Global Time Sensitive Networking Market Size & Outlook
The global time sensitive networking market size was estimated at USD 422.0 million in 2024 and is projected to reach USD 3,399.1 million by 2030, growing at a CAGR of 45.6% from 2025 to 2030.
Revenue, 2024 (US$M)
$422.0
Forecast, 2030 (US$M)
$3,399.1
CAGR, 2025 - 2030
45.6%
Report Coverage
Worldwide
Global time sensitive networking market, 2018-2030 (US$M)
Related Markets
Global time sensitive networking market highlights
- The global time sensitive networking market generated a revenue of USD 422.0 million in 2024 and is expected to reach USD 3,399.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 45.6% by 2030.
- In terms of segment, switches accounted for a revenue of USD 105.0 million in 2024.
- Processors is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 422.0 million |
| Market revenue in 2030 | USD 3,399.1 million |
| Growth rate | 45.6% (CAGR from 2025 to 2030) |
| Largest segment | Switches |
| Fastest growing segment | Processors |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Switches, Controllers, Gateways, Memory, Power Supply Devices, Processors, Other Component |
Other key industry trends
- In terms of revenue, the North America accounted for 35.8% of the global time sensitive networking market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 151.2 million by 2030.
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Time Sensitive Networking Market Scope
Time sensitive networking market segmentation & scope
Time Sensitive Networking Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Spirent Communications PLC | View profile | 1526 | 108 High Street, Origin One, Crawley, West Sussex, United Kingdom, RH10 1BD | https://corporate.spirent.com |
| Belden Inc | View profile | 8000 | 1 North Brentwood Boulevard, 15th Floor, St. Louis, MO, United States, 63105 | https://www.belden.com |
| Advantech | View profile | 5001-10000 | Taipei, T'ai-pei, Taiwan, Asia | http://www.advantech.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| TTEC Holdings Inc | View profile | 60000 | 6312 South Fiddler’s Green Circle, Suite 100N, Greenwood Village, CO, United States, 80111 | https://www.ttec.com |
| HMS Networks AB | View profile | 1200 | Stationsgatan 37, Box 4126, Halmstad, Sweden, SE-300 04 | https://www.hms-networks.com |
| Microchip Technology Inc | View profile | 22600 | 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 | https://www.microchip.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global time sensitive networking market size, by regions, 2018-2030 (US$M)
Top 10 countries: Time sensitive networking market size, 2024 (US$M)
Global time sensitive networking market share, by component, 2024 & 2030 (%, US$M)
Time sensitive networking market: Opportunity assessment by country
Global time sensitive networking market, by region, 2024 (US$M)
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