Communications Interface MarketRecent Study Segments, Future Growth
Posted by Sakshi Mishra on December 14th, 2020
North America is currently dominating the global communications interface market. The US is expected to have the largest market share in the communications interface market in the region, followed by Canada and Mexico. The region has the presence of the majority of key players making the market highly competitive. These key players are focused on developing networking modules for enabling seamless network connectivity, which offers them a competitive advantage in the market. Also, the region has witnessed an increase in demand for wireless communications, thereby boosting the demand for communications interface modules. Europe holds the second position and accounts for a considerable share of the global communications interface market. The growing adoption of Industry 4.0 across the manufacturing sector in the region is driving the market growth.
Asia-Pacific is expected to record the highest CAGR in the global communications interface market. The region is one of the largest manufacturing hubs for networking and other related hardware devices, which drives the growth of the communications interface market in the region. Furthermore, initiatives by various governments in the region support digitalization, propelling the demand for communications interface modules, which is spurring the market growth in the region. Also, the increasing adoption of IoT and M2M communications across various industry verticals in the region is driving the growth of the communications interface market.
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MRFR has considered Omron (Japan), Honeywell International, Inc. (US), Texas Instruments (US), ABB (Switzerland), PR Electronics (Denmark), Eaton Corporation (Ireland), Gauging Systems (US), Rockwell Automation (US), ProSoft Technology (US), Parker Hannifin (US), Lenze (Germany), API Nanotronics (US), Qualcomm (US), Cisco Systems, Inc. (US), and NXP Semiconductor (Netherlands) as some of the key players in the global communications interface market.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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