Time-sensitive Networking Market Worth 606.0 Million USD by 2024
PUNE, India, August 31, 2017 /PRNewswire/ —
According to a new market research report “Time-Sensitive Networking Market 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“, published by MarketsandMarkets’, the market, the 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.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse32 Market Data Tables and43 Figures spread through141Pages and in-depth TOC on“Time-Sensitive Networking Market”
Early buyers will receive 10% customization on reports
“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.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=215000493
“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.
Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=215000493
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).
Browse Related Reports
Industrial IoT Market, by Device & Technology (Sensors, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meters, AHS, Camera System, and Networking Technologies), Software (PLM Systems, MES, SCADA), Vertical, and Geography – Forecast to 2022http://www.marketsandmarkets.com/Market-Reports/industrial-internet-of-things-market-129733727.html
Industrial Communication Market, by Offering (Component, Software, and Services), Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), End-Use Application, and Geography – Global Forecast to 2022http://www.marketsandmarkets.com/Market-Reports/industrial-communication-market-146536397.html
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets’ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets’ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets’ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets’ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets’ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect us on LinkedIn@ http://www.linkedin.com/company/marketsandmarkets