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Time-Sensitive Networking (TNS) Market size to surpass $1.5 Bn by 2032

  • Published Date: January 25, 2023

Time-Sensitive Networking Market size is projected to surpass USD 1.5 billion by 2032, according to a recent research report announced by Global Market Insights Inc.

A steady rise in the demand for deterministic Ethernet is projected to positively influence the TSN industry dynamics. Deterministic Ethernet solutions are extensively deployed by automotive manufacturers to support the ongoing advancements in vehicle technologies. TSN offers a robust and reliable infrastructure when integrated with high-performance Ethernet, enabling businesses to implement IIoT (Industrial Internet of Things) strategies.

As a result, industry players are launching innovative Ethernet networking solutions for different industrial applications. For instance, in November 2022, Marvell Technology announced the expansion of its campus networking portfolio into operational technology (OT) networks. This strategy will allow industrial organizations to leverage Marvell’s secure deterministic Ethernet solution. Similar initiatives pertaining to deterministic Ethernet applications will pave the way for the enhanced TSN industry outlook.

Digitization trends across enterprises to drive the demand for TSN services

Time-sensitive networking market size from the service segment is expected to witness over 15% CAGR between 2023-2032. TSN services are experiencing a significant surge in demand owing to the lack of technical expertise and understanding required to integrate and operate TSN technologies. Rapid digitization of a broad spectrum of business verticals is further proliferating the adoption of connected devices, AI, and IoT, necessitating robust infrastructure and high-bandwidth protocols. Moreover, the increasing focus on failproof data transmission across control units and data storage along with the rising need for deterministic connectivity will fuel the preference for TSN services.

TSN services segment is bifurcated into professional and managed services. The managed services sub-segment accounted for more than 15% share of the TSN market in 2022. The increasing adoption of managed services can be attributed to their ability to reduce overall operational expenditure by eliminating the need for the deployment of any additional networking devices. Furthermore, the extensive developments in the field of 5G technology are expected to further propel the need for TSN services.

Surging deployment of autonomous vehicles fuel TSN application scope in offshore oil & gas fields

Time-sensitive networking market valuation from oil & gas applications surpassed USD 35 million in 2022. The oil & gas sector is ramping up the adoption of automation tools to prevent accidents and risks associated with harmful gas leaks and fires. Modern technologies, such as robots, sensors, and unmanned autonomous vehicles are rapidly penetrating the oil & gas sector, accelerating the demand for TSN solutions. Several oil and gas giants worldwide are investing heavily in unmanned systems and drones for surveillance, leak detection, and inspection at a cheaper, safer, and faster rate.

Browse key industry insights spread across 250 pages with 288 market data tables and 31 figures & charts from the report “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” in detail along with the table of contents:

Booming manufacturing sector in APAC to influence TSN market trends

Asia Pacific Time-sensitive networking market size is anticipated to expand at over 20% CAGR from 2023-2032 driven by rapid industrialization and the strong presence of giant manufacturing facilities. The fast-paced digitization of different industry verticals is encouraging large-scale adoption of automated technologies across enterprises in APAC countries such as India, South Korea, and China. The emergence of APAC as a manufacturing hub is expected to further boost the adoption of next-generation technologies, compelling the need for robust communication and network infrastructure. Furthermore, several governments are focusing on the manufacturing sector for economic recovery in the post-pandemic era. For instance, the Government of India is betting on the National Manufacturing Policy to accelerate the share of the manufacturing sector to its GDP to 25% by 2025.

New product launches to boost Time-sensitive networking market development

Analog Devices, Inc., Broadcom Limited, Belden, Inc., Cisco Systems, Inc., Microsemi Corporation, Marvell Technology Group Ltd., Nokia Corporation, Inc., Renesas Electronics Corporation, and TTTech Computertechnik AG are some of the leading companies in the global TSN industry. These market participants are introducing advanced TSN product portfolios to achieve a competitive lead. For instance, in January 2022, Microchip Technology unveiled the new LAN9668 range of TSN switching devices featuring IEEE standards-compliant switching solutions for industrial and commercial use.

Authors: Preeti Wadhwani, Shamal Gawande

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