Global Industrial Communication Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Offering;

Components, Software and Services

By Communication Protocol;

Fieldbus, Industrial Ethernet, and Wireless

By End-Use Application;

Automotive & Transportation, Electrical & Electronics, Aerospace & Defense, Oil & Gas, Water & Wastewater, Food & Beverages, Pharmaceutical, Energy & Power, Mining, Chemicals & Fertilizers, and Engineering/Fabrication

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn559526145 Published Date: May, 2025 Updated Date: June, 2025

Industrial Communication Market Overview

Industrial Communication Market (USD Million)

Industrial Communication Market was valued at USD 21,719.45 million in the year 2024. The size of this market is expected to increase to USD 36,268.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.


Global Industrial Communication Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 7.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.6 %
Market Size (2024)USD 21,719.45 Million
Market Size (2031)USD 36,268.93 Million
Market ConcentrationMedium
Report Pages320
21,719.45
2024
36,268.93
2031

Major Players

  • Cisco Systems, Inc.
  • Siemens
  • Rockwell Automation
  • OMRON Corporation
  • Moxa Inc.
  • Huawei Technologies Co., Ltd.
  • SICK AG
  • Schneider Electric
  • ABB
  • Belden Inc.
  • GE
  • Advantech Co., Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Industrial Communication Market

Fragmented - Highly competitive market without dominant players


The Industrial Communication Market continues to gain traction, fueled by increasing demands for automated and connected systems. As smart manufacturing expands, over 50% of facilities now depend on efficient communication infrastructures to support synchronized operations. This rising dependency on connected systems ensures optimized control and data transmission across industrial environments.

Rising Adoption of IIoT Technologies
The influence of Industrial IoT (IIoT) is transforming traditional communication models. Businesses are progressively equipping their infrastructure with connected sensors and smart devices. More than 65% of industrial systems now utilize IIoT-driven networks for enhanced real-time control and remote diagnostics, boosting operational intelligence.

Growth in Smart Factory Initiatives
Driven by automation goals, smart factory implementations have amplified the need for robust communication frameworks. Over 55% of investments in such facilities are channeled into upgrading communication protocols like Ethernet/IP and PROFINET, reinforcing the backbone of interconnected and efficient industrial ecosystems.

Technological Advancements and Integration Trends
Breakthroughs in 5G, TSN, and wireless technologies are enhancing communication performance in industrial operations. These innovations now feature in about 30% of new installations, promoting quicker data flows and reliability in time-sensitive automation scenarios, especially in complex production environments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Offering
    2. Market Snapshot, By Communication Protocol
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Industrial Communication Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. IIoT Integration
        2. Real-time Analytics
        3. Remote Monitoring
      2. Restraints
        1. Interoperability challenges
        2. Security concerns
        3. High implementation costs
      3. Opportunities
        1. 5G Adoption
        2. Cybersecurity Solutions
        3. Edge Computing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Industrial Communication Market, By Offering, 2021 - 2031 (USD Million)
      1. Components
      2. Software
      3. Services
    2. Industrial Communication Market, By Communication Protocol, 2021 - 2031 (USD Million)
      1. Fieldbus
      2. Industrial Ethernet
      3. Wireless
    3. Industrial Communication Market, By End-Use, 2021 - 2031 (USD Million)
      1. Automotive & Transportation
      2. Electrical & Electronics
      3. Aerospace & Defense
      4. Oil & Gas
      5. Water & Wastewater
      6. Food & Beverages
      7. Pharmaceutical
      8. Energy & Power
      9. Mining
      10. Chemicals & Fertilizers
      11. Engineering/Fabrication
    4. Industrial Communication Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cisco Systems, Inc.
      2. Siemens
      3. Rockwell Automation
      4. OMRON Corporation
      5. Moxa Inc.
      6. Huawei Technologies Co., Ltd.
      7. SICK AG
      8. Schneider Electric
      9. ABB
      10. Belden Inc.
      11. GE
      12. Advantech Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market