LONDON--(BUSINESS WIRE)--Technavio’s global industrial Ethernet cables market research report projects the market to grow at a CAGR of around 17% during the forecast period.
The advent of single pair Ethernet cabling will be one of the major trends in the global industrial Ethernet cables market during 2018-2022. The growing adoption of IoT, rising interest in automation, and the need for cost-effective power, connectivity, and security for billions of connected devices have been changing the scope of next-generation cable systems. ANSI/TIA and ISO/IEC standards for network cables have been mandating specifications for single-pair cabling in commercial and industrial installations.
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According to Technavio analysts, one of the key drivers for the global industrial Ethernet cables market is the increasing benefits of industrial Ethernet:
Global industrial Ethernet cables market: Increasing benefits of industrial Ethernet
Ethernet was the fastest growing technology in the field of communication systems in the last decade and is considered as the core of industrial networks. The factors that are contributing to the growth of the global industrial Ethernet market are the ongoing advances in bandwidth, speed, and reliability. Ethernet has the capability to tackle a wide spectrum of applications as many protocols can run on it.
According to a senior research analyst at Technavio, “By using industrial Ethernet, the manufacturers can standardize and consolidate their different manufacturing network architectures by employing products offered by a variety of equipment vendors. Industrial Ethernet allows the companies to take advantage of the economies of scale in addition to the flexibility needed to support their specific factory-floor requirements.”
Global industrial Ethernet cables market: Segmentation analysis
This global industrial Ethernet cables market analysis report provides market segmentation by protocol (EtherNet/IP, PROFINET, EtherCAT, Modbus TCP/IP, and POWERLINK), by end-user (discrete industry and process industry), and by region (the Americas, APAC, and EMEA). This report also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major end-users, the discrete industry segment held the largest industrial Ethernet cables market share in 2017, contributing to nearly 56% of the market. This end-user segment will dominate the global market throughout the forecast period.
The EMEA region held the largest share of the market in 2017, accounting for more than 39% share. It was followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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