Global Time Sensitive Networking (TSN) Market Size, Share and Trends Analysis Report, By Component (Switches, Connectors, Communication Interfaces, Power Supply Devices, Controllers and Processors, Memory, Isolators and Convertors, and Others), By Application (Industrial Automation, Energy and Power, Automotive, Transportation, Oil and Gas, Aerospace, and Others), Forecast (2022-2028)

The global time sensitive networking (TSN) market is anticipated to grow at a significant CAGR of nearly 50.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the growing demand for industrial automation in manufacturing industries, rising demand for deterministic ethernet for real-time applications and challenging multiple controller applications. Furthermore, integration of 5G with TSN for mobile network sharing along with the application of ethernet TSN in reshaping in-vehicle communication. Further, the emergence of Industry 4.0., increasing demand for real-time networking by various industrial verticals such as automotive, energy & utility, manufacturing, transportation, oil & gas and aerospace are the major factors contributing to the growth of the global TSN market. Moreover, partnerships and collaborations are expected to offer an opportunity for the market. For instance, in January 2021, NXP Semiconductors announced a partnership with Real-Time Innovations (RTI). RTI Connext Drive operates natively on NXP’s automotive-grade S32G vehicle network processors, allowing a zonal electrical/electronic (E/E) architecture through a modular, flexible, and scalable platform.
Some major players in the market include Intel Corp., Belden Inc., and Cisco Systems, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2021, Microchip Technology Inc. announced the launch of the SparX-5i family of Ethernet switches—single-chip, IEEE standards-based solutions. The company added that the parX-5i family supports the key TSN IEEE standards needed for a complete real-time communication solution and offers a complete TSN feature set.

Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028

Segment Covered-
By Component
By Application

Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World

Top Major Key Players:
Intel Corp., Belden Inc., and Cisco Systems, Inc., among others.

Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Time Sensitive Networking (TSN) Market Report by Segment
By Component
Switches
Hubs, Routers, and Gateways
Connectors
Communication Interfaces
Power Supply Devices
Controllers and Processors
Memory
Isolators and Converters
Others

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