Market Introduction
The power over Ethernet market in SAM is sub segmented into Brazil, Argentina, and Rest of SAM. The rest of SAM includes Chile, Colombia, Guatemala, and Peru. Technological developments have directly impacted the economies of Brazil and Argentina. The continuous growth in the adoption of infotainment and consumer electronics in the region has led to a continued surge in demand for communication technology, which create a need of power over Ethernet. The swift penetration of smartphones and other connected devices, and the rising concerns associated with the safety of homes are further likely to contribute to the power over Ethernet market growth in SAM. The availability of effective internet infrastructure would boost the number of smartphone users in Brazil and Argentina. They have witnessed a surge of smartphone adoption in the last few years due to the reduction in the price of handsets, and the increasing availability of finance offerings and subsidies from mobile operators. In addition, 4G and 5G connections are also playing a crucial role in stimulating the sales of smartphones, and other gadgets such as laptops and tablets. The rise in demand for consumer electronics is projected to boost the manufacturing of power over Ethernet equipment in SAM in the coming years.
The ongoing COVID-19 outbreak has badly impacted the SAM region. Brazil leads the region in terms of COVID-19 cases, followed by Colombia, Argentina, Peru, and others. The governments in South America has taken an array of actions to protect their citizens and contain the spread of COVID-19. Containment SAMsures in countries of South America is expected to impact the economic activity in the manufacturing and service sectors, and ultimately affecting the power over Ethernet market in till the mid of 2021. the growth rate will be affected in 2020 and 2021 due to the COVID 19 outbreak. The mass lockdowns, travel bans, and business shutdowns across all countries affect the supply chains and business activities and affect the revenues and growth of companies operating in the SAM PoE market. Hence, this outbreak may act as a restraining factor and affect the revenues and growth of PoE in 2020 and 2021. However, the overall growth is anticipated to be positive over the forecast period from 2021 onwards.
Market Overview and Dynamics
The Power over Ethernet market in SAM is expected to grow from US$ 24.61 million in 2019 to US$ 55.94 million by 2027; it is estimated to grow at a CAGR of 11.4% from 2020 to 2027. As the governments and businesses realize the significance of technology, various government and private initiatives are emerging for the development of smart cities. A smart city is characterized by various connected devices such as cameras, sensors, recorders, and other smart devices, which utilize information and communication technologies to provide better public wellbeing, service levels, economic development, and sustainability. Moreover, smart city is known for its enhanced safety levels, efficient public utilities, improved public transport services, efficient utilization of energy, economic development opportunities, and data-driven decision-making system, among other benefits. The growing need for optimum utilization of resources to create sustainable development is paving the way for smart cities, which is expected to create growth opportunities for POE market players.
Key Market Segments
In terms of type, the powered devices segment accounted for the largest share of the SAM Power over Ethernet market in 2019. In terms of application, lighting control segment accounted for the largest share of the SAM Power over Ethernet market in 2019. Further, commercial segment held a substantial share of the SAM Power over Ethernet market based on end user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Power over Ethernet market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Broadcom Ltd.; Cisco Systems, Inc.; Dell Inc; Huawei Technologies Co., Ltd.; Monolithic Power Systems Inc.; ON Semiconductor Corporation; Silicon Laboratories Inc.; STMicroelectronics N.V.; and Texas Instruments, Inc.
Reasons to buy report
SAM Power over Ethernet Market Segmentation
SAM Power over Ethernet Market - By Type
SAM Power over Ethernet Market - By Application
SAM Power over Ethernet Market - By End User
SAM Power over Ethernet Market - By Country
SAM Power over Ethernet Market - Company Profiles