Market Highlights

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.

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Segmentation:

By component, the communications interface market has been segmented into hardware modules and services. The services segment has been divided into implementation and support and training. Among the components, the hardware modules segment is expected to dominate the market owing to the increasing adoption of communications interface modules across various application areas for effective and seamless data communication between the devices.

By the number of ports, the market has been segmented into 1-Port and 2-Port. Among these, the 2-Port segment is expected to register the higher CAGR during the forecast period owing to enhanced data transfer capabilities that the 2-Port devices offer.

By mode of communication, the market has been segmented into wired and wireless. The wired segment has been further segmented as Ethernet, USB, RS-232/RS-485, and others, whereas the wireless has been further segmented as Wi-Fi, Bluetooth, Zigbee, NFC, and Others. Among these, the wired segment is expected to dominate the market. Serial ports are currently the most widely used communication interfaces and involve the use of cables.

By application, the market has been segmented as industrial networking, battery monitoring systems, remote sensors communications, railway signaling systems, machine to machine communication, and others. Among these, the remote sensors communications segment is expected to record the highest CAGR during the forecast period due to the growing adoption of IoT technology across various industry verticals, which increases the need for communications interfaces for remote sensors communications.

Regional Analysis

By region, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American market has been segmented into the US, Canada, and Mexico, the European market has been further segmented into Germany, the UK, France, and Italy, the Asia-Pacific market has been sub-segmented into China, Japan, India, and South Korea, the Middle East & Africa market has been sub-segmented into Saudi Arabia, UAE, and South Africa, and the South American market into Brazil, Argentina, and Colombia.

Key Players

The global communications interface market is expected to grow significantly in the coming years due to the presence of numerous key players active in the regional markets. 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) are the companies leading the communications interface market globally.

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