DUBLIN, July 28, 2021--(BUSINESS WIRE)--The "Global Time-sensitive Networking Market By Component, By Application, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Time-sensitive Networking Market size is expected to reach $1.4 billion by 2027, rising at a market growth of 45.2% CAGR during the forecast period.
Cisco Systems, Inc.
National Instruments Corporation
NXP Semiconductors N.V.
Microchip Technology, Inc.
Analog Devices, Inc.
Advanced Micro Devices, Inc.
Marvell Technology Group Ltd.
Time-Sensitive Networking (TSN) refers to a collection of IEEE standards that is developed by the Time-Sensitive Task Force of the IEEE 802.1 working group. TSN helps to gather real-time information in order to conduct analytics, boost the productivity of the system and achieve actionable insights. Hence, TSN offers deterministic real-time communication over the Ethernet. Through the various advancements in the standards, Ethernet communication in the future is expected to offer measurable end-to-end latencies, firmly restricted latency fluctuations, and very low packet loss.
Ethernet is playing an important role in the communication in IT sector since a long period. Earlier, there was no set of standards for real-time assistance to IEEE standardized Ethernet that resulted in various alterations of Ethernet for its usage in industrial & transportation systems where real-time communication is a vital component. There was also restricted scalability of the adapted Ethernet solutions for their application in numerous industries. Thus, the IEEE TSN task group introduced new standards for better and real-time delivery of Ethernet traffic. TSN helps in achieving the deterministic real-time communication by utilizing the time & schedule that is developed for message ways on various network entities.
The growth of the time-sensitivity networking market is attributed to the growing adoption of IoT applications by numerous manufacturing industries owing to the emergence of Industry 4.0. The increasing demand for real-time networking by various industrial verticals like automotive, energy & utility, manufacturing, transportation, oil & gas and aerospace, is also contributing to the market growth.
The global Covid-19 pandemic has impacted every domain of society, even the players operating in the TSN value chain. The increasing adoption of industrial automation in manufacturing units is among the major aspects augmenting the growth of the TSN market. Though, the temporary shutdown of the manufacturing units, offices, and public places has adversely impacted the demand for TSN solutions. In addition, the demand for electronics has reduced drastically across the world due to lockdowns imposed by various governments to curb the spread of the COVID-19, which further affected the growth of the TSN market.
As everything is getting back to normal, the inventory levels and demand for TSN components is expected to increase due to stabilization in the automotive industry. The COVID-19 pandemic impacted the production of TSN solutions as manufacturing units around the globe were shut down during the lockdown and the demand for TSN was also reduced.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Apr - 2021, Feb) Leading Players
Chapter 4. Global Time-sensitive Networking Market by Application
4.1 Global Time-sensitive Networking Industrial Automation Market by Region
4.2 Global Time-sensitive Networking Automotive Market by Region
4.3 Global Time-sensitive Networking Energy & Power Market by Region
4.4 Global Time-sensitive Networking Oil & Gas Market by Region
4.5 Global Time-sensitive Networking Aerospace Market by Region
4.6 Global Other Time-sensitive Networking Market by Region
Chapter 5. Global Time-sensitive Networking Market by Component
5.1 Global Switches Time-sensitive Networking Market by Region
5.2 Global Connectors Time-sensitive Networking Market by Region
5.3 Global Hubs, Routers, & Gateways Time-sensitive Networking Market by Region
5.4 Global Memory Time-sensitive Networking Market by Region
5.5 Global Controllers & Processors Time-sensitive Networking Market by Region
5.6 Global Power Supply Devices Time-sensitive Networking Market by Region
5.7 Global Isolators & Convertors Time-sensitive Networking Market by Region
5.8 Global Others Time-sensitive Networking Market by Region
Chapter 6. Global Time-sensitive Networking Market by Region
Chapter 7. Company Profiles
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