LAMEA Time-sensitive Networking Market By Component (Switches, Connectors, Hubs, Routers, & Gateways, Memory, Controllers & Processors, Power Supply Devices, Isolators & Convertors and Others), By Application (Industrial Automation, Automotive, Energy & Power, Oil & Gas, Aerospace and Other), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Time-sensitive Networking Market would witness market growth of 52.2% CAGR during the forecast period (2021-2027).
Conventional fieldbuses are not developed to help various controllers interacting in a deterministic way and attempt to utilize fieldbuses or reflective memory that can be technically hard and expensive. Though, TSN-enabled Ethernet is very flexible and assists controller-to-controller communications. OPC unified architecture has extended utilizing Ethernet TSN, the Ethernet advanced physical layer (APL), & controller-to-controller communications consisting of the scheduled standard industrial interoperability connectivity.
There is an increasing demand for automation controllers, which can simultaneously process different workloads, like video stream & control traffic. It helps in deploying deep learning abilities in one machine, which would concurrently communicate with other controllers within the factory’s network promptly. Several developers tackle both time sync & timeline-related problems with industrial applications like robotic arms & motion controllers. Thus, they utilize TSN along with real-time characteristics on Intel architecture to coordinate networks of devices for enhancing the timely behavior of industrial systems.
The growing adoption of TSN in various industrial verticals like automotive, telecom and IT is supporting the regional TSN market. In addition, the various advantages offered by TSN are motivating more enterprises across different verticals to spur the demand for TSN in the LAMEA region. The increasing awareness among the industries and the standard government protocols are resulting in the higher demand for TSN solutions in this region.
Moreover, the cost reduction attribute of TSN is attracting more industrial enterprises to utilize these TSN solutions in their products or services, which would further increase the growth of the TSN market during the forecast period. All such factors are expected to contribute to the surging demand for TSN solutions in the LAMEA region over the forecast period.
The Switches market dominated the South Africa Time-sensitive Networking Market by Component 2020, thereby, achieving a market value of $4,169.3 Thousands by 2027. The Connectors market is experiencing a CAGR of 55.4% during (2021 - 2027). The Hubs, Routers, & Gateways market is estimated to grow at a CAGR of 52.1% during (2021 - 2027). Additionally, The Memory market is expected to witness a CAGR of 56.7% during (2021 - 2027).
Based on Component, the market is segmented into Switches, Connectors, Hubs, Routers, & Gateways, Memory, Controllers & Processors, Power Supply Devices, Isolators & Convertors and Others. Based on Application, the market is segmented into Industrial Automation, Automotive, Energy & Power, Oil & Gas, Aerospace and Other. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Belden, Inc., Cisco Systems, Inc., Intel Corporation, National Instruments Corporation, NXP Semiconductors N.V., Microchip Technology, Inc., Analog Devices, Inc., Broadcom, Inc., Advanced Micro Devices, Inc., and Marvell Technology Group Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Hubs, Routers, & Gateways
- Controllers & Processors
- Power Supply Devices
- Isolators & Convertors
- Industrial Automation
- Energy & Power
- Oil & Gas
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Belden, Inc.
- Cisco Systems, Inc.
- Intel Corporation
- National Instruments Corporation
- NXP Semiconductors N.V.
- Microchip Technology, Inc.
- Analog Devices, Inc.
- Broadcom, Inc.
- Advanced Micro Devices, Inc.
- Marvell Technology Group Ltd.
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