The industrial transceiver market is expected to develop at a 6.6% annual pace in 2019. It is expected to be driven by a number of distinct elements that are strongly associated with the demand and revenue picture of the worldwide environment.
The most notable of these are strict regulatory requirements, intricate pricing schemes, and extremely particular specifications for raw materials and designs; however, a recent analysis by Future Market Insights also emphasises the growing significance of strategic alliances between suppliers and manufacturers of industrial transceivers. a dispersed supply base impacting the world economy.
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The healthy growth prospects for the global industrial transceiver market are mainly attributable to the growing smart city projects worldwide. “With the recent increase in industrial automation, the demand for low-power, energy-efficient automation equipment continues to grow. This will remain one of the key factors driving the demand and revenue growth of the global industrial transceiver market,” said Chief Research Analyst.
Power management applications present significant opportunities.
Application-based adoption of industrial transceiver technology will remain at a maximum in the area of applications related to power management. The report forecasts strong annual revenue growth for the Power Management Applications segment compared to other applications in Industrial Transceivers including EV, Renewable Energy, Smart Grid, Motor Control and Drive, Data Processing and Communications, Lighting, Automation.
Procurement of multimode industrial transceivers for increased speed
Among wavelength division multiplexing technology, single-mode industrial transceiver technology and multi-mode industrial transceiver technology, the latter brings multi-mode transmission and includes a larger core for superior functionality. The industry also favors the integration of multimode industrial transceiver technology over other technologies to facilitate the short-range requirements of network infrastructure.
The report states that the procurement of multi-mode industrial transceiver technology is more likely to accelerate in the next few years due to larger cores, driving the overall demand for multi-mode industrial transceivers in the global environment.
Latin America in the spotlight
With an outstanding presence as a leading provider of transceiver solutions in the industry, North America is likely to have the largest share of the industrial transceiver market in terms of revenue. The report also reaffirms Europe’s significant market value share in the coming years.
However, Latin America is poised to emerge as a very lucrative pocket for investors due to the widespread deployment of industrial automation-assisted equipment, particularly in data management and telecommunication sectors. This report predicts that the revenue of the industrial transceiver market in Latin America will grow significantly annually.
MEA has also positioned itself as a region with excellent growth potential in the industrial transceiver market over the next few years, owing to an increase in R&D projects in the field of renewable energy and an increase in the establishment of advanced power management projects.
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Meanwhile, government-friendly initiatives related to industrial automation and smart cities are providing strong impetus to the industrial transceiver landscape in Asia Pacific (excluding Japan). “Singapore, Malaysia and Australia will play an important role in boosting the revenue growth prospects for the industrial transceiver market at APEJ,” said an FMI analyst.
FMI conducts a thorough assessment of the competitive environment.
The report points out significant revenue shares of Texas Instruments Incorporated and Infineon Technologies AG in the industrial transceiver market. An extensive analysis of the key players operating in the global industrial transceiver landscape reveals the most prominent development strategies adopted by the leading players in the industrial transceiver sector.
In the report, FMI introduces some of the leading players competing in the global Industrial Transceiver sector to provide insights from a strategic perspective. Analog Devices, Inc. and AMS Technologies, the report includes Cisco Systems, Fujitsu Optical Components Limited, Finisar Corporation, Maxim Integrated, Huawei Technologies Co., Ltd., MaxLinear, Renesas Electronics Corporation, Microsemi, Nordic Semiconductor, ZTE Corporation and STMicroelectronics.
- Suppliers and manufacturers will continue to benefit from long-term contractual partnerships, which will further accelerate the company’s technological innovation efforts, ultimately supporting new product development and launch.
- As interest in product customization grows, we continue to add value to the existing portfolios of key players in the industrial transceiver market, helping them expand their existing customer base.
- It is expected that the majority of existing industrial transceiver solution providers will focus on providing specialized application-specific industrial transceiver solutions.
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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