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Industrial Ethernet Market Share

Report ID: GMI2437
Published Date: Aug 2024
Report Format: PDF

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Industrial Ethernet Market Share

Key market players in the industrial ethernet industry are focusing on strategic partnerships, mergers, and acquisitions to enhance their technological capabilities and expand their global footprint. Companies are investing heavily in R&D to develop innovative Ethernet solutions that cater to the growing demand for high-speed, low-latency networks in smart manufacturing. Additionally, players are diversifying their product portfolios to include advanced cybersecurity features, ensuring the protection of industrial data. They are also targeting emerging markets by offering cost-effective and scalable Ethernet solutions. Collaborations with local distributors and integrators are being pursued to strengthen market presence and address region-specific needs.

Some of the other major players in the market are Beckhoff Automation, Belden Inc, Eaton Corporation Public Limited Company, Hitachi Ltd., Honeywell International Inc., Monnit Corporation, Moxa Inc.

Industrial Ethernet Market Companies

Major players operating in the industrial ethernet industry are:

Omron Corporation,
ABB Ltd.
Analog Devices Inc.
B&R Automation
Barta-Schoenewald, Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for industrial ethernet was valued at USD 10.5 billion in 2023 and is anticipated to grow at over 8% CAGR between 2024 & 2032, driven by industry 4.0 and smart manufacturing initiatives.

The automotive & transportation segment of the industrial ethernet market will register over 9.5% CAGR between 2024 and 2032, driven by the need for high-performance, reliable networks to facilitate seamless communication between production lines.

North America market accounted for over 38% share in 2023 and will grow rapidly through 2032, driven by advancements in manufacturing technologies.

Omron Corporation, ABB Ltd, Analog Devices Inc, B&R Automation, Barta-Schoenewald, Inc. among others.