Get a free sample of Time-Sensitive Networking Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Time-Sensitive Networking Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Time-Sensitive Networking Market Analysis
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.
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.
Time-sensitive networking market valuation from aerospace applications is poised to exceed USD 100 million by 2032. The surging demand for TSN equipment in the aerospace sector can be attributed to the increasing penetration of advanced sensors. TSN switches play a key role in facilitating data transmission across critical aerospace applications, such as fly-by-wire and the highly sophisticated flight control system. Due to advancements in aviation and aviation components, the need for reducing complexity and transmitting data packets without any delays has emerged stronger, driving the adoption of TSN solutions.
Europe time-sensitive networking market is estimated to surpass 20% share by 2032, driven by the robust presence of a massive automotive sector, providing lucrative scope for the deployment of TSN sensors across advanced automotive applications. Moreover, the region has a solid footprint of some of the leading companies specializing in TSN products such as NXP Semiconductor, and TTTech Computertechnik AG, offering TSN switches for the automobile sector.
Furthermore, Europe is experiencing dynamic growth in the adoption of autonomous vehicles featuring innovative hardware and software components. These vehicles depend on low-latency and high-bandwidth in-vehicle communications for applications, such as adaptive cruise control, traffic sign recognition, parking automation, night vision, and blind-spot warning, among others. Thus, the advent of smart vehicles will consolidate a robust demand for TSN services and solutions in Europe.
How will the aerospace sector drive demand for TSN?
TSN market valuation from aerospace applications is poised to exceed USD 100 million by 2032 owing to the increasing advancements in avionic systems.
What factors are expanding Europe TSN industry?
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.
Who are the leading TSN providers worldwide?
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.
How big is the time-sensitive networking market?
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.