Welcome to TechLens™

TechLens™ is your monthly newsletter illuminating the dynamic landscape of one of our focus areas: this month, we focus on the Industrial Internet of Things (IIoT). Crafted for technophiles and curious readers, this newsletter unveils the elegance and ambition driving our transformative sectors, highlighting our opinions on possible opportunities for growth and their estimated economic impact.

Advanced Industrial IoT technologies shaping the future of manufacturing

Surge in Industrial Ethernet Dominance

Industrial Ethernet has solidified its reign, now commanding 68% of newly installed nodes in factory automation worldwide, according to HMS Networks' Industrial Network Market Shares report. This shift, propelled by the need for seamless, high-speed data transfer in smart factories, underscores the transition from legacy fieldbus systems to Ethernet-based protocols. This trend enhances real-time analytics and machine interoperability, which is critical for Industry 4.0.

Market Growth Projections for IIoT

Clearview Market Insights projects the global IIoT market to soar from USD 289 billion in 2024 to USD 847 billion by 2031, achieving a compound annual growth rate (CAGR) of 16.6%. This growth is fueled by automation, AI integration, and 5G adoption, which enable predictive maintenance and optimized production. The report highlights Asia-Pacific, particularly China and Japan, as the fastest-growing regions due to robust R&D and demand across the electronics, healthcare, and automotive sectors.