Time Sensitive Networking Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, Segmented By Component Type (Switches, Hubs, Routers & Gateways, Controller & Processors, Isolators & Converters, Connectors, Communication Interfaces and Others), By Application (Industrial Automation, Power & Energy, Automotive, Transportation, Oil & Gas, Aerospace, and Others), By Regio
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTime Sensitive Networking Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, Segmented By Component Type (Switches, Hubs, Routers & Gateways, Controller & Processors, Isolators & Converters, Connectors, Communication Interfaces and Others), By Application (Industrial Automation, Power & Energy, Automotive, Transportation, Oil & Gas, Aerospace, and Others), By Regio
Global Time Sensitive Networking Market is anticipated to thrive in the forecast period 2024-2028. Time sensitive networking (TSN) is a distinctive and ground-breaking technology that is becoming more and more prevalent. Advancement in the technology development such as in the Industrial Internet of Things, machine learning has empowered and implemented futureproof industry 4.0 applications for the manufacturing and automation sectors. Moreover, snowballing rollout of 5G technology and wireless time sensitive networking has enabled major firms in providing next level of connectivity and optimization solutions integrated with automation in machines to their clientele. Additionally, benefits like ease of network configuration, accurate motion control, low latency, secure networks, reduction system costs, and future enhancements capabilities are boosting the demand for time sensitive networking market across the globe.
The time sensitive networking refers to a set of Ethernet sub-standards technology devices and gadgets designed by the Institute of Electrical and Electronic Engineers (IEEE) that provide deterministic messaging on standard Ethernet. It redefines the industrial connectivity environment and creates a framework for the integration of information technology (IT) and industrial operations technology (OT). Time sensitive networking technologies are centrally managed and deliver guarantees of delivery and help minimize jitter by using the time scheduling for real time applications that require determinism. The payloads flexibility of the ethernet framework and the ability of forwarding decisions by the TSN bridges makes it capable of carrying the payload of any industrial applications and offers a suitable environment. The TSN components known as TSN flow, end devices, bridges, central network controller (CNC) and centralized user configuration (CUC) are used for time sensitive networking solutions to connect the diverse devices for data streams with real-time requirements.
Growing adoption of industrial automation in industries
Time sensitive networking is a key for industrial applications such as process and machine controls where low communication latency and minimal jitter are critical to meet closed loop control requirements. Technological connectivity like TSN Testbed is enabling adoption of smart IoT solutions, critical industrial IoT & industry 4.0 solutions in the automation industries supporting the real time control and synchronization of high-performance machines over a single, standard Ethernet network. This connectivity enables customers, suppliers, and vendors to rely more towards readily found at data to support rapid manufacturing reconfiguration with plant downtime reduction. Critical control applications like robot control, drive control, IO, vision systems have become easy to get accessed. Thus, the growing adoption of industrial automation in the various industries is raising the demand of time sensitive networking market.
Increasing number for real time networking for various applications
The objective of real time networking approach is to assess the state of current network connection and exchange information instantly with negligible latency or transmission delay when it is necessary. Real time communication with the help of time sensitive networking has opened the path to integrating with varied applications. The increasing number of smart devices coupled with real time sensitive networking to deliver high data transmission rates with deterministic Ethernet has inspired major players to include such methods into their current products and services. This is given the boost to time sensitive networking market across the global. Moreover, autonomous supply chain and smart manufacturing techniques require smart and connected items as essential elements. The emergence of low-cost linked devices has enabled the manufacturers to deploy IoT technology to enhance overall production and minimize resource consumption. Furthermore, because IoT apps have a minimal operational cost, many enterprises are now incorporating them into their equipment to increase production while spending less.
Development of Different Industrial Ethernet Protocols
The industrial ethernet is the fastest growing communication protocol within industrial automation and control systems. The popularity and ubiquity of Ethernet has continued to motivate the upgradation to traditional industrial Ethernet. Many different industrial Ethernet protocols have been implemented in the field such as EtherCAT, EtherNet/IP, Profinet, and Powerlink. Future industrial Ethernet protocols will continue to evolve and converge to deliver hard, real-time, deterministic communication links with better reliability and integrated safety. The low-cost, adaptable system can support multiple and precision time protocols (PTP) enabling flexible network topologies that scale with the number of network nodes are increasing the growth of Time Sensitive Networking Market across the globe.
Market Segmentation
Market Player
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Component Type By Application |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Colombia, Argentina, Saudi Arabia, South Africa, UAE and Kuwait |
| Key companies profiled | Cisco Systems Inc., N.X.P Semiconductors N.V., Marvell Technology Group Ltd., Microsemi Corporation, Intel Corporation, Xilinx, Inc., National Instruments Corporation, Analog Devices, Inc., Belden Inc., Broadcom Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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