Report Details:
15 Companies Covered
200 Pages
Market Research Future (MRFR) has published a cooked research report on the “Global Industrial Ethernet Market” that contains information from 2025 to 2035.
The Industrial Ethernet Market is estimated to register a CAGR of 9.59% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Industrial Ethernet Market — Siemens (Germany), Rockwell Automation (U.S.), Schneider Electric (France), Cisco Systems (U.S.), Moxa (Taiwan), Hirschmann (Germany), Belden (U.S.), Phoenix Contact (Germany), and Advantech (Taiwan).
Industrial Ethernet Market Highlights
The Global Industrial Ethernet Market is accounted for to register a CAGR of 9.59% during the forecast period and is estimated to reach USD 23.42 billion by 2035.
The market is growing mostly because more industries are using automation, IoT and Industry 4.0 technologies are becoming more common, and there is a greater focus on network reliability and real-time data connectivity. Industrial Ethernet is becoming the backbone of modern smart manufacturing ecosystems. It makes it possible for machines to talk to each other and for processes to be optimized in industries like automotive, electronics, energy, and process.
The industrial communication landscape is also changing because there is more demand for cybersecurity solutions, edge computing integration, and systems that can work with each other. Companies are focusing on networking solutions that are strong, safe, and able to grow to support the growing digital transformation of industrial operations.
Recent advances, like AI-driven predictive maintenance and wireless industrial Ethernet applications, are expected to improve operational efficiency even more and cut down on downtime.
Segment Analysis
The Global Industrial Ethernet Market has been segmented based on Protocol, Application, Component, and End-Use Industry.
The Protocol segment is divided into EtherNet/IP.webp, PROFINET, EtherCAT, Modbus TCP, SERC. The market is led by EtherNet/IP, which holds the largest share due to its open standards and interoperability, while PROFINET is the fastest-growing segment, gaining traction with Industry 4.0 adoption and real-time data capabilities.
The Application is segmented into Manufacturing Automation, Process Automation, Transportation Systems, Energy and Utilities, Building Automation. Manufacturing Automation dominates the market owing to widespread integration of connected machinery and automation systems, whereas Process Automation is projected to grow fastest due to increasing use in sectors such as chemicals, pharmaceuticals, and food processing.
The End-Use Industry is bifurcated into Automotive, Electronics, Oil and Gas, Food and Beverage, Pharmaceuticals. The Automotive sector leads the market due to its extensive automation adoption and focus on connected technologies. Meanwhile, the Electronics segment is the fastest-growing, driven by IoT integration and the rise of smart manufacturing.
The Component segment is bifurcated into Switches, Routers, Cables, Gateways, I/O Devices.webp. Switches represent the largest market share as they are crucial for connecting multiple devices and managing industrial data traffic. Routers, on the other hand, are the fastest-growing component, driven by increasing cloud connectivity and remote operations.
Regional Analysis
By Region, the Industrial Ethernet Market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America holds the largest market share, accounting for approximately 40% of the global market. The region’s dominance is driven by rapid technological adoption, the strong presence of leading manufacturers, and the extensive implementation of Industry 4.0 practices. The U.S. and Canada lead in innovation, supported by major players such as Rockwell Automation and Cisco Systems.
Key Findings of the Study
- The Global Industrial Ethernet Market is expected to reach USD 23.42 billion by 2035, at a CAGR of 9.59% during the forecast period.
- North America accounted for the largest market share in 2024.
- Based on Protocol, EtherNet/IP held the dominant market share in 2024.
- Based on Application, Manufacturing Automation segment led the market in 2024.
- Based on End-Use, Automotive was the largest segment in 2024.
- Key players include Siemens, Rockwell Automation, Schneider Electric, Cisco Systems, Moxa, Hirschmann, Belden, Phoenix Contact, and Advantech.
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https://www.marketresearchfuture.com/reports/industrial-ethernet-market-4829