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Time-Sensitive Networking Market Size By Component (Solution [Switches, Controllers & Processors, Other Hardware Components], Service [Professional Services, Managed Services]), By Application (Industrial Automation, Power & Energy, Automotive & Transportation, Oil & Gas, Aerospace), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2319
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Time-Sensitive Networking Market size was worth more than USD 300 million in 2022 and is anticipated to exhibit over 15% CAGR from 2023-2032. Increasing adoption of IoT and industrial 4.0 revolution solutions will accelerate industry growth through 2032.

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The emergence of the fourth industrial revolution (industry 4.0) has spurred the adoption of next-generation industrial solutions such as IoT. This is expected to have a positive impact on the time-sensitive networking (TSN) market. For instance, according to Eurostat, nearly 29% of EU enterprises used IoT devices in 2021 with Austria, Slovenia, Finland, and Sweden in the lead. TSN standards have also become critical in addressing concerns associated with flexibility, interoperability, and complexities pertaining to data packet transmission. Thus, several industry verticals are leveraging TSN IEEE standards to ensure agile and scalable data transmission across different operations.

Complexities associated with TSN integration to restrain industry trends

TSN comprises a wide variety of techniques, such as traffic scheduling, and time shaping, that cannot be easily integrated into the existing infrastructure. This scenario necessitates a new and more advanced network infrastructure with hardware devices, increasing the complexity of the infrastructure and making it unreliable and less secure, hampering the overall industry outlook. However, the surging adoption of autonomous vehicles is expected to offer lucrative business prospects for the TSN industry as automakers will accelerate the deployment of ethernet TSN technology. Since TSN enables manufacturers to strengthen network connectivity and ensure adherence to safety measures, the product demand is expected to increase.

Rising adoption of TSN-based solutions to augment industry expansion

Solution component segment held more than 75% share of the time-sensitive networking market in 2022. The ongoing developments in TSN solutions as well as the introduction of advanced switches and controllers will augment the segment growth. The advent of industrial automation has encouraged several businesses to adopt TSN-based robotics systems to streamline machine-to-machine communications as it helps users secure massive volumes of data employed in predictive analysis. TSN-enabled equipment has several benefits, such as efficiency modeling, predictive maintenance, quality, and machine performance metrics in an industrial set-up, while deploying AI or machine learning.

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TSN solutions segment is further classified into controllers & processors, switches, and other hardware components. The controllers & processors sub-segment is anticipated to record over 15% CAGR between 2023-2032. The consistent industrial automation has fueled the need among enterprises for effective management of automation applications, fostering the demand for TSN compatible controllers and processors. While the TSN controller allows traffic scheduling and time synchronization using hardware stacks, communication processors help integrate industrial Ethernet with controllers.

Advancements in autonomous vehicles to foster TSN demand in Europe

Authors: Preeti Wadhwani, Shamal Gawande

Frequently Asked Questions (FAQ) :

The global time-sensitive networking (TSN) market size was worth more than USD 300 million in 2022 and is projected to exhibit over 15% CAGR from 2023-2032.
TSN market valuation from aerospace applications is poised to exceed USD 100 million by 2032 owing to the increasing advancements in avionic systems.
Europe time-sensitive networking market is estimated to surpass 20% share by 2032 due to the growing demand for TSN equipment driven by the advent of autonomous vehicles.
Analog Devices, Inc., Belden, Inc., Broadcom Limited, Cisco Systems, Inc., Microsemi Corporation, and Renesas Electronics Corporation are some of the key companies in the time-sensitive networking industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 319
  • Countries covered: 19
  • Pages: 250
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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