Published Date: 14-Jul-2021
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According to a new report Global Time-sensitive Networking Market, published by KBV research, The Global Time-sensitive Networking Market size is expected to reach $1.4 billion by 2027, rising at a market growth of 45.2% CAGR during the forecast period.
On the basis of application, the industrial automation application is estimated to garner the maximum share of the TSN market over the forecast period. There is a huge adoption of TSN technology in industrial automation & manufacturing to meet the need of the IIoT. Industrial automation enables companies to simplify their production process, enhance flexibility, improve production capacity, and minimize cost.
The Industrial Automation market dominated the Global Time-sensitive Networking Market by Application 2020, growing at a CAGR of 43.2 % during the forecast period. The Automotive market is estimated to grow at a CAGR of 44.2% during (2021 - 2027). Additionally, The Energy & Power market is expected to witness a CAGR of 46.3% during (2021 - 2027).
The North America market dominated the Global Time-sensitive Networking Market by Region 2020, and would continue to be a dominant market till 2027. The Europe market is experiencing a CAGR of 44.2% during (2021 - 2027). Additionally, The Asia Pacific market is poised to grow at a CAGR of 47.8% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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