The global industrial communication market is estimated to witness significant growth during the forecast period (2019-2025). The growth in industrial automation has created the need for industrial communication for the purpose of making communication within the industry, which in turn propelling the growth of the industrial communication market. The industrial communication is being used in control systems to pass data between PLCs and personal computers, between different PLCs, or between field devices and programmable logic controllers (PLCs), for operator interface, data processing & storage, or information management. The rising adoption of Industry 4.0 revolution in different countries has provoked the rapid adoption of automation in industries.
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In order to promote the Industrial Revolution 4.0 in the region, the European Union (EU) had decided to support the smart use of information and communications technology along with the integration of micro, small, and medium-sized enterprises (SMEs) into digital value chains during 2008–2014. The EU intends to offer this support under its Horizon 2020, which is the EU funding program for research and innovation in the industries. The growing automation in industries is thus expected to drive the growth of the global industrial communication market. The introduction of industrial communication concepts in the industrial application scenarios has offered a tremendous change to the outlook of industrial automation.
Industrial communication has been actively adopted by the industries to connect sensors, machines, and IT systems in a single enterprise. Further, the significant rise in the adoption rate of IoT by various industries has generated the need for establishing a link between different devices to exchange data in a safe, secure, and efficient manner. In the era of the fourth industrial revolution, industrial communication made it possible to gather and analyze data across machines in a flexible, faster, and efficient way to produce higher-quality products at reduced costs.
The rising demand for wireless industrial communication networks is an opportunity for the growth of the global industrial communication market. Wireless technologies including Wireless HART, Bluetooth smart, WLAN, and ZigBee are providing immense growth opportunities for the industrial communication market.
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Recent Development in Market
- In May 2018, Siemens AG launched Industrial Ethernet switches with special functions for the process industry. These new products suitable for the flexible, reliable, and high-performance networking of process automation devices owing to the presence of firmware functions (Profinet S2 device, H-Sync, and configuration in Run/CiR/H-CiR) in interaction with the Simatic PCS 7 process control system make.
Global Industrial Communication Market Segmentation
By Component
- Hardware
- Software and Services
By Communication Protocol
- Fieldbus
- Industrial Ethernet
- Wireless
By End-User
- Automotive and Transportation
- Oil & Gas
- Food & Beverage
- Water & Wastewater
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
