From GlobeNewswire: 2025-04-01 10:00:00

The Industrial Ethernet Market was valued at USD 11.2 billion in 2023 and is estimated to reach USD 21.9 billion by 2032, growing at a CAGR of 7.74%. Major players include Siemens, Cisco, Rockwell Automation, and more. The market is driven by the adoption of Industry 4.0 and industrial automation, with key growth drivers in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The U.S. Industrial Ethernet Market was worth USD 2.87 billion in 2023 and is projected to reach USD 5.67 billion by 2032, growing at a CAGR of 7.87%. The market expansion is fueled by automation, smart manufacturing, and Industry 4.0 initiatives, along with the increasing demand for high-speed, secure industrial networking solutions.

In 2023, the hardware segment dominated the Industrial Ethernet Market with a 48% revenue share, driven by the need for rugged, high-performance devices in industrial environments. Industrial Ethernet switches, routers, and cables are essential for reliable and durable network connections. The software segment is expected to witness rapid growth due to increasing network complexity and the need for automated management and real-time monitoring.

The PROFINET protocol leads the market with its reliability and real-time functionality, while the EtherCAT protocol is set for the fastest growth due to its superior real-time control abilities. PROFINET provides accurate data transfer essential for motion control and process automation, while EtherCAT offers ultra-low latency and high synchronization accuracy, making it ideal for industries requiring precise communication.

The Automotive & Transportation segment currently holds the largest market share in Industrial Ethernet, driven by automation and digitalization in automotive manufacturing. The Electrical & Electronics segment is expected to grow the fastest due to the sophistication of electronic products and the need for high-speed, reliable communication in manufacturing processes. The Industrial Ethernet market provides infrastructure for advanced manufacturing processes, boosting operational efficiency. North America leads with 36% revenue share, while the Asia Pacific region shows the fastest growth. Major players like Rockwell Automation and Cisco Systems drive innovation, meeting the demand for high-performance networking solutions in industrial automation.



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