Industrial Ethernet Market

Industrial Ethernet Market Size:

The global industrial ethernet market size reached USD 12.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.1 Billion by 2033, exhibiting a growth rate (CAGR) of 5.97% during 2025-2033. The market is experiencing robust growth, driven by the expanding adoption of industrial automation, the rise of the Industrial Internet of Things (IIoT) technology, heightened focus on cybersecurity, increasing demand for high-speed and reliable connectivity, and the integration of edge computing.

Industrial Ethernet Market Analysis:

• Major Market Drivers: As per the industrial ethernet market report, the growing use of industrial automation and smart manufacturing technologies is expanding the market growth. Besides this, the advent of the Industrial Internet of Things (IIoT) and the need for high-speed and real-time connectivity are boosting the market growth.
• Key Market Trends: The industrial ethernet market analysis indicates that the rising inclusion of edge computing with industrial networks is driving the expansion of this industry. Apart from this, the heightened emphasis on cybersecurity within industrial networks, as well as the use of cloud-based industrial applications is increasing the adoption of industrial ethernet.
• Geographical Trends: Europe is dominating the market, fueled by its strong industrial base, early adoption of Industry 4.0 initiatives, and stringent regulatory standards. Other regions are also showing growth as a result of increased focus on advanced manufacturing and automation technologies.
• Competitive Landscape: Some of the major market players in the industrial ethernet industry include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Belden Inc., Cisco Systems Inc., Honeywell International Inc., Moxa Inc., OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Weidmüller GmbH & Co KG, among many others.
• Challenges and Opportunities: The increasing complexity and cost of integrating new technologies into existing infrastructure is a major hurdle for the market growth. However, this creates opportunities for major players to provide innovative, scalable solutions that can smoothly connect with legacy systems while simultaneously providing the enhanced capabilities required for current industrial applications.

Industrial Ethernet Market Trends:

Expanding Industrial Automation and Smart Manufacturing

The rise of industrial automation and smart manufacturing is a major driver of the industrial ethernet market growth, as firms use modern technology to improve production processes. As per industry reports, the global industrial automation market size is valued at $224 billion. Along with this, the size of India's industrial automation market was valued at $15 billion in 2024 and is expected to grow further to a value of about $29 billion by 2029. This ongoing shift towards automation is creating the need for robust and reliable communication networks. Industrial ethernet plays an important role in this context as it provides high-speed data transfer capabilities and minimal latency. It is well-suited to meet the stringent demands of modern automated environments.

Growing Adoption of the Industrial Internet of Things (IIoT)

The widespread adoption of the Industrial Internet of Things (IIoT) is increasing the industrial ethernet demand as enterprises discover the benefits of connected equipment and systems for enhancing operations. IIoT comprises the integration of sensors, actuators, and devices into industrial processes, allowing for real-time monitoring, data collection, and analysis. This interconnected ecosystem requires a robust and reliable communication network to facilitate seamless data exchange. In line with this, industrial ethernet's ability to enable high-speed data transfer and low-latency communication makes it an excellent choice for IIoT applications in industries such as manufacturing, energy, and transportation. For instance, the manufacturing industry will account for the largest amount of potential economic value from IoT, growing to an estimated 26% in 2030.

Increasing Focus on Cybersecurity in Industrial Networks

The growing concern over cybersecurity in industrial networks is a significant driver of the industrial ethernet market share. In the United States, the amount of cyberattacks on manufacturing had risen by more than 300 percent, accounting for 22% of the total attacks across all industries in 2020. As industrial processes become more interconnected and reliant on digital technologies, the risk of cyberattacks on critical infrastructure increases. In this context, industrial ethernet presents complex security protocols and capabilities, making it the preferred choice for organizations who are looking to protect their communication networks. Additionally, the ability to include robust cybersecurity measures, like encryption, access control, and network segmentation within industrial ethernet networks, is enhancing the expansion of this industry.

Industrial Ethernet Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on offering, protocol, and end user.

Breakup by Offering:

• Hardware
• Software
• Services
   

Hardware accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the offering. This includes hardware, software, and services. According to the report, hardware represented the largest segment.

The industrial ethernet market trends and analysis indicate that the hardware segment represented the largest share, driven by the widespread need for robust and reliable physical infrastructure to support high-speed data transmission and seamless connectivity in industrial environments. This segment includes essential components such as switches, routers, connectors, and cables, which are crucial for establishing and maintaining stable network connections. Moreover, the rising demand for hardware components, fueled by the increasing adoption of automation and smart manufacturing, is positively impacting the industrial ethernet market growth.

Breakup by Protocol:

• EtherNet/IP
• EtherCAT
• PROFINET
• POWERLINK
• SERCOS III
• Others
   

PROFINET holds the largest share of the industry

A detailed breakup and analysis of the market based on the protocol have also been provided in the report. This includes EtherNet/IP, EtherCAT, PROFINET, POWERLINK, SERCOS III, and others. According to the report, PROFINET accounted for the largest market share.

PROFINET represented the largest industrial ethernet market share, due to its high performance, scalability, and versatility. This protocol enables real-time communication, which is essential for automation and control systems, ensuring precise and synchronized operations across diverse industrial environments. Moreover, PROFINET's ability to integrate seamlessly with existing information technology (IT) and automation systems, thereby providing industries with the flexibility to expand and upgrade their networks without significant disruptions is fueling the market growth. Additionally, its support for discrete and process automation, along with advanced features such as redundancy, diagnostics, and safety integration, is boosting the industrial ethernet market revenue.

Breakup by End User:

• Automotive and Transportation
• Electrical and Electronics
• Pharmaceutical and Medical Devices
• Aerospace and Defense
• Energy and Power
• Oil and Gas
• Food and Beverages
• Others
   

Automotive and transportation represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the end user. This includes automotive and transportation, electrical and electronics, pharmaceutical and medical devices, aerospace and defense, energy and power, oil and gas, food and beverages, and others. According to the report, automotive and transportation represented the largest segment.

Based on the industrial ethernet market forecast and outlook, the automotive and transportation sector accounted for the largest market, driven by the industry's increasing reliance on automation, robotics, and smart manufacturing processes to enhance production efficiency and product quality. Moreover, the rising adoption of advanced technologies by automotive manufacturers, like autonomous vehicles, electric cars, and connected infrastructure, creating the need for reliable, high-speed communication networks is fostering the market growth. Industrial ethernet provides the robust connectivity required to support these complex operations, enabling real-time data exchange between machines, sensors, and control systems.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Europe leads the market, accounting for the largest industrial ethernet market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe represents the largest regional market for industrial ethernet.

According to the industrial ethernet market report and overview, Europe represented the largest market, driven by the region's strong industrial base, advanced manufacturing practices, and early adoption of automation technologies. Moreover, the presence of key industries such as automotive, aerospace, and energy, which rely on sophisticated communication networks, is fueling the market growth. Besides this, the rising implementation of Industry 4.0 initiatives, emphasizing the integration of digital technologies into manufacturing processes, is boosting the market growth. Additionally, the region's stringent regulations regarding industrial safety and efficiency, along with significant investments in upgrading industrial infrastructure, are fostering the market growth.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the industrial ethernet industry include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Belden Inc., Cisco Systems Inc., Honeywell International Inc., Moxa Inc., OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Weidmüller GmbH & Co KG, etc.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• The major industrial ethernet companies are focusing on strategic initiatives to strengthen their market positions and expand their global footprint. These initiatives include continuous innovation in product offerings, such as developing more advanced and reliable hardware components, as well as software solutions that enhance network performance and security. Moreover, according to the industrial ethernet market recent opportunities and developments, several companies are investing in research to support the integration of emerging technologies like IIoT and edge computing into their industrial ethernet solutions. Besides this, they are forming partnerships and collaborations with other industry leaders to enhance product portfolios and access new markets. Additionally, key players are emphasizing the development of customized solutions tailored to specific industry needs, particularly in sectors like automotive, manufacturing, and energy.

Industrial Ethernet Market News:

• In July 2024, ABB Ltd. launched FSS400 Swirl and FSV400 Vortex flowmeters with Ethernet-APL connectivity, allowing for high-speed transmission of field data. This Ethernet-APL technology is opening new possibilities for digital collection and analysis of data in processes in the chemical, oil & gas, and hydrogen industries.
• In July 2024, Moxa launched its new MRX Series Layer 3 rackmount ethernet switches that support 64 ports with up to 16 ports of 10GbE speed to accelerate data aggregation for industrial applications. This series helps users build high-bandwidth network infrastructure to realize IT/OT convergence with the EDS-4000/G4000 Series Layer 2 DIN-rail Ethernet switches which supports 2.5GbE uplink options.

Industrial Ethernet Market Report Scope:

Key Questions Answered in This Report:

• How has the global industrial ethernet market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global industrial ethernet market?
• What is the impact of each driver, restraint, and opportunity on the global industrial ethernet market?
• What are the key regional markets?
• Which countries represent the most attractive industrial ethernet market?
• What is the breakup of the market based on the offering?
• Which is the most attractive offering in the industrial ethernet market?
• What is the breakup of the market based on the protocol?
• Which is the most attractive protocol in the industrial ethernet market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the industrial ethernet market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global industrial ethernet market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the industrial ethernet market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global industrial ethernet market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the industrial ethernet industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.