Europe Industrial Communication Market Size, Share & Industry Trends Analysis Report By Offering (Components, Software, and Services), By Communication Protocol (Industrial Ethernet, Fieldbus, and Wireless), By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Industrial Communication Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
Transformation of data or information typically in digital format, from a sender to a receiver over a connection, which can be copper wire, coaxial cable, optical fiber, or any other media, spanning the distance between these two is data communication. To facilitate data connection between computers, computers, and their peripherals, as well as other devices, traditional communication networks are utilized. The industrial communication network, on the other hand, is a unique kind of network designed to handle real-time control and data integrity over vast installations in difficult conditions. Ethernet, Modbus, ControlNet, DeviceNet, as well as other networks, are examples of industrial communication networks.
Programmable logic controllers (PLCs), supervisory control and data acquisition (SCADA), and distributed control systems are the three major control methods employed in the industrial automation area (DCS). These all deal with field devices, intelligent field devices, supervisory control PCs, distributed I/O controllers, & HMI suits.
Large-scale investments in the field of Industry 4.0 and industrial IoT are the major factors driving the growth of the industrial communication market in the Europe region. Over a third of investments in Industry 4.0 projects are made in Europe. The majority of investments are concentrated in Western and Northern Europe, particularly in nations such as Germany, France, and the United Kingdom. Additionally, both national governments and the European Union are continually attempting to decrease obstacles to automation and promote digitization across industries.
The Germany market dominated the Europe Industrial Communication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,842.4 million by 2028. The UK market is estimated to grow at a CAGR of 6.4% during (2022 - 2028). Additionally, The France market would experience a CAGR of 8.1% during (2022 - 2028).
Based on Offering, the market is segmented into Components (Switches, Controllers & Connectors, Routers & WAP, Gateways, Communication Interfaces & Converters, Power Supply Devices, and Others), Software, and Services. Based on Communication Protocol, the market is segmented into Industrial Ethernet, Fieldbus, and Wireless. Based on Vertical, the market is segmented into Automotive, Electrical & Electronics, Aerospace & Defense, Chemicals & Fertilizers, Pharmaceuticals & Medical Devices, Metals & Mining, Power & Energy, Food & Beverages, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Industrial Communication Market Size will Hit $28 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Siemens AG, ABB Group, Schneider Electric SE, Sick AG, Rockwell Automation, Inc., Advantech Co., Ltd., Belden, Inc., Omron Corporation, and Huawei Technologies Co. Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Controllers & Connectors
- Routers & WAP
- Communication Interfaces & Converters
- Power Supply Devices
By Communication Protocol
- Industrial Ethernet
- Electrical & Electronics
- Aerospace & Defense
- Chemicals & Fertilizers
- Pharmaceuticals & Medical Devices
- Metals & Mining
- Power & Energy
- Food & Beverages
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Siemens AG
- ABB Group
- Schneider Electric SE
- Sick AG
- Rockwell Automation, Inc.
- Advantech Co., Ltd.
- Belden, Inc.
- Omron Corporation
- Huawei Technologies Co. Ltd.
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