Time Sensitive Networking Market to Observe Rugged Expansion at a Top CAGR by 2026
Current trends in the global time sensitive networking market are being driven by growing application in a wide range of high-revenue end-use verticals. TSN is basically an IEEE defined standard technology used to enable deterministic messaging via a standard Ethernet. Deterministic communication is a crucial component for numerous end-use sectors including automotive, transportation, aerospace, utilities, and manufacturing.
Its implementation enables new levels of automation, connectivity and optimization, resulting in substantial cost savings. TSN technology is set to take over standard Ethernet across myriad industry verticals in the near future, on account of its superiority in terms of latency. Highlighted below are some of the most important trends fueling the global time sensitive networking market trends over the next few years.
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Consistent demand for TSN hardware components
Time sensitive networking market components include solutions such as controllers, processors, switches, and other hardware components, and services including managed and professional services. The market share from other hardware segment is projected to record a robust 20% CAGR through 2026, driven by a strong demand for network interfaces. This demand is likely to be fueled by the widespread implementation of industry automation, industry 4.0, and industrial internet of things (IIoT) solutions.
Increasing application in the oil and gas sector
TSN finds extensive application in automotive & transportation, power & energy, oil & gas, aerospace, and industrial automation. TSN industry share from oil & gas applications is estimated to grow at a CAGR of more than 25% through 2026. This growth will be largely driven by the increasing level of automation in the oil & gas sector along with the widespread adoption of IoT and connected devices.
Expanding scope of 5G TSN in industrial automation
TSN and reliable connectivity are key requirements for industrial automation and Industry 4.0 applications. 5G could be the right solution to connect devices such as industrial sensors and actuators wireless to a time sensitive network. Unlike previous wireless technologies, 5G focuses on delivering ultralow latency, and high reliability. As a result, the implementation of a 5G TSN infrastructure could enable manufacturers to achieve real-time synchronization across all devices.
Growing adoption in MEA countries
The time sensitive networking market in the Middle East and Africa region is slated to expand at a CAGR of nearly 30% through 2026, driven by the increasing level of factory automation. The industrial sector in MEA countries has been witnessing a rapid adoption of industrial automation solutions in recent years, with constant technological developments. Regional manufacturing companies are expected to invest substantially in sophisticated automated systems in the near future.
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The complexities in TSN deployment could be a major challenge for the time sensitive networking market in the future. Nevertheless, the global TSN industry is poised to experience some remarkable trends over the next few years, with the increasing adoption of industrial automation, Industry 4.0, and industrial IoT (IoT) solutions.
Analog Devices, Inc., Broadcom Limited, Belden, Inc., Cisco Systems, Inc., Intel Corporation, Nokia Corporation, Xilinx, Inc., Siemens AG, Renesas Electronics Corporation, NXP Semiconductors, Inc., National Instruments Corporation, Microsemi Corporation, Marvell Technology Group Ltd., and Infinera Corporation are some of the prominent players in the industry.
Table of Contents (ToC) of the report:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definitions
1.1.6. Methodology & forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.1.1. Paid sources
1.2.1.2. Public sources
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Time sensitive networking market 360º synopsis, 2017 - 2026
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Platform trends
2.1.4. Component trends
2.1.5. Application trends
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