Report : North America 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)
Infrastructure & Device Components Segment to Dominate North America Single Pair Ethernet Market During 2021–2028
According to a new market research study on “North America Single Pair Ethernet Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 1,305.27 million by 2028 from US$ 676.89 million in 2021. The market is estimated to grow at a CAGR of 9.8% from 2021 to 2028. The report provides trends prevailing in the North America single pair ethernet market along with the drivers and restraints pertaining to the market growth. Surging demand for IIoT in industrial automation and growing demand for manufacturing industries are the major factor driving the growth of the North America single pair ethernet market. However, shortcoming of ethernet create hindrance hinders the growth of North America single pair ethernet market.
The North America single pair ethernet market is segmented on the basis of type, application, and country. Based on type, the North America 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 North America 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 North America single pair ethernet market is segmented into the US, Canada, and Mexico.
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 North America 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, Belden announces acquisition it has entered into a definitive agreement to acquire privately-held OTN Systems N.V., a leading provider of automation networking infrastructure solutions, for approximately $71 million, net of cash acquired.
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