Europe Time Sensitive Networking Market Size & Outlook
The time sensitive networking market in Europe is expected to reach a projected revenue of US$ 828.3 million by 2030. A compound annual growth rate of 38.4% is expected of Europe time sensitive networking market from 2024 to 2030.
Revenue, 2023 (US$M)
$85.0
Forecast, 2030 (US$M)
$828.3
CAGR, 2024 - 2030
38.4%
Report Coverage
Europe
Europe time sensitive networking market, 2018-2030 (US$M)
Europe time sensitive networking market highlights
- The Europe time sensitive networking market generated a revenue of USD 85.0 million in 2023.
- The market is expected to grow at a CAGR of 38.4% from 2024 to 2030.
- In terms of segment, switches was the largest revenue generating component in 2023.
- Switches is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 85.0 million |
| Market revenue in 2030 | USD 828.3 million |
| Growth rate | 38.4% (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 |
| Key market players worldwide | Advantech, Belden Inc, Cisco Systems Inc, HMS Networks AB, Microchip Technology Inc, Mitsubishi Electric Corp, Berkshire Hathaway Inc Class A, Emerson Electric Co, Spirent Communications PLC, Texas Instruments Inc, TTEC Holdings Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.9% of the global time sensitive networking market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,114.4 million by 2030.
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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 |
|---|
Europe time sensitive networking market
Related regional statistics
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