Time-Sensitive Networking Market 2024-2028 Size and Trends

The time-sensitive networking (TSN) market is projected to grow significantly, with an estimated increase of USD 2.84 billion at a compound annual growth rate (CAGR) of 51.3% between 2023 and 2028. This growth is driven by the rising demand for reliable, real-time data delivery across several sectors, including in-vehicle infotainment systems and automotive applications. Timing precision and compatibility are key for seamless communication in these industries, and companies are launching advanced solutions that address these needs, focusing on machine performance and data communication. While TSN plays a vital role in industries such as industrial automation, smart manufacturing, and connected vehicles, security concerns persist, posing a challenge to its widespread adoption. Nevertheless, the growing demand for reliable, low-latency data transfer in sectors like manufacturing, smart transportation, and energy is expected to drive continued market expansion.

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Market Segmentation

The market research report provides detailed insights, including forecasts for the period 2024-2028, along with historical data from 2018-2022, for the following segments:

By Component Insights:

• Hardware
  The hardware segment is expected to witness significant growth during the forecast period. Specialized hardware such as advanced Ethernet switches and routers are essential for implementing TSN, especially in industries like automotive, energy, and transportation.

  The hardware segment accounted for the largest share, valued at USD 51.40 million in 2018. Innovations in TSN-enabled hardware, such as Fiberroad's TSN Industrial Ethernet Switch launched in November 2023, are driving growth in this segment by improving productivity and ensuring reliable networks for time-critical applications.

• Software
  The software segment also contributes to market growth by providing the necessary software solutions for managing and optimizing TSN-based communication systems.

• Services
  This segment includes services aimed at integrating, supporting, and managing TSN-enabled networks for various industries.

By End-user Insights:

• Industrial Automation
  The growing demand for real-time communication in industrial automation applications, including robotics and process control, drives adoption in this sector.

• Automotive
  TSN plays a crucial role in in-vehicle infotainment systems, optimizing automotive applications by ensuring real-time communication and data transfer.

• Digital Communication
  As digital communication systems become more sophisticated, TSN is critical for ensuring low-latency communication in these applications.

• Power and Energy
  TSN is essential in optimizing the power and energy sector by enabling precise control and monitoring for real-time operations.

• Others
  Other sectors utilizing TSN include healthcare and aerospace, where dependable, low-latency communication is critical.

By Regional Market:

North America

• Canada
• US

North America is expected to contribute 39% to the global market growth between 2023 and 2028. The region's advanced technological infrastructure, substantial investments in R&D, and the growing demand for TSN in sectors such as automotive, aerospace, defense, and industrial automation are fueling its dominance in TSN adoption. The increasing focus on real-time communication and operational efficiency is making TSN essential in various industries in North America.

Europe

• Germany

APAC

• China

Middle East and Africa

South America

Market Dynamics

Drivers

• Rapid Digitization
  The increasing digitalization of industries is driving the market's growth. Automation and digitization across various sectors are pushing the demand for dependable, low-latency communication solutions like TSN. Its flexibility in integrating different devices and systems enhances its appeal, especially in process control, machine vision, and robotics.

Trends

• New Product Launches
  Companies are launching new products to cater to the growing need for high-precision data delivery, especially in the automotive sector and machinery performance optimization. For instance, advancements in High-availability Seamless Redundancy (HSR) and Parallel Redundancy Protocol (PRP) ensure zero-loss redundancy and parallel or series operation of RedBox instances, highlighting the industry's focus on providing solutions for evolving business needs.

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Challenges

• Security Concerns
  The growing adoption of TSN raises significant cybersecurity concerns, particularly in critical network infrastructure. The integration of TSN in sectors such as manufacturing, automotive, and healthcare makes these systems vulnerable to cyber threats. To mitigate these risks, industry consortiums like the IEEE 802.1 TSN Task Group are working to address interoperability and security issues in TSN networks. The increased reliance on wireless connections also presents additional security challenges, which need to be addressed to ensure safe deployment of TSN solutions.

Key Players

• Analog Devices Inc
• Beckhoff Automation
• Belden Inc.
• Broadcom Inc.
• Cisco Systems Inc.
• Fiberroad Technology Co Ltd.
• Fujitsu Ltd.
• HMS Networks AB
• Huawei Technologies Co. Ltd.
• Intel Corp.
• Marvell Technology Inc.
• Microchip Technology Inc.
• Mitsubishi Electric Corp.
• Moxa Inc.
• NXP Semiconductors NV
• PLANET Technology Corp.
• Qualcomm Inc.
• Renesas Electronics Corp.
• Rockwell Automation Inc.
• Siemens AG
• Spirent Communications Plc
• Texas Instruments Inc.

Future Market Insights

The time-sensitive networking market is poised for substantial growth due to the increasing demand for ultra-low latency, high dependability, and precise timing in applications across various industries. As 5G technology continues to evolve, the need for scalable and flexible network infrastructures to support high bandwidth and real-time communication will further drive market expansion. TSN networks are becoming indispensable in sectors such as machine vision, robotics, avionics, automotive, and Industry 4.0 applications like smart factories and autonomous vehicles, ensuring reduced packet loss and improved system efficiency. Interoperability and security enhancements will continue to shape the future of the TSN market, fostering broader adoption across industries.