Press Release

Time Sensitive Networking Market to Grow at Impressive Rate through 2028

Growing in adoption of Industrial automation in the industries and increase in need for real- time networking for various applications is expected to drive the market of the global time sensitive networking market in the forecast period of 2024-2028.


According to TechSci Research report, Time Sensitive Networking Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028, the global time sensitive networking market is anticipated to register a robust growth during the forecast period, 2024-2028. Global Time Sensitive Networking Market is rising owing to growing adoption of industrial automation in most of the manufacturing and automobile industries.
Real time communication with the help of time sensitive networking has opened the path to integrating with varied applications in reshaping vehicle communication. Technologically advanced sensors are increasingly being deployed in autonomous vehicles to receive real-time feedback on the driving experience and ensure passenger and vehicle safety. Additionally, the rising need for motion control systems in industrial automation that requires interconnected devices will also help create revenue generation opportunities for the time sensitive networking market. Moreover, the benefits of time sensitive networking solutions such as, real-time control support and synchronization of high-performance machines over a Ethernet network, and the rising demand for deterministic ethernet and the development of different industrial ethernet protocols are fueling the market expansion.


Furthermore, adopting the most recent technological developments in industrial setting to enhance business operations, is the main goal of digital industrial platforms. Any industrial firm embarking digital transformation must possess knowledge and proficiency in discipline including communication protocols, advance driver assistance systems, data processing, and Ethernet,. The demand from industries for the adoption of advanced Ethernet switches from an end-user better technology advancement from suppliers, drive market growth, is being met by a modern, digital-native technical workforce that is more skilled in these fields.


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Global Time Sensitive Networking Market"


The time sensitive networking market is segmented based on component type, application, and region. By component type, market is bifurcated into switches, hubs, routers & gateways, controller & processors, isolators & converters, connectors, communication interface, and others. The application type segment is further categorized into industrial automation, power & energy, automotive, transportation, oil & gas, aerospace, and others.


Based on component type, the switches segment holds the largest share in the market due to the wide usage of ethernet switches in the industrial applications, factory automation, rail, and intelligent transportation systems (ITSs), marine, and oil & gas industries. Moreover, the ability to connect multiple devices and networks to communicate within the local area network (LAN) are allowing enterprises to adapt the time sensitive networking-based switches. The advanced switches support time synchronization and path control reservation which enable deterministic real-time networking over standard ethernet for a variety of applications. These benefits of the advance ethernet switches are allowing end-users to rely on leading to growth in the switches segment.


Based on application type, manufacturing holds the largest share in the time sensitive networking market due to increasing adoption of automation technology such as, industry 4.0, industrial IoT which are enabling flexible manufacturing with deterministic networks within their production facilities. The time sensitive network applications are increasingly being employed as a machine-to-machine communication mechanism. The benefits of Bandwidth reservation and Quality of Services (QoS) Mechanisms even in real time and minus proprietary extensions with connectivity technology interconnection between standard complaint industrial devices from any user are enabling the enormous growth in the manufacturing sector.


Key market players in the
time sensitive networking market:

  • Cisco Systems Inc.
  • N.X.P Semiconductors N.V.
  • Marvell Technology Group Ltd.
  • Microsemi Corporation
  • Intel Corporation
  • Xilinx, Inc.
  • National Instruments Corporation
  • Analog Devices, Inc
  • Belden Inc.
  • Broadcom Limited


Recent Developments:


On Oct.11.2022: Analog Devices, Inc. (ADI) had announced the launch of multiprotocol industrial Ethernet switch platform (ADIN2299) to address the needs of industrial and process automation, motion control, transportation, and energy automation.
The platform is significantly designed to operate in a star, line, and ring tropology with an aim to reduce the system integration time while providing fast time to market.


On May.03.2022: N.X.P Semiconductors N.V. announced the launch of MX RT 1180 crossover MCU, an integrated Gb time sensitive networking (TSN) switch that enables multi-protocol industrial IoT communications supporting both real-time Ethernet and
bridging the gap between existing industrial systems and Industry 4.0 systems.


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“North America holds the largest market share in Global Time Sensitive Networking Market. The dominance is attributed to the presence of leading global firms, high discretionary incomes, growing adoption of robotics technologies in the automobile industry by the majorly contributing economies like Canada and United States. Moreover, due to the early embrace of emerging technology in the region, North American businesses
are keen to incorporate Industrial IoT technology into their operations. For Instance, according to the Association for Advancing Automation, North America records the highest sale of robotic with 12,305 robots sold in Q2 2022 with 25% more as compared to the same period in 2021. Such developments and growing adoption of time sensitive networking solutions in industrial automation are anticipated to fuel market expansion in North America.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


“Global Time Sensitive Networking Market
Segmented By Component Type (Switches, Hubs, Routers & Gateways, Controller & Processors, Isolators & Converters, Connectors, Communication Interfaces and Others), By Application (Industrial Automation, Power & Energy, Automotive, Transportation, Oil & Gas, Aerospace and Others), By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa), Competition, Forecast & Opportunities, 2028” has evaluated the future growth potential of Global Time Sensitive Networking Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in time sensitive networking market.


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