The global PoE chipsets market is expected to offer significant growth over the forecast period owing to increase in the number of internet users combined with growing need for rapid and compelling communication at minimum costs.
PoE is a technology that offers transfer of electronic power or signals and data over an Ethernet cable avoiding the use of separate power cords. Power is supplied in standard mode over distinctive pair of wires and comes from the power supply within the technologically-enabled networking device such as Ethernet switch.
PoE chipsets market is expected to witness exponential growth owing to its cost-effective and reliable data transfer abilities along with offering compelling value proposition for wireless LAN access points. Widespread adoption of IP telephony and increasing demand for network security cameras are projected to impel the industry demand. Further, adoption of the technology for digital signage and rising energy costs are estimated to increase energy-efficient PoE solutions industry growth.
Introduction of standards such as IEEE 802.3 for the technology expanded the end-user coverage to a wide range comprising security surveillance cameras, and wireless access points, which may drive the industry demand. The technology offers flexibility, reliability, safety, and scalability along with a centralized power backup and management. When incorporated into high-volume application and switching infrastructure, it can provide businesses and enterprises with reduced deployment costs, increased monitoring and control capabilities, and flexible network architectures, which are estimated to positively impact the demand over the years.
Aggressive advertising of the solutions, education, and training about the vast verticals by vendors and end-use industries are expected to offer lucrative opportunities for industry growth. Partnerships between multiple vendors have led to the migration of technology into new industries and expanding customer awareness.
Several enterprise end-users have enabled technology as a standard feature across various IP applications, enhancing the business case for equipment vendors. Majority of business class IP phones have started to deploy the technology as a standard feature. It offers a compelling value proposition for wireless LAN access points as it can be optimally deployed without tethering to an AC outlet. Further, network or IP-based cameras are replacing older analog cameras offering additional market penetration. The foreseen factors are anticipated to trigger growth over the forecast period.
However, leveraging the benefits of the technology requires high capital expenditure cost on data and electrical infrastructure. Customer inertia based on perception such as slow adoption rate and insufficient power requirements can act as a challenge for the industry. Additionally, lack of knowledge about the benefits of the technology and competitive offerings at lower cost remain as significant barriers for the industry.
The industry can be segmented on the basis of product into VoIP phones, pan tilt zoom cameras, proximity sensors, Ethernet switches, and wireless radio access points. Increasing demand for VoIP phones is anticipated to boost PoE chipsets market growth over the forecast period. This growth can be attributed to factors such as cloud hosting, back end analytics and cloud platform integration. Pan tilt zoom cameras offer features such as night vision, built-in motion tracking, and HD options, which are expected to hike the demand
North America is expected to be the prevailing region owing to the availability of technologically advanced infrastructure and is expected to endure over the forecast period. However, Asia Pacific is expected to witness considerable growth owing to various new opportunities for the vendors operating in the market.
Notable PoE chipsets market players include Beijing Dongda Jinzhi Technology Co. Ltd., Cisco, Shenzhen Quanma Industry Co. Ltd., STMicroelectronics, Silicon Laboratories, Microsemi Corporation, Akros Silicon. Inc., Shenzhen Brothers Young Development Co. Ltd., Flexcomm Technology, Maxim Integrated, VISIX, and ON Semiconductor. A variety of vendors from various sectors serve the industry including power infrastructure, semiconductors, network infrastructure, and cabling and network devices.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.