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AS-Interface Market 2020 Global Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2023

The Global AS-Interface Market has been projected to exhibit a CAGR of 4.8% during the forecast period 2017 to 2023

AS-interface Market Synopsis:

The Global AS-Interface Market has been projected to exhibit a CAGR of 4.8% during the forecast period 2017 to 2023. The report highlights that the global market is set to touch a valuation of USD 1,178.3 Mn towards the end of the review period. The emergence of automation and robotics is expected to propel the expansion of the market in the upcoming years.

Actuator Sensor Interface, also known as ASi, is the industrial networking solution that has paved its way across different industry verticals. It is excessively in demand for use in applications such as conveyor control, bottling plants, electrical distribution systems, elevators, packaging machines, etc. Technological innovations are likely to dictate the growth trajectory of the AS-interface market over the next few years and develop more applications for accelerated revenue creation.

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ASi offers advantages such as simplicity, flexibility, compatibility, cost saving, etc. which are poised to catalyze market growth. The growth of the sensor technology in conjunction with the emergence of industrial automation is one of the primary drivers of the AS-interface market. It is anticipated to catapult the market on an upward trajectory.

AS-interface Market Competitive Dashboard:

Some of the noted players of the global AS-interface market profiled in this MRFR report are Pepperl+Fuchs GmbH (Germany), Baumer Electric AG (Switzerland), ABB Group (Switzerland), Emerson Electric Co. (U.S), IFM Electronic GmbH (Germany), Bihl+Wiedemann GmbH (Germany), Siemens AG (Germany), Schneider Electric S E (France), Valmet Corporation (Finland), and Phoenix Contact GmbH & Co. Kg (Germany).

AS-interface Market News:

In January 2019, Nvidia Corporation, an American technology company has announced the launch of complete drive autopilot package in partnership with ZF, a German car parts maker, and Continental AG, a German automotive manufacturing company. The new product was showcased at CES 2019 in Las Vegas.

In December 2018, TDK Corporation, a Japanese multinational electronics company, announced its products for display in CES 2019 which included its latest ultra-thin PiezoHapt™ actuator. The actuator is also claimed to be an expansion of its portfolio of haptic components.

In November 2018, SMC Australia New Zealand has announced the launch of D-MP actuation sensor, which is the first sensor in their product portfolio for detection of stroke position of air cylinders.

In September 2018, an international supplier of actuators, sensors, and embedded smart modules for the automotive sector, EFI Automotive, has partnered with Leti, France-based research institute for electronics and information technology, for the development of sophisticated model predictive control techniques to improve the response time of low-cost automotive components.

AS-interface Market Segmentation:

By component, the global AS-interface market has been segmented into AS-interface slave, AS-interface cable, AS-interface gateway, AS-interface power supply, and others.

By application, the AS-interface market has been segmented into building automation, material handling, drive control, and others.

By industry, the global AS-interface market has been segmented into automotive, metal and mining, food & beverage, chemicals, paper, oil & gas, pharmaceuticals, water & wastewater treatment, and others.

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AS-interface Market Regional Analysis:

The global AS-interface market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). North America, the leading regional market, accounts for almost 40% of the market share and is poised to retain its dominance through the assessment period. The consolidation of major players of the market in the region is expected to expedite the growth of the AS-interface market. Europe is projected to exhibit a similar trend owing to its fair share of global industry leaders in the consolidation. Meanwhile, Asia Pacific is prognosticated to gain quick mileage and witness a steeper rise in the growth curve over the next couple of years.

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