The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing popularity of smart automobiles are expected to drive innovation in industrial ethernet manufacturing, thus driving the market during the forecast period.

The global industrial ethernet market is expected to grow from $27.89 billion in 2022 to $31.76 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The industrial ethernet market size is expected to grow to $54.76 billion in 2027 at a CAGR of 14.6%.

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Global Industrial Ethernet Market Segments Include:

• By Type: By Offering: Hardware, Software, Services
• By Protocol: EtherCAT, EtherNet/IP, Profinet, Powerlink, Sercos III, CC-Link IE, Other Protocols
• By Application: Oil and Gas, Aerospace and Defense, Energy and Power, Electrical and Electronics, Automotive and Transport, Chemicals, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global industrial ethernet market in 2021.

Major Market Players in the industrial ethernet market include Cisco Systems Inc., Siemens AG, Rockwell Automation, Beckhoff Automation, Moxa Inc., Belden Inc., Huawei Technologies Co Ltd., ABB Ltd., Schneider Electric SE.

Technological advancement is a key trend gaining popularity in the industrial ethernet market. Major companies operating in the industrial ethernet sector are focused on innovative products to sustain their position. For instance, Westermo Network Technologies, a Sweden-based designer, and manufacturer of industrial data communications products, launched a next-generation industrial ethernet switch platform. This newly developed and advanced ethernet switch platform is suited for handling big data and industrial internet of things (IIoT) applications. The platform uses latest generation WeOS operating system that powers the new switch platform by maximizing the capability of the new hardware. It combines hardware, software, and network design support to provide improved capabilities, lower the total cost of ownership, and create dependable networks across a broader range of sectors.

The Industrial Ethernet Global Market Report 2023 provides a industrial ethernet market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial ethernet market forecast analyzes industrial ethernet market size, industrial ethernet market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Industrial ethernet (IE) is the application of ethernet in an industrial setting using deterministic and real-time control methods. It is built on ordinary ethernet hardware and internet protocols, with a proprietary application layer added on top. This application layer protocol ensures that the correct data is provided and received when and where it is required for a particular operation.

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