The Global Industrial Transceivers Market size is expected to reach $2.7 billion by 2028, rising at a market growth of 8.5% CAGR during the forecast period.
A device that can send and receive signals is referred to as a transceiver. It performs the duties of both a transmitter and a receiver in a single device. Transceivers are frequently used in networking, radio transmission, and telecommunications applications. Industrial transceivers are radios created specifically for use in commercial environments. The complex environmental conditions that these transceivers are frequently made to survive include extreme temperatures, dust, dampness, and vibration.
Due to a rise in the demand for reliable and effective communication in industrial settings, the market for industrial transceivers has been expanding rapidly in recent years. Industrial control systems, automated machinery, and other industrial applications frequently use industrial transceivers since they are made for usage in challenging settings. Moreover, they are a crucial part of contemporary industrial communication systems because they allow data and control signals to be transmitted between different systems and devices.
Many factors are driving the industrial transceiver market, including the rise in internet usage, the rising need for the Industrial Internet of Things (IIoT), and the uptake of data storage, cloud computing, and transmission. A further significant element fueling the expansion of the industrial transceiver market is the increased use of automation and robotics in the manufacturing sector for reliable and effective interaction among various machines and devices. Moreover, the development of 5G technology gives the industrial transceiver market a great opportunity to grow and prosper as 5G delivers quicker and more reliable wireless communication, providing the market with bright growth possibilities.
Processes used in industry have been changed by the fourth industrial revolution. Benefits include increased process innovation, decreased manufacturing costs, and increased company effectiveness. The demand for industrial transceivers is driven by the quick acceptance and implementation of technologies from the Industrial Revolution 4.0.
On the market for industrial transceivers, the COVID-19 pandemic has had a conflicting effect. The need for specific industrial transceivers, such as those used for remote monitoring and managing industrial processes, has significantly increased. This is a result of the pandemic-related requirement for greater automation and remote working capabilities. Internet-based communication and data transfer have become more prevalent due to remote work and online education. Also, the pandemic hastened the digitalization of many industries, increasing the need for fast and dependable communication infrastructure.
In telecom and data center applications, the rising demand for inexpensive transceivers with energy-efficient qualities enhanced their sales. Smaller, more affordable, and more energy-efficient optical transceivers are currently in high demand on the market. Since the arrival of the CFP module, various technological advancements have supported the development of small form factors. Data centers and businesses require longer reach & high data transmission rates, which has led to a rise in port density and power consumption efficiency. This is sufficient to enhance the demand for affordable optical transceivers. The increase in demand for low-cost transceivers stimulated the growth of this market sector, which is dominated by well-established companies.
The expansion of telecommunications infrastructure will have a significant, positive impact on developing nations. With the introduction of AI, IoT, and big data, there is a growing demand for smart gadgets and many other connected applications. Integrated technologies across telecommunications sectors play a significant role in acquiring, translating, and transmitting data into useful information essential for improving urban infrastructure. The backbone of this type of infrastructure development is a high-speed fiber optics network, which can quickly carry massive volumes of data from one end to the other. Hence, expanding telecommunications infrastructure in developing nations will propel the industrial transceivers market in the upcoming years.
The existing network infrastructure is disjointed and primarily geared toward expanding individual domains rather than a unified strategy centered on customers. To reduce the network complexity, which is a factor that may inhibit the expansion of the market for industrial transceivers during the projection period, the organizations in this market need to take a creative and network-oriented approach to their business strategies.
Based on technology, the industrial transceivers market is segmented into single-mode, and multi-mode. In 2021, the multi-mode segment covered a considerable revenue share in the industrial transceivers market. Compared to previous technologies, multi-mode industrial transceivers have a larger core and handle several mode transmissions. The expansion of the industrial transceiver market is predicted to reach new heights due to government initiatives to speed up the creation of smart cities.
On the basis of application, the industrial transceivers market is bifurcated into telecommunication & data processing, automation, power management & smart grid, electric vehicles, renewable energy, and lighting. In 2021, the power generation & smart grids segment recorded a remarkable revenue share in the industrial transceivers market. This is because industrial transceivers use significantly less power and space than other types of transceivers because of shared housing and circuitry features, which results in substantially lower assessment and power consumption costs. Moreover, the industrial transceiver market will benefit from the faster deployment of these devices for industry-grade automation during the projected period.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 1.5 Billion |
| Market size forecast in 2028 | USD 2.7 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.5% from 2022 to 2028 |
| Number of Pages | 183 |
| Number of Table | 283 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Technology, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the industrial transceivers market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the Asia Pacific region led the industrial transceivers market by generating the highest revenue share. A growing number of people are using phones, more people are using the internet, more people are connected to the network, and more people are using programs that demand a lot of bandwidth. As a result, huge investments and company growth are now concentrated in the APAC region. With commercial deployments now in place in South Korea and prepared for deployment in Japan and China, Asian markets contribute to the growth of 5G mobile technology.
Free Valuable Insights: Global Industrial Transceivers Market size to reach USD 2.7 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Cisco Systems, Inc. is the forerunner in the Industrial Transceivers Market. Companies such as Renesas Electronics Corporation, Analog Devices, Inc., and Infineon Technologies AG are some of the key innovators in Industrial Transceivers Market.
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
By Technology
By Geography
The Industrial Transceivers Market size is projected to reach USD 2.7 billion by 2028.
Growth of telecom industry across emerging economies are driving the market in coming years, however, Grown network complexity restraints the growth of the market.
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.
The Single-Mode segment acquired maximum revenue share in the Global Industrial Transceivers Market by Technology in 2021 thereby, achieving a market value of $1.8 billion by 2028.
The Asia Pacific market dominated the Global Industrial Transceivers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1 billion by 2028.
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