Time-sensitive Networking Market at a CAGR of 54.7% from 2021 to 2026 - PowerPoint PPT Presentation

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Time-sensitive Networking Market at a CAGR of 54.7% from 2021 to 2026

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Time-Sensitive Networking Market size is projected to reach USD 1,188 million by 2026 from an estimated USD 134 million in 2021, at a CAGR of 54.7% from 2021 to 2026. Growing adoption of industrial automation in manufacturing industries, rising demand for deterministic Ethernet for real-time applications, and challenging multiple controller applications are among the factors driving the growth of the TSN market. – PowerPoint PPT presentation

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Title: Time-sensitive Networking Market at a CAGR of 54.7% from 2021 to 2026


1
MarketsandMarkets Presents

Time-sensitive Networking Market at a CAGR of
54.7 from 2021 to 2026 Time-sensitive
Networking Market with COVID-19 Impact Analysis
by Component (Switches, Hubs, Routers, and
Gateways, Connectors, Communication Interfaces,
Controllers and Processors, Memory),
Applications, and Geography - Global Forecast to
2026 https//www.marketsandmarkets.com/Market-Rep
orts/time-sensitive-networking-market-215000493.ht
ml
2
According to a research report "Time-sensitive
Networking Market with COVID-19 Impact Analysis
by Component (Switches, Hubs, Routers, and
Gateways, Connectors, Communication Interfaces,
Controllers and Processors, Memory),
Applications, and Geography - Global Forecast to
2026", published by MarketsandMarkets, the
Time-Sensitive Networking Market size is
projected to reach USD 1,188 million by 2026 from
an estimated USD 134 million in 2021, at a CAGR
of 54.7 from 2021 to 2026. Growing adoption of
industrial automation in manufacturing
industries, rising demand for deterministic
Ethernet for real-time applications, and
challenging multiple controller applications are
among the factors driving the growth of the TSN
market. Browse 110 market data Tables and 55
Figures spread through 188 Pages and in-depth TOC
on "Time-sensitive Networking Market - Global
Forecast to 2026"
3
By component, the switches segment held a major
share of the TSN market in 2020, and a similar
trend is likely to be observed during the
forecast period. The increasing adoption of
automation in manufacturing industries is
expected to create potential growth opportunities
for TSN switches. Industry 4.0 and IoT are
becoming key technologies for industrial
automation motion control systems, which require
interconnected devices on a large scale, which is
expected to accelerate the demand for TSN
switches in the near future. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id215000493 By application, the
industrial automation application is expected to
capture the largest share of the TSN market
during the forecast period Owing to the
large-scale adoption of TSN technology in
industrial automation and manufacturing to
fulfill the requirement of the Industrial
Internet of Things (IIoT). Industrial automation
helps industries streamline the production
process, increase production capacity, improve
flexibility, and ensure cost reduction. Industry
4.0 and IIoT technologies help industries
automate and integrate production equipment with
other systems and help businesses to boost their
productivity and efficiency and improve
predictive maintenance, which, in turn, is
expected to fuel the need for TSN technology in
industrial automation applications to ensure
seamless connectivity and achieve wireless,
deterministic, and time-sensitive communication.
4
By region, North America is anticipated to hold
the largest share of the TSN market throughout
the forecast period This dominance is attributed
to the rising adoption of industrial automation
solutions and robotics technologies. North
America comprises major growing economies, such
as the US, Canada, and Mexico, which offer
significant growth opportunities for the market.
Moreover, stringent government regulations with
respect to automation of processes to ensure
workplace safety. TSN-based Ethernet enables
machine-to-machine communication and provides
huge volumes of data necessary for predictive
analysis. These factors are expected to boost the
growth of the TSN market in North
America. Request Free Sample Pages https//www.m
arketsandmarkets.com/requestsampleNew.asp?id21500
0493 Belden Inc. (US), Cisco Systems, Inc. (US),
Intel Corporation (US), National Instruments
Corporation (US), Marvell Technology Group Ltd.
(Bermuda), NXP Semiconductors N.V. (Netherlands),
Microchip Technology Incorporated (US), Analog
Devices, Inc. (US), Broadcom Inc. (US), and
Advanced Micro Devices, Inc. (US), are some of
the key players in the TSN market.
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COVID-19 Impact on the Global TSN Market The
outbreak and the spread of COVID-19 have
significantly impacted players operating in the
TSN value chain. The growing adoption of
industrial automation in manufacturing industries
is one of the key factors fueling the growth of
the TSN market. However, with the complete
shutdown of all manufacturing plants, public
places, and offices due to lockdowns across the
world, the demand for TSN solutions decreased
dramatically. Also, demand of these electronics
have decreased significantly worldwide owing to
lockdowns imposed by different governments to
contain the spread of the COVID-19, it has
impacted the growth of the TSN market. Moreover,
these lockdowns have also impacted the GDP of
countries and the per capita income of
individuals across the world. The low disposable
income has resulted in reduced purchasing power
of masses, thereby resulting in a decline in the
y-o-y growth for the whole market. However, the
latter half of the year is expected to witness
normalization in the inventory levels and
increased demand for TSN components owing to
stabilization in the automotive vertical. The
COVID-19 outbreak affected the production of TSN
solutions as factories across the world were
temporarily shut down to curb the spread of the
infection and the demand was also decreased.
6
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7
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INC. 630 Dundee Road Suite 430 Northbrook, IL
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Info https//www.marketsandmarkets.com/PressRelea
ses/time-sensitive-networking.asp
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