A recent report published by Infinium Global Research on the time-sensitive networking market provides an in-depth analysis of segments and sub-segments in the global as well as regional time-sensitive networking market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional time-sensitive networking market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global time-sensitive networking market. According to the report, the global time-sensitive networking market is projected to grow at a CAGR of 55.11% over the forecast period of 2021-2027.
The time-sensitive networking market is projected to grow at over 55.11% CAGR between 2021 to 2027. The time-sensitive networking market was valued at USD 135.7 million in 2021 and is projected to reach USD 1889.4 million in 2027. A set of IEEE 802 Ethernet sub-standards is known as time-sensitive networking (TSN), which is defined by the IEEE TSN task group. Such standards permit deterministic real-time communication over the ethernet. Furthermore, determinism over ethernet is achieved by time-sensitive networking, by using time synchronization and a schedule that is shared between network components. By describing queues centered on time, time-sensitive networking guarantees a bounded maximum latency for planned traffic over switched networks. This states that in time-sensitive networking, the latency of critical scheduled communication is guaranteed.
The increasing adoption of industrial IoT & industry 4.0 solutions drives the time-sensitive networking market. Furthermore, an increase in the necessity for real-time networking for different applications such as manufacturing, automotive, transportation, energy & utility, aerospace, and oil & gas, is also helping the global time-sensitive networking market expansion. On the other hand, the incapability of time-sensitive networking standards to provide customized solutions is the major factor that may hamper market growth. In addition, the increasing interest in time-sensitive networking in automotive applications and increasing testbed activities offer a major opportunity for the time-sensitive networking market.
The North American region is expected to dominate the global time-sensitive networking market owing to the rising adoption of industrial automation solutions and robotics technologies that have significantly influenced the growth of the time-sensitive networking market in the region. Furthermore, the North American region comprises major growing economies, such as the US, Canada, and Mexico, which offer significant growth opportunities for the market. Moreover, the Asia Pacific region is expected to grow with the fastest CAGR in time-sensitive networking over the forecast period. The presence of a large number of industrial automation players in the Asia Pacific region will also foster industry growth.
The report on the global time-sensitive networking market covers segments such as component, and application. On the basis of component, the sub-markets include switches, hubs, routers, and gateways, connectors, communication interfaces, power supply devices, controllers and processors, memory, isolators and converters, and others. On the basis of application, the sub-markets include industrial automation, energy and power, automotive, transportation, oil and gas, aerospace, and others.
The report provides profiles of the companies in the market such as Cisco Systems, Inc., Belden Inc., Intel Corporation, National Instruments Corporation, Marvell Technology Group Ltd., NXP Semiconductors N.V., Microchip Technology Incorporated, Analog Devices, Inc., Broadcom Inc., and Advanced Micro Devices, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the time-sensitive networking market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.