Cisco Systems, Inc., STMicroelectronics, Texas Instruments Incorporated, Analog Devices, Inc., and Belden Inc., among others, are the significant players in the global market for power over ethernet solutions.
As per the analysis by Expert Market Research, the global power over ethernet solutions market is expected to grow at a CAGR of about 13% in the forecast period of 2022-2027, driven by its cost effectiveness.
The fundamental advantages of power over ethernet or PoE systems include reduced cabling time, maintenance expenses, and material prices. PoE systems are gaining popularity due to their ability to avoid weak and overcrowded networks. Globally, innovative city developments are boosting the demand for power over ethernet solutions market. The market's growth can also be attributed to the growing relevance of IoT and associated technologies such as smartphones.
Power over ethernet solutions are expected to be dominated by North America, owing to the region's large number of telecom networks and its abundance of practical development expertise. North America will likely be followed by Europe, which has similar technical adoption but a lower population. The demand is further boosted by North America's and Europe's high per capita spending capacity. As Asia's population expands, particularly in metropolitan areas, the market remains primarily untapped at the moment. Since living standards and salaries are increasing, this region can be a long-term driver of the power over ethernet solutions market.
In June 2021, STMicroelectronics announced a collaboration and licensing arrangement with Metalenz to develop production techniques for Metalenz's meta-optics technology for next-generation smartphones, consumer gadgets, healthcare, and automotive applications.
In addition, Analog Devices, Inc., in April 2021, announced a collaboration with MDA to provide the beamforming integrated circuit (BFIC) for MDA's complex phased array antenna for the Telesat Lightspeed low earth orbit (LEO) satellite constellation. Telesat Lightspeed is scheduled to debut in the second part of 2023 and will transform global broadband connections for commercial, government, and military industries. This might help the market for power over ethernet solutions flourish.
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|Headquarters:||California, United States|
Cisco is a technology company that designs, creates, and sells networking hardware, software, telecommunications gear, and other cutting-edge services and goods. Additionally, through its several acquired businesses, including OpenDNS, Webex, Jabber, and Jasper, Cisco focuses on specialised technological areas, such as the Internet of Things (IoT), domain security, and energy management.
STMicroelectronics is a global electronics and semiconductors manufacturer located in Geneva, Switzerland. The company was formed in 1987 by the merging of two state-owned semiconductor companies: France's ‘Thomson Semiconducteurs’ and Italy's ‘SGS Microelettronica’. ST is the company's common name, and it is Europe's most significant semiconductor chip manufacturer in terms of sales.
|Headquarters:||Texas, United States|
Texas Instruments, an American company, provides semiconductors and other integrated circuits for electrical designers and manufacturers worldwide. More than 80% of the company's revenue are derived from analogue chips and embedded CPUs. Additionally, TI creates digital light processing (DLP) and educational technology items, including multi-core computers, microcontrollers, and calculators.
|Headquarters:||Massachusetts, United States|
Analog Devices, Inc. (ADI), also abbreviated as Analog, is a privately held American company headquartered in the Massachusetts state of the United States. The business creates integrated circuits for analogue, mixed-signal, and digital signal processing (DSP). Light, sound, temperature, motion, and pressure are converted, conditioned, and processed to form electrical signals.
|Headquarters:||Missouri, United States|
Belden is a manufacturer of networking, connector, and cable equipment based in the United States. The firm develops, manufactures, and markets signal transmission devices. These products are used in industrial automation, business, security, transportation, infrastructure, and residential environments. Belden is a market leader in developing and manufacturing high-speed electronic cables for the industrial, corporate, and broadcast markets.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.