The Asia Pacific single pair ethernet market was valued at US$ 1.12 billion in 2022 and is expected to reach US$ 3.29 billion by 2030; it is estimated to record a CAGR of 14.3% from 2022 to 2030.
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.
Despite the economic havoc caused by the onset of the COVID-19 pandemic in Japan, the country remained the second-largest market for industrial robots, following China. Japan is the largest exporter of industrial robotics. FANUC Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corp., and Kawasaki Robotics are among the leading robotics players producing a notable number of robotics. Thus, with the growing adoption of robotics and automation systems, the single pair ethernet market in APAC is poised to witness growth in the coming years.
China, South Korea, India, and Japan are among the world's largest automobile manufacturers. APAC has the presence of the largest automotive manufacturers, such as Toyota, Suzuki, Hyundai-Kia, Honda, Nissan, Tata Motors Limited, Mitsubishi, and Lexus. Further, several automotive giants have announced plans to expand their electric vehicle product portfolios. For instance, Toyota announced its plans to launch 30 electric cars by 2030. Honda has also announced its intention to sell only EVs or fuel-cell vehicles by 2040. Hyundai announced the launch of 17 new EV models by 2030. Thus, a rise in EV production would drive the APAC single pair ethernet market growth during the forecast period.
With the rising concern of carbon emissions, governments across APAC have started investing in renewable projects, including solar and wind energy projects. With the increase in investments and energy projects, the adoption of SPE is also increasing. China recently announced its plans to become carbon neutral by 2050. India announced that it would be carbon neutral by 2070.
Kyland Technology Co., Ltd.; ORing Industrial Networking Corp; Magnetic Communication Corporation; EmCom Technology Inc.; Zhejiang SUPCON Technology LTD, Co; and Nippon Seisen are among the leading companies operating in the single pair ethernet market in APAC.
Rising Demand for Robots and Smart Devices Boost Asia Pacific 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 Bröckskes 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.
Asia Pacific Single Pair Ethernet Market Overview
The APAC single pair ethernet market is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. Over the last few years, APAC has recorded the fastest adoption of industrial automation for quick and efficient manufacturing operations. According to the International Federation of Robotics, APAC is the largest market for industrial robots. In 2020, APAC accounted for 71% of all newly deployed industrial robotics. In 2020, China accounted for the largest market share for industrial robotics, with a 20% increase in its installations and 168,400 units sold.Despite the economic havoc caused by the onset of the COVID-19 pandemic in Japan, the country remained the second-largest market for industrial robots, following China. Japan is the largest exporter of industrial robotics. FANUC Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corp., and Kawasaki Robotics are among the leading robotics players producing a notable number of robotics. Thus, with the growing adoption of robotics and automation systems, the single pair ethernet market in APAC is poised to witness growth in the coming years.
China, South Korea, India, and Japan are among the world's largest automobile manufacturers. APAC has the presence of the largest automotive manufacturers, such as Toyota, Suzuki, Hyundai-Kia, Honda, Nissan, Tata Motors Limited, Mitsubishi, and Lexus. Further, several automotive giants have announced plans to expand their electric vehicle product portfolios. For instance, Toyota announced its plans to launch 30 electric cars by 2030. Honda has also announced its intention to sell only EVs or fuel-cell vehicles by 2040. Hyundai announced the launch of 17 new EV models by 2030. Thus, a rise in EV production would drive the APAC single pair ethernet market growth during the forecast period.
With the rising concern of carbon emissions, governments across APAC have started investing in renewable projects, including solar and wind energy projects. With the increase in investments and energy projects, the adoption of SPE is also increasing. China recently announced its plans to become carbon neutral by 2050. India announced that it would be carbon neutral by 2070.
Kyland Technology Co., Ltd.; ORing Industrial Networking Corp; Magnetic Communication Corporation; EmCom Technology Inc.; Zhejiang SUPCON Technology LTD, Co; and Nippon Seisen are among the leading companies operating in the single pair ethernet market in APAC.
Asia Pacific Single Pair Ethernet Market Segmentation
The Asia Pacific single pair ethernet market is categorized into type, application, and country.- Based on type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific single pair ethernet market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific single pair ethernet market share in 2022.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Single Pair Ethernet Market Landscape
5. Single Pair Ethernet Market - Key Market Dynamics
6. Single Pair Ethernet Market - Asia Pacific Market Analysis
7. Asia Pacific Single Pair Ethernet Market Analysis - by Type
8. Asia Pacific Single Pair Ethernet Market Analysis - by Infrastructure & Device Components
9. Asia Pacific Single Pair Ethernet Market Analysis - by Application
10. Asia Pacific Single Pair Ethernet Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Belden Inc
- Lapp Holding SE
- Phoenix Contact GmbH & Co.KG
- Weidmuller Interface GmbH & Co KG
- Harting Applied Technologies GmbH
- Analog Devices Inc
- Leoni Ag
- TE Connectivity Ltd
- Wurth Elektronik GmbH & Co KG
- The Siemens Co
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