In a recent published report, Kenneth Research has updated the market report for Time-Sensitive Networking Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Time-Sensitive Networking Market products.
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By Component (Power supply devices, Memory Switches, Hubs, routers, and gateways, Isolators and convertors, Connectors, Controller and processors, Communication interfaces), Standards (IEEE 802.1AS, IEEE 802.1 Qca, IEEE 802.1AS-Rev, IEEE 802.1Qbv, IEEE 802.1 Qci, IEEE 802.1 CB, IEEE 802.1 Qcc, IEEE 802.1Qch, IEEE 802.1 CM), Vertical, and Regional Market Size, Status and Forecast to 2025
The Global Time-Sensitive Networking Market was valued at USD 21.03 million in 2016 and is projected to reach USD 916.40 million by 2025, growing at a CAGR of 52.10% from 2017 to 2025.
Time-Sensitive Networking (TSN) is a set of standards under development by the Time-Sensitive Networking task group of the IEEE 802.1 working group. TSN provides the three essential elements of precise timing: bounded jitter and latency, and guaranteed bandwidth on a network. Benefits of TSN includes – precisely synchronize devices over the network, eliminating the need for signal-based synchronization methods, network faults can be diagnosed and repaired faster, sub-systems can be integrated more easily, critical and non-critical traffic can be converged in one network.
1. Market Drivers
1.1 Increasing opc foundation activities for TSN
1.2 Rising adoption of industrial IoT and industry 4.0 solutions
1.3 Development of IEEE standards for deterministic ethernet
1.4 Growing need for real-time networking for various applications
1.5 Increasing testbed activities by leading players
2. Market Restraints
2.1 Deployment of TSN solutions with existing technologies
2.2 Inability of TSN Standards to Provide Customized Solutions
The Global Time-Sensitive Networking Market is segmented on the component, standards, vertical, and region.
1. By Component:
1.1 Power supply device
1.4 Hubs, routers, and gateways
1.5 Isolators and convertors
1.7 Controller and processors
1.8 Communication interfaces
2. By Standards:
2.1 IEEE 802.1AS
2.2 IEEE 802.1 Qca
2.3 IEEE 802.1AS-Rev
2.4 IEEE 802.1Qb
2.5 IEEE 802.1 Qci
2.6 IEEE 802.1 CB
2.7 IEEE 802.1 Qcc
2.8 IEEE 802.1Qch
2.9 IEEE 802.1 CM
3. By Vertical:
3.1 Oil & gas
3.2 Power and energy
3.5 Industrial automation
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Renesas Electronics Corporation
2. Intel Corporation
3. Cisco Systems, Inc.
4. Marvell Technology Group Ltd.
5. Xilinx, Inc.
6. National Instruments Corporation
7. NXP Semiconductors N.V.
8. Broadcom Limited
9. Testbed Ecosystem
10. TTTech Computertechnik AG
11. Belden Inc.
12. Analog Devices, Inc.
13. Microsemi Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Time-Sensitive Networking Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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