Global Time-Sensitive Networking Market, By Component (Switches, Hubs, Routers, and Gateways, Connectors, Communication Interfaces, Power Supply Devices, Controllers and Processors, Memory, Isolators and Converters, Others), Application (Industrial Automation, Power and Energy, Automotive, Transportation, Oil and Gas, Aerospace, Others), Standards (IEEE 802.1 AS, IEEE 802.1 AS-Rev, IEEE 802.1 Qbv, IEEE 802.1 Qca, IEEE 802.1 Qcc, IEEE 802.1 Qci, IEEE 802.1 Qch, IEEE 802.1 CM, IEEE 802.1 CB), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Time-Sensitive Networking Market
The time-sensitive networking market is expected to witness market growth at a rate of 52.83% in the forecast period of 2022 to 2029. Data Bridge Market Research report time-sensitive networking market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in end user verticals globally is escalating the growth of time-sensitive networking market.
Time-Sensitive Networking (TSN) is basically an upgrade to IEEE Ethernet that caters to the needs of control systems using standard Ethernet. The technology is known for offering standard time synchronization and deterministic network communication via standard Ethernet. It enables enhanced interoperability and cost-cutting as it combines time-critical and best-effort data within the standard Ethernet.
The adoption of industrial automation in manufacturing industries across the globe acts as one of the major factors driving the growth of time-sensitive networking market. The rise in demand for deterministic Ethernet for real-time applications and high adoption of the technology as it allows he implementation of deep learning capabilities in a single machine that can connect with other controllers in the factory’s network in real-time accelerate the market growth. The use of TSN in conjunction with Intel’s real-time characteristics to improve the timely behavior of industrial systems by synchronizing networks of devices further influence the market. Additionally, rapid digitization, rise in the adoption of Internet of things, increase in the number of connected devices and increase system availability positively affect the time-sensitive networking market. Furthermore, application of Ethernet TSN in reshaping in-vehicle communications and integration of 5G with TSN for mobile network sharing extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, requirement for higher level applications and inability of the TSN standards to offer customized solutions are expected to obstruct the market growth. Concerns related to network security and complexity associated with integrating the TSN solutions with existing technologies are projected to challenge the time-sensitive networking market in the forecast period of 2022-2029.
This time-sensitive networking market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on time-sensitive networking market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Time-Sensitive Networking Market Scope and Market Size
The time-sensitive networking market is segmented on the basis of component, application and standards. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the time-sensitive networking market is further segmented into witches, hubs, routers, and gateways, connectors, communication interfaces, power supply devices, controllers and processors, memory, isolators and converters and others.
- Based on application, the time-sensitive networking market is divided into industrial automation, power and energy, automotive, transportation, oil and gas, aerospace and others.
- The standards segment of the time-sensitive networking market is divided into IEEE 802.1 AS, IEEE 802.1 AS-Rev, IEEE 802.1 Qbv, IEEE 802.1 Qca, IEEE 802.1 Qcc, IEEE 802.1 Qci, IEEE 802.1 Qch, IEEE 802.1 CM and IEEE 802.1 CB.
Time-Sensitive Networking Market Country Level Analysis
The time-sensitive networking market is analyzed and market size, volume information is provided by country, component, application and standards as referenced above.
The countries covered in the time-sensitive networking market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the time-sensitive networking market due to the advent of Industry 4.0 and supportive government initiatives for increasing adoption and industrial automation within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2022 to 2029 because of the rapid industrialization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Time-Sensitive Networking Market Share Analysis
The time-sensitive networking market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to time-sensitive networking market.
Some of the major players operating in the time-sensitive networking market report are Cisco Systems, NXP Semiconductors, Marvell Technology Group, Microsemi, Intel Corporation, Xilinx, National Instruments, Analog Devices, Inc., Broadcom, Belden Inc., Renesas Electronics Corporation., TTTechComputertechnik AG, Bosch Rexroth, B&R, Rockwell Automation, Inc., Schneider Electric, HARMAN International, and ABB, among others.