What Is The Scope Of The Global Time-Sensitive Networking (TSN) Market?
Time-sensitive networking (TSN) is a set of standards developed to enhance ethernet networks, making them capable of handling time-sensitive data with precise timing and low latency. It aims to provide reliable, deterministic performance in network communications, which is crucial for applications that require high levels of synchronization and minimal delay, such as industrial automation, automotive systems, and professional audio/video streaming.
Time-Sensitive Networking (TSN) Global Market Report 2024 provides data on the global time-sensitive networking (tsn) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The time-sensitive networking (tsn) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Time-Sensitive Networking (TSN) Market Expected To Grow In Size And Annual Rates?
The time-sensitive networking (TSN) market has also shown substantial growth. It is projected to expand from $0.51 billion in 2023 to $0.65 billion in 2024, reflecting a CAGR of 26.1%. This growth is attributed to rising data traffic, increased computational power, demand for advanced network infrastructure, the need for real-time communication in vehicles, and industrial automation. The market is forecasted to grow to $1.65 billion by 2028, with a CAGR of 26.3%. Factors such as the rise of industrial 4.0, industrial IoT, the need for deterministic communication, and surging demand in automotive and aerospace sectors will fuel this growth. Trends in the coming years include advanced hardware and software, switches and controllers, sensors, and technological innovations.
What Main Forces Are Fueling Expansion In The Time-Sensitive Networking (TSN) Market?
The growing adoption of the industrial internet of things (IIoT) is propelling the time-sensitive networking (TSN) market. IIoT involves integrating connected devices, sensors, and machines into industrial systems to enable real-time data collection and control in manufacturing, energy, and transportation. Industries seek operational efficiency, predictive maintenance, and improved safety through IIoT. TSN supports these needs by ensuring reliable, real-time communication for automation and robotics. IOT Analytics reported that mobile operators generated $15 billion from 3.56 billion cellular IoT connections in 2024, with 5G expected to drive an 18% CAGR in the global cellular IoT market by 2030. The demand for IIoT is consequently accelerating TSN market growth.
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What Are The Primary Segments In The Global Time-Sensitive Networking (TSN) Market?
The time-sensitive networking (TSN) market covered in this report is segmented –
1) By Type: IEEE 802.1 AS, IEEE 8021 Qbv, IEEE 802.1 CB, IEEE 8021 Qbu, IEEE 8021 Qc, Other Types
2) By Component: Controllers And Processors, Power Supply Devices, Connectors, Memory, Switches, Hubs , Routers And Gateways
3) By Application: Industrial Automation, Power And Energy, Automotive And Transportation, Oil And Gas, Aerospace, Other Applications
Which Key Trends Are Driving Changes In The Time-Sensitive Networking (TSN) Market?
The time-sensitive networking (TSN) market is witnessing innovations in switching solutions to meet the demand for reliable, real-time industrial communication. These switches prioritize time-sensitive data for enhanced performance. For example, in January 2022, US-based Microchip Technology introduced LAN9668, a TSN Ethernet switch family designed for industrial automation. These switches enable low-latency data traffic and clock accuracy, supporting converged network architectures for improved operations.
What Is The Leading Region In The Time-Sensitive Networking (TSN) Market?
North America was the largest region in the time-sensitive networking (TSN) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the time-sensitive networking (TSN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
