The development of security standards and the constant evolution of technology will be two of the main factors that will favor the growth of the market for secure connection devices. That is, at least, what we can conclude from the new Brandessence Market Research and Consulting report: “the market for secure connection devices is growing at a significant rate of 6.71% and is expected to reach a revenue of 15.5 billion dollars in 2020 and that it reaches 21.49 billion dollars in 2025”.
Key market players
According to the same report, the main players in the market for safe connection devices are Rockwell Automation, Inc., ABB Ltd., Advantech Co., Ltd., Bihl + Wiedemann GmbH, Honeywell International Inc., Schneider Electric SE, Lumberg Automation Components GmbH, Murrelektronik Inc., Weidmuller Interface GmbH and Co. KG , TE Connectivity Ltd. , Ifm electronic gmbh and Banner Engineering Corp..
Characteristics of secure connection devices
Safe connection devices are complete wiring solutions dedicated to machine safety. They help reduce the cost of installation and maintenance, simplify troubleshooting, and provide system modularity while providing security. Secure connection devices also offer reliable communication between emergency switches, safety switches and switch cables, etc…
Market segmentation
The market for secure connection devices is segmented into the following two main types:
By type: cables and cords, connected, portals, adapters, relays…
By application: automotive, manufacturing, healthcare, energy industry…
Analysis by region or country
The growing demand for secure and reliable connection devices is expected to favor the growth of the European market. The integration of this advanced security in new vehicles is expected to grow from 10.2% in 2012 to 49% in 2027. Finally, Europe has several ways to promote the complete emergence of connected devices.
The growing demand for automation will continue to grow given the ever-increasing requirements for high-quality products, coupled with expectations of equally high reliance on high-volume production. With automation on the rise in all industries, the demand for secure connection devices will grow as well. For this reason, the automotive industry is expected to consume the most secure connection devices in the coming years.
