The single pair ethernet market size was valued at US$ 2.32 billion in 2022 and is expected to reach US$ 6.20 billion by 2030; it is estimated to record a CAGR of 13.1% from 2022 to 2030.
Single Pair Ethernet Market Analyst Perspective:
As data centers evolve to meet increasing data processing needs, single pair ethernet offers advantages in terms of connectivity, efficiency, and performance. The growing number of data centers demands higher bandwidth to support increasing data traffic driven by cloud computing, streaming services, and emerging technologies. Single pair ethernet's ability to provide higher data rates than traditional fieldbus technologies positions it as a suitable solution for supporting the escalating bandwidth requirements within data center environments.
The adoption of edge computing, where processing occurs closer to the data source, is increasing to reduce latency and enhance real-time data processing. Further, the single pair ethernet market analysis considers various new data center launches. For instance, in September 2021, Vantage Data Centers opened its new facility in APAC due to two acquisitions and an equity raise of US$ 1.5 billion led by stakeholder DigitalBridge Investment Management.
Single pair ethernet supports simplified and streamlined connectivity within rack-level architectures in data centers. Its compact design and versatility make it suitable for connecting servers, switches, and other equipment within data center racks, contributing to efficient data flow. Therefore, the rising number of data centers is expected to positively impact the single pair ethernet market forecast.
Single Pair Ethernet Market Overview:
The single pair ethernet market report considers the evolution of industrial ethernet as a strong promoter of single pair ethernet adoption. Single pair ethernet is considered a backbone for the Industrial Internet of Things (IIoT) based applications and Industry 4.0. Modern machines, equipment, and systems perform complex tasks that encourage manufacturers to deploy a reliable & strong data network system to give a steady and constant flow of information to/from their devices, machines, equipment, and systems. Smart devices can seamlessly offer reliable data to/from their source and assist field service technicians and engineering plant managers in making real-time decisions through a strong communication network.
Single pair ethernet is a technology in which manufacturers and various end users are paving the path to the future success of IIoT. As technology improves, manufacturers globally seek to integrate smart manufacturing, industrial factory automation, and machine learning in their business models and activities. Such factors are expected to boost the single pair ethernet market size.
The increasing demand for industrial automation, IIoT-based applications, adoption of industrial robots, inclination toward having access to real-time monitoring applications, and number of smart devices is driving the single pair ethernet market growth. Moreover, the need for faster communication and self-diagnostic reporting with lesser downtime are other parameters creating a demand for single pair ethernet in different corners of the world, supporting market growth. Further, the requirement for higher data transmission rates has been limited for many years due to challenges about either the cable design or cost to benefit ratio of deploying advanced solutions. However, single pair ethernet has made it feasible for video surveillance cases that need 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 positive impact of the factors mentioned above was also considered while calculating the single pair ethernet market forecast.
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Single Pair Ethernet Market: Strategic Insights
Market Size Value in US$ 2.32 billion in 2022 Market Size Value by US$ 6.20 billion by 2030 Growth rate CAGR of 13.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Single Pair Ethernet Market: Strategic Insights
| Market Size Value in | US$ 2.32 billion in 2022 |
| Market Size Value by | US$ 6.20 billion by 2030 |
| Growth rate | CAGR of 13.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Single Pair Ethernet Market Driver:
Growing Manufacturing Sector Fuels Single Pair Ethernet Market Growth
The manufacturing sector is rapidly expanding with the increasing number of regions investing in manufacturing plants in their localities. As per the Global Manufacturing Risk Index (MRI) 2020, the US, Germany, China, India, and Japan are the leading countries in this sector. In addition to industrial advancements, governments in emerging economies were trying to expand the manufacturing sector in their respective countries. 3D printing, AI, and robots are the most commonly used technologies in the manufacturing sector. Japan, Germany, Canada, Australia, Austria, and Switzerland are among the prominent countries in the Industry 4.0 revolution.
Further, countries such as Australia, Kuwait, Saudi Arabia, and the UAE are experiencing favorable government support for strengthening 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 scaling up and competing internationally. Similarly, India can become a global hub for manufacturing by 2030. Further, the demand for real-time manufacturing data, increased analytics, secure device-to-cloud computing, and monitoring applications is rising, increasing the demand for better industrial communication. This, in turn, is propelling the single pair ethernet market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Single Pair Ethernet Market Segmental Analysis:
The global single pair ethernet market is segmented on the basis of type, infrastructure & device components, application, and geography. By type, the market is bifurcated into infrastructure & device components and software & services. Based on infrastructure & device components, the market is segmented into cables, connectors, and others. The cables segment is further segmented into 10Base-T1, 100Base-T1, and 1000Base-T1. Based on application, the market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. By geography, the market is split between North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
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By type, the market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held a larger single pair ethernet market share in 2022. The implementation of single pair ethernet necessitates the availability of cables, connectors, and other devices to ensure seamless network connectivity. Such factors promote single pair ethernet market growth.
Single pair ethernet cables are copper cables with only one twisted pair (single pair) for data transfer, especially used in industrial applications. A single pair ethernet cable arrangement employs one pair of wires (or conductors) to transport data at speeds of up to 10 Mbps (possibly up to 1 GBps in the future). This single pair cabling, designed for industrial users, can support up to 52 watts of DC power, covering a wide range of devices that require both power and data at distances of up to 1,000 meters. In March 2021, TE Connectivity (TE) unveiled the Raychem single pair ethernet (SPE) cable, offering a compact and lightweight solution that delivers accelerated data rates. This robust and adaptable SPE cable is specifically engineered to withstand several environmental conditions, making it appropriate for commercial and military aerospace, defense, electric vertical takeoff and landing (eVTOL) aircraft, and space applications. Such applications are expected to boost the global single pair ethernet market size.
Single Pair Ethernet Market Regional Analysis:
APAC held the largest single pair ethernet market share, valued at ~US$ 1.0 billion in 2022. It is projected to reach ~US$ 3.0 billion by 2030 and is expected to register a CAGR of 14.3% during 2022–2030. APAC is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
Over the last few years, APAC has recorded the fastest adoption of industrial automation for quick and efficient manufacturing operations. Despite the economic havoc caused by the onset of the COVID-19 pandemic in Japan, the country remained the second-largest market for industrial robots, following China. Japan is the largest exporter of industrial robotics. FANUC Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corp., and Kawasaki Robotics are among the leading robotics players producing a notable number of robots. Thus, the growing adoption of robotics and automation systems is expected to boost APAC’s single pair ethernet market share during the forecast period.
Single Pair Ethernet Market Key Player Analysis:
Key single pair ethernet market trends indicate that the major players are taking measures to take advantage of the opportunities in emerging markets. Analog Devices Inc, Belden Inc, HARTING Applied Technologies GmbH, Lapp Holding SE, LEONI AG, Phoenix Contact Development and Manufacturing Inc, TE Connectivity Ltd, The Siemon Co, Weidmuller Interface GmbH & Co KG, and Würth Elektronik GmbH & Co KG are among the prominent players included in the global single pair ethernet market report. Several other important players were also analyzed during this single pair ethernet market analysis to get a holistic view of the global market and its ecosystem. The leading players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.
Single Pair Ethernet Market Recent Developments:
The players highly adopt inorganic and organic strategies. Following are a few major developments:
- In January 2024, Analog Devices Inc and Honeywell International collaborated to explore the implementation of digital connectivity technologies without replacing existing wiring. This partnership aims to leverage the use of single pair ethernet technology to upgrade building management systems.
- In December 2023, LAPP Holding SE unveiled its innovative single pair ethernet portfolio, representing a major advancement in the field of industrial automation. LAPP's introduction of its comprehensive single pair ethernet portfolio signifies the company's recognition of the growing demand for this technology in industrial automation. The range includes a wide variety of single pair ethernet cables, connectors, and accessories tailored to meet the diverse needs of different applications and environments.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Infrastructure & Device Components, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The single pair ethernet market was valued at US$ 2.32 billion in 2022 and is projected to grow at a CAGR of 13.1% during 2022–2030.
Factors such as surging demand for IIoT in industrial automation and growing manufacturing sector are the driving the single pair ethernet market growth.
Asia Pacific is anticipated to grow with the faster CAGR over the forecast period.
The Asia Pacific held the larger market share in 2022, followed by Europe and North America.
Increasing adoption of Power over Data Line (PoDL) capabilities and rising number of data centers are the future trend of the single pair ethernet market.
The 10Base-T1 segment held larger market share in 2022 and it is expected to grow with the significant CAGR during the forecast period 2023-2030.
The key players, holding majority shares, in single pair ethernet market includes Analog Devices Inc., Lapp Holding SE, LEONI AG, Weidmuller Interface GmbH & Co KG, and Würth Elektronik GmbH & Co KG.
The single pair ethernet market is expected to reach US$ 6.20 million by 2030.
The List of Companies - Single Pair Ethernet Market
- Belden Inc
- Lapp Holding SE
- PHOENIX CONTACT GmbH & Co. KG
- Weidmuller Interface GmbH & Co KG
- HARTING Applied Technologies GmbH
- Analog Devices Inc
- LEONI AG
- TE Connectivity Ltd
- Würth Elektronik GmbH & Co KG
- The Siemon Co
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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