR through the forecast period due to miniaturization and sophistication of electronic products. Sophisticated manufacturing involves high-speed, dependable machine-to-machine communication and process control. Industrial Ethernet supplies the underlying infrastructure to drive greater operational efficiency with seamless connectivity for advanced manufacturing processes that are behind high-quality electronic manufacturing.
Industrial Ethernet Market Segmentation:
By Type
- Hardware
- Software
- Services
By Protocol
- EtherCAT
- EtherNet/IP
- PROFINET
- POWERLINK
- SERCOS III
- CC-Link IE
By End-Use
- Automotive & Transportation
- Oil and Gas
- Energy & Power
- Food & Beverages
- Chemical & Fertilizer
- Electrical & Electronics
- Aerospace & Defense
- Others
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North America Leads the Industrial Ethernet Market with 36% Revenue Share, Asia Pacific Poised for Fastest Growth with Rising Industrialization
In 2023, North America led the Industrial Ethernet market, holding 36% of total revenue. The presence of big solution providers such as Rockwell Automation, Cisco Systems, and Belden Inc. has made the region's market stronger. They promote innovation through creating sophisticated Ethernet solutions for industrial use. Their large distribution networks, coupled with ongoing product development, have boosted market growth, providing stable, high-performance networking solutions for industrial automation.
The Asia Pacific region is projected to experience the fastest CAGR in the Industrial Ethernet market throughout the forecast period. Industrialization and urbanization in major economies like China, India, and Southeast Asian nations are triggering the demand for sophisticated automation solutions. With the growth of manufacturing industries, the requirements for high-speed, low-latency industrial networking are increasing, making Industrial Ethernet an indispensable part of contemporary production and smart factory operations.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Industrial Ethernet Market Segmentation, By Type
8. Industrial Ethernet Market Segmentation, by Protocol
9. Industrial Ethernet Market Segmentation, by End-User
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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