Global Time-Sensitive Networking Market (2016-2021) - GMI Research Global Time-Sensitive Networking Market Opportunit | Page 2

in the adoption rate of industrial internet of things technologies worldwide. In
addition, the increased demand for time-sensitive networking in automotive
application is also an important factor which will help in the growth of time-
sensitive networking market during the forecast period.
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On the basis of component, switches segment is expected to grow at the highest
CAGR during the forecast period. This growth is attributed to increased usage of
time sensitive networking enabled switches in various end-use applications.
Many key players are focussing towards the development of these switches in
the near future. On the other hand, the automotive application segment is
projected to grow at the fastest rate during the forecast period owing to the fact
that time sensitive networking uses deterministic ethernet which inturn helps to
make wiring harnesses cost-effective and light in weight. Also, the technological
advancements coupled with stringent government policies and regulations
pertaining to safety and environment will further bolster the growth of time
sensitive networking market in automotive application.
North America is estimated to largest share in 2016 in the global time-sensitive
networking market. The increased penetration of industrial automation solutions
coupled with the rising adoption rate of time sensitive networking technology for
industrial manufacturing are the key factors fuelling the growth of time sensitive
networking market in the region. United States is the key country in the region
which holds a significant market share in the North America time sensitive
networking market.
This research report on time sensitive networking market provides in-depth
analysis of the global time sensitive networking market based on component,