The time-sensitive networking (TSN) market is expected to experience significant growth in the coming years, according to a new report by MarketsandMarkets. The report "Time-sensitive Networking Market by Component (Switches, Hubs, Routers, and Gateways, Connectors, Communication Interfaces, Controllers and Processors, Memory), Applications, and Geography (2021-2026)", provides a detailed analysis of the market trends, drivers, and challenges affecting the growth of the TSN market.
TSN is a set of IEEE standards for deterministic networking that enables real-time communication of time-critical data in industrial and automation applications. TSN provides low-latency, high-reliability, and guaranteed delivery of time-sensitive data, which is essential for industrial automation, power and energy, automotive, transportation, oil and gas, and aerospace applications.
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.
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The report identifies the increasing adoption of industrial automation in various industries as one of the key drivers of the TSN market. Industrial automation involves the use of control systems, such as programmable logic controllers (PLCs) and human-machine interfaces (HMIs), to manage manufacturing processes. TSN provides a reliable and secure communication infrastructure for industrial automation systems, enabling real-time monitoring and control of production processes.
The report also highlights the growing demand for high-speed data communication networks in the automotive industry as another driver of the TSN market. Modern vehicles are equipped with a large number of electronic systems, such as advanced driver assistance systems (ADAS), infotainment systems, and telematics systems, which require high-speed data communication. TSN provides a reliable and high-speed communication infrastructure for these systems, enabling real-time monitoring and control of vehicle operations.
The report identifies the Asia Pacific region as the fastest-growing market for TSN during the forecast period. The increasing adoption of industrial automation in countries such as China and Japan, and the growing demand for high-speed data communication networks in the automotive industry, are driving the growth of the TSN market in this region.
In conclusion, the TSN market is expected to experience significant growth in the coming years, driven by the increasing adoption of industrial automation and the growing demand for high-speed data communication networks in various industries. The Asia Pacific region is expected to be the fastest-growing market for TSN, driven by the increasing adoption of industrial automation and the growing automotive industry in the region.
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