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Research Report: Industrial Communication Market (2020-2024) | Emergence of New and Innovative Fieldbus to Boost the Market Growth | Technavio

·4 min read

The industrial communication market is expected to grow by USD 69.77 billion, progressing at a CAGR of almost 12% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled Global Industrial Communication Market 2020-2024 (Graphic: Business Wire)

The emergence of new and innovative Fieldbus is one of the major factors propelling the market growth. However, factors such as lack of determinism in industrial communication networks will hamper market growth.

More details:

Industrial Communication Market: Geographic Landscape

APAC was the largest industrial communication market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising investments in automotive, power, and chemicals and petrochemicals industries will significantly drive industrial communication market growth in this region over the forecast period. There is a high demand for automation from the booming automotive industry (both in production and sales), especially in countries such as China, Japan, India, Malaysia, and South Korea. Therefore, the rise in investments in the automotive production in APAC can lead to the increased adoption of IE during the forecast period. China and Japan are the key markets for industrial communication in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • ABB Ltd.

  • Advantech Co. Ltd.

  • Cisco Systems Inc.

  • Emerson Electric Co.

  • General Electric Co.

  • National Instruments Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Texas Instruments Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Other 1

  • Market segments

  • Comparison by Other1

  • Fieldbus - Market size and forecast 2019-2024

  • Industrial Ethernet - Market size and forecast 2019-2024

  • Wireless - Market size and forecast 2019-2024

  • Market opportunity by Other1

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver - Demand led growth

  • Volume driver - Supply led growth

  • Volume driver - External factors

  • Volume driver - Demand shift in adjacent markets

  • Price driver - Inflation

  • Price driver - Shift from lower to higher priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • ABB Ltd.

  • Advantech Co. Ltd.

  • Cisco Systems Inc.

  • Emerson Electric Co.

  • General Electric Co.

  • National Instruments Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Texas Instruments Inc.


  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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