Market Overview
The current Industrial Ethernet Market is predicted to account for approximately USD 5.35 Billion at 7.1% CAGR during the forecast period of 2020-2030.
Industrial Ethernet applies to the use of networking devices, usually switches, in harsh environments. As per the Industrial Ethernet Market Research report, the global market is driving its growth due to the increasing adoption of the Industrial Internet of Things (IIoT) in the process verticals and manufacturing. Moreover, the an increasing need for reliable, fast, scalable, and interoperable communication protocols among the industries. Additionally, the global market has lucrative opportunities for manufacturers and market players due to the emergence of 5G across various parts of the world.
However, the absence of standardization in industrial communication interfaces and protocols might hamper the growth of the worldwide market during the review period. Apart from that, the threats related to cyber security might bring major challenges to the worldwide market in the upcoming years.
Key Players
Some of the industry giants in the market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Polycom (U.S.), Alcatel-Lucent (France), Hewlett Packard Enterprise (U.S.), Microsoft Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), Avaya Inc. (U.S.), IBM Corporation (U.S.), Siemens AG (Germany), Huawei Technologies Co., Ltd (China), Brocade Communications Systems, Inc. (U.S.), and ZTE Corporation (China), among others.
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Market Dynamics
Improving data center capacities and increasing deployment of Ethernet-based solutions in industries are primarily driving the market. The growing reliance of organizations on data centers, the need for high-speed data services, and the need for automatic switching devices are accelerating market growth. High costs associated with the installation of managed industrial Ethernet switches and lack of expertise inhibit market development.
Ethernet switches have a range of functions, including port mirroring, redundancy, QoS (Quality of Service), IGMP (Internet Group Management Protocol) snooping, and others. With port mirroring, the switch can monitor the frames sent by or received by the port. By feature, a PC running a program called a protocol analyser is capable of receiving or transmitting data from a wide range of ports that can help with problem-solving tools customization. Ethernet switches can withstand high operating temperatures and high vibration environments.
Market Segmentation
The global market for Global Industrial Ethernet Switches Market has been segmented into type, application areas, organization size, and end-users.
Based on type, the global industrial Ethernet switch market has been segmented into managed switches and unmanaged switches.
Based on application areas, the global industrial Ethernet switch market has been segmented into security & surveillance, intelligent rail & traffic communication, smart grid, and others.
Based on organization size, the global industrial Ethernet switch market has been segmented into SME and large enterprises.
Based on end-users, the global industrial Ethernet switch market has been segmented into aerospace & defense, chemical, oil & gas, food & beverages, manufacturing, automotive, electrical power generation, and others.
Regional Analysis
Regionally, the global industrial Ethernet switch market is studied for North America, Europe, Asia Pacific, and the Rest of the world.
The Asia Pacific is expected to boost the global industrial Ethernet switch market during the forecast period. The deployment of industrial Ethernet between industries at different stages like SCADA (Supervisory Control and Data Acquisition) integration, PLC (Programmable Logic Control) communication, accelerates the market in this region. The advancement of fiber optics in telecommunications and the use of optical fibers are fuelling the growth of the industry. North America is expected to sustain a substantial growth rate over the projected period. The deployment of data centers and the need for components to assist data centers, the presence of large manufacturing companies, and the deployment of smart grids are driving the market for industrial Ethernet switch in the region.
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