The North America Industrial Transceivers Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
Due to intense competition, companies implement automated business procedures and rely on cutting-edge next-generation technologies. Businesses spend a significant amount of money on IT infrastructure to remain competitive. Many business entities currently have an online presence and linkages to business networks. For many firms, internet device connectivity is a top priority. As a result, business entities are using modern transceivers to create safe and reliable device connectivity.
This has led to significant growth in both developed and emerging countries for the market for industrial transceivers. Industrial transceivers are networking components that unite and share a common circuit or signal housing between transmitters and receivers. The demand for data transfer capacity and storage processing for telecommunication and data networks is driving the market for industrial transceivers to expand.
In the US and Canada, smart city projects are receiving increasing government initiatives and funding. A Mexican city, for instance, uses AT&T Control Center, an IoT platform, to manage smart devices in real time. The rise of the smart device sector as whole and technological developments in fields such as nanotechnology, machine learning, and others are some of the most prominent trends in the regional market. In addition, in an effort to explore new renewable energy sources, the government has undertaken several energy storage programs in collaboration with key energy industry stakeholders.
The US market dominated the North America Industrial Transceivers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $568 Million by 2028. The Canada market is poised to grow at a CAGR of 10.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial Transceivers Market is Predict to reach $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
By Technology
By Country
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