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What Are the Predictions for the Size and Growth of the Global Industrial Ethernet Market?
The industrial ethernet market size has shown rapid growth in recent years and will expand from $35.77 billion in 2024 to $40.44 billion in 2025 at a compound annual growth rate (CAGR) of 13.0%. Significant factors such as growth in industrial automation, increased adoption of ethernet for real-time communication, and a surge in industrial IoT (IIoT) deployments have contributed to this historical growth.
Projected to further escalate, the industrial ethernet market size is expected to reach $75.35 billion in 2029 at a CAGR of 16.8%, driven by developments such as integration of time-sensitive networking (TSN) in industrial ethernet, industry 4.0 initiatives, and increased usage in smart manufacturing.
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What is Driving the Growth of the Industrial Ethernet Market?
The rising popularity of smart automobiles is fueling the growth of the industrial ethernet market. This market reliance involves the use of industrial ethernet as a reliable networking protocol to support various automotive technologies, including advanced driver-assistance systems, vehicle-to-everything communication, and self-driving cars.
How is the Global Industrial Ethernet Market Segmented?
1) By Offering: Hardware, Software, Services
2) By Protocol: EtherCAT, EtherNet Or IP, Profinet, Powerlink, Sercos III, CC-Link IE, Other Protocols
3) By Application: Oil And Gas, Aerospace And Defense, Energy And Power, Electrical And Electronics, Automotive And Transport, Chemicals, Other Applications
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What Companies are Dominating the Industrial Ethernet Market?
Major companies operating in the industrial ethernet market include Cisco Systems Inc., Siemens AG, Rockwell Automation Inc., Beckhoff Automation, Moxa Inc., Belden Inc., Huawei Technologies Co Ltd., Asea Brown Boveri Ltd., Schneider Electric SE, ACS Motion Control Ltd, and others.
What are the Emerging Trends in the Industrial Ethernet Market?
One of the notable trends is the continuous technological advancements in the market. For instance, Westermo Network Technologies released an innovative industrial ethernet switch platform suited for managing big data and industrial IoT applications.
Which Region Holds the Largest Market Share in the Industrial Ethernet Market?
In 2024, Asia-Pacific was the largest region in the industrial ethernet market, followed by North America. The report further explores the market status in regions such as Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What is the Industrial Ethernet Market Offering?
Industrial ethernet applies ethernet in industry using deterministic and real-time control methods to ensure proper data provision and receipt for operations. The Industrial Ethernet Market research report delivers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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