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The communication relay market share is expected to increase to USD 114.62 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.8%.
This communication relay market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers communication relay market segmentation by application (telecom switching systems, mobile base stations, broadband equipment, and broadband studios) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The communication relay market report also offers information on several market vendors, including ABB Ltd., American Electronic Components Inc., American Zettler Inc., Fujitsu Ltd., IDEC Corp., KEMET Corp., OMRON Corp., Panasonic Corp., Phoenix Contact GmbH and Co. KG, Rao Electromechanical Relays Pvt. Ltd., RJS Electronics Ltd., Schneider Electric SE, Siemens AG, Song Chuan Precision Co. Ltd., TE Connectivity Ltd., Teledyne Technologies Inc., Xiamen Hongfa Electroacoustic Co. Ltd., and Zhejiang CHINT Electrics Co. Ltd. among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The miniaturization of electronic components is notably driving the communication relay market growth, although factors such as increasing demand for wireless communication networks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the communication relay industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Communication Relay Market Driver
The miniaturization of electronic components is one of the factors driving the communication relay market growth. Small components not only require a small PCB but also efficient electronic components such as diodes, relays, rectifiers, thyristors, and other discrete electronic components to reduce overall power use and protect electronic devices. Large PCBs and thicker interconnects can lead to signal propagation issues and power loss, which can lead to shorter uptime for battery-powered communication devices. However, communication relay equipment, such as reed relays and compact signal relays, overcome these problems by providing a fast-switching action and a low forward voltage drop. Therefore, the miniaturization of communication equipment will drive market growth during the forecast period.
Key Communication Relay Market Trend
Rising strategic partnerships and acquisitions in telecom industry is one of the key communication relay market trends fueling the market growth. Primarily, strategic partnerships and acquisitions help telecom service providers expand their radio access network services to offer better network connectivity. In view of this, several service providers are forming new strategic partnerships and acquisitions to expand their market share. Furthermore, the United States Cellular Corp is planning to expand its home Internet service in both urban and rural areas, including Springfield and Tipton, Mo., Knoxville, Tenn., and Kenosha and Milwaukee during the forecast period. These factors will fuel the market growth during the forecast period.
Key Communication Relay Market Challenge
Increasing demand for wireless communication networks is one of the key factors challenging the communication relay market growth. A wireless communication network provides easy access to the Internet by using devices such as Wi-Fi routers and modems. Significantly, signal relays are an integral part of modems and routers and aid in switching the signal and controlling the network connection. This will increase the demand for wireless communication and thereby increase the demand for communication relay equipment. Furthermore, the shift toward the use of wireless networks, especially in commercial and industrial setups, is expected to provide high growth opportunities for vendors in the market during the forecast period.
This communication relay market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global communication relay market as a part of the global electronic components market within the electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the communication relay market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the communication relay market encompasses successful business strategies deployed by the key vendors. The communication relay market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The communication relay market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the communication relay market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the communication relay market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing 4G network contribution to mobile broadband network connections will facilitate the communication relay market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, in 2021, the demand for communication relay equipment gained traction, increasing the regional end-user activities because of the removal of lockdown limitations in APAC, owing to large-scale vaccination campaigns across the region. This, in turn, is likely to contribute positively to the market growth throughout the forecast period.
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The communication relay market share growth by the telecom switching systems segment will be significant during the forecast period. In telephone switching equipment, communication relay equipment is mounted on PCBs and offers high-speed signal switching ability. Switching systems are telecommunication network that enables a distant call. Switching stations provide an effective connection between different telecom subscribers, and these systems as a group form a telecommunication network. These factors are expected to boost the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the communication relay market size and actionable market insights on post COVID-19 impact on each segment.
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Communication Relay Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
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Market growth 2022-2026 |
$ 114.62 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.36 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., American Electronic Components Inc., American Zettler Inc., Fujitsu Ltd., IDEC Corp., KEMET Corp., OMRON Corp., Panasonic Corp., Phoenix Contact GmbH and Co. KG, Rao Electromechanical Relays Pvt. Ltd., RJS Electronics Ltd., Schneider Electric SE, Siemens AG, Song Chuan Precision Co. Ltd., TE Connectivity Ltd., Teledyne Technologies Inc., Xiamen Hongfa Electroacoustic Co. Ltd., and Zhejiang CHINT Electrics Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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