Surging Demand for IIoT in Industrial Automation Drives Single Pair Ethernet Market Growth
Single pair ethernet is an end-to-end industrial ethernet technology that is taking over the old legacy of Fieldbus networks and traditional Ethernet and smart manufacturing, creating a path for the Industrial Internet of Things (IIoT) and Industry 4.0. With the advancements in industrial communication technology, the demand for single pair ethernet is increasing in the market. It has been witnessed that there is a higher demand for solutions that would adapt to long-lasting strategies in smart manufacturing. The single pair ethernet is gaining high acceptance in industrial applications such as process automation and condition-based monitoring. The 10Base-T1 standard of the Institute of Electrical and Electronics Engineers (IEEE) permitted single pair ethernet to be utilized for faster connectivity, higher quality health insights, and higher performance in the smart manufacturing setting. As technology gets more sophisticated, manufacturers worldwide focus on staying ahead of competitors by revolutionizing business strategies to fulfill initiatives around machine learning, smart manufacturing, and industrial automation.
As more and more industrial components become smarter, the connections are no longer restricted to internal company networks. This factor has made the devices a part of the Internet. With increased collection and use of data, the need for more concentrated infrastructure is also increasing. At the same time, the advanced infrastructure of transforming industries is projected to take up less space and fewer resources and is promoting the use of more sensors and high network bandwidth. Thus, surging demand for IIOT in industrial automation is promoting single pair ethernet market growth.
Single Pair Ethernet Market: Segment Overview
The global single pair ethernet market report is segmented on the basis of type, infrastructure & device components, application, and geography. By type, the market is bifurcated into infrastructure & device components and software & services. Based on infrastructure & device components, the market is segmented into cables, connectors, and others. The cables segment is further segmented into 10Base-T1, 100Base-T1, and 1000Base-T1. Based on application, the market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. By geography, the single pair ethernet market share is split between North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
In 2022, North America held a significant global single pair ethernet market share. The single pair ethernet market in North America is segmented into the US, Canada, and Mexico. The presence of developed economies with high GDP per capita, large-scale industrialization and infrastructure, favorable economic policies, a positive outlook toward adopting modern technology, and a high inclination for automation across industrial and commercial sectors were considered while calculating the single pair ethernet market forecast of the region. Most Fortune 500 manufacturing companies have a strong presence in North America, especially in the US. The US is the largest user of industrial robotics in North America, with more than 75% share, followed by Mexico and Canada. Factors such as increased emphasis on improving production efficiency and high labor costs contributing to the adoption of Industry 4.0 practices at a higher rate were also considered while calculating the single pair ethernet market forecast. According to the Association for Advancing Automation, North America witnessed a 28% higher rate of robotics procurement in 2021 than in 2020. Also, 48% of robotics procurement was from automotive manufacturers, followed by metal, food, consumer goods, and semiconductors and electronics/photonics. Thus, the high inclination toward automation in the region is expected to boost North America’s single pair ethernet market share during the forecast period.
Various companies are launching new single pair ethernet solutions. For instance, in January 2023, Belden introduced its Single Pair Ethernet (SPE) portfolio of connectivity products designed to optimize Ethernet connection possibilities in harsh environments, including industrial and transportation operations in the US. Also, in November 2023, HARTING launched the Ha-VIS eCon 4000 M12T1 SPE, a single pair ethernet (SPE) switch with IP67 protection. The robust metal housing stands up to the adversities of harsh outdoor environments (tested for rail vehicles according to EN 50155). It enables secure data communication in challenging and demanding indoor industrial scenarios as well. Therefore, such launches promote the growth of the single pair ethernet market size in the region.
Single Pair Ethernet Market: Competitive Landscape and Key Developments
Major players of the single pair ethernet market analysis are taking measures to take advantage of the opportunities in emerging markets. Analog Devices Inc, Belden Inc, HARTING Applied Technologies GmbH, Lapp Holding SE, LEONI AG, Phoenix Contact Development and Manufacturing Inc, TE Connectivity Ltd, The Siemon Co, Weidmuller Interface GmbH & Co KG, and Würth Elektronik GmbH & Co KG are among the prominent players included in the global single pair ethernet market report. Several other important players were also analyzed during this single pair ethernet market analysis to get a holistic view of the global market and its ecosystem. The leading players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.
- In December 2023, Phoenix Contact launched a range of printed circuit board (PCB) terminal blocks for single pair ethernet running both data and power. The screw and push-in single pair ethernet terminal blocks in the Phoenix Contact Combicon range were made available with a pitch from 3.5 mm to 5.08 mm with 0.14 mm² to 2.5 mm² (26 AWG to 12 AWG) conductors as well as 0°, 45°, and 90° directions for design flexibility.
- In March 2023, Fischer Connectors released ultra-robust single pair ethernet and universal serial bus (USB) 3.2 Gen 2 connectivity products to meet the specific requirements of Industrial Internet of Things (IIoT) applications in rugged environments.