Time-Sensitive Networking Market By 2024 Leading Key Players: NXP Semiconductors, Marvell Technology, Cisco Systems, B&R Industrial Automation GmbH, Broadcom Limited, Renesas Electronics Corporation, Intel Corporation

Market Overview: -

Time-Sensitive Networking Market set to grow at a high rate over the forecast time span owing to the growing need for real-time networking for several applications such as synchronizing power grids and streaming multimedia. For instance, the technology is used by National Instruments for the management of its power microgrid. Increasing number of devices connected through Industry 4.0 revolution and Industrial Internet of Things (IIOT) is expected to propel the TSN market growth owing to its reliable real-time communication for applications such as motion control.

The technology enables assured data transport with low delay variation, latency, & data loss, thus are suitable for time and mission critical traffic. These solutions provide reliability and protection against malicious attacks, bandwidth violation, & system malfunctioning. Owing to these factors, the technology is of importance in the industrial sector for enhanced business operations.

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Top Key Players: -

Major players in the time sensitive networking market are NXP Semiconductors N.V., Marvell Technology Group Ltd., Cisco Systems, Inc., B&R Industrial Automation GmbH, Broadcom Limited, Renesas Electronics Corporation, Intel Corporation, Schneider Electric SE, National Instruments Corporation, Bosch Rexroth AG, Hilscher Gesellschaft für Systemautomation mbH, and TTtech Computertechnik AG. Companies are trying to bring forth new technological innovations in the industry, thus propelling the industry growth in the coming years.

For instance, in November 2017, Intel Corporation and TTTech announced a collaboration to develop FPGA-based TSN solution, which combines TSN Ethernet IP from TTTech with Intel SoC FPGA platform. The rising competition among major players is encouraging them to invest heavily in the time sensitive networking market. Market share calculation in this report is not done based on companies covered in it. The calculation of time sensitive networking market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America is anticipated to hold a major share of the time sensitive networking market owing to the increasing adoption of these solutions in the region. The rise in the number of industries in recent years is a major factor driving the industry growth over the forecast timespan.

Leading companies participating actively in the technology development are also driving the industry growth in the region. For instance, in November 2017, Industrial Internet Consortium (IIC), OPC foundation and Avnu Alliance announced their collaboration with leaders in the IT-OT industry to show the development in UC standard OPC UA over time-sensitive networking.

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The time sensitive networking market is segmented into automotive, power & energy, transportation, industrial automation, aerospace, and oil & gas. The demand from industrial automation is expected to grow rapidly in the coming years owing to the increasing adoption of Industrial IoT (IIoT). The technology is used in many industrial automation applications that require real time data transfer, such as motion control in manufacturing. TSN satisfies these requirements by providing high bandwidth across the networks to support the sensors and background data required to drive the IIoT applications, which include big data analytics. Considering that, the use of this technology enhances the latency-sensitive applications, making it an apt choice for industrial automation.

The automotive industry also provides viable growth opportunities for the time sensitive networking market. The rising demand for advanced features and sensor networks for driver assistance results in the need for cross-domain communication and increased bandwidth. IEEE standards are leveraged to modernize vehicles with a secure networking technology, which make the automotive sector an opportunity for the time sensitive networking market. Owing to the growing demand for IEEE in the modernization of vehicles with a secure networking technology, the automotive sector provides an opportunity for the TSN market growth.

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