Communications Interface Market to See Huge Growth by 2030 |

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Market Research Future (MRFR) presumes the global communications interface market to grow at a significant pace from 2018 to 2026 (forecast period). 

 

Several Factors to Boost Market Growth

A communication interface is a network built to a certain standard that allows two machines or devices to communicate with one another. In today’s world, serial ports with cables are the most extensively used communications interface.

The rising adoption of Industry 4.0 and increased demand for greater network connectivity are driving the growth of the worldwide communications interface market. Industry 4.0, a smart technology standard, has seen widespread adoption in manufacturing/production and related industries to improve operational efficiency. The deployment of Industry 4.0 necessitates the communication of intelligent networking devices. These devices are outfitted with a variety of communications interfaces to allow for easy and continuous connectivity; these advantages drive demand for communications interface modules during the projected period. Cisco Systems, Inc.’s Cisco OptoStar II is an intelligent communications interface module utilized for communication between each module and the network management system’s bus, as well as a system failure alarm. The module is housed in a conventional OptoStar II chassis that can accommodate both intelligent communications interface modules and other OptoStar II modules.

 

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Market Segmentation

The global communications interface market has been segmented based on components, number of ports, mode of communication, and application.

By component, the global communications interface market has been segmented into hardware modules and services. The services segment has been split into implementation and support, and training.

By number of ports, the global communications interface market has been segmented into 1-Port and 2-Port.

By mode of communication, the global communications interface market has been bifurcated into wired and wireless. The wired segment has been further split into Ethernet, USB, RS-232/RS-485, and others, whereas the wireless segment has been further split into Wi-Fi, Bluetooth, Zigbee, NFC, and others.

By application, the global communications interface market has been segmented into industrial networking, railway signalling systems, battery monitoring systems, remote sensors communications, machine to machine communication, and others.

 

Regional Analysis

North America to Dominate the Global Market

North America currently dominates the worldwide communications interface market. It has a sizable market share due to the presence of the majority of the market’s main players, who are extensively spending in research & development operations to produce sophisticated networking hardware solutions and provide seamless connectivity. Furthermore, the region is an early adopter of technology, with countries such as the United States and Canada spending extensively on research and development for the improvement of wireless technologies in this region.

 

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APAC to Witness Fastest Growth 

During the forecast period, Asia Pacific is expected to increase at the fastest rate. Regional governments have been increasingly supportive of digitalization initiatives, which are likely to stimulate demand in the region. Furthermore, the region is experiencing an increase in demand for connected devices as well as the adoption of smart and intelligent technologies like IoT and M2M communications, which is projected to drive demand for communications interfaces in the region.

 

Key Players

The prominent players in the worldwide communications interface market are Omron (Japan), Honeywell International, Inc. (US), Texas Instruments (US), ABB (Switzerland), PR Electronics (Denmark), Eaton Corporation (Ireland), Gauging Systems (US), Rockwell Automation (US), ProSoft Technology (US), Parker Hannifin (US), Lenze (Germany), API Nanotronics (US), Qualcomm (US), Cisco Systems, Inc. (US), and NXP Semiconductor (Netherlands).

 

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