Communication Interface Market Size, Share | Report 2022, 2028

report image

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)

Publication Month: Dec 2022 | Report Code: TIPRE00012442 | No. of Pages: 200 | Category: Electronics and Semiconductor | Status: Published

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.

The increasing adoption of centralized manufacturing across the global manufacturing sector is boosting the demand for wireless communication devices and interfaces. Manufacturing plants can significantly reduce per unit manufacturing cost by using a single machinery to produce different products, thereby enabling the company to achieve economies of scale. According to a research report published by American Productivity & Quality Center (APQC), the adoption of centralized manufacturing reduces production costs by 3%. According to the report, the raw material inventory turn-around and production efficiency are higher in companies with centralized manufacturing facilities. The adoption of centralized manufacturing enables efficient wireless communication among measuring and analyzing devices. The rising adoption of centralized communication is fueling the demand for wireless communication interfaces across the global manufacturing industry. Centralized manufacturing also promotes local jobs, continuous production, and optimization of limited resources. These factors are further promoting the adoption of centralized manufacturing. This, in turn, will boost the demand for wireless communication interfaces, thereby contributing to the communications interface market growth.

Strategic Insights

Report Coverage - Communications Interface Market
Report CoverageDetails
Market Size Value inUS$ 6,228.27 Million in 2022
Market Size Value byUS$ 10,388.04 Million by 2028
Growth rateCAGR of 8.9% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages200
No. of Tables115
No. of Charts & Figures88
Historical data availableYes
Segments coveredProduct, Mode of Communication, and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available
– Communications Interface Market

Impact of COVID-19 Pandemic on Communications Interface Market

Most operations in the Middle East & Africa were suspended due to an increase in the number of COVID-19 cases. Many countries in Africa are still in developing states and not as developed as the countries of Middle East. Hence, businesses in those African countries delayed the adoption of industrial and factory automation solutions. This hampered the communications interface market growth.

A similar scenario was also witnessed in several developing nations of Middle East. The long-term demand prospects are expected to show moderate growth since most countries in this region are reeling under tremendous economic slowdown in general. Thus, the pandemic is expected to have a relatively long-lasting negative effect on the communications interface market in this region.

Lucrative Regions for Communications Interface Market

Lucrative Regions for Communications Interface Market

Get more information on this report :

Market Insights – Communications Interface Market

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.

Application-Based Insights

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)

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.

Players operating in the communications interface market are mainly focused on the development of advanced and efficient products.

  • In 2018, ABB introduced the new EtherNet/IPTM communication interface “EIU32.0” for its UMC100.3 Universal Motor Controller. It increases the Ethernet interfaces for Modbus TCP and Profinet, providing connection to all relevant networks used across the world. The main applications are the process industry's intelligent motor control centers (IMCCs).

Frequently Asked Questions

The communications interface market was estimated to be US$ 5,894.63 million in 2021 and is expected to grow at a CAGR of 8.9%, during the forecast period 2022 - 2028.
Rising adoption of automation technologies across industries is driving the need for communication interface market, rising awareness of the benefits of automation across the globe has influenced the adoption of the same across industries such as manufacturing, automotive, mining, and food & beverages. The growing demand for automobiles globally has increased the requirement for automation systems as it helps speed up production while decreasing the manufacturing cost and risk to human workers. This is influencing the adoption of collaborative robots, robotic arms, and the Internet of Things (IoT), across the automotive industry.
The increasing adoption of centralized manufacturing across the global manufacturing sector is boosting the demand for wireless communication devices and interfaces. Manufacturing plants can significantly reduce per unit manufacturing cost by using a single machinery to produce different products, thereby enabling the company to achieve economies of scale.
The key players, holding majority shares, in communications interface market includes ABB Ltd.; Eaton Corp Plc; Honeywell International Inc; Omron Corp; and Rockwell Automation In
APAC is the fastest growing regional market, followed by Europe.
China and Germany are expected to register high growth rates during the forecast period.
The US held the largest market share in 2021, followed by China.
The incremental growth, expected to be recorded for the Communication Interface market during the forecast period, is US$ 4159.77 million.

The List of Companies - Communications Interface Market

  1. ABB Ltd.
  2. Eaton Corp Plc
  3. Honeywell International Inc
  4. Omron Corp
  5. Rockwell Automation Inc.
  6. Gauging Systems, Inc
  7. Parker Hannifin Corp
  8. PR Electronic AS
  9. Socomec Holding SA
  10. NXP Semiconductors NV
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global communications interface market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global communications interface market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount