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Time-Sensitive Networking Market Size, Share & Trends 2030

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With a compound annual growth rate (CAGR) of around 32.01% between 2023 and 2030, the global time-sensitive networking market estimated to be valued around USD 231.54 million in 2022, is expected to reach roughly USD 2135.48 million by 2030.

IEEE 802 Time-Sensitive Networking (TSN) standards pertain to this concept. It makes Ethernet deterministic by default. TSN is an Ethernet standard, not an Internet Protocol standard, and it is a Layer 2 technology. TSN is able to transport the payload of any industrial application in any kind of environment.

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Global Time-Sensitive Networking Market: Growth Factors

The market for time-sensitive networking is expanding rapidly on a global scale. The global market for time-sensitive networking is expanding as a result of factors such the increasing demand for real-time networking, the increase in automation in many industries, and the quick uptake of time-sensitive networking in various industries. For many industries, including manufacturing, transportation, aircraft, and many more, deterministic communication is essential. Time-sensitive networking enables new levels of optimization and connectivity, which lowers costs across a number of industries. TSN’s technology is centered on time, ensuring that information travels in a predictable and defined period of time from point A to point B. Furthermore, in increasingly converging networks, through the use of Industry 4.0, there is an increase in network traffic.

The network needs to be flexible and scalable in these situations in order to accommodate small devices and huge data server systems. Time-sensitive networking is becoming more widely used in a variety of industries since it satisfies all these needs. The global market is expanding as a result of this. Furthermore, deterministic communication’s growing demand and the industrial Internet of things’ increasing usage are some of the factors driving the market’s expansion. Over the course of the projected period, the worldwide time-sensitive networking market may rise as a result of technological advancements in the creation of ethernet protocols. Nonetheless, challenges associated with integrating TSN with current technologies might restrict its expansion.

The Covid-19 pandemic has affected the global time-sensitive networking market, just like it does many other industries. Over the course of the projected period, the Covid-19 pandemic’s effects on the market are anticipated to remain modest. Strict laws imposed by numerous governments worldwide to stop the spread of infection have had a significant negative impact on the manufacturing, transportation, and automotive industries. These regulations have ultimately limited the amount of labor that can be used in these sectors. Time-sensitive networking is becoming increasingly popular among businesses as a means of facilitating industrial automation and enabling them to operate with smaller workforces.

Global Time-Sensitive Networking Market: Segmentation

Based on component, application, and geographic factors, the global time-sensitive networking market is divided into segments. The global market for time-sensitive networking is divided into various segments based on the components used, including hubs, routers & gateways, memory, switches, power supply devices, connectors, controllers, and others. Aerospace, automotive & transportation, oil & gas, power & energy, industrial automation, and other sectors make up the application category.

Global Time-Sensitive Networking Market: Regional Analysis

Over the course of the forecast period, North America is expected to maintain its leadership position in the worldwide time-sensitive networking market, having the largest share among the other regions. The primary reasons driving the growth of the market in this region are the increasing adoption of advanced technologies, the growing demand for Industry 4.0 and the industrial Internet of Things, and the growing necessity of deterministic communication across numerous industries. The market participants’ substantial expenditures in the creation and introduction of sophisticated TSN, in addition, are fueling the industry’s expansion in this area. Europe is predicted to generate the second-highest revenue and contribute significantly to the market’s growth. The industrial sector’s fast automation and the existence of production facilities are two factors driving the market’s expansion in this area. Due to the increased requirement for real-time networking and TSN from the power & energy and transportation sectors, the market in the Asia Pacific region is also anticipated to contribute a sizeable portion.

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Global Time-Sensitive Networking Market: Competitive Players