by Ethernet cards are network interface cards that use Ethernet technology to allow electronic devices to communicate with each other on a computer network or local area network (LAN). Ethernet cards allow devices such as desktop computers, printers, servers, internet routers, IP phones and security cameras to connect to each other through wired Ethernet connections. Major uses of ethernet cards include their use in desktop computers, servers, routers and switches to enable high-speed data transfer and communication within organizations. With growing digitalization and uptake of technologies like artificial intelligence, machine learning, cloud computing and internet of things (IoT), there is an increasing demand for faster and larger network bandwidth for sharing and processing huge volumes of data on networks. This is expected to drive the demand for high-performance ethernet cards that support speeds of 1 Gbps or higher.
The global Ethernet Card Market is estimated to be valued at US$ 6.25 billion in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
The global Ethernet card market is expected to be flourished by the rising demand for high speed network connectivity globally. With growing digital transformation across industries, there is explosion of data traffic on enterprise networks due to increasing adoption of cloud, IoT, big data analytics etc. This rising data traffic is pushing the need for higher network bandwidth which is driving the demand for faster Ethernet networking solutions. Ethernet cards that support speeds of 1Gbps or multi-Gbps are gaining demand as they provide necessary high-speed connectivity and bandwidth for data-intensive applications. Additionally, growing mobile workforce is increasing the need for fast and seamless connectivity of devices from any location which is further propelling the ethernet cards market growth over the forecast period.
Segment Analysis
The global ethernet card market is segmented based on component, product, application, and geography. The component segment is further divided into controllers, adapters, and switches. Among these, the controller sub-segment dominates the ethernet card market with over 35% share due to high demand for ethernet controllers for establishing high-speed connectivity.
PEST Analysis
Political: Government initiatives to develop digital infrastructure will boost the ethernet card market growth. Many countries are investing in enhancing networking infrastructure.
Economic: Rising internet penetration, growing adoption of Big data analytics, and increasing demand for improved connectivity are fueling the market growth.
Social: Increasing usage of smart devices and growing demand for fast connectivity are positively impacting ethernet card adoption across industries.
Technological: Advancements in networking technologies such as 10 Gigabit Ethernet and emerging Wi-Fi 6 technologies are augmenting the ethernet card market.
Key Takeaways
The global Ethernet Card Market Demand is expected to witness high growth at a CAGR of 7.5% during the forecast period of 2023 to 2030. The market size is projected to reach US$ 10.62 Bn by 2030 from US$ 6.25 Bn in 2023.
Regional analysis
North America dominates the ethernet card market with over 30% share owing to the presence of major players and developed networking infrastructure in the region. Asia Pacific is projected to witness the fastest growth due to rapid digitalization and industrialization in countries such as China and India.
Key players
Key players operating in the ethernet card market are Regeneron Pharmaceuticals, Inc., Eli Lilly and Company, AstraZeneca PLC, GlaxoSmithKline plc, Sanofi SA, Roche Holding AG, Novartis AG, Merck & Co.Inc., Pfizer Inc., Johnson & Johnson, Takeda Pharmaceutical Company Limited, Moderna, Inc., BioNTech SE, CSL Limited, Sinovac Biotech Ltd. These players are focusing on new product launches and partnerships to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
