PUBLISHER: The Insight Partners | PRODUCT CODE: 1562258
PUBLISHER: The Insight Partners | PRODUCT CODE: 1562258
The South & Central America single pair ethernet market was valued at US$ 107.80 million in 2022 and is expected to reach US$ 232.63 million by 2030; it is estimated to record a CAGR of 10.1% from 2022 to 2030.
Rising Demand for Robots and Smart Devices Fuels South & Central America Single Pair Ethernet Market
There has been a rapid increase in the application of industrial robots in automotive and consumer electronics industries. Automotive, pharmaceuticals, packaging, and food & beverages are prominent industries where automated robotics systems are used. The scope of SPE will expand in the coming years with the growing use of robotics in manufacturing industries. SAB Brockskes GmbH & Co. KG provides SPE for robots with UL recognition.
Industrial robots are creating high demands for cables and other supply lines for robotics devices to fulfill their current task. The cable manufacturers are providing optimized ethernet cables as these are highly flexible cables. In addition to the growing demand for industrial robots, the demand for smart devices is also expanding, which is expected to create lucrative business opportunities for the growth of the SPE market. There is rising demand for products with smaller sizes along with greater functionality. The penetration of smart devices has to rise due to the rising demand for products with increased communication and smaller sizes with greater functionality. A strong and reliable communication network enables smart devices to seamlessly transfer accurate data to and from their source, supporting field service technicians and engineering plant managers in making real-time decisions. Thus, rising demand for robots is increasing the single pair ethernet market growth.
South & Central America Single Pair Ethernet Market Overview
South America consists of Brazil and Argentina. Rapid digital revolution in the industrial sector bolsters the manufacturing sector in the region. Significant investments in technologies and innovations by prominent players in Brazil and Argentina encourage the development of new business models in the manufacturing sector, which guarantees viability and growth in the long term. Also, regional governments are working ahead to diversify export markets and connect supply chains. For instance, the Central American Integration System (SICA) Regional Contingency Plan provides a framework to boost the economy, security, and communication technologies in the region. Such efforts trigger regional cooperation initiatives and boost technological developments that contribute to the growth of the manufacturing sector in SAM. Digital transformation in the manufacturing sector in SAM would accelerate the growth of the SPE market as these are widely used for high data transmission and increased usage reporting purposes.
South America is witnessing a few developments to bolster automation in the manufacturing sector:
In February 2021, Geek+, a provider of autonomous mobile robots and warehouse automation, and Boreal Technologies SA, a provider of mobile solutions, signed a partnership agreement to assist early adopters in intelligent manufacturing, logistics, digitalization, automation, and optimization of supply chain operations across SAM. Telefonica has started numerous initiatives and joint ventures to accelerate digitalization in SAM. It collaborated with CAF to encourage digital transformation projects and integrate sophisticated technologies for both economic and social development. For instance, the "Industry 4.0 for Latin America" initiative undertaken by CAF, CEPAL, ASIET, Telefonica, and CIPyC aims to promote digitalization and transformation in the regional manufacturing sector. The initiatives mentioned above are projected to massively drive smart manufacturing, IIoT, and industrial automation in SAM, boosting SPE usage.
South & Central America Single Pair Ethernet Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Single Pair Ethernet Market Segmentation
The South & Central America single pair ethernet market is categorized into type, application, and country.
Based on type, the South & Central America single pair ethernet market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held a larger market share in 2022. Further, infrastructure & device components segment is sub segmented into cables, connectors, and others. Also, the cables segment is divided into 10Base-T1, 100Base-T1, and 1000Base-T1.
In terms of application, the South & Central America single pair ethernet market is categorized into robotics & automation, automotive & transportation, energy, machinery, and others. The robotics & automation segment held the largest market share in 2022.
By country, the South & Central America single pair ethernet market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America single pair ethernet market share in 2022.
The Siemon Co, Wurth Elektronik GmbH & Co KG, TE Connectivity Ltd, LEONI AG, Analog Devices Inc, HARTING Applied Technologies GmbH, Weidmuller Interface GmbH & Co KG, PHOENIX CONTACT GmbH & Co. KG, Lapp Holding SE, and Belden Inc are some of the leading companies operating in the South & Central America single pair ethernet market.