September 27, 2021
According to the research report titled ‘Global Ethernet Adapter Market - Analysis By Type (Internal, External), Bandwidth Type, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report LLC, global ethernet adapter market accounted for USD 2575.71 million in 2020 and is predicted to expand significantly during 2021-2026.
Factors such as rising number of data centers, widespread adoption of IoT and 5G services, and growing product demand from several enterprises are predominately driving the growth of global ethernet adapter market. Increased internet penetration and growing demand for high-speed internet connectivity are also aiding towards the market expansion.
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As per type, the report cites that the internal segment accounted for the largest market share and is expected to register consistent growth in the ensuing years. This can be attributed to the availability of internal cards integrated in internal ethernet adapters. However, the external segment is likely to showcase a strong CAGR through 2027, owing to rising number of internet users.
In terms of bandwidth type, global ethernet adapter market share from the Android segment is anticipated to grow considerably through 2026, primarily due to rising Android users in developing regions.
Based on the application spectrum, the report claims that data center segment is likely to emerge as a key revenue generator for the market majors in the subsequent years. Growing demand for high bandwidth ethernet across various data centers coupled with increasing development of hyperscale facilitates are facilitating the overall business scenario.
Considering the geographical landscape, Asia-Pacific ethernet adapter industry is deemed to witness substantial growth during 2021-2026. Rising smartphone as well as internet penetration in tandem with rapid expansion of machine learning, artificial intelligence, 5G, and IoT technologies are adding traction to the regional market size.
The prominent companies operating in global ethernet adapter market are Xilinx Inc., Texas Instruments, Realtek Semiconductor Corp., Marvell Technology Inc., Lenovo Group Ltd., Intel Corp., Mellanox Technologies Ltd., Allied Telesis, and Broadcom Corp. among others.