Industrial Communication Market is predicted to reach USD 36.01 billion at a CAGR of 5.90% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Industrial Communication Market” that contains information from 2018 to 2032. The Industrial Communication market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Industrial Communication market— 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, and Texas Instruments Inc.

Market Highlights

The global Industrial Communication market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 36.01 Billion by 2032.

The market for industrial communication makes it easier for systems and devices to network and share data in industrial environments. It consists of technologies like Ethernet, wireless, fieldbus, and others that allow for real-time automation, control, and monitoring. The market is being pushed by the rising need for digitalization and seamless connection in industrial operations.

Segment Analysis

The global industrial communication market has been segmented based offerings, communication protocol, and end user.

On the basis of offerings, the market is segmented into Software, Hardware, and Services. The hardware segment dominated the market, accounting for 40.21% of market revenue in 2022. These hardware elements' connection, signal translation, and data transfer capabilities allow for the development of dependable communication networks in industrial settings.

Based on Communication Protocol, the global Industrial Communication market has been segmented into Industrial Ethernet, Fieldbus, and Wireless. The Industrial Ethernet category generated the most income (46.25%) in 2022. To enable speedy, dependable, and secure communication across various systems and devices, it makes use of Ethernet standard technology.

Based on End User, the global Industrial Communication market has been segmented into Automotive and Transportation, Aerospace & Defense, Food & Beverages, Electrical & Electronics, Industrial Manufacturing, Others. The Industrial Manufacturing segment dominated the market, accounting for 37.24% of market revenue in 2022. Reliable communication networks are essential for efficient supply chain management, equipment health monitoring, and industrial process optimisation.

Regional Analysis

The global Industrial Communication market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Industrial Communication market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Industrial Communication market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Industrial Communication market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Industrial communication Market dominated this market in 2022 (45.80%). The numerous industries in the area are increasingly adopting automation and smart manufacturing technology.

Additionally, the second-largest market share for industrial communication is held by North America. The market share of the area is impacted by the use of cutting-edge technologies including industrial Ethernet, wireless communication, and fieldbus systems.

Moreover, from 2023 to 2032, the Europe Industrial communication Market is anticipated to experience the fastest CAGR growth. European firms are recognised for their technological discoveries and successes in the fields of industrial automation and control systems.

Furthermore, the rest of the world's Industrial Communication market is divided into the Middle East, Africa, and Latin America. Latin America's developing manufacturing and industrial sectors are fueling the region's continuous rise in the industrial communication market. Fieldbus, Ethernet, and other technologies that enable real-time monitoring, control, and automation are becoming more widely used. Chile, Mexico, and Brazil are important regional market growth contributors.

Key Findings of the Study

• The global Industrial Communication market is expected to reach USD 36.01 Billion by 2032, at a CAGR of 5.90% during the forecast period.


• The North American region accounted for the fastest-growing global market due to automation and smart manufacturing technologies are increasingly being adopted throughout the region's diverse industries.


• Based on Offerings, the hardware segment was attributed to holding the largest market in 2022.


• 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, and Texas Instruments Inc.