Global Time-Sensitive Networking Market to Reach $962.6 Million by 2027
Amid the COVID-19 crisis, the global market for Time-Sensitive Networking estimated at US$61.5 Million in the year 2020, is projected to reach a revised size of US$962.6 Million by 2027, growing at a CAGR of 48.1% over the analysis period 2020-2027. Switches, one of the segments analyzed in the report, is projected to record a 52.5% CAGR and reach US$417.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hubs, Routers and Gateways segment is readjusted to a revised 43.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.7 Million, While China is Forecast to Grow at 45.6% CAGR
The Time-Sensitive Networking market in the U.S. is estimated at US$18.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$151.6 Million by the year 2027 trailing a CAGR of 45.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 43% and 40.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 31.6% CAGR.
Connectors Segment to Record 48.1% CAGR
In the global Connectors segment, USA, Canada, Japan, China and Europe will drive the 48.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.2 Million in the year 2020 will reach a projected size of US$81 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$115.6 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 153-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Analog Devices, Inc.
- B&R Industrial Automation GmbH
- Belden, Inc.
- Bosch Rexroth AG
- Broadcom Ltd.
- Cisco Systems, Inc.
- General Electric Company
- Intel Corporation
- Marvell Technology Group Ltd.
- Microsemi Corporation
- National Instruments Corporation
- NXP Semiconductors NV
- Renesas Electronics Corporation
- Rockwell Automation, Inc.
- Schneider Electric SA
- TTTech Computertechnik AG
- Xilinx, Inc.