Market Overview:
The global communication converter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for communication converters in industrial and communication applications. Additionally, the growing demand for rolling stock vehicles is also contributing to the growth of this market. Based on type, the global communication converter market can be segmented into serial, Ethernet, Modbus, M-Bus and others. Serial communications are widely used in industrial automation applications owing to their simplicity and low cost. Ethernet-based converters are witnessing high adoption due their high speed and bandwidth capacity as compared with other types of converters available in the market. Modbus has emerged as a leading protocol for data exchange between devices across different platforms owing to its open standard architecture that allows interoperability among devices from different vendors.
Product Definition:
A communication converter is a device that converts one type of communication signal into another. This can be useful for translating between different formats, or for allowing devices that use different communications protocols to talk to each other.
Serial:
The global serial is expected to grow at a CAGR of XX% in the communication converter market from 2018 to 2024. The growth can be attributed to the increasing demand for high-speed data transmission and rising adoption of IoT (Internet of Things) across industries.
The serial technology has been around for more than two decades, but its applications have proliferated only recently owing to technological advancements such as USB 3.0 and Bluetooth Low Energy (BLE).
Ethernet:
Ethernet is a group of protocols for local area network (LAN) connectivity. Based on the data transfer rate, Ethernet can be categorized into two types namely Fast Ethernet and Gigabit Ethernet. The primary function of an ethernet is to provide a simple, reliable and protocol-driven connection between devices located remotely near each other.
Application Insights:
The communication segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for data transfer and growing number of smartphones across the globe. Serial and Ethernet converters are widely used for communication applications as they offer high bandwidth, low latency, and high stability transfer rates over a serial link. Modbus is another popular protocol that is used for industrial automation applications owing to its wide application scope including process control, manufacturing systems, etc. M-Bus is yet another popular protocol that is used extensively across railway networks as it provides real-time communications between train components such as locomotive controller area network (CCAN) which enables advanced safety features such as trackside communications between trains operating on different rail tracks thereby enhancing overall railway operations.
The electricity segment accounted for a significant market share in terms of revenue generation in 2017 due to rising demand from renewable energy generation sources such as wind turbines.
Regional Analysis:
The market in Asia Pacific and South America is expected to grow at a significant rate over the forecast period owing to the increasing demand for mobile devices, rapid technological advancements, and rising disposable income. The growing industrialization in these regions coupled with government initiatives towards infrastructure development is anticipated to drive growth. For instance, China has launched its 13th Five-Year Plan (2016 - 2020) which includes smart manufacturing initiative that aims at integrating communication systems into industrial equipment. Such developments are projected to increase demand for global communication converters over the forecast period.
North America accounted for more than 25% of revenue share in 2017 owing to high product penetration along with presence of major application industries such as oil & gas industry and healthcare sector that requires constant monitoring & maintenance of critical systems across various locations within a company or across multiple companies within an industry verticals such as power generation or transportation etc.
Growth Factors:
- Increasing demand for communication converter in various industries such as automotive, aerospace & defense, and industrial to name a few
- Rising number of communication standards and protocols
- Growing trend of miniaturization in electronic devices
- Proliferation of the Internet-of-Things (IoT) and connected devices
- Emergence of new applications areas for communication converters
Scope Of The Report
Report Attributes
Report Details
Report Title
Communication Converter Market Research Report
By Type
Serial, Ethernet, Modbus, M-Bus, Others
By Application
Industrial, Communication, Electricity, Rolling Stock Vehicle, Others
By Companies
OMRON, Redlion, RKC, Comtrol, Seneca, Circutor, 3onedata, AMiT, Cd Automation, Leroy, Fiberplex, Extreme, Odot, KNTECH, Shinko
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Communication Converter Market Report Segments:
The global Communication Converter market is segmented on the basis of:
Types
Serial, Ethernet, Modbus, M-Bus, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Communication, Electricity, Rolling Stock Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OMRON
- Redlion
- RKC
- Comtrol
- Seneca
- Circutor
- 3onedata
- AMiT
- Cd Automation
- Leroy
- Fiberplex
- Extreme
- Odot
- KNTECH
- Shinko
Highlights of The Communication Converter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Serial
- Ethernet
- Modbus
- M-Bus
- Others
- By Application:
- Industrial
- Communication
- Electricity
- Rolling Stock Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Communication Converter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A communication converter is a device that helps people who speak different languages to communicate with each other. It can be used to translate words, phrases, or entire conversations.
Some of the major players in the communication converter market are OMRON, Redlion, RKC, Comtrol, Seneca, Circutor, 3onedata, AMiT, Cd Automation, Leroy, Fiberplex, Extreme, Odot, KNTECH, Shinko.
The communication converter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Communication Converter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Communication Converter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Communication Converter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Communication Converter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Communication Converter Market Size & Forecast, 2018-2028
4.5.1 Communication Converter Market Size and Y-o-Y Growth
4.5.2 Communication Converter Market Absolute $ Opportunity
Chapter 5 Global Communication Converter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Communication Converter Market Size Forecast by Type
5.2.1 Serial
5.2.2 Ethernet
5.2.3 Modbus
5.2.4 M-Bus
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Communication Converter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Communication Converter Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Communication
6.2.3 Electricity
6.2.4 Rolling Stock Vehicle
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Communication Converter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Communication Converter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Communication Converter Analysis and Forecast
9.1 Introduction
9.2 North America Communication Converter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Communication Converter Market Size Forecast by Type
9.6.1 Serial
9.6.2 Ethernet
9.6.3 Modbus
9.6.4 M-Bus
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Communication Converter Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Communication
9.10.3 Electricity
9.10.4 Rolling Stock Vehicle
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Communication Converter Analysis and Forecast
10.1 Introduction
10.2 Europe Communication Converter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Communication Converter Market Size Forecast by Type
10.6.1 Serial
10.6.2 Ethernet
10.6.3 Modbus
10.6.4 M-Bus
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Communication Converter Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Communication
10.10.3 Electricity
10.10.4 Rolling Stock Vehicle
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Communication Converter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Communication Converter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Communication Converter Market Size Forecast by Type
11.6.1 Serial
11.6.2 Ethernet
11.6.3 Modbus
11.6.4 M-Bus
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Communication Converter Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Communication
11.10.3 Electricity
11.10.4 Rolling Stock Vehicle
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Communication Converter Analysis and Forecast
12.1 Introduction
12.2 Latin America Communication Converter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Communication Converter Market Size Forecast by Type
12.6.1 Serial
12.6.2 Ethernet
12.6.3 Modbus
12.6.4 M-Bus
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Communication Converter Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Communication
12.10.3 Electricity
12.10.4 Rolling Stock Vehicle
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Communication Converter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Communication Converter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Communication Converter Market Size Forecast by Type
13.6.1 Serial
13.6.2 Ethernet
13.6.3 Modbus
13.6.4 M-Bus
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Communication Converter Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Communication
13.10.3 Electricity
13.10.4 Rolling Stock Vehicle
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Communication Converter Market: Competitive Dashboard
14.2 Global Communication Converter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OMRON
14.3.2 Redlion
14.3.3 RKC
14.3.4 Comtrol
14.3.5 Seneca
14.3.6 Circutor
14.3.7 3onedata
14.3.8 AMiT
14.3.9 Cd Automation
14.3.10 Leroy
14.3.11 Fiberplex
14.3.12 Extreme
14.3.13 Odot
14.3.14 KNTECH
14.3.15 Shinko
