The global industrial ethernet market size was estimated at USD 11.43 billion in 2023 and is projected to expand at a CAGR of 7.9% from 2024 to 2030. The market is experiencing significant growth, driven by the increasing demand for robust and reliable networking solutions in industrial settings. As manufacturing processes become more automated and interconnected, the need for high-speed, low-latency communication networks has intensified. Industrial Ethernet provides a scalable and flexible infrastructure that supports real-time data exchange and integration with advanced technologies such as IoT and Industry 4.0. This evolution is fueled by the rise of smart factories, where seamless data flow between machines and control systems is crucial.

The shift from traditional fieldbus systems to Ethernet-based networks is also contributing to the market expansion, as Ethernet offers superior bandwidth and network management capabilities. Furthermore, the growing emphasis on predictive maintenance and data analytics in industrial operations is pushing companies to invest in Ethernet solutions that can handle large volumes of data. As a result, the market is poised for robust growth, with increasing adoption across various sectors.

The market is also gaining traction in industries such as energy, transportation, and utilities. These sectors require reliable and secure communication networks to manage complex operations and ensure safety. For instance, in the energy sector, Ethernet networks are used to monitor and control power grids, enabling real-time data acquisition and response to system anomalies. Similarly, in transportation, Ethernet solutions facilitate the management of traffic control systems and support advanced applications like vehicle-to-everything (V2X) communication.

Gather more insights about the market drivers, restrains and growth of the Industrial Ethernet Market

Key Industrial Ethernet Company Insights

Prominent firms have used product launches and developments, followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their primary business strategy to increase their market share. The companies have used various techniques to enhance market penetration and boost their position in the competitive industry.

For instance, In April 2024, Festo BV., a German automation company, and Phoenix Contact announced a strategic partnership to develop innovative solutions using PLCnext technology, combining their strengths to advance industrial automation. This collaboration aims to create flexible, open automation systems that meet the convergence of IT and OT, driving innovation and sustainability in the industry.

Recent Developments

• In July 2024, Moxa Inc. launched the MRX Series Layer 3 rackmount Ethernet switches, which support up to 64 ports and offer 16 ports with 10GbE speed. The EDS-4000/G4000 Series Layer 2 switches with 2.5GbE uplink options to enable high-bandwidth IT/OT convergence for industrial applications. These switches offer industrial-grade reliability, network redundancy, and simplified deployment, providing enhanced security and exceptional flexibility to futureproof network infrastructure.

• In July 2024, Rockwell Automation collaborated with Cisco Systems, Inc. to develop the Stratix 5200 Ethernet switches, which enhance OT and IT integration with increased functionality, security, and seamless integration with Rockwell’s Studio 5000 software. These switches, built on the Cisco IOS XE platform, support high-speed, redundant architectures, Layer 2 access switching, and compliance with international cybersecurity standards.

• In May 2024, Cisco Systems, Inc. integrated Splunk technology with its Extended Detection & Response (XDR) service to enhance enterprise Security Operations Centers (SOCs) by providing comprehensive threat prevention, detection, investigation, and response capabilities. This integration, along with the addition of AI and machine learning features, aims to improve security visibility and efficiency, helping organizations maintain robust security postures and address the global cybersecurity talent shortage.

Global Industrial Ethernet Market Report Segmentation

This 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 Ethernet market report based on type, protocol, end us,e and region.

Type Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

• Software

• Services

Protocol Outlook (Revenue, USD Million, 2018 - 2030)

• EtherCAT

• EtherNet/IP

• PROFINET

• POWERLINK

• SERCOS III

• CC-Link IE

End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive & Transportation

• Oil and Gas

• Energy & Power

• Food & Beverages

• Chemical & Fertilizer

• Electrical & Electronics

• Aerospace & Defense

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East and Africa (MEA)

o KSA

o UAE

o South Africa

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