Industrial Ethernet Switch Market Insights:
In 2021, the Industrial Ethernet Switch Market Size was estimated to be worth USD 3.1 billion. It is anticipated that the industrial ethernet switch market will increase from USD 3.32 billion in 2022 to USD 5.36 billion in 2030, with a compound yearly growth rate (CAGR) of 7.10% over the five-year forecast period (2022– 2030). The rise in the use of industrial ethernet switches due to their benefits and the expanding need to maintain the effectiveness of communication infrastructure in the automotive and transportation sectors are some of the key market drivers for market growth.
For the structural development of industries, more automation and communication components and technologies are being adopted. Governments give the discrete and process industries a lot of attention.
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Key Players:
- CISCO SYSTEMS INC. (U.S.)
- JUNIPER NETWORKS INC. (U.S.)
- ALCATEL-LUCENT (FRANCE)
- HEWLETT PACKARD ENTERPRISE (U.S.)
- POLYCOM (U.S.)
- AVAYA INC. (U.S.)
- MICROSOFT CORPORATION (U.S.)
- CHECK POINT SOFTWARE TECHNOLOGIES LTD. (ISRAEL)
- IBM CORPORATION (U.S.)
- BROCADE COMMUNICATIONS SYSTEMS INC. (U.S.)
- SIEMENS AG (GERMANY)
- HUAWEI TECHNOLOGIES CO. LTD (CHINA)
- ZTE CORPORATION (CHINA)
- MOXA (TAIWAN)
- OMRON (JAPAN)
- ROCKWELL AUTOMATION (US),
are the notable vendors in the Industrial Ethernet Switch market.
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Industrial Ethernet Switch Market Regional Analysis:
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. The market for industrial ethernet switches in Asia Pacific, which had sales of USD 1.33 billion in 2021, is anticipated to rise at a substantial CAGR. It is attributed to the employment of industrial ethernet switches in a number of industries, including integration of SCADA and control over programmable logic controllers (PLCs). Due to increased demand and usage of fibre optics in the telecommunications sector, this market is growing in this region.
Industrial Ethernet Switch Market Segmentation:
Managed and Unmanaged are the two market segments for industrial ethernet switches based on type. In 2021, the managed category owned the majority of the market.
Smart Grid and Security & Surveillance are two application-based segments of the industrial ethernet switch market. In 2021, the market was led by the smart grid segment.
According to organisation size, SME and Large Enterprises are included in the market data for industrial ethernet switches. In 2021, the large enterprise category controlled the majority of the market.
Aerospace and defence and oil and gas are two end-user segments included in the industrial ethernet switch market data. In 2021, the aerospace and defence sector held the lion's share.
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The Singaporean government has partnered with a number of organisations, including the Food Innovation Resource Centre and the Singapore Food Manufacturing Association (SFMA), to implement the most up-to-date automation solutions, including SCADA, PLC, DCS, robots, and cables, in the food and beverage industry. The Malaysian government announced a 200% automation capital allowance (ACA) in its 2015 budget in an effort to encourage labor-intensive industrial sectors like textile, rubber, and plastics to adopt the most recent automation technologies and increase their overall productivity.
However, industrial communication is a crucial aspect of Industry 4.0. Demand for 5G technology is rising in the manufacturing industry as it helps to address the shortcomings of current wireless networks.
The industrial industry will undergo a huge upheaval as a result of the deployment of 5G technology. Along with the demand for 5G, the demand for industrial ethernet switches will increase. As a result, the revenue from the market for industrial ethernet switches is increasing.
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