Single Pair Ethernet holds huge potential because of the emergence of Industry 4.0 and digitalization. North America to witness the highest growth
Global Single Pair Ethernet Market is expected to exceed the market valuation of more than US$ XX million by 2027 expanding at a reasonable CAGR of around XX% during the forecast period (2021-2027). United States dominated the North America Single Pair Ethernet market and is expected to grow at a CAGR of XX% during the forecast period to reach the market value of USD XX million by 2027
The presence of well-established players across the globe leading to the offering of new services and technology due to which the end-users are more inclined towards the adoption of services and the market is rising. For instance: as per a study U.S based tech company CompTIA, there is more than 525,000 software and IT services companies in the United States (approximately 40,500 tech startups were established in 2018 alone).
The reduced IT spending on Hardware in the country would demand a cost-efficient model. As per IDC, the global IT spending on the devices reduced 8.8% in 2020 as compared to 2019 and the organizations are shifting on the adoption of fast, simple, and cost-effective solutions
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Single Pair Ethernet is a standard that is gaining acceptance for low data rate sensor and control situations where it uses a single pair cable to reduce cost and ease installation. Single Pair Ethernet is aimed at low data rate applications such as industrial control and automotive applications for sensors and remote controls that only require very low data rates. The concept of single-pair Ethernet is aimed at the growing number of building automation installations, “smart” systems, and the Internet of Things, IoT where wired rather than wireless links are needed for greater reliability and security. With remote sensors, actuators, and switches requiring just a few bytes of data when they are polled or triggered, the full bandwidth of Ethernet is simply not needed. A host of applications are ideal for the Single Pair Ethernet systems: sensors for lighting, HVAC, access control, occupancy monitoring, and a host of other smart systems.
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Industrial Ethernet communications technology is continuing to morph and adapt to the demands of a future Internet of Things (IoT) world with the ongoing development of Single Pair Ethernet (SPE) and IEEE 802.3cg standards. Developments within the automotive industry are identified as a key driver of the technology with the use of Ethernet for vehicle cameras, diagnostics, and security expanding into potential solutions for driverless technology. The expected growth rate of Industrial Ethernet from 2010 to 2025 is projected to be 280%.
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Based on the types, the market is fragmented into Infrastructure & Device Components and Solutions & Services. The Infrastructure & Device Components segment generated revenue of US$ XX million in 2020 and is expected to grow at the CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027F. Single Pair Ethernet is the infrastructure basis that makes IIoT and Industry 4.0 possible. In the past few decades, Industry 4.0 takes the emphasis on digital technology from recent decades to a whole new level with the help of interconnectivity through the Internet of Things (IoT), access to real-time data, and the introduction of cyber-physical systems. Industry 4.0 offers a more comprehensive, interlinked, and holistic approach to manufacturing. It connects physical with digital and allows for better collaboration and access across departments, partners, vendors, products, and people. Industry 4.0 empowers business owners to better control and understand every aspect of their operation and allows them to leverage instant data to boost productivity, improve processes, and drive growth.
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Based on Application the market is fragmented into Industrial Robots, Access Control, Vehicles, and Others. Industrial robots present high demands on cables and other supply lines for apparatus with which the robot fulfills its current task. Several axes are set in motion during an operation and bend or twist cables several thousand times during working life. For this reason, cable manufacturers offer Ethernet cables specially optimized for these applications. The highly flexible cables have finer strands that can withstand significantly more work cycles. Analogous to this principle: the thinner the more flexible, SPE cables also offer significantly higher numbers of possible work cycles in robotic applications. This longer service life means considerable cost savings.
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Additionally, the report provides detailed insights into the single pair ethernet market for the distinct regions including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. North America dominated the market in 2020, with XX% share, and is anticipated to reach a market valuation of US$ XX million by the year 2027. TE Connectivity, HARTING, HIROSE, Würth Electronics, Phoenix Contact, Softing AG, Belden, LEONI, MURR Elektronik, etc. are some of the prominent players operating in the Global Single Pair Ethernet market. Several M&As along with partnerships have been undertaken by these players to develop a platform for digitalization.
Global Single Pair Ethernet Market Segmentation
Market Insight, by Type
- Infrastructure and Device Components
- Solutions and Services
Market Insight, by Application
- Industrial Robots
- Access Control
Market Insight, by Region
- North America Single Pair Ethernet Market
- United States
- Rest of North America
- Europe Single Pair Ethernet Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Single Pair Ethernet Market
- Rest of Asia-Pacific
- Rest of World Single Pair Ethernet Market
Top Company Profiles
- TE Connectivity
- Würth Electronics
- Phoenix Contact
- Softing AG
- MURR Elektronik