Industrial Ethernet: Key market research findings
- EMEA dominates the market geographically
- Faster redundancy features of Ethernet drives market growth
- Key vendors – Beckoff Automation, Cisco, Rockwell Automation, Schneider Electric, and Siemens
Technavio’s market research analysts predict the global market for industrial Ethernet to grow at a CAGR of around 15% between 2016 and 2020.The increasing demand for industrial Ethernet stems from its faster redundancy features. The redundancy capability built in Ethernet switches allow achieving a high level of reliability, making it widely used in many safety critical control systems as these exhibit high reliability and fault tolerance. Ethernet interface is used in critical network applications in manufacturing plants as its controllers can withstand failures in networking cables or networking infrastructure and are highly reliable. During 2015, the global industrial Ethernet market was dominated by the EMEA with a market share of around 38%. The demand for intelligent communications due to megatrends such as Industry 4.0 is expected to further fuel growth of the industrial Ethernet market in EMEA during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of industrial Ethernet and its segments based on the technology.
“Currently, the incorporation of Ethernet in machine vision systems is on a rise. Industrial Ethernet offers greater noise immunity and speed compared with other types of communication networks. It also incorporates multiple readers into existing network environment for data access and monitoring individual readers. It is also easy to set up, install, and integrate. Besides, it eliminates the need for PC and software validation,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
Ethernet/IP enables Internet and enterprise connectivity by offering networking tools to end-users for deploying standard Ethernet for industrial automation applications. Through its integration with industrial Ethernet standards and standard Internet, Ethernet/IP is the only protocol that is sophisticated, complete, and ready for the IIoT in the current scenario. Ethernet/IP provides end-users with a varied choice of network interface speeds and enables a flexible network architecture compatible with Ethernet installation options such as fiber, copper, copper ring, and wireless.
The key vendors in the global industrial Ethernet market include Beckoff Automation, Cisco, Rockwell Automation, Schneider Electric, and Siemens. The market is characterized by the presence of several diversified Ethernet vendors. Vendors usually compete on the basis of product portfolio, knowledge of customer applications, installed base, distribution network, quality of products, global presence, and product pricing. As all vendors equally compete to establish their presence in the market, the competitive environment in the market appears to be intense. Also, the growth of the vendors completely depends on the demand from the end-users.
A more detailed analysis is available in the Technavio report, Global Industrial Ethernet Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
