The global industrial communication market was valued at over USD 52 billion in 2016 and is expected to surpass USD 95 billion by 2021, says Technavio.
Technavio has announced its latest market analysis on the global industrial communication market to its machine to machine (M2M) and connected devices portfolio. This research study discusses the major drivers and key emerging trends and offers an analysis of key vendors like ABB, Rockwell Automation, Schneider Electric, and Siemens.
According to Abhishek Sharma, a lead analyst for machine to machine (M2M) and connected devices research at Technavio, “The growing digitization of process signals and associated decentralization will increase the adoption of open Fieldbus systems in the industrial communication market worldwide. The implementation of these systems enables cost reduction in wiring and assembly of automation machines. The demand for open Fieldbus is driven by the utilization of smart instrumentation for enhanced maintenance and diagnosis leads.”
The introduction of the open Fieldbus technology for instrumentation will assist in bridging the breach of digital data communication between automation systems and field devices. The use of these new systems permits full utilization of functional advantages of digital communications such as the improved resolution of measured values, diagnostic capabilities, and remote operation. Additionally, the vendors in the market are also focusing on reduced wiring or a wireless interface and the integration of process and power automation to sustain themselves in the market.
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Rising adoption of industrial communications in machine vision systems
The implementation machine vision systems and barcode readers with Ethernet port that helps to connect any switch on a factory network is driving the growth in the global market. Devices like robot controllers, PLC, HMI, and industrial PCs, which use IE protocols connect with other networks and provides access to barcode readers and vision systems from any terminal connected to the protocol.
Increased use of Ethernet among machine and robot OEMs
Vendors in the global market are using industrial networks to connect their controllers, human machine interfaces (HMIs), distributed I/O, instruments, and sensors to each other within a machine or a robot. The use of Ethernet in robotics and machinery helps in improving industrial operations and performance thereby controlling the cost of operations and communication networks. The adoption of IE is predicted to increase with the rise in industrial robot market, especially for collaborative robots.
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This market research analysis includes a thorough study of market shares and sizes of the sub-segments and geography. A breakdown of the leading companies, including their business overview, market shares, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Communication Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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