Time-Sensitive Networking Market Size, Share, Opportunities, And Trends By Component (Hubs, Routers, And Gateways, Switches, Isolators And Converters, Controllers And Processors, Communication Interfaces, Connectors, Power Supply Devices, Memory, Others), By Industry Vertical (Semiconductor, Power And Energy, Transportation, Oil And Gas, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Apr 2023
- Report Code : KSI061615040
- Pages : 120
Time-sensitive networking is an established standard technology that enables deterministic messaging over conventional Ethernet. A group of Ethernet sub-standards known as time-sensitive networking has been developed by the IEEE 802.1 TSN Task Group by expanding and modifying current ethernet standards. Time-sensitive networking aims to integrate industrial operational technology with general information technology to allow multiple protocols to share the same network infrastructure. TSN technology intends to standardize features on OSI-Layer 2 by setting up important and non-critical data flow in a way that doesn't compromise real-time characteristics or performance. Time-sensitive networking equipment and technology employ time-scheduling processes to provide delivery assurances and minimize latency for certain immediate applications that necessitate certainty. Hubs, routers, gateways, switches, isolators, converters, controllers, processors, communication interfaces, connectors, power supply devices, and memory are the major time-sensitive networking components used across a wide range of industry verticals including semiconductor, transportation, power, and energy, oil and gas, and other sectors. The fundamental advantages of time-sensitive networking including the provision of mutual cabling and connection among several real-time protocols and brand-neutral real-time communication between various components are expected to propel the market growth over the forecast period.
- The growing adoption of ethernet by manufacturing companies
Manufacturing companies all over the world are extensively adopting industrial ethernet technology to increase productivity and competence in production activities by shifting from expensive proprietary technology to a deterministic reliable technology to control costs. Field-bus systems' resilience, network security, connectivity, and standardization are the major advantages provided by ethernet solutions. Further, industrial ethernet allows businesses and manufacturing enterprises to control their networked production equipment to optimize business expenditure and operations which is resulting in a high demand for ethernet solutions by the manufacturing industry which is creating a rise in demand for time-sensitive networking products to administer such ethernets. A report generated by HMS Networks, a company manufacturing communication equipment revealed that in 2022 the industrial ethernet accounted for approximately 66% of the installation of new nodes manufactured by the company. Further, the increasing ethernet product launches are encouraging the adoption of industrial ethernet by companies. For example, in March 2021, a company engaged in the production of semiconductors, MaxLinear, Inc. introduced a new device to its existing ethernet-facilitating product portfolio. Therefore, the growing need for industrial ethernet devices is expected to increase the consumption of time-sensitive networking products over the forecast period.
- The increasing automation of industrial manufacturing process
Time-sensitive networking is an essential component of unified infrastructure that is advancing the digital revolution of the automation process of the manufacturing industry. It provides low-latency communications, superior resource management, and time synchronization benefits by connecting all end devices and centralizing data collecting on a regular ethernet network by combining information technology and operational technology networks. For example, a report published by Moxa Technologies Inc. in 2023 revealed that the adoption of a time-sensitive networking standard and products generated by it enabled a hydropower plant to unify all of its isolated networks and implement an artificial intelligence system for its control network with enhances efficiency and capacity to swiftly modify the total power production to the grid due to the resultant enhanced adaptability and cost reduction.
The lack of certain technical aspects in time-sensitive networking standard could restrict the growth of the market.
The inability of time-sensitive marketing to address the various technical aspects related to the automation of industrial processes including motion control, network configuration, and safety functions for extensive level application is creating complications in the adoption of time-sensitive networking by consumer companies. The inability of time-sensitive networking to understand data due to its primary focus on offering ethernets with a deterministic communication foundation is creating this gap in time-sensitive networking standards creating a need for extending protocol and standards to include all the technical aspects of industrial automation. Therefore, the time-sensitive networking market could experience restrained growth due to its inability to cover certain areas of industrial automation.
- In November 2022, Marvell Technology Inc., a company operating in the semi-conductor business introduced a line of safe hardware for demanding industrial settings requiring time-sensitive TSN deterministic networking, the Secure Deterministic Ethernet solution, which uses deterministic networks to extend Ethernet onto the manufacturing floor by employing prestera switches and Alaska PHY transceivers.
- In September 2022, Avnu Alliance, an organizational group promoting the use of time-sensitive networking declared the introduction of its TSN Test Tool program to new customers as a part of its expansion program according to which third-party vendor test tools can be verified and validated through Avnu's stringent process, which is designed and maintained by skilled certification management professionals and TSN subject matter experts.
North America holds a prominent share of the time-sensitive networking market and is expected to grow in the forecast period.
The time-sensitive networking market in North America is experiencing significant growth driven by the industrial automation and the establishment of effective regulation by North American governments to ensure safety in workplaces. In addition, the rise in workload among industrial sectors is creating a high demand for time-sensitive networking automation controllers to monitor data traffic and enable multiple streaming to integrate deep learning capabilities into a single machine that can communicate in real time with other controllers connected to the factory's network.
Time-Sensitive Networking Market Scope:
|Growth Rate||CAGR during the forecast period|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Component, Industry Vertical, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Advanced Micro Devices, Inc., Cisco, Advantech Co., Ltd., PI North America, Analog Devices, Inc, NXP Semiconductor, Broadcom, Intel Corporation, Renesas Electronics Corporation, Marvell|
|Customization Scope||Free report customization with purchase|
Key Market Segments:
- By Component
- Hubs, Routers, And Gateways
- Isolators And Converters
- Controllers And Processors
- Communication Interfaces
- Power Supply Devices
- By Industry Vertical
- Power And Energy
- Oil And Gas
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. TIME-SENSITIVE NETWORKING MARKET, BY COMPONENT
5.2. Hubs, Routers, And Gateways
5.4. Isolators And Converters
5.5. Controllers And Processors
5.6. Communication Interfaces
5.8. Power Supply Devices
6. TIME-SENSITIVE NETWORKING MARKET, BY INDUSTRY VERTICAL
6.3. Power And Energy
6.5. Oil And Gas
7. TIME-SENSITIVE NETWORKING MARKET, BY GEOGRAPHY
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East And Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Advanced Micro Devices, Inc.
9.3. Advantech Co., Ltd.
9.4. PI North America
9.5. Analog Devices, Inc
9.6. NXP Semiconductor
9.8. Intel Corporation
9.9. Renesas Electronics Corporation.
Advanced Micro Devices, Inc.
Advantech Co., Ltd.
PI North America
Analog Devices, Inc
Renesas Electronics Corporation.
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