Time-sensitive Networking Market

Market Leader - Time-sensitive Networking Market

The TSN market size is projected to reach USD 1,188 million by 2026 from an estimated USD 134 million in 2021, at a CAGR of 54.7% from 2021 to 2026. Growing adoption of industrial automation in manufacturing industries, rising demand for deterministic Ethernet for real-time applications, and challenging multiple controller applications are among the factors driving the growth of the TSN market.

Belden Inc. (US), Cisco Systems, Inc. (US), Intel Corporation (US), National Instruments Corporation (US), Marvell Technology Group Ltd. (Bermuda), NXP Semiconductors N.V. (Netherlands), Microchip Technology Incorporated (US), Analog Devices, Inc. (US), Broadcom Inc. (US), and Advanced Micro Devices, Inc. (US), are some of the key players in the TSN market. These players have adopted various growth strategies, such as product launches and developments, collaborations, acquisitions, and expansions to retain their presence in the TSN market. Product launches and developments have been the most dominating strategy adopted by the key players from January 2017 to February 2021 to help them strengthen their product portfolio and broaden their customer base.

Belden Inc. held the leading position in the TSN market. The company witnessed a revenue decrease of approximately 13% from 2019 to 2020 and held ~13–15% share of the TSN market in 2020. To strengthen its market position, the company is engaged in constant product launches. It focuses on expanding the TSN product portfolio to cater to the demands of various industries.

Cisco Systems, Inc. held the second position in the TSN market. The company have significantly benefitted from its well-recognized brands, wide product portfolio, and strong distribution capabilities in the growing TSN market. Also, its growth rates are in proportion to market growth and profit margins appear to improve as it reduces the marginal cost of production, cut better deals with suppliers, and negotiate competitive prices with its trade partners.

Intel Corporation has secured third position in the TSN market. The company has a good distribution network and reach in APAC and other countries, allowing its products to reach a large number of customers in a timely manner. The company has a strong relationship with its dealers, who focus on promoting its products and providing sales training to its employees. The company has witnessed a strong financial performance over the past three years, along with accumulated profit reserves that can be used to finance future capital expenses.

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National Instruments Corporation has secured the fourth position in the TSN market. The company is actively working on TSN, the evolution of the IEEE 802.1 Ethernet standard, to offer distributed time synchronization, low latency, and convergence of time-critical and general networking traffic. Thus, it helps meet the evolving needs of its customers by building high-performance systems, thereby providing the company a significant competitive advantage. Also, the company has a giant distribution network that gives it an edge over its competitors in terms of seamless product and service delivery. The company’s business is spread globally, and a widespread customer base reduces the dependence on only one region for revenue generation, thereby lowering its business risks. The company is diversifying its revenue base across the world and a wide customer base.

Marvell Technology Group Ltd. has secured the fifth position in the TSN market. The company in the TSN market is spread globally. The company invests huge resources in training and development of its employees, resulting in a highly-skilled workforce. It also has built a culture among distributors and dealers where the dealers not only promote the company’s products but also invest in training the sales team to explain to customers how to extract the maximum benefits out of the products. The company continues to challenge National Instruments Corporation. It derives 40% of its revenue from China, 10% from the US, and 23% from APAC. The company has been launching new products worldwide to enhance its portfolio.

Related Reports:

Time-sensitive Networking Market with COVID-19 Impact Analysis by Component (Switches, Hubs, Routers, and Gateways, Connectors, Communication Interfaces, Controllers and Processors, Memory), Applications, and Geography - Global Forecast to 2026

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Report Code
SE 5539
RI Published ON
6/14/2021
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