Global Time Sensitive Networking Market Size & Outlook
The time sensitive networking industry worldwide is expected to reach a projected revenue of US$ 3,399.1 million by 2030. A compound annual growth rate of 38.1% is expected of the worldwide time sensitive networking industry from 2024 to 2030.
Revenue, 2023 (US$M)
$355.7
Forecast, 2030 (US$M)
$3,399.1
CAGR, 2024 - 2030
38.1%
Report Coverage
Worldwide
Global time sensitive networking market, 2018-2030 (US$M)
Global time sensitive networking market highlights
- The global time sensitive networking market generated a revenue of USD 355.7 million in 2023 and is expected to reach USD 3,399.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 38.1% by 2030.
- In terms of segment, switches accounted for a revenue of USD 355.7 million in 2023.
- Switches 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 2023.
Global data book summary
| Market revenue in 2023 | USD 355.7 million |
| Market revenue in 2030 | USD 3,399.1 million |
| Growth rate | 38.1% (CAGR from 2023 to 2030) |
| Largest segment | Switches |
| Fastest growing segment | Switches |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Switches |
Other key industry trends
- In terms of revenue, the North America accounted for 36.2% of the global time sensitive networking market in 2023.
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Time Sensitive Networking Market Scope
Time sensitive networking market segmentation & scope
Standard
IEEE 802.1AS (Timing and Synchronization)
IEEE 802.1Qbv (Enhancements for Scheduled Traffic)
IEEE 802.1Qbu (Frame Preemption)
IEEE 802.1Qci (Per-Stream Filtering and Policing)
IEEE 802.1CB (Seamless Redundancy)
IEEE 802.1Qch (Cyclic Queuing and Forwarding)
IEEE 802.1Qcr (Asynchronous Traffic Shaping)
Application
Industrial Automation
Automotive
Oil & Gas
Power & Energy
Aerospace
Consumer Electronics
Other Application
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Time Sensitive Networking Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global time sensitive networking market size, by regions, 2018-2030 (US$M)
Related regional statistics
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