Time-Sensitive Networking (TSN) Market Global Review From 2017 to 2024 of 141 pages added by reports and reports explores Global Time Sensitive Networking Market size, trends, demand, share, growth, industry, and companies’ analysis to 2024. Time-Sensitive Networking (TSN) is a set of standards under development by the Time-Sensitive Networking task group of the IEEE 802.1 working group. According to study global Time Sensitive Networking market reaching $606.0 million at a CAGR of 53.8% by 2024.
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Time Sensitive Networking Company analysed in report are Cisco Systems, Inc. (US), NXP Semiconductors N.V. (Netherlands), Marvell Technology Group Ltd.
(US), Microsemi Corporation (US), Intel Corporation (US),National Instruments Corporation (US), Xilinx, Inc. (US), Analog Devices, Inc. (US), Broadcom Limited (Singapore), Belden Inc.
(US), Renesas Electronics Corporation (Japan), and TT Tech Computer technik AG (Austria).
“The Time Sensitive Networking market is estimated to witness significant growth between 2017 and 2024”
Key factors driving the growth of the Time Sensitive Networking include Development of IEEE standards for deterministic Ethernet and increasing need for real-time networking for various applications are the major drivers for the TSN market. Factors such as the inability of TSN standards to provide customized solutions restrain the growth of the TSN market.
“TSN market for switches is expected to grow at the highest CAGR during the forecast period”
The market for switches is expected to grow at the highest CAGR during the forecast period. Many players are expected to provide TSN-enabled switches in future.
Companies such as BeldenInc. (US), Broadcom Limited (Singapore), and Cisco Systems, Inc. (US) are continuously innovating their product portfolio for TSN-enabled switches.
Recently, in April 2017, Cisco Systems, Inc. (US) announced the launch of Industrial Ethernet 4000 Series switches to support TSN.
These developments infer that switches are expected to grow at the highest rate for the TSN market.
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“Industrial automation application to hold the largest share of TSN market in 2019”
Industrial automation is expected to be the largest share of the time-sensitive networking (TSN) market in 2019.The industrial automation is the major application of the TSN market to solve the problem in the industry that needs to process raw data in a timely manner, decrease latency, and provide a base for advanced manufacturing where data can be more flexible and shared between layers of the control system. In industrial automation, TSN supports both industrial control and IoT connectivity needs, allowing industrial real-time systems to benefit from techniques such as remote system management and maintenance, centralized data analytics, and machine-to-machine coordination used for various industries.
“TSN market in North America expected to grow at the highest CAGR during the forecast period”
The time-sensitive networking (TSN) market in North America is expected to grow at the highest CAGR during the forecast period. Manufacturers in the US are leveraging a competitive edge through the efficiencies gained through automation.
Growing industrial automation in the US is one of the driving factors for the TSN market. Increasing preferences to adopt TSN technology for industrial manufacturing and Industry 4.0 applications in the US is one of the reasons behind the growing TSN market in North America.
The presence of leading companies such as Cisco Systems, Inc. (US), Intel Corporation (US), Micro semi Corporation (US), and National Instruments Corporation (US) and their activities contributing toward the development of TSN solutions expected to provide opportunities in the coming years.
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Research Coverage: The report defines, describes, and forecasts the time-sensitive networking (TSN) market on the basis of component, application, and geography. It provides detailed information regarding the major factors influencing the growth of the TSN market (drivers, restraints, opportunities, and industry-specific challenges).
It also analyses the competitive developments such as collaborations, contracts, partnerships, and product launches carried out by key players to grow in the market.