Industrial Ethernet Market to procure substantial returns from automotive sector up to 2024

Industrial Ethernet Market can be majorly attributed to the supportive governmental policies regarding increasing deployment of automation across automotive and manufacturing domains. In tandem, the region also houses most of the renowned manufacturing giants which have been constantly working on diversifying their product portfolio. Say for instance, recently HMS has shipped its patent five-millionth Anybus product to North American manufacturing leader Parker Hannifin, in a bid to enhance the latter’s new valve control unit. Anybus CompactCom B40, that is proposed to be incorporated in Parker’s new valve unit, would allow this valve controlling unit to communicate to any industrial ethernet network or any fieldbus anywhere. Endorsed with this unique feature, experts believe, this would provide tremendous network flexibility as it can be flashed to meet North America fieldbus protocols.

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Industrial Ethernet market has essentially risen to prominence due to the extensive integration of IoT in numerous fields. Technically, industrial ethernet is an improvement over the traditional ethernet in terms of the use of rugged cables and connectors and better determinism. Enhanced determinism in fact, is one of the major factors that is expected to drive industrial ethernet industry as industrial environments have a key requirement for determinism. Packets of data have to be delivered and received with precision every time, while data delay may end up in disasters – may be an unacceptable flaw in production process. Certain protocols of industrial Ethernet such as EtherNEt/IP, PROFINET, TCP/IP have been deployed for achieving better determinism, thus impelling industrial ethernet industry growth.

As automation continues to penetrate major industry verticals, industrial ethernet market is set to become one of the most rapidly evolving business spaces of recent times for efficient communication networking. This standard-based intelligent switching technology is claimed to offer a plethora of advantages over conventional industrial networks on virtue of its flexibility, scalability, and robustness. Although initially being considered as a solution that is limited to corporate world, industrial ethernet industry, of late, has been gaining substantial momentum in manufacturing arena. In persistent efforts to make organizations more productive and efficient, manufacturers have been rapidly integrating ethernet technology on the factory floor.

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Besides the automobile industry, the energy industry has also largely adopted the use of industrial Ethernet to establish reliable, cost effective and fast communications systems. The wind power generation industry can be considered as an instance if the growth of the industrial ethernet market is to be evaluated through the energy industry. Communication equipment used in wind power generation operations is required to be hardy and able to withstand fluctuating temperatures. Wind turbines house a complex control and automation system that must communicate with other wind turbine systems to achieve a viable alternative source to traditional energy. Industrial ethernet facilitates this flawless communication thus forging growth avenues for the industrial ethernet industry with the rising prominence of wind power industry.

North America dominated the industrial Ethernet market in 2016 with a major share of around 57% and it is expected to maintain this dominance over the forecast timeline owing to the rapid growth of industrial automation in the region. As manufacturers are emphasizing more on getting maximum returns on their capital investments including their network infrastructures, the adoption of industrial Ethernet is expected to swiftly accelerate between 2017 and 2024.

The Asia Pacific Industrial Ethernet market is projected to exhibit the fastest growth during the forecast period owing to rapid industrialization in countries including China, India, Japan, and Singapore. Also, as the popularity and the adoption of Industrial IoT (IIoT) in the region are growing consistently, the market will witness an exponential growth over the forecast timeline.

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