The Time-sensitive Networking Market size is projected to reach USD 1,188 million by 2026 from an estimated USD 134 million in 2021, at a CAGR of 54.7% from 2021 to 2026.
Growing adoption of industrial automation in manufacturing industries, rising demand for deterministic Ethernet for real-time applications, and challenging multiple controller applications are among the factors driving the growth of the TSN market.
Ask for PDF
Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215000493
By component, the
switches segment held a major share of the TSN market in 2020, and a similar
trend is likely to be observed during the forecast period.
The increasing
adoption of automation in manufacturing industries is expected to create
potential growth opportunities for TSN switches. Industry 4.0 and IoT are
becoming key technologies for industrial automation motion control systems,
which require interconnected devices on a large scale, which is expected to
accelerate the demand for TSN switches in the near future.
By application, the
industrial automation application is expected to capture the largest share of
the TSN market during the forecast period
Owing to the large-scale adoption of TSN technology in industrial automation and manufacturing to fulfill the requirement of the Industrial Internet of Things (IIoT). Industrial automation helps industries streamline the production process, increase production capacity, improve flexibility, and ensure cost reduction. Industry 4.0 and IIoT technologies help industries automate and integrate production equipment with other systems and help businesses to boost their productivity and efficiency and improve predictive maintenance, which, in turn, is expected to fuel the need for TSN technology in industrial automation applications to ensure seamless connectivity and achieve wireless, deterministic, and time-sensitive communication.
Inquiry
before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=215000493
By region, North America is anticipated to hold the largest share of
the TSN market throughout the forecast period
This dominance is
attributed to the rising adoption of industrial automation solutions and
robotics technologies. North America comprises major growing economies, such as the
US, Canada, and Mexico, which offer significant growth opportunities for
the market. Moreover, stringent government regulations with respect to automation
of processes to ensure workplace safety. TSN-based Ethernet enables
machine-to-machine communication and provides huge volumes of data necessary
for predictive analysis. These factors are expected to boost the growth of the
TSN market in North
America.
No comments:
Post a Comment