Ethernet PHY Chip Market is Expected to Grow at USD 19.61 billion by 2030, at a CAGR of 8.8% | Growing adoption of ethernet PHY chips in computer programming task

According to MRFR analysis, the global Ethernet PHY Chip Market is expected to register a CAGR of ~ 8.8% from 2021 to 2030 and hold a value of over ~USD 19.61 billion by 2030.

The Ethernet PHY chip market has grown exponentially in current years owing to the augmented demand for smaller chip modules to advance the performance of electronic devices. The increase of the Internet of Things (IoT) and an upsurge in online video streaming platforms are driving up demand for these chips, driving the market growth. High bandwidth switches are also anticipated to boost product demand exponentially. The growing use of automation or process control technologies in several industries, such as automotive, aerospace, food and beverage, oil and gas, propels global Ethernet PHY Chips growth. The rising importance of automating several manufacturing processes is anticipated to boost global demand for industrial Ethernet chips. The COVID-19 outburst significantly impacted the Ethernet PHY chip industry, forcing foremost manufacturing plants to decrease output and shut down for an extended period. Because of the pandemic’s disturbance, several key component suppliers and technology providers compact their expenses and production in some areas. Furthermore, novel economic and technological trends posed new challenges to ICT development. As a consequence, industry players began working feverishly on countermeasures and alternatives to lessen the impact. However, the Ethernet PHY Chip market is returning to usual, and revenue is gradually growing.

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Ethernet PHY Chip Market Key Players

Some of the key market players are

• Cirrus Logic, Silicon Laboratories (U.S.)
• Intel Corporation (U.S.)
• Broadcom (U.S.)
• Texas Instruments Incorporated (U.S.)
• Microchip Technology Inc. (U.S.)
• Marvell (U.S.)
• NXP Semiconductors (The Netherlands)
• Davicom Semiconductor Inc. (Taiwan)
• Barefoot Networks (U.S.)

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Ethernet PHY Chip Market Regional Analysis

The Asia Pacific region financial statement for the largest market share. Factors such as the vast production and widening adoption of Ethernet PHY chip technology in individual electronic products, the region. Additionally, the high demand for consumer electronic devices, particularly automotive, medical, and wearable devices, increases the region’s Ethernet PHY chip market share.

North America holds the second-leading segment in the global Ethernet PHY chip market. The region is projected to grow at the fastest rate during the estimated period. Factors such as the acceptance of the latest communication network protocols and the need for high data transfer speeds in data centers affect the Ethernet PHY chip market share.

Europe derives a large share of the global Ethernet PHY chip market. The growth is driven by the rising healthcare industry in the UK, Germany, France, and Italy. Besides, vast spending in the defense and European space industry to get longstanding solutions for high-end, demanding devices support the growth of the regional market. Moreover, the existence of notable automakers and manufacturers of advanced semiconductors such as NXP Semiconductors impacts the growth of the market.

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Ethernet PHY Chip Market Segmentation

The global Ethernet PHY Chip Market has been segmented into Data Rate, Port, and application.

Based on Data Rate, the global Ethernet PHY Chip Market has been segmented into 10-100Mpbs, 100-1000 Mpbs, Greater than 100 Gaps  

Based on application, the global Ethernet PHY Chip Market has been segmented into Telecom, Consumer electronics, Automotive, Enterprise networking, and Industrial automation

Based on Port, the global Ethernet PHY Chip Market has been segmented into Single, and Double

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