$4550
The single pair ethernet market was valued at US$ 1,901.37 million in 2021 and is projected to reach US$ 3,602.17 million by 2028; it is estimated to grow at a CAGR of 9.6% from 2021 to 2028.
SPE (Single Pair Ethernet) is an end-to-end industrial Ethernet technology taking over the old legacy of fieldbus networks and traditional Ethernet, and creating a path for IIoT, smart manufacturing, and Industry 4.0. With industrial communication technology getting advanced, demand for SPE is introduced and standardized in a market, contributing to the single pair ethernet market growth. Further, it has been witnessed that there is a higher demand for solutions that would adapt to long-term smart manufacturing strategies. SPE is receiving acceptance in the industries and application areas, including the process industry, automotive, transportation, industrial automation, robotics, and advanced manufacturing, fueling the growth of single pair ethernet market size. In November 2019, the Institute of Electrical and Electronics Engineers (IEEE) certified a new standard for single pair ethernet protocol – the IEEE 802.3cg standard (also depicted as the 10Base-T1). The 10-Base-T1S "Short Range" is ideal for computing, automotive, industrial applications within a range of 25m, whereas 10-Base-T1L"Long Range" is appropriate for IoT, Industrial areas such as factories, large warehouses, and others where the range is 1,000m.
As more and more industrial components are becoming smart and intelligent, the connections are no longer restricted to internal company networks. This factor has made the devices a part of the Internet. With increased evaluation, collection, and use of data, the need for more powerful infrastructure is also rising. At the same time, the advanced infrastructure of changing industries is projected to take up less space and fewer resources and is fueling the use of more sensors and high network bandwidth. The factors described above assist in promoting the scope of SPE, thus influencing the single pair ethernet market growth.
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Single Pair Ethernet Market: Strategic Insights
Market Size Value in US$ 1,901.37 Million in 2021 Market Size Value by US$ 3,602.17 Million by 2028 Growth rate CAGR of 9.6% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Single Pair Ethernet Market: Strategic Insights
| Market Size Value in | US$ 1,901.37 Million in 2021 |
| Market Size Value by | US$ 3,602.17 Million by 2028 |
| Growth rate | CAGR of 9.6% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Single Pair Ethernet Market
During the first few months of 2020, manufacturing declined massively. Automotive, consumer electronics, construction materials, aerospace and defense, mining, glass, chemicals, and many more observed a decline in their production activities, affecting the single pair ethernet market. In the 3rd quarter, the business started coming back into business with lesser capacity and less workforce. As manufacturing is amongst the prominent user of SPE, demand for industrial communication got adversely affected due to the closure of manufacturing units. Further, in 2021, with manufacturing plants commenced with operating full capacity, the demand for scalable, reliable, fast, and interoperable communication protocols increased, which impacted the scope of industrial automation and positively affected the growth of single pair ethernet market. Additionally, rising initiatives by governments to lower human intervention & control the spread of the COVID-19 pandemic are promoting the adoption of industrial automation. The demand for advanced technologies with low human interruption increased due to the COVID-19 pandemic, positively creating demand for the single pair Ethernet.
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Market Insights – Single Pair Ethernet Market
Growing Demand for Manufacturing Industries Propels Single Pair Ethernet Market Growth
Growing Demand for Manufacturing Industries Propels Single Pair Ethernet Market Growth
The global manufacturing sector is rapidly expanding, with many regions investing in manufacturing plants in their localities. As per the Global Manufacturing Risk Index 2020: China, the US, Japan, Germany, and India are the prominent countries in this sector. The COVID-19 pandemic adversely affected all countries. In addition to industrial advancements in emerging economies, governments are striving to expand the manufacturing sector in their respective countries. AI, 3D printing, and robots are the most prevailing technologies in the manufacturing sector. For instance, in Australia, the modern manufacturing initiative is a major element of the country’s government's modern manufacturing strategy that aims to assist Australian manufacturers in scale-up and compete internationally. Similarly, India can become a global hub for manufacturing by 2030. Such robust plans and aims for reinforcing the manufacturing sector are driving the growth of IIoT and automation globally, which fueled the growth of the single pair ethernet market. Further, the demand for real-time manufacturing data, increased analytics, secure device-to-cloud computing, and monitoring applications is rising, thereby increasing demand for better industrial communication, which, in turn, is driving the growth of the single pair ethernet market.
Application-Based Insights
Based on application, the single pair ethernet market is segmented into Robotics & Automation, Machinery, Energy, Automotive & Transportation, and Others. Industrial robots create a significant demand on cables and other supply lines for equipment that the robot uses to complete its current work. Several axes are set in motion during one work step, and cables are bent or twisted thousands of times throughout working life. As a result, cable makers provide optimized Ethernet cables for various applications. The finer strands in the very flexible cables allow for more work cycles. The thinner a copper conductor, the less plastic deformation occurs, and the material solely suffers elastic deformations. The growing usage of Artificial Intelligence and cloud-based solutions for internal efficiency among SMEs is fueling the robotics and automation market across the globe, thereby driving market growth. Furthermore, the rising trend of cloud-based solutions and the increasing use of robot-based solutions across various end-user industries is predicted to open up new opportunities for growth in robotics & automation adoption rate, which, in turn, boosts the single pair ethernet market.
The single pair ethernet market is segmented based on type and application. Based on type, the single pair ethernet market is segmented into infrastructure & device components and software & services. Based on application, the single pair ethernet market is segmented into robotics & automation, machinery, energy, automotive & transportation, and others. Geographically, the single pair ethernet market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. Analog Devices, Inc.; Belden Inc.; HARTING Technology Group; LAPP Group; LEONI; PHOENIX CONTACT India Pvt.Ltd.; Siemon; TE Connectivity Ltd.; Wiedmuller Interface GmbH & Co. KG; and Wurth Elektronik are among the key players profiled during the single pair ethernet market study.
Players operating in the single pair ethernet market are mainly focused on the development of advanced and efficient products.
- In 2022, Analog Devices announced that the company will invest USD 110.3 million over the next three years in ADI Catalyst, a 100,000 square foot custom-built facility for innovation and collaboration located at its campus in the Raheen Business Park in Limerick, Ireland.
- In 2021, Belden announced a new partnership with Dynics, which is a provider of factory automation, hardware and software solutions. This strategic technology alliance agreement is a robust cybersecurity solution to market with best-in-class technology to protect industrial networks.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type 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, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Factors attributing toward the growth of single pair ethernet include, increasing demand for industrial automation, IIoT-based applications, adoption of industrial robots, inclination towards having access on real-time monitoring applications, and smart devices. Moreover, demand for faster communication and self-diagnostic reporting with lesser downtime are other parameters creating demand for single pair ethernet in different corners of the world, hence supporting market growth. Further, high requirement for data rate transmissions has been limited for many years; however, single pair ethernet made it feasible for video surveillance cases that needs more data power. Augmented demand and data transmissions enable video surveillance and cameras to trigger security alarms faster to provide building security more time to respond to situations. The factors mentioned above are creating a positive impact on the growth of single pair ethernet and thereby increasing the market growth.
Digital transformation and smart factories are transforming the industrial sector outlook. Amid the COVID-19 pandemic, manufacturers are focusing on implementing innovative technologies to ensure undisrupted production processes while following all mandatory safety protocols. Manufacturing and processing enterprises are progressively adopting smart factory setups. Factors such as the explosion of information and scaling of enterprise IoT, shift toward cloud IT infrastructure, use of predictive maintenance, adoption of hybrid workplaces and intelligent technologies, and expansion of distributed manufacturing are driving the transformation of manufacturing plants into digital enterprises. Moreover, with a combination of Artificial Intelligence (AI) and machine learning (ML), the arrival of hybrid workplaces utilizing augmented intelligence tools is also rising. With the growing pace of launching digital tools into manufacturing, the penetration of smart factories is also expanding. Thus, rising proliferation of smart factories would create ample of growth opportunities for the providers of single pair ethernet.
The infrastructure & device components is expected to dominate the market during the forecast period. The SPE requires components like cable connectors, magnetics, semiconductors, and other devices for effective network connectivity. International standards organizations and SPE-related companies have spent significant time and money in recent years to make all of these parts available. The core standards are already available to the public. IEEE standards such as IEEE 802.3cg, IEEE 802.3bw, and IEEE 802.3bp specifies the SPE electrical requirements. In 2019, LAN accounted for approximately 59% of all industrial communication protocols. Nonetheless, field bus systems such as Profibus or CC-Link (Control and Communication) are widely used. Many sensors and actuators in manufacturing facilities do not require a high data rate. However, because the distance between these devices and field switches is frequently greater than 200 m, Ethernet with a maximum connection length of 100 m is a major challenge. Besides cable length, (cable) weight, mechanical connector stability, and PCB size reduction were the driving forces behind developing a new standard beyond RJ45-based multi-pair Ethernet. SPE was created to meet these industry demands by enabling borderless IP-based connectivity from the cloud to any sensor or actuator.
In 2020, North accounted for the highest market share in the global market and is also expected to grow with the highest CAGR over the forecast period. North America has diverse and developed industrial presence across the region, and manufacturers from automotive, metals, pharmaceuticals, and consumer goods sector have increased their adoption of robotic and automation processes. Further, the region is expressing increasing sales of EVs and rise in deployment of clean energy projects such as wind and solar which is among another factor for high market share of single pair ethernet
The major companies in single pair ethernet includes Analog Devices, Inc., LAPP Group, LEONI, PHOENIX CONTACT India Pvt. Ltd., and TE Connectivity Ltd.
The major end user of single pair ethernet are industrial robots, access control, vehicles, others. Automotive & transportation segment expected to hold significant share in the global single pair ethernet market. SPE was first developed in the automotive industry, where smaller and more powerful devices were required. Ethernet systems are being deployed in increasing numbers in today's vehicle versions.
The List of Companies - Single Pair Ethernet Market
- Analog Devices, Inc.
- Belden Inc.
- HARTING Technology Group
- LAPP Group
- LEONI
- PHOENIX CONTACT India Pvt. Ltd.
- Siemon
- TE Connectivity Ltd.
- Weidmuller Interface GmbH and Co. KG
- Würth Elektronik
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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