Industrial Transceivers Market is Estimated to Reach $3.9 Billion by 2031 | Growing at a CAGR of 8.8%
PORTLAND, OR, UNITED STATES, September 26, 2023 /EINPresswire.com/ — Allied Market Research published a report on Industrial Transceivers Market by Technology, Application (Telecommunication and Data Processing, Automation, Smart Grid, Electric Vehicles, Renewable Energy, Lighting): Global Opportunity Analysis and Industry Forecast, 2021-2031. The industrial transceivers market was valued at $1.7 billion in 2021, and is estimated to reach $3.9 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.
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Industrial transceiver is a type of wireless transmitter and receiver specifically designed for use in harsh industrial environments. They are generally more robust than commercially available transceivers and can withstand more severe temperatures, vibrations, and other environmental factors. Industrial transceivers are used in a variety of environments where reliable communication is essential, such as factories, power plants, and mining operations.
The Industrial Transceivers Market Trends show a growing demand for rugged and reliable communication equipment in harsh industrial environments. The rise in the adoption of Industry 4.0 technologies, including the integration of advanced communication and connectivity technologies, is driving the demand for industrial transceivers that can provide reliable and efficient communication in harsh environments.
Furthermore, the demand for industrial transceivers is being driven by an increase in the number of smart city projects, rise in the adoption of industrial transceivers in the telecommunications industry, and a rapid expansion of IT infrastructure & IT-based solutions worldwide. The primary driver of the expansion of the industrial transceivers market is the growing trend toward high-speed network transmission, the rise in the number of data centers, automated business processes, and reliance on cutting-edge, next-generation technologies.
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Competitive Analysis:
The company profile section of the Industrial Transceivers Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global Industrial Transceivers Market include,
• 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
By technology, the single-mode technology segment is the largest and fastest growing segment of the industrial transceivers market. The increasing demand for high-speed internet, advancements in fiber optic technology, and growing adoption of cloud computing are among the key market trends driving the growth of this industry.
By application, the telecommunication & data processing segment is the largest, and lighting segment is the fastest growing segment of the industrial transceivers market size. The demand for telecommunication and data processing in the industrial transceiver market is driven by several factors, including the need for real-time monitoring and control of industrial processes, the increasing adoption of automation and smart manufacturing, and the growing demand for wireless communication solutions.
Key Findings of the Study
• In 2021, by technology, the single-mode industrial transceivers segment generated the highest revenue to the market and is expected to follow the same trend during the forecast period.
• By application, the telecommunication and data processing segment was the highest revenue contributor to the market, whereas the lighting segment is expected to have the highest CAGR of 10.32% in the industrial transceivers market share.
• Region-wise, the Asia-Pacific region was the highest revenue contributor, accounting for $847.2 million in 2021, and is estimated to reach $2,076.5 million by 2031, with a CAGR of 9.63%.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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