Opportunities for Time-Sensitive Networking Market in the coming years

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MarketsandMarkets Presents

Opportunities for Time-Sensitive Networking
Market in the coming years 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 https//www.marketsandmarkets.com/Market-Rep
orts/time-sensitive-networking-market-215000493.ht
ml
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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. Browse 32 Market Data Tables and 43
Figures spread through 141 Pages and in-depth TOC
on "Time-Sensitive Networking Market - 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. Ask PDF Brochure https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id215000493 Indust
rial 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.
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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. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id215000493 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),
BR Industrial Automation GmbH (Austria),
Rockwell Automation, Inc. (US), and General
Electric Company (US).
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• Key Target Audience
• TSN-enabled component and product manufacturers
  and suppliers
• Industrial automation equipment providers
• Research organizations and consulting companies
• Networking component providers
• Original equipment manufacturers (OEMs)
• Associations, organizations, and alliances
  related to TSN
• Analysts and strategic business planners
• End users of TSN-enabled products across various
  industries such as automotive, transportation,
  aerospace, electrical electronics, oil gas,
  consumer, and others

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