The global industrial communication market is estimated to grow at a CAGR of around 10% during the forecast period. Industrial communication referred to as communication within an industry. To make the whole process smooth, industries are using industrial communication to transmit their data between different systems within the industry and it integrates different data networks. In short, industry communication is used in control systems to pass data between field devices and programmable logic controllers (PLCs), between different PLCs and personal computers used for operator interface, data processing & storage, or management information. With the introduction of industrial communication concepts in industrial application scenarios, industrial automation is undergoing a tremendous change.

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To connect sensors, machines, and IT systems in a single enterprise an industrial communication are required. The rising adoption rate of IoT by various industries has generated the need for establishing a link between different devices and exchange data in a safe, secure, and efficient manner. In the era of the fourth industrial revolution industrial communication made it possible to gather and analyze data across machines in a flexible, faster, and efficient way to produce higher-quality products at reduced costs. This automation would increase the productivity of the manufacturing process and promote industrial communication market growth.

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The rising rate of cyber security threats is restraining the growth of the global industrial communication market. Data breaching, virus attacks, and hacking are now major concerns for any industry. Malicious viruses can tamper any vital information from an industrial communication system. For these threats, many industries are still choosing the traditional manual communication method over the new automated industrial communication system. Besides this, the complexity of standardization of the equipment and the devices required to install the industrial communication system is also restraining the market growth.

There is no standardization of devices in this market. For instance, many vendors offer hardware systems required for industrial wireless sensor networks (IWSN), however, the end-user often need to deploy software from other vendors. The rising demand for wireless industrial communication networks is an opportunity for the growth of the global industrial communication market. Wireless technologies, such as WLAN, Wireless HART, Bluetooth smart, and ZigBee is opening up new growth opportunities for the industrial communication market.

Market Segmentation

Global Industrial Communication Market by Component
Hardware
Software and Services
Global Industrial Communication Market by Communication Protocol
Fieldbus
Industrial Ethernet
Wireless
Global Industrial Communication Market byEnd-User
Automotive and Transportation
Oil & Gas
Food & Beverage
Water & Wastewater
Others
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

Aaeon Technology. Inc.
ABB, Ltd.
Aclara Technologies LLC
Advantech Co., Ltd.
Belden Inc.
Bosch Rexroth AG (Unit of Robert Bosch GmbH)
Cisco Systems, Inc.
GE Grid Solutions, LLC
HMS Industrial Networks
HoneywellInternational, Inc.
IFM Electronic GmbH
Mitsubishi Electric Corp.
Moxa, Inc.
OMRON Corp.
Rockwell Automation, Inc.
Schneider Electric SE
Sick AG
Siemens AG
Telefonaktiebolaget LM Ericsson
Turck, Inc.
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