Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
It’s Only Common Sense: Storytelling That Sells—Stop Pitching, Start Painting Pictures
The Right Approach: Get Ready for ISO 9001 Version 6
Time-Sensitive Networking Market Growth at CAGR of 53.8%, 2017-2024
September 25, 2017 | PRNewswireEstimated reading time: 2 minutes
The time-sensitive networking (TSN) market is expected to be worth USD 606.0 Million by 2024, at a CAGR of 53.8% considering that it will get commercialized by 2019.
The growth of this market can be attributed to the increasing adoption of industrial IoT and Industry 4.0, the increasing need for real-time networking for various applications, and the development of IEEE standards for deterministic Ethernet.
The time-sensitive networking (TSN) market, on the basis of component, has been segmented into switches; hubs, routers, and gateways; connectors; communication interfaces; power supply devices; controllers and processors; memory; isolator and convertors; and others. The market for switches is expected to grow at the highest rate during the forecast period as many players are expected to provide TSN-enabled switches in coming years. For instance, Belden is releasing a software update for its modularly managed Hirschmann switch types RSPE35 and RSPE37. This will enable TSN features on these switches. This update is expected to be available by the end of 2017. These developments infer that switches would hold the largest share of the TSN market.
The time-sensitive networking (TSN) market based on application has been segmented into industrial automation, power and energy, automotive, transportation, oil & gas, aerospace, and others. The market for automotive application is expected to grow at the highest CAGR during the forecast period. The increasing interest for TSN in automotive application plays a significant role to solve the requirement of latency, synchronization, conformance, availability, and QoS for vehicle communication. The growing environment and safety regulations for automobiles and the integration of advanced systems in automobile manufacturing are expected to fuel the TSN market for automotive applications.
North America is expected to hold the largest share of the time-sensitive networking (TSN) market during the forecast period. Manufacturers in the US are leveraging a competitive advantage through the efficiencies gained through automation. The growing industrial automation in the US is one of the driving factors for the TSN market. The increasing adoption of TSN technology for industrial manufacturing and Industry 4.0 applications in the US is one of the reasons for the growth of the TSN market in North America.
The companies are collaborating to develop the TSN testbed activities. For instance, in June 2016, the first TSN testbed was organized by IIC (US) at National Instruments Corporation (US) IoT lab. NI collaborated with the Industrial Internet Consortium (IIC) and industry leaders such as Bosch Rexroth AG (Germany), Cisco Systems, Inc. (US), Intel Corporation (US), KUKA Aktiengesellschaft (Germany), Schneider Electric SE (France), and TTTech Computertechnik AG (Austria) to develop the first TSN testbed. These activities would help provide opportunities for the TSN market in the coming years.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Nortech Systems Achieves Enhanced Fiber Optic Performance
09/16/2025 | Nortech SystemsNortech Systems Incorporated, a leading provider of design and manufacturing solutions for complex electromedical devices and electromechanical systems, announced significant advancements in its fiber optic capabilities.
Altair, Wichita State University’s NIAR Sign MoU to Accelerate Aerospace Innovation
09/16/2025 | AltairAltair, a global leader in computational intelligence, and Wichita State University’s (WSU) National Institute for Aviation Research (NIAR), one of the world’s leading aerospace research institutions, have signed a memorandum of understanding (MoU) to advance innovation across the aerospace and defense industries.
India’s Aerospace and Defence Engineered for Power, Driven by Electronics
09/16/2025 | Gaurab Majumdar, Global Electronics AssociationWith a defence budget of $82.05 billion (2025–26) and a massive $223 billion earmarked for aerospace and defence spending over the next decade, India is rapidly positioning itself as a major player in the global defence and aerospace market.
Honeywell-Led Consortium Receives UK Government Funding to Revolutionize Aerospace Manufacturing
09/02/2025 | HoneywellA consortium led by Honeywell has received UK Government funding for a project that aims to revolutionize how critical aerospace technologies are manufactured in the UK through the use of AI and additive manufacturing.
Coherent Announces Agreement to Sell Aerospace and Defense Business to Advent for $400 Million
08/15/2025 | AdventCoherent Corp., a global leader in photonics, today announced that it has entered into a definitive agreement to sell its Aerospace and Defense business to Advent, a leading global private equity investor, for $400 million. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS.