Time-Sensitive Networking Market Size, Share, Trends, Growth and Forecast 2030

Time-Sensitive Networking Market

Time-Sensitive Networking Market By Component (controllers & processors, power supply devices, connectors, memory, switches, hubs, routers & gateways, and others), By Application (comprises aerospace, automotive & transportation, industrial automation, oil & gas, power & energy, and others.), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Technology & Media Report Format : PDF Report Code: ZMR-6006 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 231.54 Million USD 2135.48 Million 32.01% 2022

Time-Sensitive Networking Market

Description

Global Time-Sensitive Networking Market: Overview

The Global Time-Sensitive Networking Market size was worth around USD 231.54 Million in 2022 and is predicted to grow to around USD 2135.48 Million by 2030 with a compound annual growth rate (CAGR) of roughly 32.01% between 2023 and 2030.

Global Time-Sensitive Networking Market SizeRequest Free Sample

Time-Sensitive Networking (TSN) is a set of IEEE 802 standards. By default, it makes Ethernet deterministic. TSN is a Layer 2 technology and is an Ethernet standard and not an Internet Protocol standard. TSN can be used in any environment and carry the payload of any industrial application.

Global Time-Sensitive Networking Market: Growth Factors

The global time-sensitive networking market is growing at a substantial rate. Factors such as the growing necessity for real-time networking, the rise in automation in several industries, and the rapid adoption of time-sensitive networking across several industries are propelling the growth of the global time-sensitive networking market. Deterministic communication is vital to numerous industries including transportation, manufacturing, automotive, aerospace, and many more. The time-sensitive networking allows optimization and connectivity of new levels which results in cost savings in several industries. The technology of TSN is focused on the time that makes sure that from point A to point B, the information has traveled in a predictable & fixed amount of time. In addition to this, in ever-growing converged networks, with the use of Industry 4.0, there is an increase in network traffic.

In such cases, scalability and flexibility are required by the network to support big data server systems and small devices. All these requirements are fulfilled by time-sensitive networking and thus there is a rise in the adoption of time-sensitive networking across several industries. This is driving the growth of the global market. Moreover, the rise in the adoption of industrial IoT and the increase in demand for deterministic communication are also some of the factors that are fostering the growth of the market. Furthermore, technological advancement in the development of ethernet protocols may have beneficial opportunities for the growth of the global time-sensitive networking market over the forecast period. However, complications involved in the amalgamation of TSN with the present technologies may limit the growth of the global time-sensitive networking market.

Like many other businesses, the global time-sensitive networking market is also been hampered by the pandemic of the Covid-19. However, the impact of the Covid-19 pandemic on the market is expected to remain moderate over the forecast period. The manufacturing, transportation, and automotive industry are been severely hit by the strict regulations of several governments across the world to curb the spread of infection which ultimately restricted the use of manpower in the industry. As time-sensitive networking helps industrial automation and helps companies to work with a lesser number of workforces, most of the companies are adopting time-sensitive networking to seamlessly the production activity.

Global Time-Sensitive Networking Market: Segmentation

The global time-sensitive networking market is segregated based on the component, application, and region. Based on the component, the global time-sensitive networking market is fragmented into controllers & processors, power supply devices, connectors, memory, switches, hubs, routers & gateways, and others. The application segment comprises aerospace, automotive & transportation, industrial automation, oil & gas, power & energy, and others.

Time-Sensitive Networking Market: Report Scope

Report Attributes Report Details
Report Name Time-Sensitive Networking Market Size Report
Market Size in 2022 USD 231.54 Million
Market Forecast in 2030 USD 2135.48 Million
Growth Rate CAGR of 32.01%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered NXP Semiconductors, Microsemi Corporation, Intel Corporation, Analog Devices, Inc., Renesas Electronics Corporation, National Instruments Corporation, Marvell Technology Group Ltd., TTTech Computertechnik AG, Belden Inc, and Broadcom Limited.
Segments Covered By Component,By Application,And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Time-Sensitive Networking Market: Regional Analysis

Among the regions, North America is anticipated to hold the maximum share in the global time-sensitive networking market and remain dominant over the forecast period. The rise in adoption of advanced technologies, growing demand for industrial Internet of Things & Industry 4.0, and increase in the necessity of deterministic communication across several industries are the prime factors that are primarily spurring the growth of the market in this region. In addition to this, huge investments made by the market players for the development and launch of advanced TSN are also contributing to the growth of the market in this region. Europe is also estimated to account for a significant share in the market growth and holds the second position in terms of revenue. Factors such as the presence of manufacturing units and rapid automation in the industrial sector are boosting the growth of the market in this region. The market in the Asia Pacific region is also expected to contribute to a significant share owing to the rise in the need for real-time networking and growing demand for TSN from the transportation and power & energy sectors.

Global Time-Sensitive Networking Market: Competitive Players

  • NXP Semiconductors
  • Microsemi Corporation
  • Intel Corporation
  • Analog Devices
  • Renesas Electronics Corporation
  • National Instruments Corporation
  • Marvell Technology Group Ltd.
  • TTTech Computertechnik AG
  • Belden Inc
  • Broadcom Limited.

Global Time-Sensitive Networking Market: Segmentation

By Component

  • controllers & processors
  • power supply devices
  • connectors
  • memory
  • switches
  • hubs 
  • routers & gateways

By Application

  • Comprises aerospace
  • Automotive & transportation
  • Industrial automation
  • Oil & gas
  • Power & energy

Global Time-Sensitive Networking Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global time-sensitive networking market is growing at a substantial rate. Factors such as the growing necessity for real-time networking, rise in automation in several industries, and rapid adoption of time-sensitive networking across several industries are propelling the growth of the global time-sensitive networking market. Furthermore, technological advancement in the development of ethernet protocols may have beneficial opportunities for the growth of the global time-sensitive networking market over the forecast period.

The key participants in the global time-sensitive networking market are NXP Semiconductors, Microsemi Corporation, Intel Corporation, Analog Devices, Inc., Renesas Electronics Corporation, National Instruments Corporation, Marvell Technology Group Ltd., TTTech Computertechnik AG, Belden Inc, and Broadcom Limited.

Among the regions, North America is anticipated to hold the maximum share in the global time-sensitive networking market and remain dominant over the forecast period. The rise in adoption of advanced technologies, growing demand for industry Internet of Things & Industry 4.0, and increase in the necessity of deterministic communication across several industries are the prime factors that are primarily spurring the growth of the market in this region. In addition to this, huge investments made by the market players for the development and launch of advanced TSN are also contributing to the growth of the market in this region.

 

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