Technological developments in networking products to favor industrial ethernet market expansion by 2026

With efficient network infrastructure being installed across industrial settings, the industrial ethernet market is expected to procure commendable growth by 2026. Industrial ethernet enables communication across enterprises. It offers the availability of scalable communication performance whenever necessary using switching technology. It also encompasses advanced capabilities like high speed and enhanced connectivity across distance as well as the ability to connect multiple nodes.

Given to growing application and demand in the industrial sector, companies specializing in industrial ethernet products are developing advanced solutions and services. For example, in 2020, supplier of industrial communications equipment, Advantech announced the launch of its latest series of 10G industrial ethernet switches that enable higher flexibility and bandwidth for heavy data transmission. In view of such advancements, Global Market Insights, Inc., reports that the industrial ethernet market may register over USD 100 billion by 2026.

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In terms of component, the industrial ethernet software segment is likely to record a CAGR of more than 20% over the forecast timeframe. Industrial ethernet software solutions allow network management through the monitoring of industrial ethernet networks with different number of nodes.

Through these solutions, multiple devices can be configured at the same time. Industrial ethernet diagnostic software solutions allow efficient topology recognition and support different devices including switches/hubs, WLAN devices, routers, as well as end devices.

Noteworthy advancements in the electrical and electronics sector is slated to offer substantial boost to the industrial ethernet market in the upcoming years. The implementation of industrial ethernet has enabled the usage of latest networking products such as firewalls, routers, hubs, switches, and gateways.

These products allow the interconnection between various network components in industrial settings with different departments. Specific power supply units are designed for industrial ethernet infrastructure that can prevent failures caused due to short circuits, temperature overloads, and voltage overloads.

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With regards to protocol, the Modbus TCP/IP segment is projected to register a CAGR of over 18% by 2026. The Modbus TCP/IP is a Modbus standard running over the TCP interface on the ethernet. The standard is an application protocol that assigns passing and managing data between different layers without the concern of getting affected by another protocol utilized by an immediate layer. Modbus TCP/IP uses Transmission Control Protocol and Internet Protocol for data transmission through Modbus between compatible devices over varied systems.

Geographically, Europe industrial ethernet market is expected to hold over 25% of the global industry share during the forecast period. Presence of major companies like Robert Bosch GmbH, ABB Ltd., and Siemens AG is offering a considerable impetus to the regional market. Firms in the region are working on innovative platform solutions could offer support to customers demanding for enhanced industrial ethernet.
On a global scale, major companies operating in the industrial ethernet market are Rockwell Automation, Robert Bosch GmbH, Cisco Systems, Inc., Schneider Electric SE, and ABB Ltd. These organizations are focused on developing advanced, modern industrial ethernet components.

Table Of Content

Chapter 1   Methodology & Scope

1.1    Scope and definition

1.1.1    Methodology & forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.1.1    Paid sources

1.2.1.2    Public sources

1.2.2    Primary

Chapter 2   Executive Summary

2.1    Industrial ethernet industry 360⁰ synopsis, 2015 - 2026

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Component trends

2.1.4    Protocol trends

2.1.5    Application trends