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Hot Tech Stocks Retreats on New Development: Microchip Technology (NASDAQ:MCHP), VimpelCom Ltd (NASDAQ:VIP)
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First Single-Chip Network Synchronization Solution Provides Ultra Precise Timing For 5G Radio Access Equipment
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First Single-Chip Network Synchronization Solution from Microchip Technology Provides Ultra Precise Timing for 5G Radio Access Equipment
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New Ethernet PHYs Enable Multidrop Bus Architecture, Enhancing Industrial Networks Scalability
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According to a research report
“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”, published by MarketsandMarkets™, the Time-Sensitive Networking 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.
By component, the switches segment held a major share of the TSN market in 2020, and a similar trend is likely to be observed during the forecast period.