Global industrial communication market is set to witness a healthy CAGR of 11.12% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing adoption of industrial internet of things and increasing demand for wireless networks are the factor for the growth of this market.
A DBMR team of experts and professionals from various streams and verticals bring along crucial tried-and-tested skills, approaches, and techniques to conduct research and analysis, and deliver accurate and reliable forecasts on all global markets. The report analyses and examines the important industry trends, market size, market share estimates, and sales volume with which businesses can guess the strategies to increase their return on investment (ROI). This industrial communication report is spread across several pages and provides most recent industry data, market future trends, allowing you to identify the products and end users driving revenue growth and profitability.
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Major Market Competitors/Players
Few of the major competitors currently working in the industrial communication market are SICK AG, OMRON Corporation, Schneider Electric, Belden Inc., Siemens, Rockwell Automation, Inc., ABB, General Electric, Advantech Co., Ltd., HMS Networks, ifm electronic gmbh, Telefonaktiebolaget LM Ericsson, Honeywell., B&R, Bosch Rexroth AG, Anixter Inc., Texas Instruments Incorporated, TE Connectivity, National Instruments, Molex, Pepperl+Fuchs Factory Automation Pvt. Ltd., and others.
Global industrial communication market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial communication market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Increasing demand for faster and reliable communication protocols is driving market growth
Rising government initiatives to support industrial automation will also accelerate the market growth
Growing industrial revolution 4.0 is also enhancing the growth of the market
Increasing advances in communication technology will also contribute as a factor for the growth of this market
Dearth of standardization among equipment manufacturer will restrain the market growth
Issues associated with data safety and security will also hamper the market growth
Availability of legacy systems with harsh industry environment will also restrict the growth of this market
Key Developments in the Market:
In June 2019, Renesas Electronics Corporation announced the launch of their RX72M Group of RX microcontrollers which consist of EtherCAT slave controller for industrial Ethernet communication. This new device will provide single-chip MCU and high performance solutions. The new RX72M Group has the ability to provide superior performance of a 1396 CoreMark score at 240MHz and it is capable of both application processing and EtherCAT communication
In January 2019, Pepperl+Fuchs Comtrol announced the launch of their new product in their DeviceMaster industrial gateway lineup which is specially designed to allow communication among EtherNet/IP and Modbus controllers. This new device will enable the communication among Modbus masters, EtherNet/IP controller and Modbus slave devices
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Segmentation: Global Industrial Communication Market
(Components, Software, Services),
(Fieldbus, Industrial Ethernet, Wireless),
(Automotive and Transportation, Electrical and Electronics, Aerospace & Defense, Oil & Gas, Chemicals and Fertilizers, Food & Beverages, Pharmaceutical, Energy & Power, Mining, Engineering/Fabrication, Water and Wastewater, Others),
(North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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