As per the latest research report available with Market Study Report LLC under the title ‘Global Industrial Communication Market Size, Status and Forecast 2019-2025’, the worldwide industrial communication market is expected to register substantial growth by the year 2025.
Industrial communication systems are extensively used office networks for transfer of data and across industrial applications to meet factory floor communication needs. Since, the environmental conditions in factories are harsh with extreme vibrations, humidity, and temperature, so industrial communication devices are manufactured to withstand these conditions. All these factors, along with the need to streamline operations, improve efficiency and productivity, and adoption of advanced & digitalized technology are augmenting the growth of industrial communication market.
The report offer detailed synopsis of about growth trends, drivers and opportunities related to industrial communication market. It studies the market on the basis of various segmentations such as type, application spectrum and regional outlook. Company profiles of key market players, alongside strategic acquisitions and mergers are also outlined in the report.
Based on type, the industry is categorized as industrial element, fieldbus, and wireless. As per the report, wireless segment is presumed to dominate the industrial communication market over the analysis period, owing to improved quality of transmission, network coverage, and bandwidth capacity. Use of advanced wireless technologies like WLAN, cellular, and WHART by industries to monitor remote assets will further aid the segmental growth.
Speaking of application spectrum, industrial communication market is fragmented as energy & power generation, automotive & transportation, pharmaceutical, electrical & electronics, food & beverages, oil & gas, aerospace & defense, and others.
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Considering the regional outlook, the global industrial communication market is analyzed for geographies, namely, Central & South America, United States, India, Europe, China, Southeast Asia, and Japan. Asia Pacific market is anticipated to expand momentously over the forecast timeline, pertaining to surging adoption of solution across automobile and electronics industry to meet the high consumer demand in nations like China, South Korea, Japan, and India.
The prominent companies functioning in industrial communication market are ABB, Texas Instruments, Rockwell Automation, TE Connectivity, Schneider Electric, National Instruments, Siemens, Infineon Technologies, Advantech, General Electric, Beckhoff Automation, Endress + Hauster, Emerson Electric, and Cisco Systems.