Press release
Industrial CAN Transceiver Market Share Expands as Demand for Industrial Automation and IIoT Grows | Valuates Reports
Industrial CAN Transceiver MarketThe global Industrial CAN Transceiver market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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Market Size and Industry Context:
The Industrial CAN (Controller Area Network) Transceiver Market is experiencing significant growth, fueled by the rising adoption of industrial automation and the Industrial Internet of Things (IIoT). These transceivers are crucial for enabling reliable communication between electronic control units (ECUs) in industrial systems, improving operational efficiency and system reliability. Additionally, advancements in CAN technologies, such as CAN FD (Flexible Data-rate), are boosting the market by offering higher data throughput and better performance for demanding industrial applications.
Market Share and Regional Overview:
The Asia-Pacific region dominates the market, driven by rapid industrialization and the widespread adoption of smart manufacturing practices. North America follows with strong demand for system upgrades and integration of advanced communication protocols. Europe holds a significant share as well, with a focus on energy-efficient solutions and adherence to stringent regulatory standards in industrial operations.
Market Growth, Analysis, and Revenue Insights:
The Industrial CAN Transceiver Market is set for continued growth, supported by the shift toward Industry 4.0 and increasingly complex industrial networks. Manufacturers are innovating to develop transceivers that provide higher speeds, enhanced fault tolerance, and compatibility with various industrial protocols. As industries continue their digital transformation journey, the demand for efficient communication solutions like CAN transceivers is expected to drive substantial revenue growth in the coming years.
Segment by Type
• 1-4 Mbps
• 4-8 Mbps
• Others
Segment by Application
• Grid Infrastructure
• Motor Driver
• Others
By Company
Rohm Semiconductor, NXP Semiconductors, STMicroelectronics, Infineon Technologies, ON Semiconductor, TI Semiconductor, Microchip Technology, Renesas Electronics, Analog Device, One Chip Semiconductor
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