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Analog Devices Inc (ADI) Q2 2021 Earnings Call Transcript

Operator
Good morning, and welcome to the Analog Devices Second Quarter Fiscal Year 2021 Earnings Conference Call, which is being audio webcast via telephone and over the web.
I d now like to introduce your host for today s call, Mr. Michael Lucarelli, Senior Director of Investor Relations. Sir, the floor is yours.
Michael Lucarelli
Senior Director of Investor Relations
Thank you, Cheryl, and good morning, everybody. Thanks for joining our second quarter of fiscal 2021 call.
With me on the call today are ADI s CEO, Vincent Roche; and ADI s CFO, Prashanth Mahendra-Rajah. For anyone who missed the release, you can find it and relating financial schedules at investor.analog.com. ....

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Industrial Ethernet Market With COVID-19 Impact Analysis by Offering, Protocol, End-use Industry and Region

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ResearchAndMarkets.com s offering.
The industrial ethernet market was valued at USD 9.2 billion in 2020 and is projected to reach USD 13.7 billion by 2026. It is expected to grow at a CAGR of 7.3% during the forecast period.
The growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote the adoption of industrial automation, and the growing popularity of smart automobiles are contributing to the growth of the industrial ethernet market. The rising adoption of 5G to act as a growth opportunity for the market players.
Based on the offering, hardware to account the largest share during 2021-2026. ....

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