Communication Interface Market Size, Global Trends, Latest Techniques, Key Segments and Geography Forecasts Till 2028

According to the new research report published by The Insight Partners on "Communications Interface Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (1-Port, 2-Port, and Others), Mode of Communication [Wired (Ethernet, USB, RS-232/RS-485, and Others) and Wireless & Hybrid], and Application (Industrial Monitoring, Battery Monitoring System, Remote Sensors Communication, Railway Signaling System, Machine to Machine Communication, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The communications interface market is expected to grow from US$ 6,228.27 million in 2022 to US$ 10,388.04 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2022 to 2028.

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The increasing adoption of technologies across industries and growing awareness regarding its benefits among small & medium factories across North America are driving the adoption of automation. North America has become a pioneer in adopting advanced technologies over the last decade. The increasing adoption of automation in the North American industrial sector is reducing manufacturing and assembling time and overall year-on-year operation costs.

Europe's focus on the digital industrial revolution, i.e., Industry 4.0, is aiding in enhancing manufacturing capabilities across the region. This factor is bolstering the adoption of several automated technologies such as AI, robotics, and IoT devices across Europe. Over the years, the installation of robots has grown across industries in Europe. The region represented an operation stock of 580,000 units in 2019, according to World Robotics 2020 Report. Germany is the largest adopter of robots in Europe, followed by Italy, France, and the UK. The increasing adoption of robots across European industries is fueling the production of robots by manufacturers such as ABB Ltd, Denso Corporation, and KUKA Robotics. This factor propels the demand for robotic components, including PLC and DCS systems. Thus, the rise in demand for PLC and DSC in Europe boosts the need for a communication interface as it is a vital component to transfer efficient information from one node to the other. These factors are contributing to the growth of the communications interface market in Europe. The presence of several communications interface industry players such as ABB Ltd, Eaton Corp Plc, PR Electronics AS, Socomec Holding SA, and NXP Semiconductors NV is propelling the communications interface market growth in Europe.

The UK is a prominent adopter of automated solutions across industries in Europe. Over the years, the country has experienced a rise in adoption of IoT devices and robots across major manufacturing industries. The industrial robot installations increased by 8% in 2020 compared to 2019. The automotive industry in the UK is the largest user of industrial robots, with sales rising by 16% to 875 machines during 2020 for this sector, representing 40% of all industrial robot installed across UK in 2020. The food & beverage industry also doubled its installations from 155 units in 2019 to 304 units in 2020. Moreover, the UK government is also supporting the automation adoption across the country through its Made Smarter Initiative since 2018. The program is designed to aid SMEs in adopting technologies such as artificial intelligence (AI), 3D printing robotics, and virtual reality. These factors are further expected to drive the demand for communication interface devices.

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The report includes the segmentation of the global Communication Interface market as follows:

Based on application, the communications interface market is segmented into industrial networking, battery monitoring system, remote sensors communication, railway signaling system, machine to machine communication, and others. The machine to machine communication segment is expected to register the highest CAGR during the forecast period. Communication interface in machine to machine communications facilitates ubiquitous communications where numerous intelligent devices such as sensors, machines, and hardware connected by wired or wireless links interact without direct human intervention. Machine to machine communication is increasingly used in smart grids, e-healthcare, home area networks, intelligent transportation systems, environmental monitoring, smart cities, and industrial automation. It is one of the fastest-growing technologies to connect millions of devices within a single network. Such growth prospects generated the need for communication interfaces for machine to machine communications, which augments the growth of the global communications interface market size in the machine to machine communication segment.

The global communications interface market size is segmented by on the basis of product, mode of communication, application, and geography. Based on product, the communications interface industry is segmented into 1-Port, 2-Port, and others. Based on mode of communication, the market is bifurcated into wired and wireless & hybrid. Based on market, the communications interface market is segmented into industrial networking, battery monitoring system, remote sensors communication., railway signalling system, machine to machine communication, and others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM)

The List of Companies - Communication Interfaces Market

ABB Ltd., Eaton Corp Plc, Honeywell International Inc, Omron Corp, and Rockwell Automation Inc are among the key communications interface market players operating across the globe.

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