RS232/RS422/RS485 Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

RS232/RS422/RS485 Market Size
According to new survey, global RS232/RS422/RS485 market is projected to reach US$ 319.8 million in 2029, increasing from US$ 185.5 million in 2022, with the CAGR of 8.4% during the period of 2023 to 2029.

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RS232/RS422/RS485 Market
RS-232, RS-422, and RS-485 drivers refer to circuits or chips used to drive signals in serial communications. These drivers are responsible for converting digital data into voltage signals for transmission. These drivers are usually part of a circuit or chip that ensures compliance with a specific serial communication standard and ensures reliable data transmission over the communication line. When designing and implementing a serial communication system, it is important to select appropriate drivers because they directly affect the reliability and performance of the communication.
RS-232 (ANSI/EIA-232 standard) is the serial connection standard on IBM-PC and its compatible machines. It can be used for many purposes, such as connecting a mouse, printer or modem, and it can also be connected to industrial instruments. For improvements in driving and wiring, the transmission length or speed of RS-232 in practical applications often exceeds the standard value. RS-232 is limited to point-to-point communication between the PC serial port and the device. The maximum distance for RS-232 serial communication is 50 feet.
RS-422 (EIA RS-422-A Standard) is the serial port connection standard for Apple's Macintosh computers. RS-422 uses differential signals, and RS-232 uses signals with an unbalanced reference ground. Differential transmission uses two wires to send and receive signals. Compared with RS-232, it has better noise immunity and longer transmission distance. Better noise immunity and longer transmission distances are a big advantage in industrial environments.
RS-485 (EIA-485 standard) is an improvement of RS-422 because it increases the number of devices from 10 to 32, and also defines the electrical characteristics under the maximum number of devices to ensure adequate signal voltage. With the capability of multiple devices, you can create a network of devices using a single RS-422 port. With excellent noise immunity and multi-device capabilities, when establishing a distributed device network connected to PCs, other data collection controllers, HMI or other operations in industrial applications, RS-485 is the serial connection of choice. RS-485 is a superset of RS-422, so all RS-422 devices can be controlled by RS-485. RS-485 can use more than 4,000 feet of wire for serial communication.
Global key players of RS232/RS422/RS485 include Texas Instruments, Renesas, STMicroelectronics and Analog Devices, etc. The top four players hold a share over 47%. Americas is the largest market, has a share about 41%. In terms of product type, 2 Drives is the largest segment, occupied for a share of about 41%, and in terms of application, Consumer Electronics has a share about 33 percent.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global RS232/RS422/RS485 market with multiple angles, which provides sufficient supports to readers' strategy and decision making.

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Segment by Type
• 1 Drive
• 2 Drives
• 3 Drives
• 4 Drives
• Others

Segment by Application
• Automotive Electronics
• Home Appliances
• Consumer Electronics
• New Energy Industry
• Automation Control Industry
• Others

By Company
Texas Instruments, Renesas, STMicroelectronics, Analog Devices, NVE, ONsemi, MaxLinear, Holt Integrated Circuits, Silicon IoT, NOVOSENSE

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