Research and Markets has announced the addition of the"Global Industrial Ethernet Market 2016-2020" report to their offering.
The report forecasts the global industrial Ethernet market to grow at a CAGR of 15.03% during the period 2016-2020.
Increased use of Ethernet among machine and robot OEMs will be a major key trend for the market. Robot and machine OEMs are increasingly employing industrial networks to connect their controllers, distributed I/O, human machine interfaces (HMIs), instruments, and sensors to each other within a machine or a robot. Ethernet is becoming the network of choice for robots, machine OEMs, and end-users because of its ubiquity and better price/performance ratio over other communication networks.
According to the report, one of the key drivers for market growth will be growing implementation of IIoT. IoT is a network of physical devices embedded with sensors, software, and hardware that enable to gather and exchange the data without human intervention. We predict 50.2 billion devices to be connected to the Internet by 2020. Approximately 40% of these devices will be smart devices such as televisions, tablets, and smartphones. The remaining will be made up of devices that are not traditionally Internet-enabled.
Further, the report states that one of the challenges for the market will be emergence of wireless connectivity and WSNs in industrial automation and control.