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 46% is expected of Europe time sensitive networking market from 2025 to 2030.
Revenue, 2024 (US$M)
$101.1
Forecast, 2030 (US$M)
$828.3
CAGR, 2025 - 2030
46%
Report Coverage
Europe
Related Markets
Europe time sensitive networking market highlights
- The Europe time sensitive networking market generated a revenue of USD 101.1 million in 2024.
- The market is expected to grow at a CAGR of 46% from 2025 to 2030.
- In terms of segment, switches was the largest revenue generating component in 2024.
- Processors is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 101.1 million |
| Market revenue in 2030 | USD 828.3 million |
| Growth rate | 46% (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 |
| 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 24.0% of the global time sensitive networking market in 2024.
- 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
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 |
Europe time sensitive networking market size, by country, 2018-2030 (US$M)
Europe Time Sensitive Networking Market Outlook Share, 2024 & 2030 (US$M)
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