Time-sensitive Networking Market size was over USD 418.69 million in 2024 and is anticipated to cross USD 32.01 billion by 2037, witnessing more than 39.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of time-sensitive networking is estimated at USD 551.33 million.
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.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
39.6% |
Base Year Market Size (2024) |
USD 418.69 million |
Forecast Year Market Size (2037) |
USD 32.01 billion |
Regional Scope |
|
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 |
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Component |
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End User |
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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.
Author Credits: Abhishek Verma
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