Industrial PROFINET Market worth $9.14 billion by 2030, growing at a CAGR of 7.45% - Exclusive Report by 360iResearch

The "Industrial PROFINET Market by Type (PROFINET CBA, PROFINET IO), Product (Hardware, Services, Software), Technology, Application, End Use Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Industrial PROFINET Market to grow from USD 5.53 billion in 2023 to USD 9.14 billion by 2030, at a CAGR of 7.45%.

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Industrial PROFINET is an open industrial ethernet solution based on international standards. It is a type of communication protocol used to exchange data and information between controllers and devices in an automation setting. This ethernet-based system provides real-time data communication, facilitating optimized operations, improved production efficiency, and enhanced flexibility in processes. Hence, the applications for industrial PROFINET encompass manufacturers, suppliers, and end-users in industrial sectors, including manufacturing, automotive, energy, and utilities, among others. Companies are actively seeking efficient production processes, and they are increasingly investing in cutting-edge communication protocols such as industrial PROFINET. However, transitioning from conventional processes to automation requires extensive investment and sophisticated training, which can act as a deterrent for some entities. Additionally, the rising concern over data security poses a significant challenge, with potential data breaches disrupting operations and diminishing the attractiveness of adopting such systems. However, major players are constantly exploring innovations and investing in R&D initiatives to improve the privacy settings and data security of industrial PROFINET. Key opportunities emerge in sectors undergoing digital transformation, such as smart manufacturing initiatives and Industry 4.0 programs, where the industrial internet of things (IIoT) and advanced robotics are increasingly prevalent. Furthermore, the expansion of the 5G network and technologies can create new avenues of growth for the industrial PROFINET.

In the Americas, particularly in the United States and Canada, the adoption of Industrial PROFINET is burgeoning, especially in the domains of logistics, industrial automation, and oil & gas. Investment is ramping up in research and development of PROFINET devices that can allow industries to maintain robust and efficient communication infrastructures. The robust growth of industrial PROFINET in the Americas region can also be attributed to the continuous investments in technological upgrades and modernization. The robustness, resilience, and versatility of PROFINET are expected to increase their adoption, particularly with the rise of the Industry 4.0 revolution. The rising use of PROFINET technology in Europe has led to improvements and advancements in operational efficiency across multiple industries, including manufacturing, automotive, and energy. It has also fostered better safety protocols in industries through advanced monitoring and predictive analytics. Stringent data privacy regulations in Europe have necessitated the adoption of industrial PROFINET in industrial settings. Countries in the APAC region, particularly China, Japan, South Korea, and India, are progressively transitioning towards automated processes and digital technologies. Government initiatives for digitalization of industrial plants and smart factories have fuelled demand and growth of industrial PROFINET.

Market Segmentation & Coverage:

This research report categorizes the Industrial PROFINET Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across PROFINET CBA and PROFINET IO. The PROFINET CBA is projected to witness significant market share during forecast period.

Based on Product, market is studied across Hardware, Services, and Software. The Hardware is further studied across Gateways, Routers, and Switches. The Services is further studied across Design & Implementation and Testing. The Hardware is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Isochronous Real Time, Non-Real Time, and Real-Time. The Isochronous Real Time is projected to witness significant market share during forecast period.

Based on Application, market is studied across Discrete Automation, Process Automation, and Safety Systems. The Discrete Automation is projected to witness significant market share during forecast period.

Based on End Use Industry, market is studied across Automotive, Chemical, Food & Beverage, Manufacturing, Mining, Oil & Gas, Pharmaceuticals, and Water & Wastewater. The Chemical is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.86% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Industrial PROFINET Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial PROFINET Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Industrial PROFINET Market, highlighting leading vendors and their innovative profiles. These include Advantech Co., Ltd., Analog Devices, Inc., AUMA Riester GmbH & Co. KG, B&R Automation by ABB Ltd., Beckhoff Automation GmbH & Co. KG, Belden Inc., Cisco Systems, Inc., HELUKABEL GmbH, Hilscher Gesellschaft für Systemautomation mbH, HMS Industrial Networks AB, Indu-Sol GmbH, Lapp Group, Lenze SE, Molex, LLC by Koch Industries, Inc., Moxa Inc., ODOT AUTOMATION, Renesas Electronics Corporation, SAB Bröckskes GmbH & Co. KG, Schneider Electric SE, SENECA srl, Siemens AG, Texas Instruments Incorporated, TPC Wire & Cable, Turck Holding GmbH, and VIPA Controls.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial PROFINET Market, by Type
7. Industrial PROFINET Market, by Product
8. Industrial PROFINET Market, by Technology
9. Industrial PROFINET Market, by Application
10. Industrial PROFINET Market, by End Use Industry
11. Americas Industrial PROFINET Market
12. Asia-Pacific Industrial PROFINET Market
13. Europe, Middle East & Africa Industrial PROFINET Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Industrial PROFINET Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial PROFINET Market?
3. What is the competitive strategic window for opportunities in the Industrial PROFINET Market?
4. What are the technology trends and regulatory frameworks in the Industrial PROFINET Market?
5. What is the market share of the leading vendors in the Industrial PROFINET Market?
6. What modes and strategic moves are considered suitable for entering the Industrial PROFINET Market?

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