Time-sensitive Networking (TSN) Market Size & Share, by Type (IEEE 802.1 AS, IEEE 802.1 Qbv, IEEE 802.1 CB); Component (Switches, Hubs, Routers & Gateways, Connectors, Power Supply Devices); End User (Power & Energy, Automotive, Transportation, Oil & Gas, Telecom & Data Centers, Pharmaceutical, Aerospace) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Analysis 2024-2036

  • Report ID: 5762
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Time-sensitive Networking Market size is projected to cross USD 3 Billion by the end of 2036, growing at a CAGR of 59% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of time-sensitive networking was USD 1 Billion. This growth of the market is poised to be dominated by the growing automation of industries. For instance, over 32% of companies have at least one function that is automated in the world. Hence, with this, the need for real-time data is also growing which is why the demand for time-sensitive networking is expected to observe a surge.

Furthermore, government in different nations are initiating their efforts in research and development for the enhancement of time-sensitive networking. For instance, recently, an application case for robotics using time synchronization and time-aware shaping scheduling characteristics was presented by NIST and industry researchers in a wireless time-sensitive networking situation. Therefore, this factor is also projected to influence the demand for time-sensitive networking market. 


Time-sensitive Networking Market
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Time-sensitive Networking Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Adoption of Deterministic Ethernet - The time-sensitive networking market, or TSN, is mostly driven by the growing need for deterministic Ethernet for real-time applications. Industrial control applications can benefit from predictable and low-latency communication using the TSN set of IEEE standards. Data delivery that is consistent and dependable is made possible by deterministic Ethernet, and this is crucial for real-time applications including robotics, machine vision, and process control. Real-time communication is becoming more important than ever owing to the growing deployment of Industry 4.0 and the Industrial Internet of Things (IoT). Due to their lack of determinism, traditional Ethernet networks are unable to satisfy the demands of these applications, which leads to unpredictable packet loss and communication delays. Conversely, deterministic Ethernet offers essential assurances for instantaneous communication.
  • Rising Integration of 5G Technology   - There is an enormous opportunity for the time-sensitive networking business with the introduction of 5G technology. Many TSN applications, including real-time communication, industrial automation, and autonomous vehicles, depend on ultra-low latency, high dependability, and large bandwidth capacities, all of which 5G networks are intended to deliver. Gaining more flexibility and scalability for TSN networks is one of the main benefits of 5G technology. Physical connections are no longer necessary thanks to 5G, which makes it feasible to create extremely dependable and low-latency wireless connections between devices. TSN applications, including industrial automation and robotics, are currently more mobile and flexible as a result of this.
  • Surging Demand for Automotive  - The worldwide car sales grew from nearly 65 million vehicles in 2021 to approximately 66 million automobiles in 2022. Modern automobiles and other on-road and off-road vehicles including recycling cranes, construction vehicles, mining vehicles, and forest machinery are just a few examples of the many automotive systems that have benefited from enhanced functionality and features made possible by embedded software in recent years. The automotive software has drastically grown in size and complexity as a result of the growing demand for new software-based capabilities in these systems. Tight time constraints pertain to a large number of automotive embedded systems. For this reason, while developing these systems, programmers must not only control software complexity but also ensure time consistency. Due to this the adoption of time-sensitive networking in automotive is growing. 

Challenges

  • Lack of Standardization of Time-sensitive Networking - One of the main issues facing the time-sensitive networking (TSN) business is the absence of standardization. Time-sensitive applications may profit from deterministic communication capabilities offered by the TSN set of Ethernet standards. Nonetheless, consumers may experience confusion and interoperability problems due to the existence of multiple competing TSN protocols in the time-sensitive networking market. Various industry consortiums are currently developing multiple TSN standards. Although the functionality provided by all of these standards is meant to be identical, there are some minor variations in their implementation and capabilities.
  • High Complex Design of Time-sensitive Networking - Due to its complex network systems and unique technical requirements for reliable and timely data packet transmission, time-sensitive networking (TSN) poses a challenge to the industry. The complexity of designing, managing, and implementing TSN networks presents a major challenge. In order to guarantee successful deployment, a thorough understanding of TSN standards and protocols is required. This includes knowledge of topics like timing and synchronization, traffic shaping, stream reservation, fault tolerance, and redundancy. Furthermore, integrating several apps and devices with different configurations, capabilities, and vendor-specific protocols is part of the design process. As such, the intricacy of the process drives up expenses and time limits, making it especially challenging for smaller businesses and sectors to interact with TSN networks.
  • Growing Risk of Cyber Attack  

Time-sensitive Networking (TSN) Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

59%

Base Year Market Size (2023)

 USD 1 Billion

Forecast Year Market Size (2036)

 USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Time-sensitive Networking Segmentation

Type (IEEE 802.1 AS, IEEE 802.1 Qbv, IEEE 802.1 CB, IEEE 802.1 Qbu, IEEE 802.1 Qcc)

The IEEE 802.1 AS segment in the time-sensitive networking (TSN) market is expected to capture the highest revenue share of about 30% during the forecast period. IEEE 802.1AS, which was initially designed to facilitate plug-and-play video and audio applications, had just been enhanced. In actuality, IEEE 802.1AS is a significant standard change that preserves backward compatibility with the old standard while addressing 5G integration requirements. Furthermore, IEEE 802.1 AS standards prioritized enhanced reliability and cost savings, two factors critical to small-area network applications. Mechanisms are used by the IEEE 802.1AS protocol to confirm that every device connected to a network is following the protocol. For instance, an Ethernet switch is not included in the carrying time if it is discovered to not operate IEEE 802.1AS. For numerous local area network applications, reliable performance is crucial, and this is what this offer. Hence, the segment is expected to observe the significant growth in the market over the forecast period.

Component (Switches, Hubs, Routers & Gateways, Connectors, Power Supply Devices, Connectors & Processors)

The switched segment in the time-sensitive networking market is expected to gather the largest revenue share of about 30% in the coming years. In the Time-sensitive Networking (TSN) market, switches hold the biggest market share as a result of their vital function in network infrastructure, which includes connectivity and the facilitation of accurate and low-latency communication. Reliable and timely data transport is ensured by TSN switches, which are built to handle TSN characteristics including time synchronization and Quality of Service (QoS) guarantees. Switches have become the most popular component in the time-sensitive networking market owing to their scalability, versatility, and extensive availability from several suppliers. This has made them the go-to option for establishing TSN solutions. Moreover, owing to the rising number of data centers which is necessitating seamless transfer of data the segment is growing. By December 2023, there were projected to be about 10,977 data center locations worldwide.  

Our in-depth analysis of the global time-sensitive networking market includes the following segments:

          Type

  • IEEE 802.1 AS
  • IEEE 802.1 Qbv
  • IEEE 802.1 CB
  • IEEE 802.1 Qbu
  • IEEE 802.1 Qcc
  • Others

           Component

  • Switches
  • Hubs, Routers & Gateways
  • Connectors
  • Power Supply Devices
  • Connectors & Processors

           End User

  • Power & Energy
  • Automotive
  • Transportation
  • Oil & Gas
  • Telecom & Data Centers
  • Pharmaceutical
  • Aerospace

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Time-sensitive Networking Industry - Regional Synopsis

North American Market Forecast

The North America time-sensitive networking market is projected to hold 35% of the revenue share by the forecast period. This growth of the time-sensitive networking market in this region is set to be influenced by a surge in several investments made by market players for the adoption of time-sensitive networking. Furthermore, this region also has a huge demand for IIOT in industrial applications. Additionally, the government in this region is also investing significantly in smart factory automation which is also dominating the demand for time-sensitive networking. 

European Market Analysis

The time-sensitive networking market in Europe is also estimated to have significant growth during the forecast period. This is region is having notable presence of manufacturing units is this region. Also, the development of autonomous vehicles is also surging is this region which is also encouraging the time-sensitive networking market expansion in this region.    

Research Nester
Time-sensitive Networking Market Size
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Top Featured Companies Dominating the Time-sensitive Networking Landscape

top-features-companies
    • Moxa Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Real-Time Innovations
    • Exoscale
    • Equinix, Inc.
    • Virtu Financial Inc.
    • Rockwell Automation
    • ABB
    • Ericsson
    • Nokia
    • Cisco Systems, Inc. 

In-the-news

In The News

  • May 30, 2023: Leading provider of industrial communications and networking, Moxa Inc., announced that it has become a promoter member of Avnu Alliance, the industry forum advancing the interoperability of the time-sensitive networking (TSN) ecosystem by bringing deterministic capabilities into open, standards-based networking. With a focus on developing a really unified and high-performance network architecture that allows all forms of traffic to coexist for real-time communication, low latency, and high reliability requirements across a variety of applications, Moxa's joining offers great promise.
     
  • January 5, 2021: NXP Semiconductors, a pioneer in automotive semiconductors, and Real-Time Innovations (RTI), the largest developer of software frameworks for smart machines and real-world systems, announced their collaboration. With a flexible, modular, and scalable platform, RTI Connext Drive can now operate natively on NXP's automotive-grade S32G vehicle network processors, enabling zonal electrical/electronic (E/E) architecture.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5762
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing adoption of determinist ethernet, rising integration of 5G technology, and surging demand for automotive.

The market size of time-sensitive networking is anticipated to attain a CAGR of 59% over the forecast period, i.e., 2024-2036.

The major players in the market are Moxa Inc., Real-Time Innovations, Exoscale, Equinix, Inc., and others.

The switches segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Time-sensitive Networking Market Report Scope
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