Global Industrial Ethernet Cables Market 2018-2022

Global Industrial Ethernet Cables Market 2018-2022

  • November 2018 •
  • 140 pages •
  • Report ID: 4343054 •
  • Format: PDF
About this market
Owing to the factors including growing adoption of IoT and rising interest in automation, the advent of single pair Ethernet cabling will emerge as the latest market trend. To address wiring and cable system standards, the IEEE has been suggesting specifications for single-pair cabling in both industrial and commercial applications. Technavio’s analysts have predicted that the market will register a CAGR close to 17% by 2023.

Market Overview
Growing benefits of industrial Ethernet
Owing to the several benefits offered by the industrial Ethernet including the advances in bandwidth, speed, and reliability, the demand for industrial Ethernet will grow significantly in the forthcoming years. Industrial Ethernet also enables organizations to leverage the economies of scale and exert a certain control over the networked manufacturing equipment.
Growing preference for wireless communication
Wireless communication protocols are increasingly being adopted among several end-user industries owing to several advantages including the effective maintenance and lower repair costs. Owing to their increased popularity, the wireless communication protocols currently occupy around 8% of the global communication networks market, in turn, hindering the growth of industrial Ethernet cables market.
For the detailed list of factors that will drive and challenge the growth of the industrial Ethernet market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be moderately fragmented with the major market players focusing on offering product differentiation to meet the evolving needs of the consumers. Industrial Ethernet manufacturers are also engaging in continuous R&D for developing advanced products. This market research report provides in-depth analysis of the various strategies being adopted by the market players, which, in turn, will help the clients in making informed business decisions.