LAMEA Industrial Ethernet Market By Offering (Hardware, Software and Services), By Protocol (EtherNet/IP, EtherCAT, PROFINET, POWERLINK and Others), By Industry (Automotive & Transportation, Electrical & Electronics, Pharmaceutical & Medical Devices, Aerospace & Defense, Energy & Power, Oil & Gas, Food & Beverages and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Industrial Ethernet Market would witness market growth of 9.8% CAGR during the forecast period (2021-2027). The industrial Ethernet is very important to gain higher transparency in a manufacturing plant and also between the plant and enterprise network.
The main concept of the Industry 4.0 is a more trustworthy communication network. Industrial automation & industrial communication networks are directly proportional to the real-time operational requirements. Thus, they have to manage the data in a deterministic and redundant method. The networks should be scalable over a broad variety of tools operating on various standards with different interfaces. A factory system needs to have a capacity to offer instant response times and also high efficiency & reliability. To gain all these advantages, designers have to choose the best communication technology, monitor a multiprotocol environment, and include a broad variety of industrial equipment. Thus, the increasing need for scalable & interoperable protocols has surged the initiatives to create an advanced set of communication products.
Ethernet/IP is one of the major industrial protocols and is broadly utilized in several industries, such as process and hybrid. As Ethernet/IP utilizes standard Ethernet and switches, it can consist of hundreds of nodes in a single system. This enables the usage of a single network across various endpoints on a factory floor. It helps users with the tools to install standard Ethernet technology (IEEE 802.3 integrated with the TCP/IP suite) in industrial automation applications, allowing the availability of internet and enterprise connectivity across various locations.
The Hardware market dominated the Saudi Arabia Industrial Ethernet Market by Offering 2020, thereby, achieving a market value of $81.5 million by 2027, growing at a CAGR of 9.8 % during the forecast period. The Software market is expected to witness a CAGR of 9.9% during (2021 - 2027).
Based on Offering, the market is segmented into Hardware, Software and Services. Based on Protocol, the market is segmented into EtherNet/IP, EtherCAT, PROFINET, POWERLINK and Others. Based on Industry, the market is segmented into Automotive & Transportation, Electrical & Electronics, Pharmaceutical & Medical Devices, Aerospace & Defense, Energy & Power, Oil & Gas, Food & Beverages and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Rockwell Automation, Inc., Cisco Systems, Inc., Omron Corporation, Sick AG, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Schneider Electric SE, IFM Electronics GmbH, ABB Group, and Belden, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Automotive & Transportation
- Electrical & Electronics
- Pharmaceutical & Medical Devices
- Aerospace & Defense
- Energy & Power
- Oil & Gas
- Food & Beverages
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Rockwell Automation, Inc.
- Cisco Systems, Inc.
- Omron Corporation
- Sick AG
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Schneider Electric SE
- IFM Electronics GmbH
- ABB Group
- Belden, Inc.
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