Market Leader - Industrial Communication Market

By Author: Steve Stark
Total Articles: 137
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The industrial communication market is estimated to be valued at USD 17.3 billion in 2020 and is projected to reach USD 23.5 billion by 2025, at a CAGR of 6.3%. This estimation factors in the impact of the COVID-19 pandemic on the market. The major driving factors are growing need for scalable, faster, reliable, and interoperable communication protocols. Increase in use of digital twin to safely monitor smart manufacturing operations is also expected to drive the industrial communication market growth during the forecast period. The persistent rise in machine-to-machine communication is another key factor that is expected to propel the growth of the market.

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In 2019, the industrial communication market was mainly dominated by Cisco (US), Siemens (Germany), Rockwell Automation (US), OMRON (Japan), Moxa (Taiwan), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), Belden (US), Advantech (Taiwan), Mitsubishi Electric (Japan), and and ABB (Switzerland). Product launches and developments, expansions and ...
... acquisitions have been the most dominating strategies adopted by major players from January 2018 to July 2020, which helped them to innovate on their product offerings, cope up with the COVID-19 outbreak and broaden their customer base.

Top 2 players in the Industrial Communication Market are:

Cisco (US)

Cisco Systems specializes in developing Internet Protocol-based (IP-based) networking technologies. The company designs and sells a broad range of products, provides services, and delivers integrated solutions around the world to develop and connect networks that build the Internet.

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It operates through 5 segments: Infrastructure Platforms, Services, Applications, Security, and Others. Its service offerings include technical support services and advanced services-as-solutions, including cloud, video, mobility, security, collaboration, and analytics.

Siemens (Germany)

Siemens is positioned globally in the fields of electrification, automation, and digitalization. It is a leading supplier of systems for power generation and transmission, and medical diagnosis. The company also plays a pioneering role in infrastructure and industrial solutions.

Siemens operates its industrial business through the Gas and Power, Digital Industries, Smart Infrastructure, Siemens Healthineers, Siemens Gamesa Renewable Energy, and Mobility segments. The Digital Industries segment offers a wide-ranging product portfolio and systems solutions for automation in discrete and process industries. These offerings comprise automation systems and software for factories, motors, numerical control systems, drives, and inverters, and integrated automation systems for machine tools and production machines. This segment also provides process control systems, machine-to-machine communication products, and radio frequency identification systems.

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