Industrial Communication
Industrial Communication Market by Communication Protocol (Fieldbus, Industrial Ethernet, Wireless), Component (Hardware, Services, Software), Industry Vertical - Global Forecast 2024-2030
360iResearch Analyst
Want to know more about the industrial communication market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[185 Pages Report] The Industrial Communication Market size was estimated at USD 35.64 billion in 2023 and expected to reach USD 38.41 billion in 2024, at a CAGR 8.68% to reach USD 63.86 billion by 2030.

Industrial communication refers to exchanging information and data between various devices, machines, and systems within an industrial environment. This complex web of communication is facilitated through specialized networks, protocols, and technologies designed specifically for industrial settings' unique challenges and requirements. It is crucial in enabling effective automation, monitoring, control, diagnostics, and maintenance processes across manufacturing facilities, power plants, transportation systems, oil refineries, and other critical infrastructures. Industrial communication systems are essential for ensuring safety in hazardous environments which enable remote monitoring of equipment conditions or environmental parameters such as temperature or pressure levels that could pose risks to workers if not properly maintained. Industrial communication is vital to modern industries as it fosters increased operational efficiency while promoting workplace safety. The emergence of Industry 4.0 and the Industrial Internet of Things (IIoT) further accelerates the adoption of different communication technologies, ethernet-based networks being a popular type. However, challenges such as high implementation costs and lack of standardization in communication technologies may impede market development. To provide expanded services to end-user industries, market players are embracing advanced technologies such as Industrial Internet-of-Things (IIoT) devices and secure network protocols intended for industrial situations. Integrating artificial intelligence (AI) and machine learning (ML) advancements into industrial communications and continuous improvements in wireless technologies present potential avenues for expansion.

Regional Insights

The Americas' industrial communication market has been experiencing considerable growth due to the widespread adoption of Industry 4.0 technologies and a resilient manufacturing sector. The United States and Canada intensely focus on automation and digitization across multiple industries, such as automotive, aerospace & defense, chemical, pharmaceuticals, and energy, with several key players catering to their specialized needs. The APAC region has emerged as a leading market for industrial communications due to rapid industrialization, significant investments in infrastructure projects, and increasing adoption of advanced technologies such as the Industrial Internet of Things (IIoT) and Industry 4.0. Countries, including China, Japan, India, South Korea, and Taiwan, contribute significantly to the growth of industrial communication systems in this region. Europe has a well-established industrial communication market comprising numerous major players expanding their production and distribution channels across the region. The regional players have a strong presence in the global market, providing technologically advanced solutions and leveraging their expertise in industrial automation systems. The European market benefits from strong governmental support for developing advanced infrastructure and digitization endeavors. The European market is characterized by heavy investments in automation technologies aimed at improving operational efficiency while focusing on introducing standards and protocols for developing high-quality industrial communication networks.

Industrial Communication Market
To learn more about this report, request a free PDF copy
Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Communication Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rising demand of reliable, scalable and real-time communication across industries
    • Emergence of Industry 4.0 and the Industrial Internet of Things (IIoT) in industries
    • High adoption of ethernet-based communication networks
  • Market Restraints
    • High implementation cost and lack of standardization
  • Market Opportunities
    • Deployment of 5G for enabling efficient communication networks in industries
    • Integration of AL/ML in industrial communications and advancements in wireless technologies
  • Market Challenges
    • Concern regarding cybersecurity threats and harsh operating conditions
Market Segmentation Analysis
  • Communication Protocol: Emerging popularity of wireless communication protocols

    Fieldbus is a widely used industrial communication protocol connecting digital devices in process automation applications. They are ideal for use in hazardous environments, as they offer improved device control and diagnostics, simplifying commissioning and maintenance tasks. Canopen is a high-performance communication protocol based on the Controller Area Network (CAN) standard designed specifically for real-time control applications. CC-Link stands for Control & Communication Link and is widely used in manufacturing industries as it enables high-speed communications between PLCs and remote I/O units using twisted pair cables over long distances. Foundation Fieldbus and Highway Addressable Remote Transducer (HART) are digital communication protocols designed for industry process automation and facilitate bi-directional communication between intelligent field devices and control systems while supporting advanced diagnostics, asset management, and multi-variable data. Interbus is a serial communication protocol specifically designed for industrial automation applications. Modbus is an open-source communication protocol widely used in various industries due to its simplicity, ease of implementation, and adaptability to different media. Process Field Bus (Profibus) is a standardized communication protocol that is popular fieldbuses globally for discrete manufacturing and process automation applications across various industries such as automotive, power generation, chemical, pharmaceuticals, food & beverage, and water treatment plants. Industrial Ethernet is a versatile communication technology that has revolutionized the way data is exchanged within the industrial sector. CC-Link Industrial Ethernet (IE) is an open network protocol that offers seamless connectivity with gigabit speeds for time-sensitive applications in various sectors, such as automotive manufacturing and semiconductor production. EtherCAT (Ethernet for Control Automation Technology) is an open-source protocol to facilitate fast communication between automation devices at microsecond-level responsiveness. EtherNet/IP (EtherNet Industrial Protocol) is an open-standard communication protocol based on the Common Industrial Protocol (CIP), which operates over standard Ethernet infrastructure. Modbus TCP is a widely-used protocol based on the Modbus RTU serial communication standard, adapted for Ethernet networks. POWERLINK is a deterministic real-time protocol developed by B&R Industrial Automation that enables high-performance communication over standard Ethernet networks. It employs a centralized master-slave architecture with jitter-free synchronization to ensure efficient data transmission among devices. Widely used in robotics and machine tool industries, POWERLINK supports motion control applications requiring precise coordination between multiple axes. PROFINET is an open-standard Ethernet-based protocol that offers real-time performance and flexibility in industrial automation settings. Sercos III (Serial Real-time Communication System) is the third generation of the Sercos interface series designed specifically for high-speed communication in motion control applications. Wireless protocols have become increasingly prevalent in industrial environments due to their flexibility and ease of implementation. Cellular communication protocols leverage existing cellular networks to provide comprehensive area coverage and reliable communication. The International Society of Automation's ISA100.11a standard is a wireless protocol designed specifically for industrial automation systems that require highly reliable and secure communication links with low latency in harsh environments. Wireless HART (WHART) is a widely adopted wireless communication protocol for industrial process automation. Wireless Local Area Network (WLAN) provides high-speed data transmission rates over short distances within a facility or campus environment. Zigbee is a low-power wireless communication protocol for small-scale networks involving sensors, actuators, and other IoT devices.

  • Component: Proliferating demand for industrial communication software

    The hardware infrastructure within industrial communication systems comprises several critical elements to ensure efficient data transmission and reception. Communication interfaces provide a medium for data transfer between devices or systems using various communication protocols. Connectors are essential for establishing physical links between devices and cables within an industrial communication network. Controllers & processors are responsible for managing the overall functioning of the communication system by processing data from input or output devices and executing control algorithms based on predefined logic. Hubs, routers & gateways facilitate network interconnectivity by directing data packets to their appropriate destinations. Isolators protect sensitive equipment from electrical surges or ground loops; converters adapt signals from one form to another depending on the requirements of connected devices. Memory storage devices store configuration files, application data, and logs that support system operation and diagnostics. Power supply units deliver reliable power to all components within an industrial communication system while protecting them from electrical fluctuations and disturbances. Switches help manage data traffic within a network by selectively forwarding packets between devices based on their destination address, enabling efficient bandwidth usage and reducing the risk of collisions. Various services are essential for effectively implementing, operating, and maintaining industrial communication systems. These services include system design and integration, consultation, technical support and troubleshooting, training programs for operators and administrators, and regular software updates to ensure ongoing compatibility and security requirements are met. Industrial communication systems depend on specialized software solutions to manage data exchange between devices securely and efficiently. These solutions encompass communication protocols, configuration, and management tools that allow monitoring of network performance metrics in real-time, diagnostic utilities to promptly identify faults or errors within the system and advanced analytics capabilities that allow users to extract valuable insights from collected data to optimize their processes further.

  • Industry Vertical: Expanding applications of industrial communication in the aerospace & defense sector

    The aerospace & defense industry requires highly reliable, secure, and real-time communication systems. Advancements in satellite communication technologies have improved connectivity for military aircraft and ground vehicles. Industrial communication systems are crucial in modern automotive manufacturing processes by connecting machines, robots, and control systems across production lines. The chemicals and fertilizers industry relies on robust communication networks to monitor hazardous materials handling safely and efficiently while meeting regulatory requirements. Electronics manufacturing depends on precision, speed, and effective industrial communication, critical to streamlining operations and reducing downtime due to equipment failures or bottlenecks. Industrial communication enables efficient power grid management through smart meters and connected sensors. Real-time monitoring of fabrication processes is crucial for maintaining product quality in the engineering industry. Industrial communication ensures efficient automation and traceability in food processing plants while meeting stringent hygiene standards. Reliable and secure communication is vital for safe and productive mining operations as it allows constant monitoring and control of machinery, personnel, and environmental conditions. Industrial communication technologies enable real-time monitoring of critical parameters such as pressure, temperature, and flow rates in oilfields or refineries while providing safety measures against accidents or leaks. The pharmaceutical industry requires secure, robust communication systems for quality assurance, process control, and regulatory compliance. Industrial communication is essential for monitoring and controlling water treatment plants' parameters to ensure safe drinking water and meet government regulations.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Industrial Communication Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Industrial Communication Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Industrial Communication Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Industrial Communication Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Industrial Communication Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Industrial Communication Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Industrial Communication Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Industrial Communication Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Industrial Communication Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Industrial Communication Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Communication Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Communication Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Intel, Ericsson Expand Collaboration to Advance Next-Gen Optimized 5G Infrastructure

    Intel and Ericsson have joined into a strategic collaboration agreement in industrial communication. As part of this collaboration, Intel manufactures custom 5G SoCs for Ericsson's next-generation optimized 5G infrastructure. The companies work together to optimize 4th Gen Intel Xeon Scalable processors with Intel vRAN Boost specifically for Ericsson's Cloud RAN solutions. Ericsson has chosen Intel as its manufacturing partner for future custom 5G SoCs, utilizing the state-of-the-art 18A process node. This collaboration aims to establish a more resilient and sustainable supply chain for Ericsson's products. [Published On: 2023-07-25]

  • Airbus and Cellnex strengthen partnership for mission-critical communications

    Airbus and Cellnex have entered a Memorandum of Understanding (MOU) to explore potential business and mission-critical communications partnerships. As per the terms of this MOU, Airbus utilizes its Agnet platform to provide end-user organizations with critical communication solutions. Cellnex leverages its portfolio of sites to facilitate equipment collocation and deployment, operation, and maintenance of networks and applications. This strategic partnership aims to create new business opportunities for both companies, benefiting various verticals and mission-critical users across different countries. By implementing and delivering intelligent solutions, this MOU enhances Airbus and Cellnex's market positioning and establishes its leadership in the industry. [Published On: 2023-05-23]

  • Apax Funds make approximately USD 450 million investment in travel tech company IBS Software

    Apax Partners LLP invested approximately USD 450 million in acquiring a minority stake in IBS Software. IBS Software offers a comprehensive portfolio of cloud-based solutions for the travel industry. IBS Software helps travel companies accelerate innovation and drive efficiency across core business processes, including cargo and logistics, flight operations, passenger services, loyalty programs, cruise operations, energy & resource logistics, and hospitality distribution platforms. [Published On: 2023-05-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Communication Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial Communication Market, highlighting leading vendors and their innovative profiles. These include Aaeon Technology Inc., ABB Ltd., Advantech Co., Ltd., B+M Blumenbecker GmbH, Belden Inc., Cisco Systems, Inc., General Electric Company, Honeywell International Inc., IFM Electronic GmbH, Industrial Communications, LLC, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Molex, LLC, Moxa Inc., Nokia Corporation, Omron Corporation, Pepperl+Fuchs SE, Phoenix Contact Gmbh & Co. Kg, Renesas Electronics Corporation, Robert Bosch AG, Rockwell Automation, Inc., SAP SE, Schneider Electric SE, Sick AG, Siemens AG, STMicroelectronics N.V., Telefonaktiebolaget LM Ericsson, Texas Instruments, and Tridon Communications.

Industrial Communication Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Industrial Communication Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Communication Protocol
    • Fieldbus
      • Canopen
      • CC-Link
      • Devicenet
      • Foundation Fieldbus & HART
      • Interbus
      • Modbus
      • Profibus
    • Industrial Ethernet
      • CC-Link IE
      • Ethercat
      • EtherNet/IP
      • Modbus TCP
      • Powerlink
      • Profinet
      • Sercos III
    • Wireless
      • Cellular
      • ISA100.11a
      • WHART
      • WLAN
      • Zigbee
  • Component
    • Hardware
      • Communication Interfaces
      • Connectors
      • Controllers & Processors
      • Hubs, Routers, & Gateways
      • Isolators & Convertors
      • Memory
      • Power Supply Devices
      • Switches
    • Services
    • Software
  • Industry Vertical
    • Aerospace & Defense
    • Automotive & Transportation
    • Chemicals & Fertilizers
    • Electrical & Electronics
    • Energy & Power
    • Engineering & Fabrication
    • Food & Beverages
    • Mining
    • Oil & Gas
    • Pharmaceutical
    • Water & Wastewater

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Industrial Communication Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Industrial Communication Market, by Communication Protocol
  7. Industrial Communication Market, by Component
  8. Industrial Communication Market, by Industry Vertical
  9. Americas Industrial Communication Market
  10. Asia-Pacific Industrial Communication Market
  11. Europe, Middle East & Africa Industrial Communication Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 692]
  16. List of Companies Mentioned [Total: 31]
Navigating the Future by Unveiling the Dynamics of Industrial Communication Trends
February 18, 2024
Navigating the Future by Unveiling the Dynamics of Industrial Communication Trends
Industrial communication is evolving rapidly, with the widespread adoption of Ethernet and the integration of wireless technologies, shaping the future of efficient and secure data exchange in manufacturing and production environments.

Industrial communication is the lifeblood of modern manufacturing and production, fostering seamless data exchange between devices and systems. As industries embrace the digital era, the integration of Ethernet is a prominent trend, providing higher bandwidth and interoperability. The advent of wireless technologies, including Wi-Fi and Bluetooth, further enhances connectivity, enabling more flexible and mobile communication within industrial settings.

One of the game-changers in this landscape is the integration of 5G technology, ushering in an era of ultra-low latency and high reliability, crucial for real-time control and monitoring. This groundbreaking development brings ultra-low latency and high reliability, fundamentally altering the dynamics of real-time control and monitoring in manufacturing processes.

Simultaneously, the rise of edge computing is reshaping industrial communication by processing data closer to the source, reducing latency, and facilitating faster decision-making. In context, in July 2022, Yaskawa Electric Corporation introduced JL-L000A communications ASIC for use with the MECHATROLINK-4, an integrated circuit (IC chip) mounted on controllers for several industrial and electronic equipment.

Amid these advancements, cybersecurity measures are taking center stage to safeguard industrial communication networks from potential cyber threats, ensuring the integrity and reliability of critical data flows in the industrial ecosystem.

Advancements in Industrial Communication: Integration of AL/ML and Wireless Technologies
October 22, 2023
Advancements in Industrial Communication: Integration of AL/ML and Wireless Technologies
The industrial communication sector is in the midst of a transformation, integrating Artificial Intelligence (AI) and Machine Learning (ML) technologies and advancements in wireless technologies. The benefits of these innovations range from better efficiency, accuracy, and scalability to real-time data analysis and insights, thereby improving the overall productivity and reliability of industrial operations. This blog explores the scope of industrial communication and new trends in AI/ML and wireless technologies, their impact on industrial communication, and how these technologies can be leveraged to optimize industrial operations.

The Integration of AI/ML in Industrial Communications:

AI and ML are transforming the face of industrial communication. These technologies enable manufacturers and industries to adopt a proactive approach to maintenance as they can predict and prevent faults, eliminating downtime and reducing repair costs. Integrating AI/ML into maintenance operations has ensured real-time data analysis, leading to better decision-making, increased productivity, and lower energy consumption.

Moreover, AL/ML technologies, when complemented with cloud-based solutions and edge computing, can offer greater data insight to manufacturers. Predictive quality assurance, real-time predictive maintenance, and process optimization through AI/ML-powered algorithms are revolutionizing industrial operations.

Advancements in Wireless Technologies in Industrial Communication:

Wireless-enabled sensors provide the backbone for Industry 4.0 and the industrial Internet of Things (IoT) through wireless protocols. These wireless technologies can support multiple devices, making scalability easy and cost-effective.

Companies now realize that wireless technology can replace existing wired systems, minimizing downtime during installations and maintenance. Wireless technology also enables mobile devices to be used for data collection and monitoring, allowing greater communication and information-sharing across departments.

Benefits of Incorporating AL/ML in Wireless Industrial Communications:

Integrating wireless technology and AL/ML in industrial communication has many benefits. The resulting data analysis and real-time insights these technologies provide ensure that experts can make timely, informed decisions. These decisions can help increase reliability, optimize equipment and machine performance, and monitor the functioning of operational equipment.

Wireless systems and AL/ML-driven predictive maintenance are transforming industrial communication through lower maintenance costs, higher performance, stronger reliability, and the creation of an intelligent ecosystem that constantly learns and optimizes its performance, thereby decreasing lead times and enhancing customer experience.

Closing the Gap between Traditional and Wireless Technologies:

Manufacturers must ensure effective communication between traditional wired systems and emerging wireless technologies. In many factories, using wired connections alongside wireless technologies is necessary, as the factory machines are built to utilize traditional wired protocols.

However, by integrating wireless technology with wired systems, manufacturers can take advantage of the benefits of wireless communication without having to rip and replace existing wired systems. Hybrid systems provide the advantages and strengths of each emerging technology, leading to greater efficiency, reliability, and scalability.

AI/ML-powered wireless technologies and next-gen industrial communication solutions are transforming factories and plants worldwide. The amalgamation of AL/ML and wireless technology, when coupled with cloud computing and expert systems, can transform not only the way machines and equipment are maintained but the entire industrial communication space. The communication framework of the future will be transformed by AL/ML, wireless technologies, and the insight gained from data analytics that will enable organizations to make informed decisions quickly and make real-time changes to enhance their productivity, reduce downtime, and minimize maintenance costs.

Frequently Asked Questions
  1. How big is the Industrial Communication Market?
    Ans. The Global Industrial Communication Market size was estimated at USD 35.64 billion in 2023 and expected to reach USD 38.41 billion in 2024.
  2. What is the Industrial Communication Market growth?
    Ans. The Global Industrial Communication Market to grow USD 63.86 billion by 2030, at a CAGR of 8.68%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.