Overview and Scope
Single pair ethernet is a networking technology that enables data transmission over a single twisted pair of copper wires, simplifying installations and reducing costs. It is used for high-speed data transmission and power delivery in various applications such as industrial automation, automotive systems, IoT devices, and smart buildings, simplifying cabling infrastructure and reducing costs.
Sizing and Forecast
The single pair ethernet market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.40 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to the need for energy-efficient solutions, industry 4.0, the emergence of IoT, advancements in connectivity standards, and regulatory compliance requirements.
The single pair ethernet market size is expected to see rapid growth in the next few years. It will grow to $5.20 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to IoT expansion in the automotive sector, expansion of smart grids, demand for POE (power over ethernet) solutions, transition to remote work and IoT connectivity, and integration with wireless technologies. Major trends in the forecast period include the growing adoption of single pair ethernet solutions in building automation systems, integration with time-sensitive networking (TSN), standardization and interoperability initiatives, adoption in healthcare and telemedicine, and growth in edge computing applications.
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Segmentation & Regional Insights
The single pair ethernet market covered in this report is segmented –
1) By Type: Infrastructure And Device Components, Solutions And Services
2) By Bandwidth Type: Fast Ethernet, Gigabit Ethernet, Switch Ethernet
3) By Application: Industrial Robots, Access Control, Vehicle, Other Applications
Asia-Pacific was the largest region in the single pair ethernet market in 2023. The regions covered in the single pair ethernet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rapid increase in industrial robots is expected to propel the growth of the single-pair ethernet market going forward. Industrial robots are programmable machines designed to automate tasks typically performed by humans in industrial settings. The adoption of industrial robots is rising due to their ability to increase productivity, improve quality, enhance workplace safety, and reduce labor costs in manufacturing and industrial settings. Single pair ethernet facilitates high-speed data transmission and power delivery in industrial robots, streamlining communication and connectivity while reducing cabling complexity. For instance, in 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, the installation of industrial robots surpassed 500,000 units in 2022, contributing an additional 5% to the previous record of 526,144 units installed in 2021. In Asia, 404,578 units were installed, reflecting a 5% increase from the 2021 figure of 385,143 units. Therefore, the rapid increase in industrial robots is driving the growth of the single pair ethernet market.
Key Industry Players
Major companies operating in the single pair ethernet market are Siemens AG, Broadcom Inc., Würth Elektronik, Texas Instruments, TE Connectivity Ltd., Infineon Technologies, Amphenol CS, Analog Devices Inc., Nexans S.A., CommScope Holding Company Inc., Microchip Technology Inc., Leoni AG, Phoenix Contact Pvt. Ltd., Molex LLC, Belden Inc., Lapp Group, Rosenberger Group, HIROSE ELECTRIC CO. LTD., Panduit, Harting Technology Group, Bel Fuse Inc., Siemon, L-com, Softing Industrial Automation, Alpha Wire, Metz Connect GmbH, Weidmuller Interface GmbH and Co. Kg, Lumberg Automation
The single pair ethernet market report table of contents includes:
1. Executive Summary
2. Single Pair Ethernet Market Characteristics
3. Single Pair Ethernet Market Trends And Strategies
4. Single Pair Ethernet Market – Macro Economic Scenario
5. Global Single Pair Ethernet Market Size and Growth
…
32. Global Single Pair Ethernet Market Competitive Benchmarking
33. Global Single Pair Ethernet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Single Pair Ethernet Market
35. Single Pair Ethernet Market Future Outlook and Potential Analysis
36. Appendix
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