The global industrial Ethernet switch market size was valued at $2.94 Billion in 2020, and is projected to reach $4.99 Billion by 2028, to register a CAGR of 7.1% from 2021 to 2028. Ethernet switch is a multiport network switch that connects all the computer networking devices together on a computer. It forwards the data only to its destination port where it is required unlike Ethernet hubs which forward the data to all the ports irrespective of the requirement. The industrial-grade Ethernet Switches are particularly designed for connecting the devices in industrial network environments that are subject to extreme operating temperatures of -40C to 75C, shocks, and vibrations. Such type of Ethernet Switches find applications in industrial and factory automation; rail and intelligent transportation systems (ITSs); marine; and oil and gas sectors.
Factors such as increase in adoption of industrial Ethernet switches due to its benefits along with the increasing need to ensure efficiency in communication infrastructure in the automotive & transport environment significantly drives growth of the market. In addition, rise in application of industrial Ethernet switch in industrial infrastructures such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities fuels the market growth.
However, the technological complexity involved in Ethernet switches that makes it vulnerable towards security attacks is anticipated to restrain the market growth. On the contrary, the factors such as the emergence of Industry 4.0 is anticipated to provide lucrative opportunities for the market growth. In addition, emergence of connected vehicles in the automotive & transportation industry is expected to be opportunistic for growth of the industrial Ethernet switch market during the forecast period.
The global industrial Ethernet switch market is segmented on the basis of type, industry vertical, and region. On the basis of type, the market is bifurcated into managed and unmanaged. By industry vertical, the market is classified into manufacturing, electric and power, aerospace and defense, automotive and transportation, oil and gas, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The company profiles of industrial Ethernet switch market players included in this report are Arista Networks, Cisco Systems Inc., Belden Inc., Siemens Ag, Brocade Communication Systems Inc., Hewlett-Packard, Juniper Network, Microsoft Corporation, Alcatel-Lucent, and Huawei.
Industrial Ethernet Switch Market Key Segments
By Type
- Managed
- Unmanaged
By Industry Vertical
- Manufacturing
- Electric and Power
- Aerospace and Defense
- Automotive and Transportation
- Oil and Gas
- Others
By Region
- North America
o U.S.
o Canada
o Mexico
- Europe
o Sweden
o France
o Germany
o Russia
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa
Key Market Players
- Arista Networks
- Cisco Systems Inc.
- Belden Inc.
- Siemens Ag
- Brocade Communication Systems Inc.
- Hewlett-Packard
- Juniper Network
- Microsoft Corporation
- Alcatel-Lucent
- Huawei Technologies