ID: MRFR/ICT/8608-HCR | February 2021 | Region: Global | 100 pages
A communication interface is a network designed to a specific standard for enabling communication between two machines or devices. Serial ports that involve cables are the most widely used communications interface in today’s world.
Rising adoption of Industry 4.0 and increasing demand for enhanced network connectivity are the factors driving the growth of the global communications interface market. Industry 4.0, a smart technology standard, has witnessed wide adoption in the manufacturing/production and related industries to boost the efficiency of operations. The adoption of industry 4.0 requires intelligent networking devices to communicate with each other. These devices are equipped with various communications interfaces to enable easy and continued communication, these benefits propel the demand for communications interface modules during the forecast period. The Cisco OptoStar II by Cisco Systems, Inc. is an intelligent communications interface module used for communication between each module and the bus of the network management system, and as an alarm for system failure. The module uses a standard 19-in OptoStar II chassis, which can hold both intelligent communications interface modules and other OptoStar II modules.
However, a lack of proper network infrastructure in developing countries is expected to hamper the market growth during the forecast period. The market seeks opportunities from the advent of advanced and intelligent networking devices and the rising adoption of M2M and IoT communication technologies across various industry verticals.
The Prominent Players in the Global 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).
Global Communications Interface Market has been segmented based on Component, Number of Ports, Mode of Communication, Application, and Region.
By component, the market has been segmented into hardware modules and services. The services segment has been bifurcated into implementation and support and training.
By number of ports, the market has been segmented into 1-Port and 2-Port.
By mode of communication, the market has been bifurcated into wired and wireless. The wired segment has been further divided into Ethernet, USB, RS-232/RS-485, and others, whereas the wireless segment has been further divided into Wi-Fi, Bluetooth, Zigbee, NFC, and others.
By application, the market has been segmented into industrial networking, battery monitoring systems, remote sensors communications, railway signaling systems, machine to machine communication, and others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Market Research Future (MRFR) has covered the following countries in the regional analysis of the communications interface market: the US, Canada, and Mexico in North America; Germany, the UK, France, and Italy in Europe; China, Japan, India, and South Korea in Asia-Pacific. Saudi Arabia, UAE, and South Africa in the Middle East & Africa; and Brazil, Argentina, and Colombia in South America.
North America currently dominates the global communications interface market. It holds a significant market share owing to the presence of the majority of key players in the market who are investing heavily in the research and development activities to develop advanced networking hardware solutions and offer seamless connectivity. Furthermore, the region is also an early adopter of technology and has been investing heavily in research and development for the advancement of wireless technologies by countries such as the US and Canada in this region.
Asia-Pacific is projected to record the fastest growth rate during the forecast period. Governments in the region have been increasingly supporting the digitalization initiatives, which is expected to drive demand in the region. Furthermore, the region exhibits a growing demand for connected devices and the adoption of smart and intelligent technologies such as IoT and M2M communications, which is further expected to propel the demand for communications interfaces in the region. Europe is also expected to gain a considerable share in the market whereas, the Middle East & Africa and South America regions are witnessing steady growth.
Frequently Asked Questions (FAQ) :
The communication interface market players are Texas Instruments (US), ABB (Switzerland), Omron (Japan), Honeywell International, Inc. (US), Gauging Systems (US), PR Electronics (Denmark), Eaton Corporation (Ireland), ProSoft Technology (US), Rockwell Automation (US), Lenze (Germany), Parker Hannifin (US), Cisco Systems, Inc. (US), API Nanotronics (US), Qualcomm (US), and NXP Semiconductor (Netherlands).
North America would dominate the communication interface market.
Asia Pacific would record higher CAGR than others in the communication interface market.
1-port and 2-port are two ports discussed in the communication interface market.
Two components, hardware module and service, have been discussed in the communication interface market.