According to a new report, published by KBV research, 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.
The Automation segment is showcasing a CAGR of 8.9% during (2022 - 2028). In the process control, manufacturing, and packaging areas of the automation industry, industrial transceivers are employed. These applications have a high demand for industrial communication lines because of their ability to provide power and data over vast distances with high accuracy.
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. One way to transmit optical signals over single-mode fiber is single-mode. For improved performance and to attain high bandwidth capabilities, it permits the fine-tuning of the transmission power at an ideal level. This kind of processing helps to reduce signal loss, which in turn helps to increase communication speed while using less energy.
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. The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The North America market would display a CAGR of 7.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/industrial-transceivers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
Companies Profiled
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