Factors attributing toward the growth of Single Pair Ethernet (SPE) include, increasing demand for industrial automation, IIoT-based applications, adoption of industrial robots, inclination towards having access on real-time monitoring applications, and smart devices. Moreover, demand for faster communication and self-diagnostic reporting with lesser downtime are other parameters creating demand for SPE in different corners of the world, hence supporting market growth. Further, high requirement for data rate transmissions has been limited for many years; however, SPE made it feasible for video surveillance cases that needs more data power. Augmented demand and data transmissions enable video surveillance and cameras to trigger security alarms faster to provide building security more time to respond to situations. The factors mentioned above are creating a positive impact on the growth of SPE and thereby increasing the market growth.
Analog Devices, Inc., LAPP Group, LEONI, PHOENIX CONTACT India Pvt. Ltd. and TE Connectivity Ltd. – Prominent Market Participants in Single Pair Ethernet Market
North America has diverse and developed industrial presence across the region, and manufacturers from automotive, metals, pharmaceuticals, and consumer goods sector have increased their adoption of robotic and automation processes. Further, the region is expressing increasing sales of EVs and rise in deployment of clean energy projects such as wind and solar which is among another factor for high market share of single pair ethernet. The increasing deployment of robots in manufacturing industries in countries such as China, Japan, India, and South Korea is a major factor driving the single pair ethernet market in APAC. Further, the countries have a large automotive sector which produces notable number of vehicles and with the regional automotive players increasing their EV product line the demand for single pair ethernet is projected to witness major traction.
Analog Devices, Inc., LAPP Group, LEONI, PHOENIX CONTACT India Pvt. Ltd. and TE Connectivity Ltd. are among the well-known players operating in the global single pair ethernet market and are focused on product development and innovations. The listing of key players is derived by considering multiple factors such as overall revenue, current single pair ethernets solution portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global single pair ethernet market ecosystem, such as Belden Inc.; HARTING Technology Group; Siemon; TE Connectivity Ltd.; Wiedmuller Interface GmbH & Co. KG; and Wurth Elektronik. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | Analog Devices announced that the company will invest €100 million over the next three years in ADI Catalyst, a 100,000 square foot custom-built facility for innovation and collaboration located at its campus in the Raheen Business Park in Limerick, Ireland. | North America |
| 2021 | LAPP sponsors for building the world’s fastest tunnel boring machine. The task set in the competition to design and construct a tunnel boring machine that is faster than the current systems, which are currently unable even to keep up with the speed of a snail and thus reroute traffic underground in the long term. | Europe |
