Time-Sensitive Networking Market Size, Share and Growth Analysis

Updated on : October 22, 2024

Time-Sensitive Networking Market Size & Growth

Global time-sensitive networking market size was valued at USD 0.2 billion in 2023 and is estimated to reach USD 1.7 billion by 2028, growing at a CAGR of 58.3% during the forecast period from 2023 to 2028.

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 market.

Attractive Opportunities in the Time-Sensitive Networking Market Size

Time-Sensitive Networking Market Forecast to 2028

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Time-Sensitive Networking Market Trends:

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 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 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 time sensitive networking 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.

Time-Sensitive Networking Market Segmentation

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 time sensitive networking 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 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 time sensitive networking  market.

Time-Sensitive Networking Industry Regional Analysis

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 time sensitive networking market in the Asia Pacific region.

Time-Sensitive Networking Market by Region

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Top Time-Sensitive Networking Companies - 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).

Time-Sensitive Networking Market Report Scope

Time-Sensitive Networking Market Highlights

This research report categorizes the time-sensitive networking market share based on type, compoenent, and end user, and region

Recent Developments in Time-Sensitive Networking Industry

• 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) on Time-Sensitive Networking Market:

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