Published On : 31 May 2018
The power line communication method is responsible for carrying the data on a conductor. It is used widely in internet access as well, which is known as broadband power line communication. The global broadband power line communication (PLC) chipsets market is anticipated to experience a shift in pattern of consumer demand in the past few years. The report attempts to explain the change in trend and its impacts on the broadband PLC chipsets market all over the world.
Increased Demand for Better Connectivity to Fuel Market Demand
The global broadband power line communication (PLC) chipsets market is extremely diverse and focused because of the emergence of various international as well as regional vendors all over the world. Moreover, these vendors are progressively concentrating on setting up their foot in the developing economies to extend their global reach.
Nevertheless, the market is foreseen to project a positive development, albeit developing a bit slowly in the upcoming years. The rise in demand for connectivity and mobility in testing services and consumer electronics are expected to go about as the key factors behind the growing demand for global broadband power line communication plc chipsets market.
Wide Usage of PLC for Commercial Applications as Well
On the basis of commercialized applications, the market is segmented into commercial, residential, and industrial. PLC is implemented in buildings, residential homes, and houses for various applications. It is mostly used in connection with home-utility services and smart grid applications. The other usage comprise e-cooking, net-washing, etc. For the purpose of commercialization, there are several applications which use PLC, such as energy saving systems for commercial buildings, localized alarm systems, electric sub-metering, and so on.
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The global broadband power line communications chipsets market is segmented on the basis of application, products, and region. On the basis application, the market can be split into lighting, smart grids, long haul, networking, security and surveillance, machine to machine, and so on. Moreover, on the basis of product, the global broadband PLC chipsets market is divided into hybrid and standalone. The industrial sections comprise of several sectors where PLC is used, such as automotive, consumer electronics, railroad and transportation, utilities, healthcare, oil and gas, telecommunications, and so forth. On the basis of geography market is segmented into Europe, North America, Asia Pacific, and ROW.
Key Players to Strategize On Grounds of Product portfolios and Price
Some of the key players in the global broadband PLC chipsets market are Megachips Corp., Yitran Technologies, Maxim Integrated, Qualcomm Inc. (Atheros), Intel, Semtech Corp., Broadcom Ltd., ST Microelectronics, Vango Technologies, Inc., and Marvell Technology Group. The development of these players is also dependent on market conditions, government support and advancement in the industries. Besides, these players seem to compete fiercely against each other in terms of brand, price, and product portfolios.
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