Annual Analysis Reveals Steady Growth in Industrial Network Market 17 Jun 2024 at 22:00
By Magnus Jansson
Technical News
HMS
Industrial network market shares 2024 according to HMS Networks
Every year, HMS Networks conducts a comprehensive analysis of the industrial network market, aiming to estimate the distribution of new connected nodes by type and protocol within factory automation. The latest study indicates that the industrial network market continues to expand, with an anticipated 7% growth in 2024. Notably, Industrial Ethernet remains the dominant player, representing a substantial 71% of all newly installed nodes (compared to 68% last year). Meanwhile, fieldbuses have declined to 22% (from 24%), and wireless technologies have seen a slight dip from 8% to 7%. Among the top contenders, PROFINET account for 23% of newly installed nodes, followed closely by EtherNet/IP at 21%, and EtherCAT now stands at 16%.
Market shares 2024 according to HMS Networks - fieldbus, industrial Ethernet and wireless.
Each year, HMS Networks presents their analysis of the industrial network market, focusing on newly installed nodes within factory automation globally. As an independent supplier of solutions within Industrial ICT (Information and Communication Technology), HMS has substantial insight into the industrial network market. The 2024 study includes estimated market shares and growth rates for fieldbuses, industrial Ethernet, and wireless technologies.
In the 2024 study, HMS concludes that the industrial network market continues to grow, with total market growth in 2024 expected to be +7%, confirming the continued importance of network connectivity in factories.
Industrial Ethernet Shows Steady Growth
Growing by 12%, Industrial Ethernet accelerates its growth and continues to capture market share. Industrial Ethernet now accounts for 71% of the global market for newly installed nodes in factory automation (compared to 68% last year). PROFINET is the largest protocol, with a market share of 23%, surpassing EtherNet/IP, which accounts for 21% of new nodes. The popularity of EtherCAT remains strong and is now securely in third place with a 16% market share.
Fieldbuses Experience Expected Decline Traditional serial fieldbus installations continue to lose momentum. While fieldbus installations still constitute a significant portion of new nodes added, annual growth is expected to drop by -2% in 2024. PROFIBUS leads the fieldbus rankings with a 7% market share, followed by an even distribution among other well-known fieldbus protocols.
Together, fieldbuses account for 22% of the market in 2024. Despite the decline in new fieldbus nodes, many devices, machines, and factories will continue to rely on these well-functioning and proven fieldbuses for years to come.
Wireless Technologies Maintain Steady Presence Wireless technologies have seen steady growth in recent years, although the pace of growth is now reported to have slightly decreased. Wireless solutions still comprise a robust 7% of the total share by type. The market continues to introduce more products with support for industrial wireless, and acceptance of wireless solutions in factory settings is on the rise. Typical use cases include cable replacement applications, wireless machine access, and connectivity to mobile industrial equipment.
Industrial networking is key for productivity and sustainability in manufacturing
Connectivity is now standard in factory automation, with Industrial Ethernet leading the way. However, as we look ahead, we anticipate a dynamic landscape with emerging trends and technologies. While Industrial Ethernet currently dominates, we'll witness exciting changes and innovations that will shape the future of industrial networking. - Magnus Jansson, Product Marketing Director at HMS Networks, Business Unit Anybus.
Scope: The study includes HMS' estimation for 2024 based on number of new installed nodes within Factory Automation. A node is defined as a machine or device connected to an industrial field network. The presented figures represent HMS' consolidated view, considering insights from colleagues in the industry, our own sales statistics and overall perception of the market.
Magnus Jansson, Product Marketing Director, HMS Networks, Business Unit Anybus.
All news
Europe Stories
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
09/10/2026
September 10 2026, 06:00 (PDT) Dolby Expands Dolby OptiView Platform with New Capabilities at IBC 2026
New Sports Intelligence helps providers better unders...
07/10/2026
Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...
01/10/2026
Third collaboration with celebrated composer
Spitfire Audio have once again teamed up with Grammy-nominated composer, producer and technologist BT, creating...
01/10/2026
FL Studio gets dedicated grid controller
Novation have teamed up with FL Studio developers Image-Line to create another dedicated controller for the popular...
01/10/2026
Six new USB interfaces introduced
Universal Audio's USB audio interface line-up has just been refreshed, gaining six new models aimed at musicians, prod...
01/10/2026
Siretta's SNYPER-5G cellular network analyser has been shortlisted for the IoT Global Awards 2026.
The IoT Global Awards recognise products, services and o...
01/10/2026
Mesh Broadcast Services Fits Big-Truck Audio Power into Compact Eclipse Unit with Calrec Argo M Canadian OB company Mesh Broadcast Services has fitted its Eclip...
01/10/2026
X-Rite Pantone Launches Spectura to Advance Connected Color Quality from Lab to ...
01/10/2026
Thursday 1 October 2026
Nominees revealed for 2026 Sky Arts Awards
Current slide, 0 0, undefined1
0
Irish National Opera and Jennifer Walshe: MARS
Jacob Al...
01/10/2026
Vital TV antenna replaced at SudburyHelicopter and broadcast engineers work together to upgrade TV services for 1.5M in the East
--
Share to Linkedin
Octobe...
01/10/2026
Arqiva appoints Simon Duffy as ChairSimon Duffy joins as Chair effective 01 October 2026
--
Share to Linkedin
October 1, 2026
Press Office
01 October 2026...
01/10/2026
Season 4 of the multi-award-winning hit entertainment series The 2 Johnnies Late Night Lock In is back, serving up another round of unpredictable laughs, unforg...
01/10/2026
New season begins Sunday, 4 October at 6pm on RT lyric fm and RT Listen
RT lyric fm's arts and culture documentary series The Lyric Feature returns on S...
01/10/2026
RT is proud to continue its commitment to supporting and celebrating the arts across Ireland this October, highlighting a vibrant programme of theatre, music, ...
30/09/2026
Add an envelope generator to any plug-in
Sync Audio's latest creation is a handy utility plug-in that can be used to combine and modulate other effects ...
30/09/2026
All-analogue tape-style drive joins Series A
Strymon's reputation was built on their digital knowhow, so many were surprised (and intrigued) when they a...
30/09/2026
Two new expansion packs released
Sonuscore have just introduced two new expansion packs for The Pulse, its production engine instrument for modern cinematic...
30/09/2026
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({...
30/09/2026
New Solution Expands Harmonic's Network Intelligence Portfolio and Brings Comcast-Developed Fiber Monitoring Technology to Broadband Operators, Providing Re...
30/09/2026
How to Shop Well Now starts Monday at 9.35pm
on RT One and RT Player
On the...
29/09/2026
Two new plug-ins launch alongside updated bundles
Zynaptiq have just announced the launch of two new plug-ins, alongside new and improved versions of two of...
29/09/2026
All-in-one bus processor revealed
Wes Audio's ng product range has come a long way since it was first introduced, and now includes a tasty selection of ...
29/09/2026
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
29/09/2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED STATES OF AMERICA, ITS TERRITO...
29/09/2026
We tend to think we live in a digital world, with hopes and fears around artificial intelligence (AI), quantum computing, data centres and the next big technolo...
29/09/2026
Today, in partnership with the American Academy of Pediatrics (AAP), Apple relea...
29/09/2026
Final Cut Camera, the professional filming app for iPhone, receives a major upda...
29/09/2026
RT lyric fm is proud to announce the annual Choirs for Christmas competition callout. Warm up those vocal chords and join us on RT lyric fm for a celebration ...
28/09/2026
EQ plug-in can now be played via MIDI
Scaler Music have recently released a new and improved version of their patented musical EQ plug-in, kitting it out wi...
28/09/2026
New synth developed in collaboration with philterSoup
Boutique effects pedal and Eurorack manufacturer Animal Factory Amps have announced that the new compa...
28/09/2026
Rohde & Schwarz adds an integrated multi-channel pulse analysis option to its FS...
28/09/2026
Monday 28 September 2026
Sky launches Full Fibre 1.6 Gbps for millions of homes
Sky has launched a new Full Fibre 1.6 Gbps product, rolling out from today, gi...
28/09/2026
Arvato Systems Highlights It's Role for Automotive Manufacturers and Suppliers
TISAX
Arvato Systems has successfully completed the TISAX Level 3 assess...
28/09/2026
Crimecall, presented by Carla O'Brien, returns tonight for a brand new series at 9.35pm on RT One and RT Player.
In tonight's episode, alongside appe...
28/09/2026
CELEBRATING 40 YEARS AT THE HEART OF NEW IRISH WRITING
LIVE FROM POETRY IRELAND, DUBLIN AND ON RT RADIO 1 FROM 7PM
DETAILS: www.rte.ie/writing | FOLLOW: #r...
27/09/2026
New compact pedal packs in 120 effects
The latest multi-effects pedal from Boss is a compact unit that promises to give any pedalboard a massive boost in s...
26/09/2026
Launched alongside three new expansion packs
In celebration of their 30th anniversary, Native Instruments have released a major update for their Maschine 3 ...
25/09/2026
Algorithm update & new DVA vibrato-detection engine
A new flagship version of Antares' iconic pitch-correction software has arrived, and along with a co...
25/09/2026
New flagship unit to arrive in early 2027
Two notes Audio Engineering have revealed that a new and improved version of their hugely popular reactive load bo...
25/09/2026
AI-free mixing tool gets an upgrade
Launched in October 2025, Tim Exiles Finalist is an algorithmic mixing tool that's been designed for those who don&#...
25/09/2026
Rohde & Schwarz Mobile Test Summit 2026 puts the spotlight on 6G - registrations...
25/09/2026
In our latest blog, Tim Pearson reflects on IBC 2026 and considers the main learnings against an industry that saw AI finally coming out of the labs and into pr...
25/09/2026
Friday 25 September 2026
How to watch an unmissable weekend of women's football on Sky Sports and NOW
Sky Sports and NOW will broadcast seven live games f...
25/09/2026
Friday 25 September 2026
YAGA trailer released, coming exclusively to Sky and N...
25/09/2026
Watch this space: a new strategic direction for UK media. Arqiva has submitted its response to the Governments Green Paper on the future of television distribut...
25/09/2026
Want to be part of this year's Late Late Toy Show?
Final call for applications in search for this year's stars
The most wonderful night of the year is...
24/09/2026
The next generation of multitrack recording for live sound
The latest version of Waves' dedicated live multitrack recording software delivers an array ...
24/09/2026
An idea machine for musicians
Described as an idea machine for musicians , the latest addition to Polyend's growing collection of guitar pedals combin...
Annual Analysis Reveals Steady Growth in Industrial Network Market 17 Jun 2024 at 22:00 
