Tuesday, 02 January 2024 12:17 GMT

Time-Sensitive Networking Market Top Players, Segments & Regional Trends By 2034


(MENAFN- Straits Research) Introduction

Straits Research published a report, “Global Time-Sensitive Networking Market Size & Outlook, 2026–2034”. According to the study, the global market size is valued at USD 355.9 million in 2025 and is projected to expand to USD 7,151.3 million by 2034, registering a compound annual growth rate (CAGR) of 40.5%.

Market Dynamics

The Time-Sensitive Networking market is propelled by the increasing need for deterministic communication in industrial automation, robotics, and mission-critical networks. Persistent rise in uptake of Industry 4.0 technology, such as real-time machine coordination, intelligent factories, and coordinated control of actuators, sensors, and autonomous systems, continues to drive TSN uptake. Growing use of edge computing and Ethernet-based automation platforms also enhances network reliability and ultra-low latency performance across industry verticals.

Government and industry-backed initiatives for safe industrial connectivity, growth of smart manufacturing programs in the United States, Germany, Japan, and South Korea, and fast-paced digitalization in transport and energy sectors are driving growth in the market. Furthermore, the use of TSN by car E/E architecture, i.e., in autonomous and software-defined cars, and in new electric and automated railway systems, is creating new commercialization opportunities for TSN vendors and technology providers worldwide.

Market Highlights

  • Segmental Leadership: The Solutions segment holds the largest share, specifically 7% in 2025, driven by widespread deployment of TSN-enabled Ethernet infrastructure in industrial automation.
  • Technology Focus: The IEEE 802.1AS (Timing & Synchronization) standard leads with over 33.9% market share, ensuring precise latency control for time-critical communication.
  • Application Outlook: The Industrial Automation segment is expected to witness the highest CAGR (~21.5%) during the forecast period, supported by Industry 4.0 adoption and synchronized machine operations.
  • Regional Insights: North America dominates with ~36.2% revenue share in 2025, fueled by strong smart manufacturing transformation and extensive IIoT integration.

Competitive Players

  • Advantech Co., Ltd.
  • Belden Inc.
  • Cisco Systems Inc.
  • HMS Networks
  • Microchip Technology
  • Mitsubishi Electric
  • Mouser Electronics
  • NATIONAL INSTRUMENTS CORP.
  • PROFIBUS Nutzerorganisation e.V.
  • Spirent Communications.
  • Texas Instruments Inc.
  • TTTech Group
  • NXP Semiconductors N.V.
  • Broadcom Inc
  • Analog Devices, Inc.
  • Renesas Electronics Corporation
  • Intel Corporation
  • Marvell Technology, Inc.
  • Siemens AG
  • Moxa Inc.
  • Others

    Recent Developments

    Segmentation

  • By Type (2022-2034)
  • Solution
  • Switches
  • Controllers & Processors
  • Other Hardware Components
  • Services
  • Professional Services
  • Managed Services
  • By Technology (2022-2034)
  • IEEE 802.1AS (Timing and Synchronization)
  • IEEE 802.1Qbv (Enhancements for Scheduled Traffic)
  • IEEE 802.1Qci (Per-Stream Filtering and Policing)
  • Others
  • By Application (2022-2034)
  • Industrial Automation
  • Power & Energy
  • Automotive & Transportation
  • Oil & Gas
  • Aerospace
  • Others

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  • Straits Research

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