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Global Industrial Ethernet Switch Outlook 2025, Forecast To 2034

12 Mar, 2025

How Has The Computer Vision in Industrial Ethernet Switch Market Size Evolved In Recent Years?

The industrial ethernet switch market has seen considerable growth due to a variety of factors.
• In recent years, there has been a robust growth in the industrial ethernet switch market. The market size, which was $2.94 billion in 2024, is predicted to rise to $3.11 billion in 2025 with a compound annual growth rate (CAGR) of 5.7%.
The increase during the historic period can be credited to the automation in manufacturing and the emergence of Industry 4.

What Is The Expected Growth In The Industrial Ethernet Switch Market Size?

The industrial ethernet switch market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of the industrial ethernet switch is predicted to undergo significant growth, eventually expanding to $4.25 billion by 2029, with an 8.1% compound annual growth rate (CAGR). This expected increase within the forecast period can be credited to several factors such as the incorporation of 5G networks, the fast growth of edge computing, escalating concerns about cybersecurity, an upswing in remote monitoring and upkeep, and the continued expansion of IIoT. Furthermore, the forecast period is likely to see trends comprising the integration of time-sensitive networking (TSN), transitions to gigabit and 10-gigabit ethernet, enhanced security attributes, resilience in harsh environments, and remote supervision and observation.

What Are The Leading Drivers Of Growth In The Industrial Ethernet Switch Market?

The industrial ethernet switch market's development is projected to be driven by the increasing use of the Industrial Internet of Things (IoT). The Industrial Internet of Things (IIoT) essentially refers to the extension and implementation of the Internet of Things (IoT) for industrial purposes. The importance of industrial ethernet switches lies in their ability to support high-bandwidth or high-density industrial networking IoT solutions, making them indispensable components of business and industry networks worldwide. For example, according to Ericsson's September 2022 report, it is anticipated that nearly 60% of cellular IoT connections will be broadband IoT by 2028, with 4G being the primary connector. In 2022, there were 13.2 billion IoT connections worldwide, a number that is predicted to rise to 34.7 billion connections by 2028, demonstrating an 18% growth rate. Thus, the industrial Internet of Things' increasing adoption acts as a significant driver for the expansion of the industrial ethernet switch market.

What Are The Primary Segments In The Global Industrial Ethernet Switch Market?

The industrial ethernet switch market covered in this report is segmented –
1) By Type: Managed Industrial Ethernet Switches, Unmanaged Industrial Ethernet Switches
2) By Application: Smart Grid, Security And Surveillance, Intelligent Rail And Traffic
3) By Industry Vertical: Manufacturing, Electric And Power, Aerospace And Defense, Automotive And Transportation, Oil And Gas, Other Industry Verticals Subsegments:
1) By Managed Industrial Ethernet Switches: Layer 2 Managed Switches, Layer 3 Managed Switches, PoE (Power Over Ethernet) Managed Switches, Rack-Mount Managed Switches
2) By Unmanaged Industrial Ethernet Switches: Standard Unmanaged Switches, Compact Unmanaged Switches, DIN Rail Unmanaged Switches

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Which Key Trends Are Driving Changes In The Industrial Ethernet Switch Market?

Advancements in product technology is a significant growing trend in the industrial ethernet switch market. Companies leading the market are pioneering sophisticated products to maintain their dominance. For example, in May 2022, Westermo, a company based in Sweden specializing in industrial data communication products, introduced a 10-gigabit industrial Ethernet switch. This innovation was designed to meet the increasing need for bandwidth, enabling modern, extensive data communication networks to handle more data than ever before. The product incorporates the WeOS operating system, guaranteeing smooth operation and compatibility with an increasing range of protocols and features. Additionally, it simplifies installation, operation, and upkeep, helping to decrease complication.

Who Are the Key Players in the Industrial Ethernet Switch Market?

Major companies operating in the industrial ethernet switch market include:
• Huawei Technologies Co. Ltd.
• Siemens AG
• Cisco Systems Inc.
• Schneider Electric SE
• ABB Ltd.
• Rockwell Automation Inc.
• Omron Corp.
• Phoenix Contact GmbH & Co. KG
• Hirschmann (a Belden brand)
• Belden Inc.
• Advantech Co. Ltd.
• Hirschmann (a Belden brand)
• Extreme Networks Inc.
• Allied Telesis Inc.
• Moxa Inc.
• Beckhoff Automation GmbH & Co. KG
• 3onedata Co.
• Korenix Technology Co. Ltd.
• Weidmüller
• Westermo Network Technologies
• B&R Industrial Automation GmbH
• Harting Technologiegruppe

What Is The Most Dominant Region In The Industrial Ethernet Switch Market?

Asia-Pacific was the largest region in the global industrial ethernet switches market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial ethernet switch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.