Industrial connectivity market seen topping $75B by 2030

The Business Research Company says the global industrial connectivity market is headed for rapid growth, with demand driven by industrial automation, IIoT and unified connectivity across terrestrial and satellite networks. North America is projected to lead the market, while hardware remains the biggest revenue segment.

Why it matters: - Industrial connectivity is becoming core infrastructure for factories, utilities and transport networks that need real-time data, low-latency communication and stronger cybersecurity. - The market’s growth reflects wider investment in smart manufacturing, edge computing and connected industrial operations. - Unified IoT connectivity is also broadening how industrial devices stay online across terrestrial and satellite networks.

What happened: - The Business Research Company published its Industrial Connectivity Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The report projects the industrial connectivity market will top $75 billion by 2030. - The market is forecast to grow at a 6% compound annual growth rate through 2030. - The report points to an October 2025 partnership between Semtech Corporation and Skylo Technologies, Inc. as an example of the shift toward unified IoT connectivity.

The details: - The industrial connectivity market is expected to represent close to 0.5% of the wider information technology sector by 2030, when that sector is projected to reach $13,788 billion. - North America is projected to reach $25 billion in industrial connectivity revenue by 2030, up from $20 billion in 2025, at a 5% CAGR. - The United States is expected to be the largest single market in the region, reaching $22 billion by 2030 from $18 billion in 2025, also at a 5% CAGR. - Hardware is forecast to be the largest component segment, accounting for 49% of the market, or about $36 billion, in 2030. - The hardware growth outlook is tied to industrial switches, routers, gateways and communication modules, along with replacement of older equipment. - The market is segmented by technology, network type, deployment model and end use, including manufacturing, automotive, energy and utilities, oil and gas, transportation and healthcare. - The report says hardware, software and services together will add more than $19 billion to market value between 2025 and 2030. - Hardware alone is expected to add $7 billion in that period, supported by Time-Sensitive Networking, deterministic communication, industrial protocols and predictive maintenance demand.

Between the lines: - Industrial automation and smart manufacturing are the main demand drivers because they connect machines, robots, sensors and control systems for monitoring and predictive maintenance. - IIoT deployment is expanding the market by helping facilities collect and analyze operational data in real time. - Real-time monitoring and predictive maintenance are reducing downtime and maintenance costs, which makes connectivity spending easier to justify. - The market remains moderately fragmented, with the top 10 vendors accounting for 22% of revenue in 2025. - Competitive pressure is rising around interoperability, cybersecurity, edge computing and AI-driven network automation. - Cisco Systems Inc. held the largest global market share in 2025 at 4%.

What's next: - North American growth is likely to continue as manufacturers and infrastructure operators expand industrial Ethernet and private wireless networks. - More vendor competition is likely as companies push integrated platforms, managed connectivity and device-to-cloud solutions. - Strategic partnerships should remain a key way to speed deployment across industrial networks. - The report’s 2026 edition adds market attractiveness scoring, TAM analysis, company scoring matrices, forecasting dashboards and updated graphics.

The bottom line: - Industrial connectivity is moving from a support function to a strategic layer for industrial digitization, with hardware, automation and unified IoT networks driving the next phase of growth. - More information - The detailed market report