Industrial Ethernet Market
The industrial ethernet market was valued at USD 9.2 billion in 2020 and is projected to reach USD 13.7 billion by 2026. It is expected to grow at a CAGR of 7.3% during the forecast period.
The global industrial ethernet market is projected to grow from USD 9.7 billion in 2021 to USD 13.8 billion by 2026; it is expected to grow at a CAGR of 7.3% from 2021 to 2026. The most significant factors driving the growth of the industrial ethernet market are growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote adoption of industrial automation, and growing popularity of smart automobiles.
