The global time sensitive networking market is estimated to grow at a significant CAGR during the forecast period. TSN (Time Sensitive Networking) is a series of IEEE standards being developed by the IEEE 802.1 Working Group’s Time Sensitive Task Force. TSN allows for the capture of real-time data to do analytics, get operational insights, and boost system productivity. As a result, TSN enables deterministic real-time communication via Ethernet. Ethernet communication will enables calculable end-to-end latencies, carefully limited latency swings, and extremely reduced packet loss in the future, thanks to advancements in standards. Ethernet has played a critical role in IT communication for a long time. There was no provision for real-time support in IEEE standardised Ethernet, which resulted in several Ethernet modifications for usage in industrial and transportation systems where real-time communication is required.
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The global TSN market is being driven by the growing use of industrial automation in manufacturing industries, expanding the need for deterministic Ethernet for real-time applications, and demanding multiple controller applications. The demand for automation controllers that can process many workloads simultaneously, such as video streams and traffic control, is growing by the day. To gather real-time input on the driving experience and assure passenger and vehicle safety, technologically advanced sensors are increasingly being used in autonomous vehicles. These sensors communicate with other vehicle systems such as global positioning systems (GPS), advanced driver assistance systems (ADAS), and emergency braking systems through the controller area network (CAN) and local interconnect network (LIN) industrial bus systems.
For Instance, In February 2021, Microchip Technology Inc. introduced the SparX-5i line of Ethernet switches from single-chip, IEEE standards-based solutions. For a full real-time communication solution, the SparX-5i family supports the essential TSN IEEE standards. It comes with the entire TSN feature set.
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Market Coverage
- Segment Covered-
o By Component
o By Application
- Competitive Landscape: ABB Ltd, Bosch Rexroth Ag, Analog Devices, Inc., Harman International Industries Inc., Rockwell Automation Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Time Sensitive Networking Market by Segments
By component
- Switches
- Hubs, Routers, and Gateways
- Connectors
- Communication Interfaces
- Power Supply Devices
- Controllers and Processors
- Memory
- Isolators and Convertors
- Others
By application:
- Industrial Automation
- Energy and Power
- Automotive
- Transportation
- Oil & Gas
- Aerospace
- Others
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