TSN Market 2020: Growth Forecast & Industry Statistics

The research report on TSN market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the TSN market.

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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The TSN market is segmented into controller & processors, connectors, power supply devices, communication interfaces, memory, isolators & converters, switches, and hubs, routers & gateways. The demand for switches is projected to grow at the highest rate in the coming years owing to the increasing use of switches to build a more extensive industrial network. Many industry players are planning to provide switching solutions enabled with this technology, propelling the TSN market growth. For instance, Cisco Systems, Inc. unveiled resilient and highly scalable Industrial Ethernet 4000 Series switches, which support the time-sensitive networking technology.

The TSN 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.

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North America is anticipated to hold a major share of the TSN 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.

In a nutshell, the TSN market analysis report is an inherent collection of the market definitions, industry insights, and the overall scope of the report. Details about the numerous industry pitfalls and challenges, in addition to driving parameters influencing the revenue scale of this business have also been provided in the report.
Major players in the TSN 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.

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