Time-Sensitive Networking (TSN) Market Report 2024

This Time-Sensitive Networking (TSN) market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The time-sensitive networking (TSN) market size has grown exponentially in recent years. It will grow from $0.51 billion in 2023 to $0.65 billion in 2024 at a compound annual growth rate (CAGR) of 26.1%. The growth during the historical period can be attributed to several factors, including rising data traffic, enhanced computational power, the need for advanced network infrastructure, a growing demand for sophisticated connectivity and real-time communication in vehicles, and the requirements of industrial automation.

The time-sensitive networking (TSN) market size is expected to see exponential growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 26.3%. The anticipated growth during the forecast period can be linked to the increasing demand for Industry 4.0, a rising need for the industrial Internet of Things, the necessity for deterministic communication, and heightened demand in the automotive and aerospace sectors. Key trends expected during this period include the development of innovative hardware and software components, advanced switches and controllers, sophisticated sensors, cutting-edge networking technologies, and ongoing technological innovations.

The increasing demand for the industrial internet of things (IIoT) is projected to significantly drive the growth of the time-sensitive networking (TSN) market. The IIoT involves the integration of connected devices, sensors, and machinery with industrial systems and processes, facilitating real-time data collection, monitoring, and control across sectors such as manufacturing, energy, and transportation. This rising demand for IIoT stems from industries aiming to improve operational efficiency, minimize downtime through predictive maintenance, enhance safety, and obtain real-time insights into their production processes. TSN is vital to IIoT as it allows real-time communication among devices within industrial networks, ensuring that time-critical data is transmitted reliably and predictably. This capability is essential for industrial automation, robotics, and smart manufacturing systems. For example, a report by IOT Analytics in June 2024 indicated that mobile operators worldwide generated $15 billion from 3.56 billion cellular IoT connections, with 5G and 5G RedCap expected to drive an 18% compound annual growth rate (CAGR) in the global cellular IoT market from 2024 to 2030. Thus, the growing IIoT demand is propelling the expansion of the TSN market.

Key players in the TSN market are concentrating on developing innovative products, including advanced switching solutions, to address the increasing need for dependable, real-time communication in industrial applications. These switching solutions are network switches specifically designed to manage and route time-sensitive data streams over Ethernet networks while ensuring deterministic and real-time communication. They prioritize time-sensitive traffic, which helps reduce delays and fluctuations in data transmission times, enabling high-performance, real-time operations. For instance, in January 2022, Microchip Technology Incorporated, a U.S.-based semiconductor company, introduced the LAN9668, a family of TSN Ethernet switches that facilitate a unified network architecture for industrial automation applications. This integrated solution allows for lower latency in data traffic flows and improved clock accuracy, making it a robust option for contemporary industrial automation requirements. The LAN9668 family supports converged network architectures, enabling developers to enhance product performance within existing networks and to enter new markets.

In October 2023, Emerson Electric Co., a U.S.-based technology, software, and engineering firm, acquired National Instruments Corporation for $8.2 billion. Through this acquisition, Emerson Electric Co. aims to strengthen its position as a global leader in automation and leverage key trends such as nearshoring, digital transformation, and sustainability. National Instruments Corporation is a U.S.-based company that specializes in time-sensitive networking (TSN).

Major companies operating in the time-sensitive networking (TSN) market are Mitsubishi Electric Corporation, Siemens AG, Intel Corporation, Cisco Systems Inc., Broadcom Limited, Nokia Corporation Inc., Texas Instruments Inc., Emerson Electric Co., NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Mouser Electronics Inc., Belden Inc., Advantech Co. Ltd., Microsemi Corporation, Spirent Communications PLC, TTTech Computertechnik AG, HMS Networks AB.

North America was the largest region in the time-sensitive networking (TSN) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the time-sensitive networking (TSN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the time-sensitive networking (TSN) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Time-sensitive networking (TSN) comprises a collection of standards designed to improve Ethernet networks, enabling them to manage time-sensitive data with accuracy and low latency. Its goal is to deliver reliable and deterministic performance in network communications, which is essential for applications that demand high synchronization levels and minimal delays, such as industrial automation, automotive systems, and professional audio/video streaming.

The primary types of time-sensitive networking standards include IEEE 802.1AS, IEEE 802.1Qbv, IEEE 802.1CB, IEEE 802.1Qbu, IEEE 802.1QC, among others. IEEE 802.1Qbv introduces enhancements to Ethernet frames for time-sensitive traffic through time-aware scheduling. The various components involved encompass controllers and processors, power supply units, connectors, memory, switches, hubs, routers, and gateways. These components find applications across multiple sectors, including industrial automation, power and energy, automotive and transportation, oil and gas, aerospace, and more.

The time-sensitive networking (TSN) market research report is one of a series of new reports that provides time-sensitive networking (TSN) market statistics, including time-sensitive networking (TSN) industry global market size, regional shares, competitors with a time-sensitive networking (TSN) market share, detailed time-sensitive networking (TSN) market segments, market trends, and opportunities, and any further data you may need to thrive in the time-sensitive networking (TSN) industry. This time-sensitive networking (TSN) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The time-sensitive networking (TSN) market consists of revenues earned by entities by providing services such as time-sensitive networking training, integration services, and security services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The time-sensitive networking (TSN) market also includes sales of network interface cards, configuration tools, and evaluation kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.