The Europe Industrial Transceivers Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
The market for industrial transceivers is expanding due to the telecommunications sector's growing use of these devices. Industrial transceivers are in high demand across several industry sectors, including ITES, consumer electronics, healthcare, and pharmaceuticals. Yet, the need for industrial transceivers is increasing globally due to the rapid development of IT infrastructure and IT-based solutions in various industries.
The market for industrial transceivers is now being driven by trends toward high-speed network transmission, a rise in data center demand, and widespread internet adoption. Industrial transceivers are also utilized to upgrade and improve data center telecommunication networks. Industrial transceivers are anticipated to see significant growth prospects due to these factors throughout the forecast period.
High-speed data, video, and audio signals can be cost-effectively transmitted across great distances using industrial transceivers. The market is anticipated to have high growth rates throughout the forecast period due to the growing demand for effective wireless interface technologies for communication among some of the numerous components inside electromechanical devices, like sensors or actuators.
Over time, cities in Europe, as well as Germany, have grown, new digital technologies are being made, and it might take a while to improve the infrastructures already there. Several German cities have also worked on their smart city plans under the same roof. These are a few of the UK cities which are encouraging the smart city revolution by putting in place things like smart parking systems and WiFi coverage all over the city. Soon, other cutting-edge programs will be put into place all over the country to offer a wide range of services to make city life better. This is because more and more things are connected to the Internet of Things (IoT). Smart cities are making it easier for people to use NB-IoT, which will help the market for industrial transceivers grow.
The Germany market dominated the Europe Industrial Transceivers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $166.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.8% during (2022 - 2028).
Based on Application, the market is segmented into Telecommunication & Data Processing, Power Management & Smart Grid, Automation, Renewable Energy, Lighting and Electric Vehicles. Based on Technology, the market is segmented into Single-Mode and Multi-Mode. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Industrial Transceivers Market will Hit $2.7 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Analog Devices, Inc., Renesas Electronics Corporation, Fujitsu Limited, Eaton Corporation PLC, Infineon Technologies AG, Accelink Technology Co. Ltd., Sumitomo Electric Industries, Ltd., Coherent, Inc. (Finisar Corporation) and AMS Technologies AG.
By Application
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