Market Size - ODVA standard CIP (Common Industrial Protocol)
Based on publicly available data, portions of the requirements were answered while for others, the information could not be retrieved. A Markets and Markets report indicated that the global market size for CIP industrial communication components in 2018 was $24.1 billion and is anticipated to reach $40.9 billion by 2023. Uncovering the details presented in the next section included both researching pre-compiled information and using that information to triangulate other findings. Unfortunately, details regarding the annual sales and number of devices sold that were equipped with CIP could not be found; moreover, they could not be assumed to be equivalent to market size.
The search commenced by first examining the annual sales and number of devices sold that are equipped with CIP. On that line, we searched through various market research reports that are known to feature information on market sizes and annual sales for different industries. Luckily, we managed to retrieve information concerning the global market size of the industrial communications market, which is separated into industrial Ethernet, Fieldbus, and wireless. We found that DeviceNet, CompoNet, and ControlNet are all Fieldbuses.
Next, using the data we found, we proceeded to triangulate the market size using the 10% for ‘other Fieldbuses’ as a proxy and the market size of the industrial Ethernet market in 2018 quoted at $83.2 billion and estimated at $141 billion by 2023. Due to the lack of accurate information on the subject, we made a couple of assumptions before triangulating the market size for ODVA standard CIP (Common Industrial Protocol). First, we assumed that since CompoNet and ControlNet are Fieldbuses, they most likely fall under the market share of ‘other Fieldbuses comprising around 10% of the total market size.
- Triangulation 1
10% × $83.2 billion = $8.32 billion in 2018. Therefore, the market size for CompNet and ControlNet in 2018 was estimated at $8.32 billion.
- Triangulation 2
10% × $141.0 billion = $14.1 billion in 2023. Thus, the estimated market size for CompNet and ControlNet in 20123 would be $14.1 billion.
- Triangulation 3
4% DeviceNet market share × $83.2 billion = $3.3 billion in 2018. Thus, the estimated market size for DeviceNet in 2018 was $3.3 billion.
- Triangulation 4
4% DeviceNet market share × $141.0 billion = $5.6 billion in 2023. Thus, the estimated market size for DeviceNet in 2023 would be $5.6 billion.
- Triangulation 5
15% Ethernet/IP market share × $83.2 billion = $12.5 billion in 2018. Thus, in 2018, the market size for Ethernet/IP was estimated at $12.5 billion.
- Triangulation 6
15% Ethernet/IP market share × $141.0 billion = $21.1 billion in 2023. Thus, in 2023, the market size for Ethernet/IP would be $21.1 billion.
- Triangulation 7
The sum of all CIP market sizes:
10% — CompoNet and ControlNet + 4% (DeviceNet + 15% (Ethernet/IP) = 29% of the total market size of CIP
29% × $83.2 billion = $24.1 billion in 2018
29% × $141.0 billion = $40.9 billion in 2023
WHAT WAS NOT FOUND
Unfortunately, based on public information, details regarding the annual sales and number of devices sold with CIP could not be determined, since they were not taken to be equivalent to market size. In retrieving the data, we added two additional search strategies besides the first one that led to the findings used to triangulate the market size for ODVA standard CIP (Common Industrial Protocol).
Therefore, after failing to find the details from market and business intelligence reports such as Markets and Markets and Market Watch, we proceeded to thoroughly check the ODVA's websites because they have a marketplace for devices that use CIP networks and may track items sold through their marketplace; however, no information was found.
Third, we searched through the specific companies involved in the same line of business such as HMS Networks, Rockwell Automation and Siemens, specifically their annual revenues reports for any details on devices sales relating to DeviceNet, CompoNet, ControlNet, and Ethernet/IP with the intent of finding any helpful data that could guarantee triangulations. Unluckily, we found no useful data that could support triangulating or hint at the total number of devices sold that are equipped with CPP.
Overall, this data is most likely not available because this industry is highly technical and consists of a variety of devices that use these networks. Tracking purchases for these devices is hard because there are many places for purchasing such as ODVA's marketplace and through each company that develops the devices.
According to public data, the industrial communication market grows at a compounded annual growth rate (CAGR) of 11.14%. It is expected to grow with that CAGR from $83.2 billion in 2018 to $141.0 billion in 2023. Besides, the growing industrial automation is primarily driven by IoT and M2M. The demand for more advanced manufacturing centers in consumer electronics and automobiles are facilitating the large growth opportunities in the Asia-Pacific (APAC) market. In the HMS Industrial Network's annual global study, it was noted that industrial Ethernet represents 52% of new installed nodes in 2018 (compared to 46% from 2017), Fieldbus represents 42% (compared to 48% from 2017), and Wireless represents 6% (compared to 6% from 2017).
A report by HMS Networks that owns Anybus Edge indicated that industrial Ethernet, Fieldbus, and wireless have global annual growth rates of 22%, 6%, and 32% respectively. The report further asserted that Ethernet/IP holds the biggest market share at 15%; DeviceNet at 4%; and other ‘Other Ethernet’ segment hold 10% of the market. Overall, the common Fieldbus is PROFIBUS, that encompasses 12% of the total global market.
EtherNet/IP, DeviceNet, ControlNet, and CompoNet are ODVA's four networks under the Common Industrial Protocol (CIP). DeviceNet is "when a CIP is deployed over a controller area network" (CAN); ControlNet is when a CIP is deployed over a dedicated network, and CompoNet is an "H1 Fieldbus." Fieldbus, on the other hand, is a description for a group of protocols such as ControlNet, Modbus, Profibus, EtherCAT, HART, and CIP.