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.
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Communications Interface Market: Strategic Insights
Market Size Value in US$ 6,228.27 Million in 2022 Market Size Value by US$ 10,388.04 Million by 2028 Growth rate CAGR of 8.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Communications Interface Market: Strategic Insights
| Market Size Value in | US$ 6,228.27 Million in 2022 |
| Market Size Value by | US$ 10,388.04 Million by 2028 |
| Growth rate | CAGR of 8.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights – Communications Interface Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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).
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Mode of Communication, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
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
- ABB Ltd.
- Eaton Corp Plc
- Honeywell International Inc
- Omron Corp
- Rockwell Automation Inc.
- Gauging Systems, Inc
- Parker Hannifin Corp
- PR Electronic AS
- Socomec Holding SA
- NXP Semiconductors NV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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