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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.
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.
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.
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.