Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Industrial Transceivers Market By Technology, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global industrial transceivers market was valued at $1.71 Billion in 2021, and is projected to reach $3.87 Billion by 2031, registering a CAGR of 8.78% from 2022 to 2031.
A transceiver is a network device that sends and receives signals in single packets. Industrial transceivers are mostly used in telecommunications, data processing and management, and automation sectors. The most commonly available industrial transceiver designs are radio transceivers, telephony transceivers, and Ethernet transceivers.
In the industrial transceiver market, most manufacturers offer specially designed industrial transceivers integrated with various functions and specifications for a wide range of applications such as motor control & drives, electric vehicles, renewable energy, lighting, and smart grid.
The adoption of industrial automation and control systems augments the growth of the industrial transceivers market. Automation and control systems are being used in a wide range of industrial applications to improve efficiency, productivity, and safety. Industrial transceivers are a critical component of these systems, providing the communication and connectivity needed to enable automation and control.
Market Dynamics
Drivers
- Increasing importance of Internet and high demand for industrial Internet of Things, cloud computing, data transmission and storage are the factors driving the market growth.
- Increasing adoption of automation and robotics in the manufacturing industry.
Restraints
- High cost of implementing and lack of standardized communication protocols.
Opportunities
- Development of cutting-edge communication systems such as 5G
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial transceivers market analysis from 2021 to 2031 to identify the prevailing industrial transceivers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the industrial transceivers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial transceivers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- Single-Mode Industrial Transceivers
- Multi-Mode Industrial Transceivers
By Application
- Telecommunication and Data Processing
- Automation
- Power Management and Smart Grid
- Electric Vehicles
- Renewable Energy
- Lighting
Key Market Players
- Finisar Corporation
- Cisco Systems Inc.
- Analog Devices Inc.
- Renesas Electronics
- ams technologies ag
- CTC Union Technologies Co.,Ltd
- Fujitsu Ltd.
- Eaton Corporation
- Senra Tech
- Infineon Technologies
For more information about this report visit https://www.researchandmarkets.com/r/p50n21
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