Time-Sensitive Networking Market is Projected to Reach USD 1 Billion by 2026

According to a recent study from market research firm Global Market Insights, The Time-Sensitive Networking market is likely to garner remarkable gains on account of surging demand for Industrial IoT (IIoT), industrial automation and real-time networking. Currently, major manufacturing businesses are heavily relying on industrial automation and communication networks. In fact, smart manufacturing houses are integrating different components like sensors and controllers over converged networks.

Increasing demand for industrial automation solutions and the need for communication networks are likely to boost the adoption of time-sensitive networking market solutions. For example, smart manufacturing plants are connected via various components like sensors and controllers over a converged network. These connected components send data to the remote monitoring system by multi-access edge computing and radio access networks.

The time-sensitive networking (TSN) technology aids in routing increased traffic which is caused because of data transmission by a converged network. They give protocol layers and high bandwidths in comparison to standard Ethernet switches in the network infrastructure. Although, time-sensitive networking takes more time to refresh the switches, resulting in high maintenance costs and enhancing the total cost of ownership for enterprises.

Time-sensitive network technology assist in routing the increased network traffic generated owing to the transmission of data through a converged network. Moreover, it also renders superior bandwidths and protocol layers as opposed to the conventional Ethernet switches present in the network infrastructure.

The controller and processor segment in the time-sensitive networking market is likely to register a notable growth rate through 2026. Communication technology providers are constantly introducing novel products to support advancements in time-sensitive networking market.

For instance, CAST, Inc. had recently introduced a switched TSN Endpoint Controller. The technology helped CAST to facilitate controller IP core that combines with hardware stacks and renders low latency Ethernet MAC, time synchronization capability and management of traffic.

The professional service segment is anticipated to surpass nearly $200 million by 2026. Enterprises having specialized expertise in time-sensitive networking technology are offering services to solve customer's network issues in maintenance and deployment. Organizations operating in the industry are concentrating on offering TSN solutions.

Citing an incidence, Microsemi, a renowned system and semiconductor solution provider, in May 2018 launched various services packages like SMBStaX, Carrier Ethernet, and ISTaX. These services are focused on applications such as enterprise, industrial, and carrier.

Smart manufacturing centers connect various components like controllers and sensors over a connected network. These converged components send the required data to the remote monitoring system through multiple access edge computing and radio access networks.

Europe is anticipated to emerge as one of the more profitable revenue terrains for time-sensitive networking market in the next few years. Increasing use of managed services and controllers and processes across firms in the regional automotive vertical is intensifying growth.

Additionally, constant innovations to enhance vehicle communication technologies is projected to increase the amount of investment in the European automobile sector. The region is home to some of the most advanced automakers in the world, including BMW, Daimler and Volkswagen, ensuing robust developments in mobility and the demand for TSN technology.

Companies with adequate experience in the field of TSN technology are offering services to their customers to address issues related to the deployment and maintenance of the network. The professional service segment in the TSN market is subjected to amass nearly USD 200 million in the next six years.

Firms operating in the market are constantly aiming at extending time-sensitive network solutions. In May 2018, Microsemi - a prominent name in the system and semiconductor sector, introduced Carrier Ethernet, ISTaX and SMBStax. The software technology services focus on various enterprise, carrier, and industrial applications.

Key Companies covered in time-sensitive networking market are Analog Devices, Inc., Belden, Inc., Broadcom Limited, Cisco Systems, Inc., Infinera Corporation, Intel Corporation, Marvell Technology Group Ltd., Microsemi Corporation, National Instruments Corporation, Nokia Corporation, NXP Semiconductors, Inc., Renesas Electronics Corporation, Siemens AG, TTTech Computertechnik AG, and Xilinx, Inc.