North America 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 North America Industrial Communication Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
These networks, can either be LANs (Local Area Networks), used in a specific area or WANs (Wide Area Networks, utilized as a global system, are able to transmit massive volumes of data using a finite number of channels. Various communication protocols between digital controllers, field devices, various automation-related software tools, as well as external systems, were also implemented as a result of industrial networking.
The trend nowadays is toward OSI (Open Systems Interconnection) standards, which allow for interconnecting and communicating any pair of automation devices reliably regardless of the manufacturer as the industrial automation systems get complicated and vast with more automation devices on the control floor. Because it offers multidrop communication capability, which results in cost-effective & cable-saving communication, Fieldbus technology is now dictating the automation field due to improvements in digital technology. Industrial communication networks are important industrial control systems.
Automation or process control technologies are being more widely used in a variety of industries, mostly in North American countries like the United States, including the automotive, aerospace, food & beverage, and oil & gas sectors. Automation lowers the amount of manual labor necessary, boosting throughout rates and assuring minimal human involvement. The need for industrial ethernet connections in North America is projected to increase as the importance of automating various production processes grows.
The US market dominated the North America Industrial Communication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,470.4 million by 2028. The Canada market is poised to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.5% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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