August 10, 2022 13:10 ET | Source: Straits Research Straits Research

New York, United States, Aug. 10, 2022 (GLOBE NEWSWIRE) -- An Ethernet adapter, also known as a network interface card (NIC), is a card that plugs into a slot on a motherboard and allows a computer to connect to an Ethernet network (LAN). NIC was previously only utilized for desktop systems. However, ethernet is now built into the motherboard chipsets of desktop and laptop computers.

The Ethernet adapter market is estimated to expand due to increased demand for higher bandwidth connections across various industries. The growing deployment of data centers is also projected to fuel the ethernet adapter market. An ethernet connection provides excellent reliability and signal stability. It reduces the likelihood of external meddling and security breaches. Given these considerations, the ethernet adapter market is expected to increase exponentially in the near future.

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Swelling Demand for Higher Bandwidth Connections to Drive the Global Ethernet Adapter Market

There is a significant demand for high bandwidth in the telecom industry, cloud applications, TV-on-demand, video services, and online gaming. Wired transmission connection offers greater bandwidth, enhanced reliability & agility, and improved security compared to wireless communication. For instance, wired LAN offers 100Mbps bandwidth using Ethernet technology, whereas the maximum bandwidth provided by a wireless network is about 11Mbps.

Moreover, wireless transmission is lower in underwater operations due to the use of low frequency to keep the attenuation (power loss in transmitted signal) minimum and prevent slowdown of the transmission rate. If attenuation has to be reduced from 5.4 DB to 0.4 DB, the frequency must be reduced from 1.8 MHz to 0.01 MHz. However, wired communication is exempted from such limitations, making it a faster medium than wireless transmission. Consequently, increased demand for higher bandwidth and a need for more rapid transmission implicitly drive the ethernet adapter market.

Digitalization of Firms Creates News Opportunities for the Global Ethernet Adapter Market

The digitalization of businesses enhances the efficiency of their processes, consistency, and quality. Besides, it significantly reduces costs by optimizing production processes, saving time & human resources, and improving the standard of living. Therefore, more and more businesses are adopting digitalization. This increased adoption necessitates networking hardware such as routers, switches, and servers. Subsequently, the ethernet adapter market finds remunerative opportunities with the increasing digitalization of businesses during the forecast period.

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North America is the highest revenue contributor and is estimated to grow at a CAGR of 30.9% during the forecast period. In recent years, the internet's spread in North America has boosted the usage of computers, which in turn has increased the use of ethernet adapters to build local area networks. Advances in Ethernet adapters that provide a high data rate and a wide bandwidth contribute to the growth of the North American ethernet adapter industry. Furthermore, the expansion of the video gaming sector, which employs high-speed ethernet for LAN installation, influences ethernet adapter demand.

Asia-Pacific is the fastest-growing region. In terms of digital technology and infrastructure in the residential, commercial, and industrial sectors, Asia-Pacific has the most rapidly rising countries, including Japan, India, South Korea, Taiwan, and the Philippines. Increased internet penetration necessitates using ethernet adapters for network extension and installation. The need for ethernet adapters is influenced by factors such as high-speed transfer, reliability, robustness, and efficient connectivity over long distances.

The European ethernet adapter market is projected to reach USD 11,092 million by 2030, growing at a CAGR of 34.1%. The growth is mainly driven by increased economic activities, rapid industrialization, and a rise in internet users. Industrialization promotes the setup of office buildings, data centers to provide data storage services, and others. These applications require ethernet adapters for the transfer of data. 

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Competitive Players in the Global Ethernet adapter market

Global Ethernet Adapter Market: Segmentation

By Data Rate per Port

Table of Content and Figure @ https://straitsresearch.com/report/ethernet-adapter-market/toc

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