Time-Sensitive Networking Market, Share & Forecast 2027 

Time-Sensitive Networking Market

· Electronics

Time-Sensitive Networking Market 2021

The Time-Sensitive Networking (TSN) Market is predicted to expand at a significant CAGR over the forecast period

The factors driving the growth of Time-Sensitive Networking Market includes increasing application of time sensitive networking solutions in the end-use industries such as Automotive, Transportation and Oil & Gas, growing demand for Ethernet for real-time applications and rising trend of digitalization. According to the report published by Statista, around 11.3 billion Internet of Things (IoT) connected devices were estimated in 2021 and this figure is predicted to reach 29.4 billion by the end of 2030, which will boost the Time-Sensitive Networking Market size in the approaching years. Moreover, growing adoption of technologically advanced sensors in autonomous vehicles, integration of 5G technology with time sensitive networking solutions for mobile network sharing and rise in the number of connected devices around the world, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes, rapid urbanization, improvements in the living standards and growing population growth rates, are further contributing to the market growth.

However, the growth of Time-Sensitive Networking Market is hindered because the TSN solutions are not cable of providing customized solutions.

Based on Components, the Switches segment held a remarkable market share in 2020 and is estimated to grow at a higher CAGR during the forecast period

Growing adoption of automated technologies in the manufacturing industries, is the major factor responsible for the segment’s growth.

Based on Application, the Industrial Automation segment is projected to hold the highest market share over the forecast period

Industrial automation improves the production processes, enhances flexibility, and helps businesses to accelerate their efficiency, are the major factors propelling the growth of the segment.

Based on Region, the North American region is anticipated to grow at a significant market share during the forecast period

Growing adoption of automated solutions and robotics technologies by major corporations in the United States, Government regulations promoting automation, rapid growth in the Automobile sector, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Market Segmentation

Time-Sensitive Networking Market by component

  • Switches
  • Hubs, Routers, and Gateways
  • Connectors
  • Communication Interfaces
  • Power Supply Devices
  • Controllers and Processors
  • Memory
  • Isolators and Convertors
  • Others

Time-Sensitive Networking Market by application

  • Industrial Automation
  • Energy and Power
  • Automotive
  • Transportation
  • Oil & Gas
  • Aerospace
  • Others

Time-Sensitive Networking Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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