Dublin, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The "Industrial Ethernet Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.
The global industrial ethernet market is expected to grow from $24.30 billion in 2021 to $27.99 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The industrial ethernet market is expected to reach $47.59 billion in 2026 at a CAGR of 14.2%.
Asia-Pacific was the largest region in the industrial ethernet market in 2021. The regions covered in the industrial ethernet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing popularity of smart automobiles is expected to propel the growth of the industrial ethernet market going forward. The smart automobile is a technique that links directly to the vehicle's electronic control module to record, track, and manage multiple automobile control subsystems. Industrial ethernet is a reliable and significantly faster networking protocol that powers smart automotive technologies such as self-driving cars, vehicle-to-everything communication, advanced driver-assistance system (ADAS), infotainment systems, and others within the automobile industry.
For instance, in April 2022, European Patent Office (EPO), a Germany-based administrative council, stated in their Patent Index 2021 that patent applications for two smart automobile technologies, such as hybrid drive control and electric propulsion, are increasing. In comparison to 2020, the hybrid drive control grew by 22.8% in 2021, and electric propulsion has increased by 15.1% since 2020. Therefore, the growing popularity of smart automobiles will drive the industrial ethernet market.
Technological advancement is a key trend gaining popularity in the industrial ethernet market. Major companies operating in the industrial ethernet sector are focused on innovative products to sustain their position.
For instance, Westermo Network Technologies, a Sweden-based designer, and manufacturer of industrial data communications products, launched a next-generation industrial ethernet switch platform. This newly developed and advanced ethernet switch platform is suited for handling big data and industrial internet of things (IIoT) applications. The platform uses latest generation WeOS operating system that powers the new switch platform by maximizing the capability of the new hardware. It combines hardware, software, and network design support to provide improved capabilities, lower the total cost of ownership, and create dependable networks across a broader range of sectors.
In October 2019, Nidec Corporation, a Japan-based manufacturer, and distributor of electric motors, acquired OMRON Corporation for an undisclosed amount. The acquisition will allow the company to develop new module and system products by merging Nidec Group's motors, pumps, gearboxes, and other components with OMRON Automotive Electronics' products, such as electronic control units (ECUs) and other electronics. OMRON Automotive Electronics co. Ltd is a Japan-based manufacturer and provider of industrial ethernet products and other related components.
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $27.99 billion |
| Forecasted Market Value (USD) by 2026 | $47.59 billion |
| Compound Annual Growth Rate | 14.2% |
| Regions Covered | Global |
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
- Impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Scope
Markets Covered:
1) By Offering: Hardware; Software; Services
2) By Protocol: EtherCAT; EtherNet/IP; Profinet; Powerlink; Sercos III; CC-Link IE; Other Protocols
3) By Application: Oil and Gas; Aerospace and Defense; Energy and Power; Electrical and Electronics; Automotive and Transport; Chemicals; Others Applications
Key Topics Covered:
1. Executive Summary
2. Industrial Ethernet Market Characteristics
3. Industrial Ethernet Market Trends And Strategies
4. Industrial Ethernet Market - Macro Economic Scenario
5. Industrial Ethernet Market Size And Growth
6. Industrial Ethernet Market Segmentation
7. Industrial Ethernet Market Regional And Country Analysis
8. Asia-Pacific Industrial Ethernet Market
9. China Industrial Ethernet Market
10. India Industrial Ethernet Market
11. Japan Industrial Ethernet Market
12. Australia Industrial Ethernet Market
13. Indonesia Industrial Ethernet Market
14. South Korea Industrial Ethernet Market
15. Western Europe Industrial Ethernet Market
16. UK Industrial Ethernet Market
17. Germany Industrial Ethernet Market
18. France Industrial Ethernet Market
19. Eastern Europe Industrial Ethernet Market
20. Russia Industrial Ethernet Market
21. North America Industrial Ethernet Market
22. USA Industrial Ethernet Market
23. South America Industrial Ethernet Market
24. Brazil Industrial Ethernet Market
25. Middle East Industrial Ethernet Market
26. Africa Industrial Ethernet Market
27. Industrial Ethernet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Ethernet Market
29. Industrial Ethernet Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Cisco Systems Inc.
- Siemens AG
- Rockwell Automation
- Beckhoff Automation
- Moxa Inc.
- Belden Inc.
- Huawei Technologies Co. Ltd.
- ABB Ltd.
- Schneider Electric SE
- ACS Motion Control
- Physik Instrumente GmbH
- IFM Electronics GmbH
- Analog Devices Inc.
- Yokogawa Electric Corporation
- Eaton Corporation
- Robert Bosch GmbH
- Bosch Rexroth AG
- Honeywell International Inc.
- Advantech
- B&R Automation
- General Electric
- Weidmuller
- Arista Networks
- Mitsubishi Electric.
For more information about this report visit https://www.researchandmarkets.com/r/iv5fwf
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