Ethernet switches and routers help connect various network devices and route internet traffic between different networks. They provide a high-speed network infrastructure for organizations to transmit bandwidth-intensive files, videos, and applications across multiple locations. With the rapid growth in cloud and internet traffic driven by IoT, big data, and 5G networks, there is an increasing need for network devices that can accommodate higher internet speeds.The global Ethernet Switches And Routers Market is estimated to be valued at US$ 21.04 billion in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the Global Ethernet Switches And Routers Market Size is the increasing network bandwidth requirements. With the emergence of new technologies such as 4k/8K videos, augmented and virtual reality applications, healthcare wearables, and autonomous vehicles that generate and consume high volumes of data traffic, there is a need for network infrastructure devices that support faster data speeds. Ethernet switches and routers with higher port density and speeds help meet these bandwidth demands from bandwidth intensive applications. Leading manufacturers are focusing on developing routers and switches with 400G and 800G ports along with Artificial Intelligence (AI)-powered automation capabilities to optimize network performance and reliability under high-speed data traffic. This evolving trend towards higher bandwidth networking is expected to fuel demand for next-generation ethernet switches and routers during the forecast period.
Segment Analysis
The global Ethernet Switches and Routers market is dominated by Ethernet switches segment. Ethernet switches find wide application in various end-use industries for connecting multiple devices and transferring data at high speeds within local area networks (LANs). They are easier to deploy and manage when compared with routers, which makes Ethernet switches a preferred choice for LAN infrastructure in enterprises. Within Ethernet switches, managed switches account for the largest share owing to their advanced features for traffic monitoring, administrative control, and virtual local area network (VLAN) capabilities.
Key Takeaways
The global Ethernet Switches and Routers market is expected to witness high growth.
Regional analysis:
The Asia Pacific region is expected to dominate the global Ethernet switches and routers market during the forecast period. Rapid industrialization and infrastructure development activities in countries such as China and India are driving the demand for advanced networking equipment. Furthermore, the growing adoption of ethernet switches and routers across manufacturing, retail, healthcare and BFSI industries is fueling market growth in the region.
Key players operating in the Ethernet Switches and Routers market includes Huawei Technologies Co. Ltd., ZTE Corp., Cisco Systems Inc., ADVA Optical Networking SE, Nokia Corporation, Ciena Corporation, Infinera Corporation, Fujitsu Ltd., ECI Telecom Ltd., Telefonaktiebolaget LM Ericsson, NEC Corporation, Juniper Networks Inc., Coriant GmbH, Huawei Marine Networks Co. Limited, NTT Electronics Corporation, Lumentum Operations LLC, Plaintree Systems Inc. Huawei Technologies Co. Ltd. is one of the leading suppliers of ethernet switches and routers globally.
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