Time-Sensitive Networking Market
Growth Factors of Time-Sensitive Networking Market
The time-sensitive networking market size was valued at USD 369.2 million in 2023, and the market is now projected to grow from USD 453.88 million in 2024 to USD 3517.71 million by 2032, exhibiting a CAGR of 29.2% during the forecast period of 2024-2032.
This has been a positive for the time-sensitive networking market since the COVID-19 pandemic has forced the adoption of 5G network services thereby driving the demand for time-sensitive networking equipment in IoT-connected applications. It has also toward the growth of this market because industries start to use more complex and integrated technologies. The need for reliable and synchronized network solutions has become more prominent, further fueling the expansion of the TSN sector.
The 5G has shifted reliance on time-sensitive networking equipment to enhance ultra-reliable low latency communication that helps real-time applications such as self-driving cars, telemedicine, Industrial IoT, and smart grids. The mobility of actualizers, actuator’s, and sensors for industrial automation uses increases the demand and requirement for efficient, low delay networks. Besides, the increasing Ethernet deployment in automotive and transportation sector due to the progression of ADAS, autonomous driving and infotainment are other drivers contributing to the market of time-sensitive networking.
Time-sensitive networking is beneficial for the transformation and protection of the transport network, power supply systems and hospitals and other vital buildings where it provides opportunities for bespoke solutions. The specific industry time-sensitive networking solutions like Energy, Health care, and Mobility industries bring specific industry needs and requirements which become new revenue models. The use of time-sensitive networking in multiple IoT applications and users’ needs is estimated to create a high growth trend of the global time-sensitive networking market over the forecast period.
Comprehensive Analysis of Time-Sensitive Networking Market
The time-sensitive networking market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly offers a detailed nearby assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by component analysis, and by end-user industry analysis. By component analysis include hardware and solution & services. By end-user industry analysis include healthcare, manufacturing, agriculture, government/defense, transportation, IT & telecom, and others.
The Asia Pacific region lead the time-sensitive networking market share by benefitting a market size of USD 130.1 billion in 2023 due to advanced industrial infrastructure.
The top players in the markets have a central responsibility in the semiconductor & electronics industry to be sure of industrial prospectus development and to establish the market norms. These players include, PROFIBUS Nutzerorganisation e.V., Cisco Systems Inc., Texas Instruments Incorporated, NATIONAL INSTRUMENTS CORP., Advantech Co., Ltd., HMS Networks, Belden Inc., TTTech Group, Mitsubishi Electric, Spirent Communications, Mouser Electronics, Microchip Technology these market players provide a level-playing competitive landscape.
In December 2023, Tech Group launched the world's first time-sensitive network configuration software, streamlining installation and configuration by eliminating vendor dependency and enabling easy model topologies, deployments, and scheduling for time-sensitive networking networks.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 29.2% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Component
- Hardware
- Solution & Services
- By Platform
IEEE 802.1Qbv
IEEE 802.1Qcc
By End-User Industry
- Healthcare
- Manufacturing
- Agriculture
- Government/Defense
- Transportation
- IT & Telecom
- Others
By Region
- North America (By Component, End-User Industry, and Country)
- U.S. (By End-User Industry)
- Canada (By End-User Industry)
- Mexico (By End-User Industry)
- Brazil (By End-User Industry)
- Argentina (By End-User Industry)
- Rest of South America
- U.K. (By End-User Industry)
- Germany (By End-User Industry)
- France (By End-User Industry)
- Italy (By End-User Industry)
- Spain (By End-User Industry)
- Russia (By End-User Industry)
- Rest of Europe
- Turkey (By End-User Industry)
- Israel (By End-User Industry)
- GCC (By End-User Industry)
- South Africa (By End-User Industry)
- Rest of the Middle East & Africa
- China (By End-User Industry)
- India (By End-User Industry)
- Japan (By End-User Industry)
- South Korea (By End-User Industry)
- ASEAN (By End-User Industry)
- Oceania (By End-User Industry)
- Rest of Asia Pacific
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of Generative AI
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Time-Sensitive Networking Key Players Market Share/Ranking, 2023
- 5. Global Time-Sensitive Networking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Hardware
- 5.2.2. Solution & Services
- 5.2.2.1. By Platform
- 5.2.2.1.1. IEEE 802.1AS/IEEE 1588
- 5.2.2.1.2. IEEE 802.1Qbv
- 5.2.2.1.3. IEEE 802.1Qcc
- 5.3. By End User Industry (USD)
- 5.3.1. Healthcare
- 5.3.2. Manufacturing
- 5.3.3. Agriculture
- 5.3.4. Government / Defense
- 5.3.5. Transportation
- 5.3.6. IT & Telecom
- 5.3.7. Others
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. South America
- 6. North America Time-Sensitive Networking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Hardware
- 6.2.2. Solution & Services
- 6.2.2.1. By Platform
- 6.2.2.1.1. IEEE 802.1AS/IEEE 1588
- 6.2.2.1.2. IEEE 802.1Qbv
- 6.2.2.1.3. IEEE 802.1Qcc
- 6.3. By End User Industry (USD)
- 6.3.1. Healthcare
- 6.3.2. Manufacturing
- 6.3.3. Agriculture
- 6.3.4. Government / Defense
- 6.3.5. Transportation
- 6.3.6. IT & Telecom
- 6.3.7. Others
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By End User Industry
- 6.4.1.1.1. Healthcare
- 6.4.1.1.2. Manufacturing
- 6.4.1.1.3. Agriculture
- 6.4.1.1.4. Government / Defense
- 6.4.1.1.5. Transportation
- 6.4.1.1.6. IT & Telecom
- 6.4.1.1.7. Others
- 6.4.2. Canada
- 6.4.2.1. By End User Industry
- 6.4.2.1.1. Healthcare
- 6.4.2.1.2. Manufacturing
- 6.4.2.1.3. Agriculture
- 6.4.2.1.4. Government / Defense
- 6.4.2.1.5. Transportation
- 6.4.2.1.6. IT & Telecom
- 6.4.2.1.7. Others
- 6.4.3. Mexico
- 6.4.3.1. By End User Industry
- 6.4.3.1.1. Healthcare
- 6.4.3.1.2. Manufacturing
- 6.4.3.1.3. Agriculture
- 6.4.3.1.4. Government / Defense
- 6.4.3.1.5. Transportation
- 6.4.3.1.6. IT & Telecom
- 6.4.3.1.7. Others
- 7. South America Time-Sensitive Networking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Hardware
- 7.2.2. Solution & Services
- 7.2.2.1. By Platform
- 7.2.2.1.1. IEEE 802.1AS/IEEE 1588
- 7.2.2.1.2. IEEE 802.1Qbv
- 7.2.2.1.3. IEEE 802.1Qcc
- 7.3. By End User Industry (USD)
- 7.3.1. Healthcare
- 7.3.2. Manufacturing
- 7.3.3. Agriculture
- 7.3.4. Government / Defense
- 7.3.5. Transportation
- 7.3.6. IT & Telecom
- 7.3.7. Others
- 7.4. By Country (USD)
- 7.4.1. Brazil
- 7.4.1.1. By End User Industry
- 7.4.1.1.1. Healthcare
- 7.4.1.1.2. Manufacturing
- 7.4.1.1.3. Agriculture
- 7.4.1.1.4. Government / Defense
- 7.4.1.1.5. Transportation
- 7.4.1.1.6. IT & Telecom
- 7.4.1.1.7. Others
- 7.4.2. Argentina
- 7.4.2.1. By End User Industry
- 7.4.2.1.1. Healthcare
- 7.4.2.1.2. Manufacturing
- 7.4.2.1.3. Agriculture
- 7.4.2.1.4. Government / Defense
- 7.4.2.1.5. Transportation
- 7.4.2.1.6. IT & Telecom
- 7.4.2.1.7. Others
- 7.4.3. Rest of South America
- 8. Europe Time-Sensitive Networking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Hardware
- 8.2.2. Solution & Services
- 8.2.2.1. By Platform
- 8.2.2.1.1. IEEE 802.1AS/IEEE 1588
- 8.2.2.1.2. IEEE 802.1Qbv
- 8.2.2.1.3. IEEE 802.1Qcc
- 8.3. By End User Industry (USD)
- 8.3.1. Healthcare
- 8.3.2. Manufacturing
- 8.3.3. Agriculture
- 8.3.4. Government / Defense
- 8.3.5. Transportation
- 8.3.6. IT & Telecom
- 8.3.7. Others
- 8.4. By Country (USD)
- 8.4.1. United Kingdom
- 8.4.1.1. By End User Industry
- 8.4.1.1.1. Healthcare
- 8.4.1.1.2. Manufacturing
- 8.4.1.1.3. Agriculture
- 8.4.1.1.4. Government / Defense
- 8.4.1.1.5. Transportation
- 8.4.1.1.6. IT & Telecom
- 8.4.1.1.7. Others
- 8.4.2. Germany
- 8.4.2.1. By End User Industry
- 8.4.2.1.1. Healthcare
- 8.4.2.1.2. Manufacturing
- 8.4.2.1.3. Agriculture
- 8.4.2.1.4. Government / Defense
- 8.4.2.1.5. Transportation
- 8.4.2.1.6. IT & Telecom
- 8.4.2.1.7. Others
- 8.4.3. France
- 8.4.3.1. By End User Industry
- 8.4.3.1.1. Healthcare
- 8.4.3.1.2. Manufacturing
- 8.4.3.1.3. Agriculture
- 8.4.3.1.4. Government / Defense
- 8.4.3.1.5. Transportation
- 8.4.3.1.6. IT & Telecom
- 8.4.3.1.7. Others
- 8.4.4. Italy
- 8.4.4.1. By End User Industry
- 8.4.4.1.1. Healthcare
- 8.4.4.1.2. Manufacturing
- 8.4.4.1.3. Agriculture
- 8.4.4.1.4. Government / Defense
- 8.4.4.1.5. Transportation
- 8.4.4.1.6. IT & Telecom
- 8.4.4.1.7. Others
- 8.4.5. Spain
- 8.4.5.1. By End User Industry
- 8.4.5.1.1. Healthcare
- 8.4.5.1.2. Manufacturing
- 8.4.5.1.3. Agriculture
- 8.4.5.1.4. Government / Defense
- 8.4.5.1.5. Transportation
- 8.4.5.1.6. IT & Telecom
- 8.4.5.1.7. Others
- 8.4.6. Russia
- 8.4.6.1. By End User Industry
- 8.4.6.1.1. Healthcare
- 8.4.6.1.2. Manufacturing
- 8.4.6.1.3. Agriculture
- 8.4.6.1.4. Government / Defense
- 8.4.6.1.5. Transportation
- 8.4.6.1.6. IT & Telecom
- 8.4.6.1.7. Others
- 8.4.7. Rest of Europe
- 9. Middle East & Africa Time-Sensitive Networking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Hardware
- 9.2.2. Solution & Services
- 9.2.2.1. By Platform
- 9.2.2.1.1. IEEE 802.1AS/IEEE 1588
- 9.2.2.1.2. IEEE 802.1Qbv
- 9.2.2.1.3. IEEE 802.1Qcc
- 9.3. By End User Industry (USD)
- 9.3.1. Healthcare
- 9.3.2. Manufacturing
- 9.3.3. Agriculture
- 9.3.4. Government / Defense
- 9.3.5. Transportation
- 9.3.6. IT & Telecom
- 9.3.7. Others
- 9.4. By Country (USD)
- 9.4.1. Turkey
- 9.4.1.1. By End User Industry
- 9.4.1.1.1. Healthcare
- 9.4.1.1.2. Manufacturing
- 9.4.1.1.3. Agriculture
- 9.4.1.1.4. Government / Defense
- 9.4.1.1.5. Transportation
- 9.4.1.1.6. IT & Telecom
- 9.4.1.1.7. Others
- 9.4.2. Israel
- 9.4.2.1. By End User Industry
- 9.4.2.1.1. Healthcare
- 9.4.2.1.2. Manufacturing
- 9.4.2.1.3. Agriculture
- 9.4.2.1.4. Government / Defense
- 9.4.2.1.5. Transportation
- 9.4.2.1.6. IT & Telecom
- 9.4.2.1.7. Others
- 9.4.3. GCC
- 9.4.3.1. By End User Industry
- 9.4.3.1.1. Healthcare
- 9.4.3.1.2. Manufacturing
- 9.4.3.1.3. Agriculture
- 9.4.3.1.4. Government / Defense
- 9.4.3.1.5. Transportation
- 9.4.3.1.6. IT & Telecom
- 9.4.3.1.7. Others
- 9.4.4. South Africa
- 9.4.4.1. By End User Industry
- 9.4.4.1.1. Healthcare
- 9.4.4.1.2. Manufacturing
- 9.4.4.1.3. Agriculture
- 9.4.4.1.4. Government / Defense
- 9.4.4.1.5. Transportation
- 9.4.4.1.6. IT & Telecom
- 9.4.4.1.7. Others
- 9.4.5. Rest of MEA
- 10. Asia Pacific Time-Sensitive Networking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Hardware
- 10.2.2. Solution & Services
- 10.2.2.1. By Platform
- 10.2.2.1.1. IEEE 802.1AS/IEEE 1588
- 10.2.2.1.2. IEEE 802.1Qbv
- 10.2.2.1.3. IEEE 802.1Qcc
- 10.3. By End User Industry (USD)
- 10.3.1. Healthcare
- 10.3.2. Manufacturing
- 10.3.3. Agriculture
- 10.3.4. Government / Defense
- 10.3.5. Transportation
- 10.3.6. IT & Telecom
- 10.3.7. Others
- 10.4. By Country (USD)
- 10.4.1. China
- 10.4.1.1. By End User Industry
- 10.4.1.1.1. Healthcare
- 10.4.1.1.2. Manufacturing
- 10.4.1.1.3. Agriculture
- 10.4.1.1.4. Government / Defense
- 10.4.1.1.5. Transportation
- 10.4.1.1.6. IT & Telecom
- 10.4.1.1.7. Others
- 10.4.2. India
- 10.4.2.1. By End User Industry
- 10.4.2.1.1. Healthcare
- 10.4.2.1.2. Manufacturing
- 10.4.2.1.3. Agriculture
- 10.4.2.1.4. Government / Defense
- 10.4.2.1.5. Transportation
- 10.4.2.1.6. IT & Telecom
- 10.4.2.1.7. Others
- 10.4.3. Japan
- 10.4.3.1. By End User Industry
- 10.4.3.1.1. Healthcare
- 10.4.3.1.2. Manufacturing
- 10.4.3.1.3. Agriculture
- 10.4.3.1.4. Government / Defense
- 10.4.3.1.5. Transportation
- 10.4.3.1.6. IT & Telecom
- 10.4.3.1.7. Others
- 10.4.4. South Korea
- 10.4.4.1. By End User Industry
- 10.4.4.1.1. Healthcare
- 10.4.4.1.2. Manufacturing
- 10.4.4.1.3. Agriculture
- 10.4.4.1.4. Government / Defense
- 10.4.4.1.5. Transportation
- 10.4.4.1.6. IT & Telecom
- 10.4.4.1.7. Others
- 10.4.5. ASEAN
- 10.4.5.1. By End User Industry
- 10.4.5.1.1. Healthcare
- 10.4.5.1.2. Manufacturing
- 10.4.5.1.3. Agriculture
- 10.4.5.1.4. Government / Defense
- 10.4.5.1.5. Transportation
- 10.4.5.1.6. IT & Telecom
- 10.4.5.1.7. Others
- 10.4.6. Oceania
- 10.4.6.1. By End User Industry
- 10.4.6.1.1. Healthcare
- 10.4.6.1.2. Manufacturing
- 10.4.6.1.3. Agriculture
- 10.4.6.1.4. Government / Defense
- 10.4.6.1.5. Transportation
- 10.4.6.1.6. IT & Telecom
- 10.4.6.1.7. Others
- 10.4.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. PROFIBUS Nutzerorganisation e.V.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Cisco Systems Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Texas Instruments Incorporated
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. NATIONAL INSTRUMENTS CORP
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Advantech Co., Ltd.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. HMS Networks
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Belden Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. TTTech Group
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Mitsubishi Electric
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Microchip Technology
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook