Asia Pacific Industial Communication Market Trends

Statistics for the 2023 & 2024 Asia Pacific Industial Communication market trends, created by Mordor Intelligence™ Industry Reports. Asia Pacific Industial Communication trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Asia Pacific Industial Communication Industry

Automotive Industry to be the Largest End User

  • Asia-Pacific is among the largest automobile markets in terms of production and sales. Countries such as China, India, Japan, and South Korea are major automobile manufacturing hubs. As the penetration of advanced production solutions such as automation and robotics is relatively higher in the industry, the sector is anticipated to produce significant growth opportunities in the market.
  • According to the International Federation of Robotics, the automotive industry is among the leading adopters of industrial automation solutions, with an operational stock of over one million units and about one-third of the industrial robots installed across all industries.
  • Furthermore, according to IFR’s March 2023 report, the Asia-Pacific region is among the leading adopters of industrial robots in automotive applications, with countries such as South Korea, Japan, and China among the top five countries.
  • The manufacturing footprint of automobiles in the Asia-Pacific region is also anticipated to increase during the forecast period as the economic growth of several countries continues to drive the demand for automobiles. China is the leading automobile manufacturer globally. According to the China Association of Automobile Manufacturers (CAAM), in December 2023, monthly automobile production in China stood at 2,273 thousand passenger vehicles and 310 thousand commercial vehicles.
  • With the automobile sector witnessing an interesting shift in trend as the demand for electric vehicles continues to grow, the country is also establishing itself as the major manufacturing hub for electric vehicles. According to the East Asia Forum, in 2022, China produced about 60% of all EVs. The production of electric vehicles in the country is expected to grow to 8 million units or about 25% of all vehicles sold in the country.
  • As the automotive sector is among the leading adopters of industrial robots and automation technologies, such trends are anticipated to support the market's growth, as industrial communication systems are among the vital infrastructural requirements to support the automation infrastructure of any industry.
Asia-Pacific Industrial Communication Market: Monthly Automobile Production, In Thousand Units, China, 2023

China is Expected to Hold Significant Market Share

  • Industrial communication in China is growing significantly due to the growing number of industries in the country and their integration with automation to improve return on investment. China has the world's largest manufacturing industry, generating a significant share of the market demand. Manufacturing companies in the country focus on implementing 4.0 solutions to improve and enhance their operations, thus driving market growth.
  • China has established itself as the global manufacturing hub in the last few decades. Despite the recent slowdown, the industrial sector remains among the central pillars of China's economy. According to the National Bureau of Statistics of China, in 2023, industrial production in China was estimated to have witnessed a growth of 4.6%.
  • China remains the world's largest automobile market regarding production volume and annual sales. According to ITA, by 2025, domestic production is expected to reach 35 million vehicles. Central and local consumption promotion policies drive the country's automobile market. With the announcement of the sixth national implementation of the Kei car, automobile marketing activities are taking place in many places, and many new models of enterprises are entering the market.
  • According to the China Association of Automobile Manufacturers (CAAM), in June 2023, the production and sales of automobiles completed 2.561 million and 2.622 million units, respectively, with a month-on-month increase of 9.8% and 10.1%, and a year-on-year-increase of 2.5% and 4.8%, respectively. From January to June, the production and sales of automobiles were 13.248 million and 13.239 million, respectively, with year-on-year growth of 9.3% and 9.8%, respectively.
  • Furthermore, the country is also one of the leading electric vehicle landscapes, further driving opportunities in the market. From January 2023 to June 2023, the production and sales of new energy vehicles reached 3.788 million and 3.747 million, respectively, with year-on-year growth of 42.4% and 44.1% and a market share of 28.3%.
  • In addition, the growing production of oil and gas, metals, and mining in China could further stimulate the market demand. According to the Chinese Bureau of Statistics, the country produced about 17.28 million tons of crude oil in April 2023, showing an increase compared to the same month last year.
Asia-Pacific Industrial Communication Market: Growth Rate of Industrial Production, In Percentage (%), China, 2013-2023

Asia Pacific Industrial Communication Market Size, Share, Analysis & Trends (2024 - 2029)