The AS-interface industry is expected to develop significantly, reaching a value of US$ 2.5 billion by 2032. It is predicted to increase at a 6.5% CAGR from 2022 to 2032. In 2022, the market was estimated to be worth $1.1 billion.
Changing market trends are pushing up demand for actuator sensor (AS) interfaces in a range of applications, including warehouse management and robotics. This trend is expected to accelerate industry and market growth in the near future. AS-interface cables are replacing electric cables in the automation industry to link different I/O field devices like as gauges, valves, and actuators.
Area bridge, an industrial computer system protocol developed for optimal communication between sensors and actuators, is used by automation equipment makers. AS-interface also works with high-level field bus networks including DeviceNet, industrial Ethernet, Interbus, and Profibus.
It speeds up communication between sensors, controllers, and actuators. Because of its ease of use, variety, interoperability, and high efficiency, the AS-interface is widely employed by automation manufacturers all over the world.
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Because of the ease, speed, and small number of cables required for system installation, the global market for AS-interface is predicted to grow. Its application in workplace safety and the rapid expansion of automated processes would further increase demand.
The widespread adoption of industry 4.0 and the internet of things (IoT) across numerous industries is also fueling market expansion. They are used to enhance material flow and discover problems at an early stage in the product’s life cycle.
Government funding for factory automation is expected to promote use and development of AS-interface products even more. In comparison to wired devices, these are designed to assure safe data transfer and electricity.
Key Takeaways from AS-Interface Market Study
- The global AS-interface market exhibited a CAGR of about 4.0% from 2017 to 2021.
- Europe AS-interface market is projected to exhibit a CAGR of 40.2% in the next ten years.
- The USA AS-interface market is expected to be worth US$ 417.3 million by 2032.
- The United Kingdom AS-interface market is set to be worth US$ 152.5 million by 2032.
- Based on application, the drive control segment is likely to surge at 6.1% CAGR from 2022 to 2032.
“In recent years, the automotive industry has been at the vanguard of implementing AS-interface technology. Process automation is being used more and more in the process industry, which is causing the market to expand.” – Says a lead analyst.
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Competitive Landscape: AS-Interface Market
Top AS-interface solution suppliers are putting a lot of effort into standing out from the competition by providing top-notch customer support and service. This might help improve client loyalty and satisfaction. It might also result in repeat business and positive word-of-mouth referrals.
A few local AS-interface solution suppliers might spend money on marketing and promotion to build their brands and draw in new clients. It would encompass print media, trade exhibitions, online advertising, and other outlets.
For instance,
- In September 2021, Bihl+Wiedermann launched its new ASi-5/ASi-3 Gateways with high power needs for multiple nodes. Applications for industry 4.0 and the internet of things (IoT) receive data directly from the field level. The web server, among other things, offers quick system diagnostics and remote maintenance. Updates to the firmware and security are installed securely, and new features become accessible right away. Every new power supply has been thoroughly tested and optimized for usage with ASi-5/ASi-3 gateways.
Get More Exclusive Insights into AS-Interface Market Study
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the AS-interface market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the AS-interface market in terms of component (AS-I gateway/master, AS-I power supply, AS-I slave, AS-I cable), application (material handling, drive control, building automation), and region.
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AS-Interface Market Outlook by Category
By Component:
- AS-I Gateway/Master
- AS-I Power Supply
- AS-I Slave
- AS-I Cable
By Application:
- Material Handling
- Drive Control
- Building Automation
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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