The time-sensitive networking (TSN) market
is expected to be worth USD 606.0 Million by 2024, at a CAGR of 53.8%
considering that it will get commercialized by 2019. The increasing adoption of
Industrial IoT and Industry 4.0 and increasing need for real-time communication
for various applications are the major drivers for the TSN market.
According to
research report Time-Sensitive
Networking Market is segmented by Component (Switches, Hubs, Routers, and Gateways, and Memory), Application (Industrial Automation,
Power and Energy, Automotive, Transportation, Oil & Gas, Aerospace), and Geography - Global Forecast to 2024.
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Switches expected to hold a major
share of the TSN market during the forecast period
Switches are expected to lead the
time-sensitive networking (TSN) market in 2019. The use of switches has been
increasing to build a wider industrial network. Many leading players are
expected to provide TSN switches in future. Recently in April 2017, Broadcom
Limited (Singapore) introduced a family of Ethernet switches (BCM53570) that
supports TSN. Therefore, the increasing number of developments for switches is
expected to continue to lead the TSN market.
Industrial automation application
is expected to lead TSN market during the forecast period
The industrial automation is expected to hold
the largest share of time-sensitive networking (TSN) market. Industrial
automation application is important for TSN because of the increasing interest
in the industrial IoT (IIoT) and its related data, specifically, the
mission-critical, time-sensitive data that must be transferred and shared
within strict bounds of latency and reliability. Hence, TSN is expected
to provide ample of opportunities for industrial automation application. TSN is
used in industrial automation application for various segments such as
machine-to-machine communication and motion control applications. Machine-to-machine
communication application operates with low latency and high synchronization
for industrial automation. Essentially, any latency-sensitive application would
be improved through the use of TSN in industrial automation
North America is expected to hold
major share of TSN market during the forecast period
North America is expected to hold the largest
share of the time-sensitive networking (TSN) market during the forecast period.
North America and Europe are expected to be the leading region in the adoption
of TSN solutions. Increasing collaboration of leading companies under OPC
Foundation and IIC would help to explore opportunities in various applications
for the TSN market. In North America, the presence of leading players such as
Intel Corporation (US), Cisco Systems, Inc. (US), Microsemi Corporation (US),
and National Instruments Corporation (US) and their activities related to TSN
solutions are expected to provide opportunities for the TSN market.
Major players in the TSN market 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), Analog Devices, Inc. (US), Broadcom Limited
(Singapore), Belden Inc. (US), Renesas Electronics Corporation (Japan), and
TTTech Computertechnik AG (Austria). Some of the testbed participants are
Schneider Electric SE (France), Bosch Rexroth AG (Germany), B&R Industrial
Automation GmbH (Austria), Rockwell Automation, Inc. (US), and General Electric
Company (US).