Asia-Pacific Communications Interface Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (1-Port, 2-Port, and Others), Mode of Communication (Wired and Wireless & Hybrid), and Application (Industrial Networking, Battery Monitorin

Asia-Pacific Communications Interface Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (1-Port, 2-Port, and Others), Mode of Communication (Wired and Wireless & Hybrid), and Application (Industrial Networking, Battery Monitoring System, Remote Sensors Communication, Railway Signalling System, Machine to Machine Communication, and Others)

The APAC communications interface market is expected to grow from US$ 2,016.71 million in 2022 to US$ 3,519.47 million by 2028. It is estimated to grow at a CAGR of 9.7% from 2022 to 2028.

Rising Adoption of Centralized Manufacturing Among Industries is Fuelling APAC Communications Interface Market

The increasing adoption of centralized manufacturing across the global manufacturing sector is boosting the demand for wireless communication devices and interfaces. Manufacturing plants can significantly reduce per unit manufacturing cost by using a single machinery to produce different products, thereby enabling the company to achieve economies of scale. According to the report, the raw material inventory turn-around and production efficiency are higher in companies with centralized manufacturing facilities. The adoption of centralized manufacturing enables efficient wireless communication among measuring and analyzing devices. Thus, the rising adoption of centralized communication is fueling the demand for wireless communication interfaces across the manufacturing industry. Centralized manufacturing also promotes local jobs, continuous production, and optimization of limited resources. These factors are further promoting the adoption of centralized manufacturing. This, in turn, will boost the demand for wireless communication interfaces, thereby contributing to the APAC communications interface market growth.

APAC Communications Interface Market Overview

The communication interface market in APAC is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. APAC is enhancing its manufacturing capabilities by streamlining and automating manufacturing processes by adopting the Industrial Internet of Things (IIoT). With the integration of AI, cloud computing, and advanced analytics, factories across the region can monitor and analyze data from complex machines in real-time. It also helps reduce machine downtime and avoid any other production risks. APAC is a prominent industrial robot manufacturer in the world. The region produces almost 45% of the global industrial robots demanded annually. Owing to the rising demand for industrial robots, Mitsubishi Electric Corporation; Toshiba Machine Co. Ltd.; FANUC CORPORATION; Kawasaki Heavy Industries, Ltd; Shibaura Machine CO., LTD; and other manufacturers have increased their production capacity considerably, which has increased the export of industrial robots from the region. According to the International Federation of Robotics (IFR), the robot export ratio in Japan rose to 78%, in 2020 and around 136,069 industrial robots were shipped in 2020. The increasing production of robots in APAC is propelling the demand for robot components, including PLCs and DCS. Therefore, the rising demand for robot components is boosting the growth of the APAC communications interface market.

APAC Communications Interface Market Revenue and Forecast to 2028 (US$ Million)

APAC Communications Interface Market Segmentation

The APAC communications interface market is segmented into product, mode of communication, application, and country. Based on product, the market is segmented into 1-Port, 2-Port, and others segment. The 2-Port segment registered the largest market share in 2022.

Based on mode of communication, the APAC communications interface market is segmented into wired and wireless & hybrid. The wired segment registered a larger market share in 2022. Based on application, the APAC communications interface market is segmented into industrial networking, battery monitoring system, remote sensors communication, railway signalling system, machine to machine communication, and others. the remote sensors communication segment registered the largest market share in 2022. Based on country, the APAC communications interface market is segmented into Australia, China, Japan, India, South Korea, and the Rest of APAC. China dominated the market share in 2022. ABB Ltd, Eaton Corp Plc, Honeywell International Inc, NXP Semiconductors NV, OMRON Corp, Parker Hannifin Corp, PR Electronics AS, Rockwell Automation Inc, and Socomec Holding SA are the leading companies operating in the APAC communications interface market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC communications interface market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC communications interface market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the communications interface market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution