Industrial Ethernet Market Forecast 2024 to 2032

 

Industrial Ethernet refers to the use of Ethernet-based communication protocols and technologies within industrial settings and applications. Ethernet, originally developed for office and data communication, has been adapted and optimized to meet the specific requirements of industrial environments, such as manufacturing plants, factories, process control systems, and other industrial automation applications.

The Industrial Ethernet Market was valued at USD 27.86 Billion in 2022 and is expected to register a CAGR of 6.47% by 2032.

The drive towards greater automation in industries, such as manufacturing, automotive, oil and gas, and pharmaceuticals, demands robust and efficient communication networks. Industrial Ethernet provides the connectivity and real-time data exchange required for seamless automation.

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Market Segmentation :
By Offering
Hardware
Software
Services


By End-use Industry
Automotive & Transportation
Electrical & Electronics

Key Players:

ABB Ltd.
Physik Instrumente (PI) GmbH & Co. KG (ACS Motion Control, Ltd.)
Barta-Schoenewald, Inc. (Advanced Motion Control)
BECKHOFF Automation, Belden, Inc.
Robert Bosch GmbH (Bosch Rexroth AG)
Cisco Systems, Inc.
Eaton Corporation, Honeywell International, Inc.
Innovasic, Inc. (ANALOG DEVICES)
Monnit Corporation (Alta Ethernet Gateway)
Moxa, Inc.
Omron Corporation
Other Prominent Players

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