DUBLIN–(BUSINESS WIRE)–Feb 22, 2021–
The "Global Time Sensitive Networking Market By Component (Switches, Hubs, Routers & Gateways, Controller & Processors, Isolators & Convertors, Connectors, Communication Interfaces, Others), By Application, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com’s offering.
The Global Time Sensitive Networking Market is expected to grow at an impressive rate during the forecast period.
The Global Time Sensitive Networking Market is driven by the increasing interest in the industrial IoT and its related data, the high demand for the industrial automation application from the various segment such as machine-to-machine communication and motion control applications.
Additionally, supportive government policies and regulations pertaining to safety and environmental hazards can further propel the market growth through 2026. Furthermore, increasing investments and new product launches by the key vendors operating in the market is expected to create lucrative opportunities for the market growth over next few years. However, inability of time sensitive networking standards to provide customized solutions can hamper the market growth over the next few years.
The Global Time Sensitive Networking Market is segmented based on component, application, company and region. Based on component, the market can be fragmented into switches, hubs, routers & gateways, controller & processors, isolators & convertors, connectors, communication interfaces and others.
The switches segment is expected to dominate the market during the forecast period on account of the increased usage of time sensitive networking enabled switches in various end-user applications. Based on application, the market can be categorized into industrial automation, power & energy, automotive, transportation, oil & gas, aerospace and others. The automotive segment is expected to dominate the market because time sensitive networking uses deterministic ethernet which helps to make wiring harness affordable and light in weight.
Regionally, the Global Time Sensitive Networking Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall time sensitive networking market owing to the increased penetration of the industrial automation solutions. Additionally, increasing use of time sensitive networking in the industrial manufacturing and 4.0 applications.
The major players operating in the Global Time Sensitive Networking Market are Cisco Systems, Inc., NXP Semiconductor N.V., Marvell Component Group Ltd., Microsemi Corporation, Intel Corporation, National Instruments Corporation, Xilinx, Inc., Analog Devices, Inc., Broadcom Limited, Belden Inc. and others.
Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Key Target Audience:
- Time sensitive networking service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to time sensitive networking
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
In this report, the Global Time Sensitive Networking Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Time Sensitive Networking Market, By Component:
- Routers & Gateways
- Controller & Processors
- Isolators & Convertors
- Communication Interfaces
Global Time Sensitive Networking Market, By Application:
- Industrial Automation
- Power & Energy
- Oil & Gas
Global Time Sensitive Networking Market, By Region:
- North America
- United States
- United Kingdom
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- South America
- Cisco Systems, Inc.
- NXP Semiconductor N.V.
- Marvell Component Group Ltd.
- Microsemi Corporation
- Intel Corporation
- National Instruments Corporation
- Xilinx, Inc.
- Analog Devices, Inc.
- Broadcom Limited
- Belden Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6yyqde
View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005735/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS HARDWARE SEMICONDUCTOR
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/22/2021 12:24 PM/DISC: 02/22/2021 12:24 PM