Product Code: GVR-4-68040-483-2
Industrial Communication Market Trends:
The global industrial communication market size was estimated at USD 21.15 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.The growing integration of the Industrial Internet of Things (IIoT) is one of the most significant trends driving the market. IIoT enables seamless connectivity among machines, sensors, and control systems, facilitating real-time data analysis and decision-making. By leveraging IIoT, manufacturers can monitor equipment performance, reduce downtime through predictive maintenance, and enhance overall operational efficiency. The increasing use of smart sensors, combined with cloud computing and big data analytics, further accelerates the adoption of automation solutions across various industries, from manufacturing to energy and power.
Another major trend shaping the industrial communication industry is the shift toward Industry 4.0. This next-generation industrial revolution focuses on creating smart factories where machines communicate autonomously, and operations are highly optimized. Industry 4.0 technologies, including robotics, artificial intelligence (AI), and machine learning, are transforming industries' operations. Companies increasingly invest in automation to streamline production processes, reduce human error, and increase flexibility in responding to market demands. The rising adoption of AI-powered robots for complex tasks drives the push toward more automated and intelligent manufacturing systems.
Cybersecurity is another crucial driver in the industrial communication market, as the increasing connectivity of devices and systems exposes industries to cyber threats. As a result, there is a growing focus on integrating advanced security protocols to protect sensitive data and ensure uninterrupted industrial operations. Companies increasingly invest in secure communication frameworks and implement technologies such as blockchain and encryption to safeguard critical infrastructure against malicious attacks and vulnerabilities.
The industrial communication market also benefits from advancements in edge computing and cloud integration. Edge computing reduces the latency involved in data processing by bringing computation closer to the source, allowing for faster decision-making and real-time analytics in industrial settings. This trend is complemented by integrating cloud-based solutions, which provide scalable storage and processing capabilities and facilitate remote access to critical data. Together, edge and cloud technologies enable more flexible and efficient industrial operations, further driving the adoption of advanced communication networks.
A key trend shaping the industrial communication market is the shift toward wireless technologies, including 5G networks. While wired communication has traditionally dominated the sector due to its reliability, wireless technologies are gaining traction, offering flexibility in system architecture, lower installation costs, and enhanced scalability. The rollout of 5G networks is particularly significant, as it enables ultra-reliable, low-latency communication (URLLC) necessary for critical industrial applications such as remote monitoring, autonomous systems, and real-time process control.
Global Industrial Communication Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial communication market report based on offering, communication protocol, vertical, and region:
- Offering Outlook (Revenue, USD Billion, 2018 - 2030)
- Components
- Switches
- Gateways
- Routers & WAP
- Controllers & Connectors
- Power Supply Devices
- Others
- Software
- Services
- Communication Protocol Outlook (Revenue, USD Billion, 2018 - 2030)
- Fieldbus
- Industrial Ethernet
- Wireless
- Vertical Outlook (Revenue, USD Billion, 2018 - 2030)
- Automotive
- Aerospace and Defense
- Food and Beverages
- Electrical and Electronics
- Pharmaceuticals & Medical Devices
- Oil & Gas
- Chemicals & Fertilizers
- Energy & Power
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa (MEA)
- UAE
- Kingdom of Saudi Arabia (KSA)
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Industrial Communication Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Industrial Communication Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Communication Market: Offering Movement Analysis, USD Billion, 2023 & 2030
- 4.3. Components
- 4.3.1. Components Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.2. Switches
- 4.3.2.1. Switches Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.3. Gateways
- 4.3.3.1. Gateways Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.4. Routers & WAP
- 4.3.4.1. Routers & WAP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.5. Controllers & Connectors
- 4.3.5.1. Routers & WAP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.6. Power Supply Devices
- 4.3.6.1. Power Supply Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.7. Others
- 4.3.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Industrial Communication Market: Communication Protocol Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Industrial Communication Market: Communication Protocol Movement Analysis, USD Billion, 2023 & 2030
- 5.3. Fieldbus
- 5.3.1. Fieldbus Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Industrial Ethernet
- 5.4.1. Industrial Ethernet Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Wireless
- 5.5.1. Wireless Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Industrial Communication Market: Vertical Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Industrial Communication Market: Vertical Movement Analysis, USD Billion, 2023 & 2030
- 6.3. Automotive
- 6.3.1. Automated Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Aerospace & Defense
- 6.4.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Food and Beverages
- 6.5.1. Food and Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Electrical and Electronics
- 6.6.1. Electrical and Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7. Pharmaceuticals & Medical Devices
- 6.7.1. Pharmaceuticals & Medical Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.8. Oil & Gas
- 6.8.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.9. Chemicals & Fertilizers
- 6.9.1. Chemicals & Fertilizers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.10. Energy & Power
- 6.10.1. Energy & Power Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.11. Others
- 6.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Industrial Communication Market: Regional Estimates & Trend Analysis
- 7.1. Industrial Communication Market Share, By Region, 2023 & 2030, USD Billion
- 7.2. North America
- 7.2.1. North America Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. India
- 7.4.3.1. India Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. Japan
- 7.4.4.1. Japan Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. Australia
- 7.4.6.1. Australia Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. The Kingdom of Saudi Arabia (KSA)
- 7.6.2.1. The Kingdom of Saudi Arabia (KSA) Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. UAE
- 7.6.3.1. UAE Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. South Arica
- 7.6.4.1. South Africa Industrial Communication Market estimates & forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Cisco Systems, Inc.
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Siemens
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Rockwell Automation, Inc.
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. OMRON Corporation
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Moxa Inc.
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Huawei Technologies Co., Ltd.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. SICK AG
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Schneider Electric
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. ABB
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Belden Inc.
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments