Sellbyville, DE -- (SBWIRE) -- 02/19/2019 -- Time-Sensitive Networking (TSN) Market size is expected to grow at a high rate over the forecast time span owing to the growing need for real-time networking for several applications such as synchronizing power grids and streaming multimedia.

The growth of IEEE standards for deterministic Ethernet, which is used in various applications, such as machine-to-machine communication, aerospace flight control, and autonomous driving, is also a major factor propelling the industry growth. Deterministic communication is a vital part of many industries including manufacturing, transportation, utilities, automotive, and aerospace. This is a key factor anticipated to drive the TSN market growth in the coming years. Increasing adoption of time-sensitive networks in the automotive industry is also propelling the industry growth.

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The TSN market is segmented into controller & processors, connectors, power supply devices, communication interfaces, memory, isolators & converters, switches, and hubs, routers & gateways. The demand for switches is projected to grow at the highest rate in the coming years owing to the increasing use of switches to build a more extensive industrial network. Many industry players are planning to provide switching solutions enabled with this technology, propelling the TSN market growth. For instance, Cisco Systems, Inc. unveiled resilient and highly scalable Industrial Ethernet 4000 Series switches, which support the time-sensitive networking technology.

The TSN market is segmented into automotive, power & energy, transportation, industrial automation, aerospace, and oil & gas. The demand from industrial automation is expected to grow rapidly in the coming years owing to the increasing adoption of Industrial IoT (IIoT). The technology is used in many industrial automation applications that require real time data transfer, such as motion control in manufacturing.

The automotive industry also provides viable growth opportunities for the TSN market. The rising demand for advanced features and sensor networks for driver assistance results in the need for cross-domain communication and increased bandwidth. IEEE standards are leveraged to modernize vehicles with a secure networking technology, which make the automotive sector an opportunity for the TSN market. Owing to the growing demand for IEEE in the modernization of vehicles with a secure networking technology, the automotive sector provides an opportunity for the TSN market growth.

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North America is anticipated to hold a major share of the TSN market owing to the increasing adoption of these solutions in the region. The rise in the number of industries in recent years is a major factor driving the industry growth over the forecast timespan. Leading companies participating actively in the technology development are also driving the industry growth in the region.

Major players in the TSN market are NXP Semiconductors, Marvell Technology Group Ltd., Cisco, B&R Industrial Automation, Broadcom Inc., Renesas Electronics, Intel Corporation, Schneider Electric, National Instruments, Bosch Rexroth, Hilscher Gesellschaft für Systemautomation mbH, TTTech.

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