Report : Middle East and Africa Single Pair Ethernet Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Infrastructure & Device Components and Software & Services) and Application (Robotics & Automation, Machinery, Energy, Automotive & Transportation, and Others)
Software & Services Segment is Expected to Fastest Be Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Single Pair Ethernet Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 254.50 million by 2028 from US$ 140.82 million in 2021. The market is estimated to grow at a CAGR of 8.8% from 2021 to 2028. The report provides trends prevailing in the MEA single pair ethernet market along with the drivers and restraints pertaining to the market growth. Rising emergence of miniaturized electronic components and rising demand for robots and smart devices are the major factor driving the growth of the MEA single pair ethernet market. However, shortcoming of ethernet create hindrance hinders the growth of MEA single pair ethernet market.
The MEA single pair ethernet market is segmented on the basis of type, application, and country. Based on type, the MEA single pair ethernet market is segmented into infrastructure & device components and software & services. The infrastructure & device components segment dominated the market in 2020 and software & services segment is expected to be fastest growing during forecast period. Based on application, the MEA single pair ethernet market is segmented into robotics & automation, machinery, energy, automotive & transportation, and others. The robotics & automation segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the MEA single pair ethernet market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
Analog Devices, Inc.; Belden Inc.; HARTING Technology Group; LAPP Group; LEONI AG; Phoenix Contact; Siemon; TE Connectivity Corporation; Weidmüller Interface GmbH & Co. KG; and Würth Elektronik GmbH & Co. KG are among the leading companies in the MEA single pair ethernet market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Analog Devices announces long-reach industrial Ethernet offerings to achieve last-mile connectivity in process, factory, and building automation. The new ADI Chronous offerings support the 10BASE-T1L physical layer Ethernet standard allowing new data streams from edge nodes in remote and hazardous locations across process and building facilities.
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