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Contactless Coupler Market

Contactless Coupler Market

Contactless Coupler Market Analysis by Product Type (FORJ Contactless Couplers, Inductive Couplers, Capacitive Couplers), by Use Case (Data Transmission, Power Transmission, Hybrid), by Sales Channel, by End-use Industry & Regional Forecast 2022-2032

Contactless Coupler Market
FACT7156MR
  • Mar-2022
  • List of Tables : 117
  • List of Figures : 174
  • 170 Pages
  • Industrial Goods

Contactless Coupler Market Outlook (2022-2032)

Global contactless coupler market revenue is estimated at US$ 471 Mn in 2022. The market is forecast to expand at a CAGR of 5.4% and reach a valuation of US$ 803 Mn by 2032.

Report Attributes

Details

Contactless Coupler Market Size (2021A)

US$ 450.1 Mn

Estimated Year Value (2022E)

US$ 471 Mn

Projected Market Value (2032F)

US$ 803 Mn

Global Market Growth Rate (2022-2032)

5.4% CAGR

North America Market Share (2021)

~30%

Top 5 Companies’ Market Share (2021)

~35%

Key Companies Profiled

  • Cobham Ltd.
  • Moog
  • NSD Corporation
  • PHOENIX CONTACT
  • Schleifring GmbH
  • Spinner

Worldwide consumption of contactless couplers currently accounts for around 5% share of the global coupler market.

Expanding application of contactless power transmission in defence, aerospace, automobile, and other end-use industries is set to provide ample of opportunities to manufacturers. Due to this extensive demand outlook, the market is estimated to create an absolute $ opportunity of close to US$ 353 Mn during the assessment period of 2022-2032.

Overall, the contactless coupler market is expected to grow 1.8X during the assessment years due to growing use case in telecommunication and rising industry automation across the globe.

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Demand Analysis of Contactless Couplers (2017-2021) Vs Market Outlook (2022-2032)

The global contactless coupler market registered growth at around 1% during the historical period (2017-2021), and a squeeze in demand for contactless couplers was witnessed due to COVID-19 pandemic. A decline of 5.5% was registered in 2020, which affected the demand-supply equilibrium of the market.

However, Fact.MR’s industrial goods team has analyzed end-use industry trends, regional clusters, key macro and micro factors, and end-use industry behavior towards contactless couplers. The weighted average of all these prominent factor draws a growth line of 5.4% CAGR for the assessment period.

Economies of East Asia and South Asia & Oceania, including Japan, South Korea, India, Indonesia, Malaysia, and Thailand, are scrutinized to navigate the demand trajectory of the market. China and India are presumed to be prominent pillars for market development.

Contactless Coupler Market forecast analysis by Fact.MR

What Opportunities Lie Ahead for Contactless Coupler Manufacturers?

“Wind Turbines Supplementing Growth Trajectory of Contactless Couplers”

Consumption of conventional energy sources generates a significant amount of CO2 and other greenhouse gasses. Due to this, a dynamic shift has been observed from conventional to renewable sources of energy over the past few years. Wind turbines are considered as a prominent source of renewable energy, which is likely to address the dynamic energy demand and CO2 emission challenges.

Wind turbines require reliable power and data transmission from the nacelle to the control system for rotary blades. In addition, contactless coupler solutions are likely to improve the efficiency of wind turbines for power generation. Owing to this, demand for power supply couplers in wind turbines is likely to increase due to their power transmission applications.

Thus, rising application in wind turbines is likely to aid the supply chain and surge product penetration of wireless connectors.

“Defense Sector Driving Demand for Contactless Couplers”

Increasing defense budgets and emergence of efficient machinery in defense are projected to intensify the adoption of contactless couplers at defense manufacturing facilities. This is due to the application of torque coupling, disk coupling, hysteresis coupling, and magnetic couplings in machinery.

All operations in defense are associated with the utilization of radar and satellites to ensure efficient power and signal transmission for safety applications.

Contactless couplers for defense application are been developed with a vision of wear-free couplers/connectors for rugged environments conditions, and this includes application in electro-optic systems, blade de-ice, target acquisition systems, and tank turrets.

“Largest Market – North America; Fastest-growing Market – Asia Pacific”

This comprehensive analysis of the contactless couples market includes six prominent regions to project an eagle view of market - North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa.

Considering the end-use industry concentration and demand landscape, North America is evaluated to corner the largest chunk of the market share pie of contactless connectors, followed by Europe.

North America currently accounts for 30% of the global market with a valuation of close to US$ 140 Mn. The North America contactless coupler solutions market is projected to create an absolute $ opportunity of US$ 100.8 Mn during the assessment period.

South Asia & Oceania and East Asia is presumed to exhibit the fastest growth rate owing to a surge in manufacturing facilities. The market for contactless connectors in Latin America and MEA is expected to see sluggish growth and account for a minimal market share due to the poor end-use industry scenario.

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Country-wise Insights

Why is the U.S a Lucrative Market for Contactless Coupler Suppliers?

Growth in industrial automation, defense, and aerospace in the United States are likely to open new doors for contactless coupler suppliers. Additionally, the U.S. government is highly focused on enhancing industrial automation through the utilization advanced power and data transmission machinery. This scenario is anticipated to drive the demand outlook of contactless couplers in the near future.

According to Fact.MR’s survey, the U.S. market is estimated to account for 1.05 Mn units of contactless couplers by the end of 2032, with the market estimated to account for a valuation of US$ 127 Mn.

Will China Drive Market Growth in Asia Pacific?

The Asia Pacific market is predicted to reach new heights in automation, resulting in magnificent growth and a higher share in the contactless coupler market.

China is likely to lead the East Asia market by accounting for approximately 58.3% market share. Due to prominent factors such as expansion of manufacturing facilities, high demand for efficient machinery, low raw material costs, and various government policies, China will be at the focal point of contactless coupler manufactures in near future.

Category-wise Insights

Which Product Type is Expected to Experience High Demand Growth?

Fiber optic rotary joints held 50.9% market share in 2021 and demand is expected to increase at a CAGR of 5.5% during the forecast period.

Maturing requirement for fast Ethernet connections across multitude domains, right from aerospace and military to manufacturing is an evident sign that will might supplement the demand trajectory of FORJ (fibre optic rotary joints) over the coming years.

However, capacitive contactless couplers account for nearly 33.1% market share and are likely to remain hold the position and reach a market value of US$ 183.3 Mn by the end of 2032.

Which Application of Contactless Coupler Systems is Set to Surge?

Rising integration of technology and decentralization of industrial production have paved the way for higher demand for contactless couplers. Manufacturing industries are leaned towards automation in order to improve profitability through optimized labour & energy costs with stretched operational time. Contactless couplers provide flexibility, reliability, decentralization, and smarter connections. 

A never-ending stream of growing requirement for robots in industrial automation in order to achieve consistent product quality will supplement the demand curve. Application of industrial robots is growing all the time from all prominent sectors, which has created demand for wireless slip rings, owing to handling of more complex operations in a whole different range of environments. This would call for subsequent increase in demand for contactless connectors, with a projected value of around $171 Mn by the end of 2032.

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Competitive Landscape: Top Companies in Contactless Coupler Market

Balluff Inc, BGB, Cobham France SAS, Conductix-Wampfler, Kubler, LTN SERVOTECHNIK GMBH, Mercotac, Inc., Moflon, Moog, NSD Corporation, Panlink, PHOENIX CONTACT, Radiall, Schleifring GmbH, SMITEC S.p.A., SMW Electronics, Spinner, TE Connectivity Ltd., Turck, Inc. and Weidmüller are some of the prominent manufacturers of contactless couplers.

The global contactless coupler market is moderately consolidated and competitive owing to the existence of very few tier-1 players. Various marketing strategies are being adopted by key players such as mergers and acquisitions, expansions, collaborations, and partnerships, to extend their reach.

Also, new product development, as a strategic approach, is being adopted by leading contactless coupler manufacturing companies to upscale their market presence. These strategies have resulted in the incorporation of advanced contactless couplers.

Fact.MR has provided detailed information about the price points of the top manufacturers of contactless couplers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Segments of Contactless Coupler Industry Research

  • By Product Type:

    • FORJ Contactless Couplers
      • Single-Channel Contactless Couplers
      • Multi-Channel Contactless Couplers
    • Inductive Couplers
    • Capacitive Couplers
    • Others
  • By Use Case:

    • Data Transmission
      • Less than 1 Gbps
      • 1-3 Gbps
      • 3-5 Gbps
      • Above 5 Gbps
    • Power Transmission
      • Upt300 W
      • 300-500 W
      • Above 500 W
    • Hybrid
  • By End-use Industry:

    • Telecommunications
    • Energy & Utility
    • Electrical & Electronics
    • Healthcare & Medical Devices
    • Industrial Automation
    • Aerospace & Defense
    • Marine
    • Automotive
    • Others
  • By Sales Channel:

    • OEMs
    • Aftermarket
  • By Region:

    • North America Contactless Coupler Market
    • Latin America Contactless Coupler Market
    • Europe Contactless Coupler Market
    • East Asia Contactless Coupler Market
    • South Asia & Oceania Contactless Coupler Market
    • Middle East & Africa Contactless Coupler Market

- FAQs -

Global value of the contactless coupler market is estimated to be worth US$ 471 Mn in 2022.
Demand for contactless couplers is anticipated to reach US$ 803 Mn by 2032-end.
Over the 2017-2021 period, the global contactless coupler market increased at 1% CAGR.
Some of the prominent players in the contactless coupler market are Moog, BGB, Cobham Ltd., Schleifring GmbH, Kubler, and Spinner.
North America tops the global contactless coupler market accounting for 30% of global market share in 2022.
FORJ, under product type, contributes 50% share in the global sales of contactless couplers.

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