According to the new research report titled “Communications Interface Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 10,388.04 million by 2028 and register a CAGR of 8.9% from 2022 to 2028.
Industrial automation OEMs play a crucial role in the ecosystem by developing communication interface devices, which enable the system integrators to develop or implement various automation products such as PLC and DCS. This creates a communication link between automated systems that allow plant equipment to communicate efficiently with operators and other machinery. One of the most common types of system integration is supervisory control and data acquisition (SCADA), as it combines software and hardware elements to allow companies to control and monitor their industrial processes on cloud or on-premises. Often the OEM is also the System Integrator as both products are provided by the same company. End users are generally industry verticals, which adopt these industrial and factory automation solutions for improving manufacturing.
To get sample Copy of the report, along with the TOC, Statistics, and Tables please visit @ https://bit.ly/3KhmOYr
The global communications interface market size is segmented on the basis of product, mode of communication, application, and geography. Based on product, the communications interface market is segmented into 1-Port, 2-Port, and others. Based on mode of communication, the communications interface market is bifurcated into wired and wireless & hybrid. Based on application, the communications interface market is segmented into industrial networking, battery monitoring system, remote sensors communication, railway signalling system, machine to machine communication, and others.
In terms of revenue, Europe accounted for the second largest communications interface market share. Over the years, the increasing adoption of IoT in the industrial sectors across European countries such as Germany, the UK, and the Netherlands to automate their manufacturing processes is propelling the demand for communication interfaces across the region. Additionally, the presence of communications interface market players such as ABB Ltd. and Eaton Plc in the region is expected to contribute to the growth of the European communications interface market in the coming years.
Communications Interface Market: Competitive Landscape and Key Developments
ABB Ltd., Eaton Corp Plc, Honeywell International Inc, Omron Corp, and Rockwell Automation Inc. are a few key communications interface market players operating across the globe. During this study, several other communications interface market players were analyzed to get a holistic view of the communications interface market size and its ecosystem.
The continuously growing demand for industrial automation systems across the world has influenced robot manufacturers to raise their investments in developing new and innovative products, boosting communications interface market growth indirectly. A few of the major product developments are mentioned below:
• In September 2022, Fanuc Corporation announced the launch of new FANUC SCARA robots for food and cleanroom applications. The FANUC SR-3iA/C and SR-6iA/C are fast and precise SCARA robots.
• In September 2022, ABB Ltd launched flexible mobile robots. These robots are designed to carry out tasks such as trolley transportation of up to 5,350 lbs (2,000 kg); towing; and lifting and transporting containers, racks, and pallets of 4,000 lbs (1,500 kg).
• In May 2022, FANUC Corporation announced the launch of CRX collaborative robots. This series added three new collaborative robots—CRX-5iA, CRX-20iA/L, and CRX-25iA cobots. The company claims that these robots are safe, reliable, easy-to-use, and versatile solutions for inspection, packing, machine load/unloading, palletizing, and welding.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global communications interface market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global communications interface market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Interested in purchasing this Report? Click here @ https://bit.ly/3TVnB5s
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876