NEW YORK, Aug. 7, 2024 /PRNewswire/ -- The
global industrial multiprotocol gateways market size is
estimated to grow by USD 230.5
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of over 11.22% during the forecast
period. Growing prominence of iot gateways is driving market
growth, with a trend towards development of
system-on-chip for multiprotocol communication. However, barriers
created owing to traditional mechanisms poses a challenge. Key
market players include ABB Ltd., Advantech Co. Ltd., Artila
Electronics Co. Ltd, Atop Technologies, Cisco Systems Inc., HMS
Networks AB, Honeywell International Inc., Intel Corp.,
International Business Machines Corp., Kessler Ellis Products,
Larsen and Toubro Ltd., Moxa Inc., MSA Safety Inc., Multi Tech
Systems Inc., Novus International Inc., Pepperl and Fuchs SE,
Samsara Inc., San Telequip Pvt. Ltd., Softing AG, and SWYCS.
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Industrial
Multiprotocol Gateways Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
11.22%
|
Market growth
2024-2028
|
USD 230.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.8
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
34%
|
Key
countries
|
US, China, Germany, UK,
and Japan
|
Key companies
profiled
|
ABB Ltd., Advantech Co.
Ltd., Artila Electronics Co. Ltd, Atop Technologies, Cisco Systems
Inc., HMS Networks AB, Honeywell International Inc., Intel Corp.,
International Business Machines Corp., Kessler Ellis Products,
Larsen and Toubro Ltd., Moxa Inc., MSA Safety Inc., Multi Tech
Systems Inc., Novus International Inc., Pepperl and Fuchs SE,
Samsara Inc., San Telequip Pvt. Ltd., Softing AG, and
SWYCS
|
Market Driver
Providers of chips and modules are simplifying industrial
communication by offering System-On-Chip solutions that support
multiple wireless standards. These highly integrated devices can
handle sub-gigahertz proprietary frequencies and standards-based
protocols in the 2.9.4-GHz band. Texas Instruments' Sitara AMIC110
is a multiprotocol industrial communication processor, supporting
over ten industrial Ethernet and Fieldbus communication standards.
It offers design versatility with its unified software platform,
Processor SDK, and industrial communications subsystem (PRU-ICSS).
This chip enables developers to convert non-networked designs into
networked systems by adding industrial Ethernet, supporting
protocols like EtherCAT, PROFINET, Ethernet/IP, PROFIBUS master and
slave, HSR, PRP, POWERLINK, SERCOS III, CANopen, and more. The
development of System-On-Chip for multiprotocol communication is
expected to fuel the growth of the global industrial multiprotocol
gateways market.
Industrial Multiprotocol Gateways are in high demand in today's
automation-driven manufacturing industry. These devices enable
seamless communication between various sensors and equipment using
different protocols such as PROFINET, BT, LoRa, SERCOS, Ethernet
Powerlink, Ether CAT, Wi-Fi, ICMP, UDC, TCP, and more. With the
increasing use of IoT technology in manufacturing, these gateways
play a crucial role in real-time process adjustments and product
optimization. The process and discrete industries benefit from
remote-monitoring and preventive maintenance, reducing downtime and
increasing efficiency. However, challenges like latency and network
bandwidth limitations require advanced filtration and visualization
of data for complex analytics. Cloud integration and System-on-chip
multiprotocol gateways are trends to watch out for, enabling easier
integration into the IoT ecosystem. Equipment and machinery
communication is simplified with these gateways, supporting
protocols like HDLC, IP, MAC, ARP, TC, and ICMP. As the industry
moves towards Industry 4.0, the importance of multiprotocol
gateways in automation and communication link management cannot be
overstated.
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Market Challenges
- The industrial sector's growing energy demands, driven by
economic development, necessitate the use of energy management
software such as SCADA and DCIM. For power monitoring applications,
converting Modbus TCP to Modbus RTU/ASCII protocols is essential.
Modbus gateways facilitate this conversion for large-scale power
monitoring devices. However, the traditional round-robin polling
mechanism used in transparent mode communications can lead to
latency and bandwidth wastage in large networks. Interoperability
is another challenge, as gateways may use specific protocols,
making it difficult to migrate to new ones without potential
functionality issues. These factors may hinder the growth of the
global industrial multiprotocol gateways market during the forecast
period.
- Industrial Multiprotocol Gateways are essential for seamless
communication between various industrial devices and systems.
However, challenges persist in this area, such as ensuring reliable
communication links over different protocols like HDLC, IP, MAC,
ARP, and TCP. The rise of cloud technology brings new opportunities
but also complications, including cloud storage capacity and
security. In the automation industry, equipment and machinery
require IoT gateways for smart systems and industrial automation.
These gateways must support multiple radios for connectivity,
handle data flow efficiently, and offer filtration and
visualization of data for complex analytics. Major players in the
market include Nordic Semiconductor, offering system-on-chip
multiprotocol gateways. These gateways cater to commercial and
industrial applications, enabling Ethernet, USB 2.0 Interface, SPI,
UART, and other interfaces. Smart homes, retail, and process plants
benefit from these gateways, which facilitate connected
intelligence for alerts, inventory levels, and theft prevention.
Multi-radio connectivity and networking infrastructure are crucial
for wireless sensing technologies. Operators in the automation
industry must consider the challenges of data flow, cloud memory,
and compatibility with platforms like Android and iOS. Companies
like Nordic Semiconductor provide solutions for smart industrial
automation, ensuring seamless integration with various systems and
devices.
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Segment Overview
This industrial multiprotocol gateways market report extensively
covers market segmentation by
- Application
- 1.1 Remote monitoring
- 1.2 Product optimization
- 1.3 Preventive maintenance
- End-user
- 2.1 Process industries
- 2.2 Discrete industries
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Remote monitoring- The remote monitoring segment is a
significant part of the industrial multiprotocol gateways market.
This segment focuses on creating software applications that enable
real-time monitoring and control of industrial networks from a
distance. Companies develop applications that ensure smooth
connectivity and communication between industrial devices and
gateways, allowing users to monitor their industrial processes
remotely. These applications employ cloud computing, IoT, and data
analytics to gather data from sensors, machines, and other
connected devices. By using remote monitoring applications,
businesses can obtain crucial insights into their industrial
networks' performance, efficiency, and health in real time. Key
parameters, such as temperature, pressure, and flow rate, can be
monitored, ensuring optimal operation and early identification of
potential issues or anomalies. These applications offer
user-friendly dashboards, customizable alerts, data logging, and
reporting capabilities. Instant notifications are sent when
deviations occur, enabling prompt responses and preventive actions.
Additionally, remote configuration and troubleshooting are
supported, enabling technicians to address issues without visiting
the industrial site. These advantages are anticipated to fuel the
expansion of the remote monitoring segment in the global industrial
multiprotocol gateways market.
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The Global Industrial IoT Gateway Market is experiencing
significant growth due to advancements in connectivity solutions
and the rising adoption of IoT across industries. These gateways
facilitate seamless data flow between devices and cloud platforms,
enhancing operational efficiency. Meanwhile, the Global
Agricultural Tractors Market is expanding, driven by increasing
mechanization in agriculture and technological innovations in
tractor design. Key players are focusing on sustainability and
precision farming techniques to boost productivity. Both markets
are witnessing robust investment and innovation, paving the way for
future advancements.
Research Analysis
The Industrial Multiprotocol Gateways market encompasses
communication solutions that enable seamless data transfer between
various industrial protocols and networking technologies. These
gateways support multiple communication links such as HDLC, IP,
MAC, ARP, TC, and others, ensuring interoperability between
different plants and systems. With the advent of IoT technology,
these gateways are increasingly being used to filter and visualize
data from wireless sensing technologies like Wi-Fi, Ethernet
Powerlink, and Ether CAT. Cloud integration enables remote
monitoring and connected intelligence, providing real-time alerts
for potential issues, including theft prevention. System-on-chip
technology and advanced networking infrastructure enhance the
efficiency and reliability of these gateways. TCP, UDP, ICMP, and
other protocols ensure smooth data transfer, while Wi-Fi and
Ethernet provide wireless connectivity options. Overall, industrial
multiprotocol gateways play a crucial role in optimizing industrial
automation and IoT applications.
Market Research Overview
The Industrial Multiprotocol Gateways market is a dynamic and
growing sector, focusing on seamless communication between various
industrial protocols and emerging technologies. These gateways
facilitate the integration of different communication links, such
as HDLC, IP, MAC, ARP, and TCP, enabling interoperability between
diverse systems. The market is witnessing a significant shift
towards cloud-based solutions, with IoT gateways playing a pivotal
role in connecting equipment and machinery to the Internet of
Things (IoT). This results in real-time data flow, visualization,
complex analytics, and automation in industries like automation,
manufacturing, and process plants. System-on-chip multiprotocol
gateways are gaining popularity due to their compact size, low
power consumption, and multi-radio connectivity. IoT technology and
the IoT ecosystem are essential components, offering features like
cloud storage capacity, Android, and iOS compatibility, and
wireless sensing technologies. The market caters to commercial and
industrial applications, including smart systems, smart homes,
smart retail, and smart industrial automation. Applications range
from simple data flow and remote monitoring to product
optimization, preventive maintenance, and real-time process
adjustments. Industrial multiprotocol gateways support various
industrial protocols like PROFINET, BT, LoRa, SERCOS, Ethernet
Powerlink, Ether CAT, Wi-Fi, ICMP, UDC, and TCP/IP. They cater to
various industries, including process and discrete industries, and
offer features like low latency, high network bandwidth, and
connected intelligence for theft prevention, inventory level
monitoring, and alerts. Near-field communication and UART, SPI, and
USB 2.0 interfaces are also supported, ensuring comprehensive
connectivity and data filtration. The market continues to evolve,
with ongoing advancements in networking infrastructure and the
integration of advanced technologies like NFC, Wi-Fi, and
Bluetooth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Remote Monitoring
- Product Optimization
- Preventive Maintenance
- End-user
-
- Process Industries
- Discrete Industries
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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Email: media@technavio.com
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