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 ...
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...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
23/07/2026
Staines-upon-Thames, UK, 23rd, JULY, 2026 - Yospace, the trusted leader in Dynamic Ad Insertion (DAI), stitched 11.57 billion one-to-one addressable advertisem...
23/07/2026
Quickly creates reverse reverb effects
Low End Candy have recently released a new plug-in that offers a quick and simple way to create reverse reverb effect...
23/07/2026
New engines, resonators, effects & more
Expressive E's versatile soft synth has just been treated to an update that greatly expands its sonic range. Noi...
23/07/2026
SGL Carbon has further expanded its photovoltaic capacity at its Ort im Innkreis site in Austria. With the commissioning of new PV carports, the sites solar sys...
23/07/2026
Rohde & Schwarz presents new software for three-phase power analysis on MXO seri...
23/07/2026
In our latest blog, Laura Rognoni explores how the launch of Play Snooker reflects a wider shift in sports economics - from monetising peak broadcast audiences ...
23/07/2026
Download Now!
To receive a short case study showcasing Vivid Broadcast's audio setup, please enter the following details:
--
First Name* First Name ...
23/07/2026
X-Rite Pantone and Fashion Institute of Technology (FIT) Partner to Advance Digi...
23/07/2026
Thursday 23 July 2026
New Samsung Galaxy Foldable range available now to pre-order on Sky Mobile
Sky Mobile, the award-winning network voted this year by Expe...
23/07/2026
Thursday 23 July 2026
Jason Statham leads Sky Original action thriller MUTINY in explosive new trailerTurn on cookies to view this content. Go to Privacy optio...
23/07/2026
Wuppertal July 23, 2026
Riedel Implements RefCam and Easy5G for the First Time...
23/07/2026
RT Commercial has today announced Centra as the official food partner once again of The Traitors Ireland, coming to RT One and RT Player later this year.
Ce...
23/07/2026
RT Commercial today announced Honda as sponsor of Today with David McCullagh RT Radio 1, weekdays 9am 11am.
Broadcasting directly after Morning Ireland in ...
23/07/2026
RT News is pleased to announce Barry Gallagher has been assigned as the new journalist covering news from Cork, Kerry and the wider Southern region
Working al...
22/07/2026
Library now available in Engine Player
Another of Eduardo Tarilonte's popular sample libraries has just been moved over to Engine Audio's Engine Pla...
22/07/2026
All-in-one mic & DSP interface overhauled
Cloudvocal have just refreshed the design of their all-in-one mic, audio interface and DSP processor, introducing ...
22/07/2026
The final boss of the lost dual-op-amp circuit
Electro-Harmonix have just introduced the Deluxe Big Muff Pi 2, which they say offers their latest take on t...
22/07/2026
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
22/07/2026
A poisoned spy, a secret war, and a small English city contaminated by a deadly chemical weapon. Available on Sky Documentaries from 4 AugustWednesday 22 July 2...
22/07/2026
Audio at Parity: Comscore Launches Transcript-Level Targeting and Measurement wi...
22/07/2026
Arvato Systems and Lobster Enter into a Partnership and Combine the Integration Platform and Managed Services
Flexible integration solutions for cloud, hybrid...
22/07/2026
RT REPORTS NET SURPLUS OF 22.5 MILLION IN 2025...
22/07/2026
In the Opinion of the Censor airs Monday 27 July at 9.35pm on RT One and RT Player
In the Opinion of the Censor looks at how films for theatrical release wer...
21/07/2026
New research involving a cross-section of Mongolias independent media landscape finds enthusiasm for AI as a tool to improve efficiency, sustainability and resi...
21/07/2026
High-end analogue channel strip boasts plug-in recall
Originally revealed as a prototype back at NAMM 2024, the Channex Studio channel strip represented a b...
21/07/2026
Relies on same DSP as plug-in range
Musik Hack's line-up has been influenced heavily by founder Stan Greene's work as a mixing engineer, and their M...
21/07/2026
Official collaboration with boutique builder Dirty Boy Pedals
Warm Audio have just announced the launch of a new guitar pedal range created in collaboration...
21/07/2026
Rohde & Schwarz showcases broad range of EMC test solutions at EMC SIPI 2026 in ...
21/07/2026
X-Rite Pantone and NIFT Partner to Build Color Management Skills for India's...
21/07/2026
Harmonics cOS Virtualized Broadband Platform and Pearl Remote OLTs Enable Flexible PON Migration, While SeaStar Optical Node Powers Cost-Effective Multi-Gigabit...
21/07/2026
160 hours of Irish storytelling for 2026
KIN and The Walsh Sisters return
RT has today unveiled its most ambitious drama slate ever, with a record-breakin...
20/07/2026
Product range now readily available in the UK
Graph Tech Guitar Labs have just announced the launch of a new UK Online Store that makes it quicker and easie...
20/07/2026
Popular headset gains active noise cancellation
The Maxwell headet was Audeze's first foray into the gaming world, and thanks to its Dolby Atmos compati...
20/07/2026
Monday 20 July 2026
Sky brings free global roaming to millions of loyal custome...
20/07/2026
Red Seat Ventures Announces Introduction of Premium Creator and Podcast Communit...
20/07/2026
FIFA World Cup Final sets new RT Player record as the most-streamed single event in the platform's history
Over 1 million viewers watched live on RT 2 as ...
19/07/2026
Channel strip plug-in gets upgraded
Acustica Audio's vintage-inspired channel strip plug-in has just been treated to an update that expands its tonal ra...
18/07/2026
Captures nine sought-after Fender amps
IK Multimedia's latest TONEX expansion captures a selection of nine rare Brown Panel' Fender amps that were ...
18/07/2026
Latest batch ships alongside firmware update
Since being unveiled at Superbooth 2025, Frap Tools' debut polysynth has been met with widespread praise, a...
17/07/2026
Full engine access with reduced soundset
Sonuscore have steadily been introducing a selection of reduced-cost and free versions of their flagship products r...
17/07/2026
Two new special-edition models revealed
Over the past week, Arturia have launched special-edition versions of both their premium MIDI controller and stage p...
17/07/2026
Original founder now back at the helm
In a message posted on his personal social media accounts, Dirk Ulrich has announced that both Plugin Alliance and Bra...
17/07/2026
From intimate acoustic settings to large-scale festival stages, her focus has remained constant: preserving the true natural voice of the violin in every perfor...
17/07/2026
New and returning series, live festival broadcasts, powerful documentaries and major sporting moments headline RT Radio 1's summer schedule
RT Radio 1 is...
17/07/2026
Up For The Match - Live From Croke Park this Saturday at 8pm on RT One and RT ...
Annual Analysis Reveals Steady Growth in Industrial Network Market 17 Jun 2024 at 22:00 
