The global AS-interface market size is projected to reach US$ 2.5 billion by 2032. It is estimated to exhibit a CAGR of 6.5% from 2022 to 2032. In 2022, the market stood at a valuation of around US$ 1.1 billion.
According to industry analysis, evolving market trends are driving the rising need for actuator sensor (AS) interface across several applications. These include warehouse management and building robotics. These trends are anticipated to support both industry and market growth during the foreseeable period.
Actuator sensor interface connections are quickly displacing electric cables in the automation sector. Connecting numerous I/O (input/output) field devices requires the usage of actuator sensor interface cables. A few of these commonly used devices are gauges, vicinity valves, actuators, and process valves.
Automation equipment vendors strongly prefer area bridges. It is an industrial computer system protocol that is built for perfect interaction between actuators and sensors. This is so that actuators and sensors might communicate effectively thanks to a field bus's design.
High electric field bus networks can use the cost-effective remote I/O technologies provided by AS-interface. These I/O solutions are used by high-level field bus networks such as Device Net, industrial Ethernet, Interbus, and Profibus. They also help to expedite information between sensors, controllers, and actuators.
Manufacturers working in the automation industry around the world use AS-interface networks. This is attributed to its ease of use, compatibility, versatility, and high efficiency.
The most recent development in the global market is a growing propensity toward process automation to maximize output and efficiency. Numerous sectors are implementing industry 4.0 and the internet of things (IoT) to improve material flow and spot mistakes early in a product's life cycle.
It is projected that the market would rise due to the ease, speed, and minimal amount of cables required for AS-interface system installation. Widespread use of AS-interface for workplace safety and quick expansion of automation processes are projected to have a beneficial impact on the market.
The government's increased support for acceptance of factory automation across various industries is also anticipated to contribute to high consumption. It would further help to increase the development of AS-interface products. These can identify the minimum value of a computer control infrastructure and ensure safe data transfer & electricity when compared to wired devices.
Attributes | Key Insights |
---|---|
AS-Interface Market Estimated Size (2022E) | US$ 1.1 billion |
Projected Market Valuation (2032F) | US$ 2.5 billion |
Value-based CAGR (2022 to 2032) | 6.5% |
USA Value-based CAGR (2022 to 2032) | 5.3% |
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A new report by Future Market Insights (FMI) mentions that the global AS-interface market share was considerable in the last five years. The market exhibited a CAGR of about 4.0% from 2017 to 2021. It is projected to witness 6.5% CAGR in the evaluation period.
The automotive sector has been at the forefront of incorporating AS-interface technology in recent years. The market is expanding as a result of the process industry's increasing use of process automation.
Necessity to adopt safety instrument systems is driven by the need for safety in the industrial production and automation sectors. As a result, demand for traditional wired equipment systems and AS-interface systems are closely tied.
Europe is set to have a significant AS-interface market size throughout the projection period. Growing need for AS-interface in the automotive sector has led to expansion of the regional market.
The region is projected to exhibit a CAGR of 40.2% in the next ten years. Pepperl+Fuchs GmbH is one of the leading companies in the field of AS-interface in Europe.
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Launch of New AS-Interface Control Tools in the USA to Push Demand
The USA AS-interface market is expected to be worth US$ 417.3 million by 2032. It is projected to create an absolute dollar growth of US$ 169.5 million in the assessment period.
The USA showcased growth at a CAGR of 2.6% from 2017 to 2021. It is expected to broaden at a CAGR of 5.3% from 2022 to 2032.
In October 2022, the New ASi-3 gateway was introduced by Pepperl+Fuchs. With parallel cloud connectivity made possible by Pepperl+Fuchs' new ASi-3 gateway, more process transparency is possible.
IoT apps and PLC communication can be implemented concurrently using the REST API interface. Both PROFINET and EtherNet/IP are supported by the multiprotocol AS-interface 3 gateway.
Introduction to Novel Functionalities by United Kingdom-based Firms to Drive AS-Interface Cable Sales
The United Kingdom AS-interface market is set to be worth US$ 152.5 million by 2032. It is expected to create an absolute dollar opportunity of US$ 64.5 million in the forecast period.
The United Kingdom witnessed growth at a CAGR of 2.9% from 2017 to 2021. It is estimated to escalate at a CAGR of 5.7% from 2022 to 2032.
In 2020, Turuck Banner, a United Kingdom-based firm, introduced new IIot functions in RFID. It unveiled these functions for interfaces with OPC UA Server.
The HF bus mode enables a connection of up to 32 HF read/write devices to each unique RFID input. It is supported by Turck's TBEN-L5-4RFID-8DXP-OPC-UA as the first RFID module with an integrated OPC UA server by using a firmware upgrade.
Increasing Adoption of Industry 4.0 in China would Fuel Actuator Sensor Interface Demand
China AS-interface industry is set to surpass US$ 177.6 million by 2032. It is estimated to create an incremental opportunity of US$ 91.1 million in the assessment period.
China showcased growth at a CAGR of 5.5% from 2017 to 2021. It is projected to elevate at a CAGR of 7.5% from 2022 to 2032.
In the next ten years, China is anticipated to expand rapidly propelled by escalating industrial automation and the uptake of industry 4.0. Surging demand for smart factories would also propel sales. The government's support for expansion of the manufacturing industry and growing emphasis on innovation & technology are anticipated to fuel market expansion.
AS-I Gateway/Master Protocol to Exhibit Surging Demand Globally by 2032
The AS-I gateway/master segment by component is projected to witness a significant growth rate by 2032. It has numerous applications in the automotive, as well as oil & gas sectors.
AS-I gateway's predominant application in process industries is one of the factors contributing to its rising demand. It is capable of monitoring communication of linked devices. It also provides assistance in identifying errors.
As per Future Market Insights (FMI), the AS-I gateway/master segment exhibited around 3.9% CAGR from 2017 to 2021. It is likely to expand at about 6.3% CAGR from 2022 to 2032.
Drive Control Application to Create Exponential Demand for ASI Networks
Based on application, the drive control segment is estimated to lead the global market in the forecast period. Expansion of the automotive industry can be associated with its increasing need.
CAGR for the drive control segment was around 3.8% from 2017 to 2021. It is likely to surge at 6.1% CAGR from 2022 to 2032.
The AS-interface motor module aids in driving solutions and helps to cut costs & time during installation, commissioning, and maintenance. To regulate the motion during manufacturing process, the AS-interface DC 24 V motors and related sensors are directly linked to AS-interface.
Leading AS-interface solution providers are focusing on differentiating themselves by offering excellent customer support and service. This can help increase customer satisfaction and loyalty. It can further lead to repeat business and positive word-of-mouth recommendations.
A few small-scale AS-interface solution providers might invest in marketing and advertising to increase brand awareness & attract new customers. It would include online advertising, trade shows, print media, or other channels.
A few recent developments in the AS-interface market are:
Attribute | Details |
---|---|
Estimated Market Size (2022) | US$ 1.1 billion |
Projected Market Valuation (2032) | US$ 2.5 billion |
Value-based CAGR (2022 to 2032) | 6.5% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | Value (US$ billion) |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
Key Segments Covered | Component, Application, Region |
Key Companies Profiled | Bihl+Wiedemann GmbH; Baumer Electric AG; Pepperl+Fuchs GmbH; Siemens AG; Valmet Corporation; ABB Ltd.; Emerson Electric; IFM Electronic GmbH; Phoenix Contact GmbH and Co. Kg; Schneider Electric SE |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The launch of new AS-Interface control tools pushes the demand.
The market was valued at US$ 1.1 billion in 2022.
The market is forecast to register a CAGR of 6.5% through 2032.
The increasing need for automation and rising safety requirements is the key trend.
AS-Interface boosts workplace safety and leads to automation growth.
1. Executive Summary | AS-Interface Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ billion) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ billion) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) Analysis By Component, 2017 to 2021
5.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Component, 2022 to 2032
5.3.1. AS-I Gateway/Master
5.3.2. AS-I Power Supply
5.3.3. AS-I Slave
5.3.4. AS-I Cable
5.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ billion) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Material Handling
6.3.2. Drive Control
6.3.3. Building Automation
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ billion) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ billion) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Component
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Component
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Component
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Component
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Component
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Application
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Gulf Cooperation Council Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Component
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Component
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Component
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Component
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Component
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Component
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Component
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Component
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Component
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Component
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Component
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Component
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Component
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Component
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Component
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Component
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Component
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Component
13.17.2.2. By Application
13.18. Gulf Cooperation Council Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Component
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Component
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Component
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Component
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Bihl+Wiedemann GmbH
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. Baumer Electric AG
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Pepperl+Fuchs GmbH
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Siemens AG
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. Valmet Corporation
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. ABB Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. Emerson Electric Co.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. IFM Electronic GmbH
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. Phoenix Contact GmbH & Co. Kg
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. Schneider Electric SE
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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