Time-Sensitive Networking Market by Type (IEEE 802.1 AS, IEEE 802.1 Qbv, IEEE 802.1 CB, IEEE 802.1 Qbu), Component (Switches, Hubs Routers &Gateways, Controllers & Processors, Isolators & Convertors), End User, Region - Global Forecast to 2028
[247 Pages Report] The global time-sensitive networking was valued at USD 0.2 billion in 2023 and is estimated to reach USD 1.7 billion by 2028, registering a CAGR of 58.3% during the forecast period. The increasing demand for automation in industrial applications is driving the growth of the time-sensitive networking market. Automation has become a key enabler for industries seeking to increase productivity, efficiency, and safety. The use of TSN in industrial automation applications can help to optimize production processes, minimize downtime, and reduce maintenance costs. Additionally, The rapid digitization of industrial processes has been a driving force behind the growth of the time-sensitive networking (TSN) market.
Attractive Opportunities in the Time-Sensitive Networking Market
Time-Sensitive Networking Market Forecast to 2028
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Market Dynamics:
Driver: Increasing demand for deterministic ethernet in real time applications
The rising demand for deterministic Ethernet for real-time applications is a significant driver of the Time-sensitive networking (TSN) market. TSN is a set of IEEE standards that provide deterministic and low-latency communication for industrial control applications. Deterministic Ethernet ensures that data is delivered predictably and reliably, which is essential for real-time applications such as robotics, machine vision, and process control. With the increasing adoption of Industrial Internet of Things (IIoT) and Industry 4.0, the need for real-time communication has become more critical than ever before. Traditional Ethernet networks cannot meet the demands of these applications due to the lack of determinism, resulting in unpredictable communication delays and packet loss. Deterministic Ethernet, on the other hand, provides the necessary guarantees for real-time communication.
Restraint: Limited standardization of time-sensitive networking
Limited standardization is one of the key challenges facing the time-sensitive networking (TSN) market. TSN is a set of Ethernet standards that provide deterministic communication capabilities for time-critical applications. However, there are several competing TSN standards in the market, which can cause confusion and interoperability issues for users. Currently, there are multiple TSN standards being developed by different industry consortiums, including the Institute of Electrical and Electronics Engineers (IEEE), the Industrial Internet Consortium (IIC), and the Avnu Alliance. While all of these standards are intended to provide similar functionality, they have slight differences in implementation and capabilities.
Opportunity: Emergence of 5G technology
The emergence of 5G technology is a significant opportunity for the time-sensitive networking market. 5G networks are designed to provide ultra-low latency, high reliability, and high bandwidth capabilities, which are essential for many TSN applications, such as autonomous vehicles, industrial automation, and real-time communication. One of the primary advantages of 5G technology is that it enables a higher degree of flexibility and scalability for TSN networks. With 5G, it is possible to establish a highly reliable and low-latency wireless connection between devices, eliminating the need for physical connections. This allows for greater mobility and flexibility in TSN applications, such as industrial automation and robotics.
Challenge: High complexity designing, maintaining and implementing TSN networks
Time-sensitive networking (TSN) presents a challenge in the market due to its intricate network systems that demand specific technical requirements for ensuring prompt and predictable delivery of data packets. Designing, maintaining, and implementing TSN networks becomes complex, posing a significant hurdle. Comprehensive knowledge of TSN standards and protocols is necessary for successful implementation, encompassing aspects such as timing and synchronization, traffic shaping, stream reservation, fault tolerance, and redundancy. Additionally, the design process involves integrating diverse applications and devices with varying configurations, capabilities, and vendor-specific protocols. Consequently, the complexity involved raises costs and time constraints, making it particularly difficult for smaller companies and industries to engage with TSN networks.
Time-Sensitive Networking Market Ecosystem
The time-sensitive networking market is consolidated, with major companies such as Belden Inc., Cisco Systems Inc., Siemens, Texas Instruments, and Marvell Technology Group, and numerous small- and medium-sized enterprises. Almost all players offer a wide range of products, including switches, hubs routers gateways, controllers and processors, insolators and converters. These components are widely used in the power and energy, automotive, transportation, telecom and data center, pharmaceutical aerospace and other industrial sector.
Based on type IEEE 802.1 AS segment is expected to have highest CAGR during the forecast period.
The IEEE 802.1 AS is expected to grow at highest CAGR during the forecast period, due to its specific focus on delivering precise timing and synchronization for time-sensitive applications. With the increasing demand for real-time communication and synchronization in sectors such as industrial automation, automotive, and professional audio/video, IEEE 802.1 AS provides a standardized and reliable solution. Its ability to ensure accurate synchronization across multiple devices and networks, coupled with its wide industry support and interoperability, makes it a preferred choice for TSN deployments, driving its high growth in the market.
Based on component, the switches segment is projected to largest market share during the forecast period.
Switches have the largest market share in the Time-Sensitive Networking (TSN) market due to their crucial role in network infrastructure, providing connectivity and facilitating precise and low-latency communication. TSN switches are designed to support TSN features, such as time synchronization and Quality of Service (QoS) guarantees, ensuring reliable and real-time data transfer. With their scalability, flexibility, and wide availability from various vendors, switches have become the preferred choice for implementing TSN solutions, making them the dominant component in the TSN market.
Based on region, Asia Pacific is projected to grow fastest for the time-sensitive networking market.
Asia Pacific is growing at the fastest rate in the Time-Sensitive Networking (TSN) market due to several factors. The region is witnessing rapid industrialization, with industries such as manufacturing, automotive, and electronics experiencing substantial growth. These industries heavily rely on real-time communication, synchronization, and control for efficient operations and are actively adopting TSN to enhance their manufacturing processes, automation systems, and supply chain management. Additionally, the rising adoption of Industrial Internet of Things (IIoT) and smart manufacturing initiatives in countries like China, Japan, and South Korea is driving the demand for TSN technologies, fueling the growth of the market in the Asia Pacific region.
Time-Sensitive Networking Market by Region
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Key Market Players
The time-sensitive networking companies is dominated by a few globally established players such as Belden Inc (US), Cisco Systems Inc. (US), Texas Instruments Incorporated (US), Siemens (Germany), Marvell Technology Group Ltd. (US), NXP Semiconductor N.V. (Netherlands), Microchip Technology Inc. (US), Analog Devices, Inc., (US), Broadcom Inc. (US), Renesas Electronics Corporation (US).
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Report Metric |
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Market Size Availability for Years |
2019–2028 |
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Base Year |
2022 |
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Forecast Period |
2023–2028 |
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Forecast Units |
Value (USD) |
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Segments Covered |
By type, component, end user, and region |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the world |
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Companies Covered |
Belden Inc (US), Cisco Systems Inc. (US), Texas Instruments Incorporated (US), Siemens (Germany), Marvell Technology Group Ltd. (US), NXP Semiconductor N.V. (Netherlands), Microchip Technology Inc. (US), Analog Devices, Inc., (US), Broadcom Inc. (US), Renesas Electronics Corporation (US). |
Time-Sensitive Networking Market Highlights
This research report categorizes the time-sensitive networking market based on type, compoenent, and end user, and region
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Recent Developments
- In March 2023, Broadcom Inc. (US) has made an announcement regarding the availability of its 5nm 100G/lane optical PAM-4 DSP PHY that includes an integrated transimpedance amplifier (TIA) and laser driver, called the BCM85812. This product has been designed to be optimized for applications such as 800G DR8, 2x400G FR4, and 800G AOC modules. The BCM85812 is built on Broadcom's 5nm 112G PAM-4 DSP platform and delivers exceptional efficiency and performance. Additionally, this fully integrated DSP PHY enables hyperscale data center and cloud providers to lower their overall system power consumption to unprecedented levels.
- In November 2022, Microchip Technology Inc. (US) has introduced the LAN8840 and LAN8841 Gigabit Ethernet transceiver devices, which are compliant with IEEE 1588v2 standards for Precision Timing Protocol. The Ethernet devices, which are equipped with Linux® drivers, provide versatile Ethernet speed choices, such as 10BASE-T, 10BASE-Te, 100BASE-TX, and 1000BASE-T
- In March 2022, Belden Inc. (US), provider of specialized networking solutions worldwide, has announced its acquisition of NetModule AG (Switzerland) and its skilled team, which is a valuable addition to its portfolio. NetModule AG specializes in delivering dependable, high-speed, and secure wireless network infrastructures for various mission-critical sectors, particularly in mass transit and intelligent traffic systems.
- In November 2020, Microchip Technology Inc. (US) collaborated with Innovium Inc. (US), a provider of networking solutions for data centers, to demonstrate interoperability between its META-DX1 terabit-class Ethernet (PHY devices and Innovium’s TERALYNX 7 Ethernet switches.
Frequently Asked Questions (FAQ):
What are the primary companies operating in the time-sensitive networking industry? How do they aim to enhance their market position?
Key players in the TSN market include Belden Inc (US), Cisco Systems Inc. (US), Texas Instruments Incorporated (US), Siemens (Germany), and Marvell Technology Group Ltd. (US). These companies employ strategies such as introducing new products, forming partnerships, making acquisitions, and expanding their operations to bolster their presence in the market.
Which region holds the potential for the time-sensitive networking market?
The TSN market is projected to have significant growth in the North region, primarily due to the prominent presence of key players in the TSN ecosystem like Belden Inc., Cisco Systems, Inc., Texas Instruments Incorporated, and Marvell Technology Group Ltd.
What are the opportunities available for new entrants in the market?
Start-up companies have ample opportunities in the TSN market, particularly in the fields of industrial automation and automotive. These companies offer innovative products that find widespread applications in these industries.
What are the factors that contribute to the growth of the time-sensitive networking market?
The TSN market is being driven by various factors, including increased adoption of industrial automation in manufacturing industries, growing demand for deterministic Ethernet for real-time applications, and the need for efficient handling of multiple controller applications. Additionally, the integration of 5G technology with TSN for mobile network sharing and the application of Ethernet TSN in reshaping in-vehicle communications present attractive opportunities in the TSN market.
Which industries are expected to be the primary drivers of market growth for time-sensitive networking in the next 5 years?
The power and energy industries, along with the automotive industry, are anticipated to play a significant role and hold substantial market share in the TSN market during the next 5 years.
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To estimate the size of the time-sensitive networking market, the study utilized four major activities. Exhaustive secondary research was conducted to gather information on the market, as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.
Secondary Research
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the time-sensitive networking market. Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of key secondary sources
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Primary Research
To gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting, primary interviews were conducted. Additionally, primary research was used to comprehend the various technology, application, vertical, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using time-sensitive networking, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of time-sensitive networking, which will impact the overall market. Several primary interviews were conducted across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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Market Size Estimation
To estimate and validate the size of the time-sensitive networking market and its submarkets, both top-down and bottom-up approaches were utilized. Secondary research was conducted to identify the key players in the market, and primary and secondary research was used to determine their market share in specific regions. The entire process involved studying the annual and financial reports of top players and conducting extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. Secondary sources were used to determine all percentage shares and breakdowns, which were then verified through primary sources. All parameters that could impact the markets covered in this research study were accounted for, analyzed in detail, verified through primary research, and consolidated to obtain the final quantitative and qualitative data.
Global Time-sensitive networking Market Size: Botton Up Approach
- Identifying various time-sensitive networking components
- Analyzing the penetration of each component through secondary and primary research
- Analyzing integration of time-sensitive networking components in different applications through secondary and primary research
- Conducting multiple discussions with key opinion leaders to understand the detailed working of time-sensitive networks and their implementation in multiple applications; this helped analyze the break-up of the scope of work carried out by each major company
- Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and finally with the domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Global Time-sensitive networking Market Size: Top Down Approach
The top-down approach has been used to estimate and validate the total size of the time-sensitive networking market.
- Focusing initially on the R&D investments and expenditures being made in the ecosystem of the time-sensitive networking market; further splitting the market on the basis of type, components, end user, and region and listing the key developments
- Identifying leading players in the time-sensitive networking market through secondary research and verifying them through brief discussions with industry experts
- Analyzing revenue, product mix, geographic presence, and key applications for which products are served by all identified players to estimate and arrive at percentage splits for all key segments
- Discussing splits with industry experts to validate the information and identify key growth pockets across all key segments
- Breaking down the total market based on verified splits and key growth pockets across all segments
Data Triangulation
Once the overall size of the time-sensitive networking market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. To triangulate the data, various factors and trends from the demand and supply sides were studied. The market was validated using both top-down and bottom-up approaches.
Market Definition
Time-Sensitive Networking (TSN) is a set of IEEE 802.1 standards that aim to bring determinism to standard Ethernet networks, which were originally designed for best-effort communication. TSN provides time synchronization, low-latency communication, and Quality of Service (QoS) for real-time industrial applications such as factory automation, automotive systems, and avionics. With TSN, both periodic and aperiodic data can be transmitted over the same network, enabling a wide range of applications to coexist on a single Ethernet infrastructure. TSN is becoming increasingly popular in industrial communication systems, as it offers a cost-effective, standardized, and flexible solution that can enhance system performance, reliability, and safety.
Key Stakeholders
- Providers of components and materials for time-sensitive networking products
- Distributors, suppliers, and service providers for time-sensitive networking products
- Technology standards organizations, forums, alliances, and associations
- End users from the various sectors- industrial automation, automotive, and energy and power
- Research organizations
- Analysts and strategic business planners
- Venture capitalists, private equity firms, and start-up companies
Report Objectives
- To define, describe, and forecast the time-sensitive networking market based on type, component, end user, and region
- To forecast the shipment data of time-sensitive networking market based on component
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a value chain analysis of the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
- To analyze the impact of the recession on the time-sensitive networking market
Available customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the time-sensitive networking market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the time-sensitive networking market.
Generating Response ...
Growth opportunities and latent adjacency in Time-Sensitive Networking Market
Does the report include information and data for distributed control systems, edge cloud, fog, industrial virtualization, smart factories, industry 4.0?
The volume predicted seems to be very low compared to the total volume of the industrial Ethernet market. I wonder why 'Siemens' was not covered under the key target companies segment?
Interested in knowing TSN market size in US, Germany, UK, and Japan by application field: e.g. Power & Energy, Automotive, Transportation & Mobility, Healthcare, Oil & Gas, Others. Is it covered in the report?
The volume predicted seems to be very low compared to the total volume of the industrial Ethernet market. I wonder why.