Industrial transceivers are most commonly used in the telecommunication, data processing &management and automation sectors. An industrial transceiver comprises of a transmitter and a receiver integrated into the same housing.
The transmitter and receiver also share a common circuitry. The most common industrial transceiver designs available are radio transceivers, telephony transceivers and Ethernet transceivers.
In the industrial transceiver market, most manufacturers offer specially designed industrial transceivers integrated with different features and specifications for a wide range of applications, such as motor control & drives, electric automobiles, renewable energy, lighting and smart grid, among others.
With respect to the applications of industrial transceivers, the global industrial transceivermarket is segmented into automation, telecommunication & data processing, lighting, motor control & drives, electric vehicles, power management, renewable energy and smart grid.
The power management applications of industrial transceivers are estimated to record the highest growth rate in the global market, which can be attributed to the fact that the assessing and power consumption expenditures related to the industrial transceiver technology are much lower as industrial transceivers consume much lesser power and space due to the common circuitry and housing features.
Moreover, the accelerated adoption of industrial transceivers for the purpose of industry-grade automation is boost the global industrial transceiver market during the forecast period.
Based on technology, the global industrial transceiver market is segmented into single-mode industrial transceivers, multi-mode industrial transceivers and wavelength division multiplexing technology.
Multi-mode industrial transceivers support multiple mode-transmissions and have a larger core compared to other technologies. This factor is estimated to enable the multi-mode industrial transceiver technology to record a strong growth rate in the global industrial transceivers market during the forecast period of 2019 to 2027.
Multi-mode industrial transceivers are also expected to hold the largest market share of the global industrial transceiver market by the end of the forecast period, followed by the single-mode technology.
Government initiatives towards accelerating the development of smart cities are estimated to propel the growth of the global industrial transceiver market to greater heights.
In the telecommunication and data management sectors, industries integrate industrial transceivers, especially multi-mode transceivers, in their equipment to facilitate a short-reach network infrastructure intended for use inside a small area, such as a commercial workplace.
To accelerate the development of smart cities and facilitate a wide area network, governments provide funding to procure single-mode industrial transceivers, which feature long-reach network infrastructure.
These features of industrial transceivers are estimated to facilitate the global growth of the industrial transceiver market during the forecast period.
Among the geographical markets, the industrial transceiver market in North America is estimated to hold the largest share of the global industrial transceivermarket by the end of the forecast period.
The presence of a large number of manufacturers of industrial transceivers is expected to drive the North America market. However, the industrial transceiver market in Latin America is projected to record the highest growth rate among all the regional markets and is expected to witness the widespread deployment of advanced telecommunication, data management and industrial automation-enabling equipment in the coming years.
Europe is expected to hold the second largest market share of the global industrial transceiver market by the end of the forecast period. In the Asia Pacific Excluding Japan (APEJ) region, countries, such as Australia, Malaysia and Singapore, are expected to play a major role in driving the industrial transceiver market in the region.
Trending government-driven initiatives focusing on industrial-grade automation-related research and development are driving the industrial transceiver market in the APEJ region.
Furthermore, the industrial transceiver market in the Middle East and Africa region is estimated to register the second highest growth rate during the forecast period, which can be attributed to the ever-rising establishment of advanced power management and renewable energy R&D centres in the region.
Some key market players profiled in the global industrial transceivers market report are AMS Technologies; Analog Devices, Inc.; Cisco Systems; Finisar Corporation; Fujitsu Optical Components Limited; Huawei Technologies Co., Ltd.; Maxim Integrated; MaxLinear; Microsemi; Nordic Semiconductor; Renesas Electronics Corporation; STMicroelectronics; and ZTE Corporation.
Demand for industrial transceivers is likely to grow at a CAGR of 6.7% through 2032.
Long-reach network infrastructure needed to accelerate development of smart cities and facilitate a wide area network.
Adoption of industrial transceivers is likely to reach a revenue of USD 2543.38 Million in 2022
Cisco Systems, Finisar Corporation, Fujitsu Optical Components Limited, Huawei Technologies Co., Ltd, etc.
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Industrial Transceivers Market
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