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The global single pair ethernet market is expected to see rapid growth in the next few years, reaching $5.20 billion in 2028 at a CAGR of 11.2%. Major drivers include the expansion of IoT in various industries, demand for POE solutions, and integration with wireless technologies. Major trends include adoption in building automation systems and healthcare, integration with TSN, and standardization initiatives. Top companies in the market include Siemens AG, Broadcom Inc., and Würth Elektronik.