Industrial Communication Market Competitive Dynamics & Global Outlook 2025

Industrial Communication Market Competitive Dynamics & Global Outlook 2025

The research report on industrial communication market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The advent of the fourth industrial revolution has commendably transformed industrial communication market outlook. The Internet of Things (IoT) and robotics have played major roles in industrially transforming manufacturing systems, with the introduction of digital ecosystems. Automation undeniably, has helped market trends to thrive and has advanced the operational work process across numerous sectors. To increase efficiency and productivity in organizations and encourage smart manufacturing, industrial IoT is rapidly being adopted by companies, propelling market outlook.

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The increasing degree of robotization and automation in industries has further accelerated the adoption of advanced technologies and added impetus to industrial communication market. In 2018, a new record high of 384,000 units of industrial robots were shipped globally with an increased annual sales volume for the sixth time in a row (2013-2018). In 2019, 30% of commercial service robotic applications have been predicted to be leased which will in turn help to increase market share.

China was the largest market for industrial robots and accounted for an annual supply of around 1,332,000 units in the year 2018. Following China, the second largest market for industrial robots was Japan in the same year with an annual supply of around 524,000 units. In 2017, in India, sales of industrial robots reached 3,412 new units installed. In the same year, India ranked no. 14 in the global annual supply, following Spain and Thailand.

Industrial communication market is being driven by robotization trends in industries in the emerging economies of the APAC region. Moreover, the increasing adoption of the industry 4.0 revolution further augments the prospects for the market. Asia Pacific market size is forecast to grow at a CAGR of more than 12% over 2019-2025.

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Besides APAC region, robot sales in the U.S. have also significantly helped to expand industrial communication market. Robot sales in the United States has been recorded to hit a new peak of almost 38,000 units, setting a record for the eighth year in a row from 2010 to 2018. Robot density in the U.S. manufacturing industry reached 200 robots per 10,000 employees by 2018. Increasing rate of robotization and robot density will drive the market substantially.

Some other participants in the industrial communication market include ACS Motion Control, Advanced Motion Control, ADVANTECH, Beckhoff Automation, Belden etc. Market size is predicted to exceed $160 billion by 2025 owing to the multiplying demand of robotization, automation and IIoT.

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