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Time-Sensitive Networking Market Size

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

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Time-Sensitive Networking Market Size

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. 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.

Time-Sensitive Networking Market Report Attributes
Report Attribute	Details
Base Year:	2022
Time-Sensitive Networking Market Size in 2022:	USD 300 million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15%
2032 Value Projection:	USD 1.5 billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	319
Segments covered:	Component, Application
Growth Drivers:	Growing adoption of industrial automation Rising demand for deterministic ethernet Development of different industrial ethernet protocols Increasing adoption of Industrial IoT (IIoT) and Industry 4.0 solutions
Pitfalls & Challenges:	Concern related to network security Complexities in deployment of TSN with existing technologies

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Complexities associated with TSN integration to restrain global 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 time-sensitive networking market 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.

Authors: Preeti Wadhwani

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.