What is Broadband Power Line Communication Chipset?
Power Line Communication (PLC) refers to techniques that utilize the existing electric power lines as a communication medium. It provides reliable narrowband (below 500 kHz) and high-speed broadband (up to 1 Gbps) connectivity for many IoT applications. It is mainly used for telecommunication, tele-protection and tele-monitoring between electrical substations through power lines at high voltages. This Chipset are designed to support power line communication. Growing industrial verticals and automation in building, constructions and healthcare activities driving demand for market. Geographically, Asia pacific region has been recognized as highly growing market with increasing industrial expenditure of industrial verticals. Therefore, Asia Pacific region are considered to be the dominant market over forecast period.
The market study is broken down, by Application (Smart Grids & Networking, Security & Surveillance, Long Haul and Others) and major geographies with country level break-up.
The market of Broadband Power Line Communication Chipset is expected to grow with rising industrial verticals. Increasing demand for chip set in automation process in several industrial verticals driving the demand for the market. Several companies are operating in the market to provide Broadband Power Line Communication Chipset with various features & unique offering. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MegaChips Corporation (United States), Semtech (United States), Maxim Integrated (United States), Broadcom Ltd. (United States), ST Microelectronics (Switzerland), Qualcomm Inc. (United States), Vango Technologies, Inc. (China) and Marvell Technology Group (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Broadband Power Line Communication Chipset market by Type, Application and Region.
On the basis of geography, the market of Broadband Power Line Communication Chipset has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Construction & Building Automation will boost the Broadband Power Line Communication Chipset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. Low (Less than 24V) will boost the Broadband Power Line Communication Chipset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technique, the sub-segment i.e. Standalone will boost the Broadband Power Line Communication Chipset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. System on Chip will boost the Broadband Power Line Communication Chipset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
According to the International Telecommunication Union (ITU), fixed broadband subscriptions in the U.S. reached the 105.82 million mark in 2020. Increasing demand for technological advancements and proliferation of IoT devices across the power industry impacting on the overall industrial profitability.
Market Trend
- Huge Adoption of Standalone over others
Market Drivers
- Growing Industrial Expenditure of Healthcare, and Transportation
- Increasing Demand for Automation in Building & Construction
Opportunities
- Growing Technological Advancements in Broadband Power Line Communication Chipset
- Rising Demand for Broadband Power Line Communication Technology in Indoor Networking
Restraints
- Increasing Concern regarding High Voltage Uses
Challenges
- Complexity in System Functioning
- Huge Cost associated with Manufacturing Setup
Key Target Audience
Broadband Power Line Communication Chipset Manufacturers, Broadband Power Line Communication Chipset Suppliers, Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.