What is Industrial Media Converters Market?
Industrial media converters are rugged and compact devices that are used to convert and transmit Ethernet signals (video or serial signals) over fiber optic networks by converting digital electrical Ethernet signals, typically to fiber optic signals. This converter is used to extend the range of the network in harsh industrial environments. They are thereby integrated so as to extend the distance of various copper devices that include wireless access points and IP cameras in oil and gas pipelines, weather tracking, traffic management, and outdoor and industrial applications. Industrial media converters help to perform a wide variety of industrial tasks by providing advanced industrial communication functions such as monitoring machine activities and completing production processes, controlling advanced transportation systems, or managing power supply. The market is growing rapidly, mainly due to the growing need for industrial media converters for effective data transmission over long distances in hazardous areas. In addition, the migration from a local network to a fiber-optic network is expected to accelerate end-user demand for industrial media converters. That being said, increasing investments in upgrading existing network infrastructure and increasing demand for bandwidth in harsh environments are other important factors driving the growth of the industrial media converter market. However, the costs associated with maintaining fiber optic networks are a critical factor that is likely to hamper the growth of this market.
The market study is being classified by Type (Copper-To-Fiber Media Converters, Fiber To Fiber Media Converters, Standalone and Chassis-Based Media Converters and Unmanaged and Managed Media Converters), by Application (Building Automation, Military Application, Manufacturing, Factory Automation, Oil & Gas Drilling, Mining, Security & Surveillance and Others) and major geographies with country level break-up.
Black Box Corporation (United States), Infinite Electronics International, Inc. (United States), Sopto Technologies Co., Ltd (China), Belden Incorporated (United States), Omnitron Systems Technology, Inc. (United States), AFL Global (United States), Siemens AG (Germany), United Technologies Corporation (United States), Phoenix Contact (Germany) and Allied Telesis, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are KBC Networks (United States), Westermo Network Technologies AB (Sweden), Moxa Inc. (United States), ORing Industrial Networking Corp. (Taiwan) and Advantech Co., Ltd. (Taiwan).
The industrial media converter market is highly fragmented with the presence of various players operating in the market. Some of the major players operating in the industrial media converter market are Black Box Corporation (United States), Infinite Electronics International, Inc. (United States), Sopto Technologies Co., Ltd (China), among others. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Industrial Media Converters market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Industrial Media Converters market by Type, Application and Region.
On the basis of geography, the market of Industrial Media Converters 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing usage of Industrial Media Converter in Various Application
- Growing Investment in Upgrading Existing Networking Infrastructure
Market Trend
- Technology Advancement regarding Industrial Media Converter
Restraints
- Stringent government regulation
Opportunities
- Growing Demand from Emerging Market such as China, India, Brazil, among others
Challenges
- Increase Latency as well as Cause Issues in Redundant Systems
- Regular Maintenance Requirement for Fiber Optics
Market Leaders and some development strategies
On January 27, 2021, Belden Inc., a leading global supplier of specialty networking solutions, had thereby announced that it has entered into a definitive agreement towards acquiring a privately held OTN Systems N.V., which is a leading provider of automation networking infrastructure solutions, for approximately USD 71 million, net of cash acquired.
On January 26, 2021, L-com, a brand of Infinite Electronics and also a preferred manufacturer of wired and wireless connectivity products, announced the introduction of a new line of Gigabit Ethernet switches and triple speed media converters for use in demanding applications industrial and commercial network applications where PoE connected devices are urgently needed. The new Gigabit Ethernet switch line from L-com mainly consists of two models with plug-and-play functionality, unmanaged operation, and PoE-capable RJ45 ports. and In November 2018, the Perle Company has launched Industrial Fiber to Ethernet Media Converters. Hence, this launched will increase the product portfolio of the company.
Key Target Audience
Manufacturers of Industrial Media Converter, Suppliers of Industrial Media Converter, Wholesalers, Distributors, and Retailers of Industrial Media Converter, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others