Global AS-Interface Market is valued at USD 952 Million in 2019 and expected to reach USD 1308 Million by 2026 with the CAGR of 4.65 % over the forecast period.
Scope of the report
AS-Interface is a smart cabling system that is designed to replace the complex wires linking actuators and sensors with a controlling device. AS-Interface known as AS-i is actually Actuator-Sensor Interface. It is used extensively in networking systems in numerous devices. It is constructed for simple device exchanges in a Master-Slave system, where a single AS-Interface can give-and-take input and output data with up to 62 AS-Interface Slave devices, with each AS-Interface Slave device capable of transfer up to four inputs and four outputs at any time. The AS-Interface devices offer several cost effective options along with simplicity for location and easy wiring benefits making them extremely attractive alternative to the conventional complex devices. AS-Interface’s advantage is its low wiring efforts and reduced hardware deployment. The AS-Interface systems reliable piercing technology, easy configuration options, flexible device connections, fast diagnostics and troubleshooting result in a significantly faster installation reducing significant amount of time and efforts.
Growing demand for AS-Interface’s in industrial networking used in programmable logic controller (PLC), distributed control system (DCS) and PC-based automation systems has accelerated the growth of global market. Modern automation systems are necessary to be designed to be networked, process larger amount of data, handle more data storage and must be user-friendly and be able to communicate with each other. AS-Interface’s allows designing such entities to perform essential automation tasks such as data storage, communication, number crunching etc. Growing trend in the industry to use industrial PCs as automation controllers is enhancing the growth of market. AS-Interfaces are widely in areas of factory automation, process technology and residential automation. In addition to this AS-Interface helps in saving around 15 to 40% of traditional cabling costs with better performance and less downtime. Rising technological advancements in 5G networks, artificial intelligence, cloud industry and the Internet of Things (IoT) based solutions will boost the growth of global AS-Interface’s market in the forecast period.
This report analyses the global market for AS-Interface. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
- Phoenix Contact
- IFM Electronic
- Baumer Electric
Above mentioned companies were scrutinized to assess competitive landscape of global AS-Interface market. Report provides company profiles of each player. Each profile include company product portfolio,business overview, company governance, company financials, business strategies, manufacturing locations and production facilities, company sale, recent developments and strategic collaborations & partnerships, new product launch, company segments, application diversification and company strength and weakness analysis.
Review period: (2016-2026)
Historic Period: 2016 to 2019
Forecast Period: 2020 to 2026
Base Year: 2019
Unit: USD Million
This AS-Interface market report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.
• North America: U.S., Canada and Rest of North America
• Europe: UK, France, Germany, Italy, Spain and Rest of Europe
• Asia Pacific: China, Japan, India, Australia, Southeast Asia and Rest of Asia Pacific
• Latin America: Brazil, Mexico, Argentina and Rest of Latin America
• Middle East and Africa: Gulf Countries, Israel, Africa and Rest of Middle East and Africa
North America is expected to dominate the global market with largest market share. Its large share is attributed to the presence of technologically advanced manufacturing sector, quick adoption and integration advanced technologies in process control and automation. Companies across all industries based in North American region are modernizing their facilities by gradually increasing their level of automation. According to International Federation of Robotics report the number of robots per employee has increased in the U.S. outpacing China. As of 2017 U.S. has 200 robots per 10 thousand employees whereas china has 97.
The automation in the industry is also due to the emerging technologies and their adoption into the end use applications such as Artificial intelligence assisted models in automated systems are allowing continuous operations learning and enhanced productivity improvements. Edge computing can expand PLC functionalities with more computing power and personalized operational needs without affecting overall production. Cloud based solutions which can be used to store the data from edge computing and other operations for auxiliary analysis and access. Augmented reality based solutions will enable workers to gain clear insights from controllers, device and assembly processes. These solutions will allow remote association between machine specialists, plant manufacturers, facility technicians and maintenance workers.
Asia-Pacific is expected to grow at the highest CAGR of 11.9% during the forecast period. Its growth is attributed to the growing automation in manufacturing sector, booming investments in countries such as China and India. Asia-Pacific region has witnessed strong industrial development in the last two decade. The region produces variety of engineering goods from miniaturized electronic equipment to machines and tools used to manufacture other goods. In addition, region is largest producer of Chemicals and petrochemicals, textiles and food products. The rapid growths patterns seen in several developing economies are expected to relatively supplement the growth of AS-Interface’s market in industrial networking. The region has been advancing towards automation in the industrial processes with booming investments from private as well as government sectors. For instance in Jan 2021 The Thailand Board of Investment (BOI) has sanctioned a series of measures to accelerate investments, to encourage business to adopt digital technologies.
o AS-i Gateway/Master
o AS-i Power Supply
o AS-i Slave
o AS-i Cable
o Food & Beverages
o Oil & Gas
o Water & Wastewater Treatment
• An overview of the global AS-Interface market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global AS-Interface market revenue data historic and forecast analysis (2016 to 2026)
• Characterization and quantification of the market segments for AS-Interface market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global AS-Interface Market Report
• What is the impact of COVID 19 epidemic on the global AS-Interface market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the global AS-Interface market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within AS-Interface market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?