Growth in Automobile Industry Expected to Drive Global Single Pair Ethernet Market: Ken Research

Single Pair Ethernet is a typical standard which is increasingly accepted for the low data rate sensors and control situations which use single pair cable in order to reduce costs and ease the installations. The sensors and remote controls not only require the low data rates. Moreover, the single-pair Ethernet concept accounts to the growing number of building automation installations, 'smart' systems and the Internet of Things (IoT) connected with the wireless connections for providing the required reliability and increased security. Various applications are used for these types of systems sensors associated to lighting, HVAC, access control, occupancy monitoring and a host of other smart systems.

Single pair Ethernet is an infrastructure-base that makes the IoT & Industry 4.0 possible. Industry 4.0 takes the digital-technology of the last decades to the whole new level through interconnection with access to real-time data, Internet of Things and introduction of physical computer systems. The industry 4.0 provides a much more wide-ranging, interconnected and holistic approach to manufacturing. Moreover, it connects the physical to the digital and also enables better collaboration by providing access between departments, partners, suppliers, products and the people. Industry 4.0 further empowers the business owners with the better control and understanding every aspect of operations and enabling them to harness the instant data for increasing productivity, improving processes and driving the growth.

As per analysis, “Single Pair Ethernet Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the global single pair Ethernet market include Phoenix Contact, Harting, Belden, Murr Elektronik, Hirose, TE Connectivity, Leoni, Wurth Electronics, Softing AG and among others. The presence of established players all over the world leads to the offer of new services and technologies through which end users are more inclined to adopt services and the market is growing. Several M&A as well as partnerships have been undertaken by these players to facilitate high-tech and innovative products / technologies to customers.

On the basis of type, single pair Ethernet market can be segregated as solution & services and infrastructure & device components. The infrastructure & device components holds major share in global market owing to growth in technological advancement and rise in adoption of these devices across various industry. In addition, on the basis of application, market can be segregated as access control, industrial robots and vehicles. Industrial robots have high demands on cables and other power lines for the devices with which the robot performs its current task. Based on the regional analysis, the North-American region dominates the global single pair Ethernet market owing to presence of well-established players, highly developed industrial infrastructure and advanced automobile industry across the region. The European and Asian-Pacific regions are anticipated to exhibit higher CAGR due to growth in IT investment by the companies over the forecast period. It is estimated that global single pair Ethernet market will be reached at rapid pace because of reduced spending on the hardware caused by limit the cost in infrastructure, and emerging novel players providing attractive products or services worldwide during the forecast period.

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Global Single Pair Ethernet Market

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