Industrial Communication in the Global Automotive Industry (2018-2022) - Leading the Competition are ABB, Belden, Cisco, Rockwell Automation, Schneider Electric, and Siemens - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Industrial Communication Market in the Automotive Industry 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global industrial communication market is expected to grow at a CAGR of 6.74% for automotive industry during the period 2018-2022.
The virtualization of automation control systems such as SCADA, PLC, MES and DCS has helped in decoupling physical hardware from operating system and ensured smoother plant operations. The operational efficiency of the automotive industry will also increase by integrating multiple operations on a single server with the help of virtualization.
Though the adoption of virtualization was low in 2017, by simplifying communication processes and increasing automation in automotive production operations, this key trend will drive growth of the industrial communications market for the next five years.
According to the report, one of the major drivers for this market is the growing importance of real time data analysis in automotive manufacturing processes. The huge amount of data collected by automation systems are transferred from the machines to the plant operators in real time which enable them to take prompt action in case of operational failure or machine breakdown.
The growing need to connect a wide range of machines over a large landscape, for data collection and analysis will drive the demand for real time analytics which in turn will fuel growth of industrial communication market in the automotive industry.
Further, the report states that one of the major factors hindering the growth of this market is the growing threat to data security.
Market TrendsVirtualization in Industrial Automation Emergence of Smart Factories Growing Advances in Communication Technology
Key VendorsABB Belden Cisco Rockwell Automation Schneider Electric Siemens
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Protocol
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/k5x7cf/industrial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005542/en/
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Related Topics:Automotive,Industrial Automation
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING
SOURCE: Research and Markets
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PUB: 08/20/2018 02:38 PM/DISC: 08/20/2018 02:38 PM