Report : Middle East & Africa Communications Interface Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (1-Port, 2-Port, and Others), Mode of Communication (Wired and Wireless & Hybrid), and Application (Industrial Networking, Battery Monitoring System, Remote Sensors Communication, Railway Signalling System, Machine to Machine Communication, and Others)
At 9.7% CAGR, the MEA Communications Interface Market is speculated to be worth US$ 666.50 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the MEA communications interface market was valued at US$ 428.01 million in 2022 and is expected to reach US$ 666.50 million by 2028, registering a CAGR of 7.7% from 2022 to 2028. Rising adoption of centralized manufacturing among industries and emergence of industry 5.0 are the critical factors attributed to the MEA communications interface market expansion.
The increasing adoption of centralized manufacturing across the global manufacturing sector is boosting the demand for wireless communication devices and interfaces. Manufacturing plants can significantly reduce per unit manufacturing cost by using a single machinery to produce different products, thereby enabling the company to achieve economies of scale. According to the report, the raw material inventory turn-around and production efficiency are higher in companies with centralized manufacturing facilities. The adoption of centralized manufacturing enables efficient wireless communication among measuring and analyzing devices. Thus, the rising adoption of centralized communication is fueling the demand for wireless communication interfaces across the manufacturing industry. Centralized manufacturing also promotes local jobs, continuous production, and optimization of limited resources. These factors are further promoting the adoption of centralized manufacturing. This, in turn, will boost the demand for wireless communication interfaces, thereby contributing to the MEA communications interface market growth.
On the contrary, high operating and maintenance costs and lack of skilled laborers hurdles the growth of MEA communications interface market.
- Based on product, the MEA communications interface market is segmented into 1-Port, 2-Port, and others segment. The 2-Port segment held 43.4% market share in 2022, amassing US$ 185.82 million. It is projected to garner US$ 291.42 million by 2028 to expand at 7.8% CAGR during 2022–2028.
- Based on mode of communication, the MEA communications interface market is segmented into wired and wireless & hybrid. The wired segment held 60.3% market share in 2022, amassing US$ 258.25 million. It is projected to garner US$ 395.38 million by 2028 to expand at 7.4% CAGR during 2022–2028.
- Based on application, the MEA communications interface market is segmented into industrial networking, battery monitoring system, remote sensors communication, railway signalling system, machine to machine communication, and others. the remote sensors communication segment held 42.2% market share in 2022, amassing US$ 180.78 million. It is projected to garner US$ 295.79 million by 2028 to expand at 8.6% CAGR during 2022–2028.
- Based on country, the MEA communications interface market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Our regional analysis states that Saudi Arabia captured 32.7% market share in 2022. It was assessed at US$ 140.03 million in 2022 and is likely to hit US$ 221.88 million by 2028, exhibiting a CAGR of 8.0% during the forecast period.
Key players dominating the MEA communications interface market are ABB Ltd, Eaton Corp Plc, Honeywell International Inc, NXP Semiconductors NV, OMRON Corp, Parker Hannifin Corp, PR Electronics AS, Rockwell Automation Inc, and Socomec Holding SA among others.
- In 2022, Parker Hannifin recently announced a new PAC motion controller and module series with web-based visualization for instant remote monitoring of up to 40 motion axes. The controller module contains numerous industry-standard communication and capability options, much like a modern PLC or other motion controllers. The primary communication interface is EtherCAT, with a secondary isolated Fieldbus port providing access to either a second EtherCAT network, Ethernet/IP (supporting Modbus TCP), or PROFINET I/O, depending on the specific model.
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