QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Ethernet Switch ICs- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Ethernet Switch ICs market, including market size, share, demand, industry development status, and forecasts for the next few years.
The global market for Ethernet Switch ICs was estimated to be worth US$ 4856 million in 2024 and is forecast to a readjusted size of US$ 8367 million by 2031 with a CAGR of 7.3% during the forecast period 2025-2031.
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The global Ethernet Switch ICs market continues to evolve as data infrastructure becomes increasingly central to cloud computing, AI acceleration, and hyperscale networking. According to the latest study, the market reached USD 4.86 billion in 2024 and is expected to increase to USD 8.37 billion by 2031, representing a CAGR of 7.26%. This expansion is closely aligned with the global demand for higher-speed Ethernet—from 25G/100G to 200G/400G and even 800G switch architectures—driven by AI clusters, edge computing, 5G deployments, and enterprise digital transformation. The market, historically dominated by <25G and 25G–100G devices, is now undergoing a profound shift toward higher-speed categories, fundamentally reshaping revenue distribution and competitive dynamics across the industry.
Figure00001. Global Ethernet Switch ICs Market Size (US$ million), 2025-2031
Source: QYResearch, “Ethernet Switch ICs – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
The competitive landscape is highly concentrated. Broadcom remains the undisputed global leader, with a 54.59% revenue share in 2024, expected to rise to 58.08% by 2030. Its Tomahawk, Trident, and Jericho product families dominate hyperscale cloud deployments, offering unmatched SerDes performance and rapid generation-to-generation improvements. Marvell follows with 12.95% share in 2024, projected to expand to 14.10% by 2030, supported by its Prestera and OCTEON switching SoC platforms and design wins in carrier and enterprise markets. Cisco, with 9.60% share in 2024, is expected to decline to 5.96% by 2030 as the company shifts focus from in-house silicon toward hybrid strategies that incorporate merchant silicon. NVIDIA (Mellanox) maintains stable performance around 7–8% share, supported by its Spectrum Ethernet portfolio designed specifically for accelerated computing clusters and AI networking. Microchip and Centec Communications contribute stable but modest shares, together accounting for about 5% of the market, with strengths in industrial, SMB, and cost-optimized data center switching.
Figure00002. Global Ethernet Switch ICs Top 6 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)
Source: QYResearch, “Ethernet Switch ICs – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
From a product-type perspective, the Ethernet Switch IC landscape is characterized by clear technology migration cycles. In 2020, the ≤25G and 25G–100G categories accounted for more than half of global revenue (over 50% combined). However, as cloud service providers and AI data centers scaled out their infrastructure, the market has steadily transitioned toward 100G–400G and especially 400G+ switch silicon. Revenue from ≤25G ICs decreased from 25.63% of global sales in 2020 to only 18.69% in 2024, and is forecast to decline to approximately 9.34% by 2031, reflecting their commoditization and integration into low-end enterprise and industrial networking devices. The mid-tier 25G–100G segment follows a similar trajectory, declining from 25.01% in 2020 to 11.29% by 2030, as cloud data centers accelerate migration to 100G-based fabrics and spine-leaf architectures.
In contrast, the 100G–400G category remains the backbone of the switch IC market, contributing the largest revenue share from 2020 to 2026. Although its percentage share moderates slightly from 47.31% in 2020 to 41.49% in 2024, revenue continues to expand, reaching a forecasted USD 3.03 billion in 2030. This segment includes the dominant chips deployed in hyperscale data center leaf/spine layers and is supported by strong demand for 100G SerDes and 112G PAM4 SerDes–based architectures.
Meanwhile, the 400G+ segment is the fastest-growing, rising from USD 55 million in 2020 to USD 921 million in 2024, and projected to reach USD 3.24 billion in 2030, representing over 40% of market revenue by that year. This rapid expansion is driven by the surge in AI networking requirements, large-scale GPU clusters, and the adoption of 25.6T and 51.2T switching platforms across cloud service providers.
Figure00003. Ethernet Switch ICs, Global Market Size, Split by Product Segment
Source: QYResearch, “Ethernet Switch ICs – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
On the application side, the global market is experiencing a rising divergence between Commercial and Self-developed (in-house) Ethernet Switch IC solutions. Commercial ICs—supplied by Broadcom, Marvell, Microchip, Centec, and others—continue to dominate, contributing 86.92% of total 2024 revenue and projected to reach over 92% by 2031. This reflects the growing trend of enterprises, telecom operators, and cloud providers outsourcing hardware innovation to specialized semiconductor vendors instead of relying on proprietary chip design teams. Conversely, Self-developed ICs, traditionally led by Cisco (UADP), Huawei (Solar series), and some hyperscalers experimenting with custom silicon, have gradually declined in share—from 18.37% in 2020 to only 13.08% in 2024, and expected to fall below 8% by 2031. This decline is primarily due to the escalating complexity and cost of developing advanced switching silicon (especially 7nm and 5nm SerDes-intensive ICs), which makes custom ASIC development economically challenging.
Figure00004. Ethernet Switch ICs, Global Market Size, Split by Product Segment
Source: QYResearch, “Ethernet Switch ICs – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
Technology evolution across the Ethernet switch silicon industry is heavily shaped by the SMCI, AI networking boom, and hyperscale cloud requirements. The shift from 100G toward 200G, 400G, and 800G Ethernet is accelerating, making high-density, low-latency SerDes the core differentiator in advanced ICs. The transition to 112G PAM4 SerDes underpins the performance leap in 12.8T, 25.6T, and 51.2T switch chips, while the next stage—224G PAM4—is beginning to emerge for 2030+ products. These developments require advanced foundry nodes (5nm, 3nm), chiplet architectures, 2.5D interposers, and co-packaged optics (CPO), all of which will further consolidate the market toward vendors capable of managing high R&D intensity. As a result, merchant silicon suppliers—especially Broadcom and Marvell—are increasingly pulling ahead of custom ASIC developers, reinforcing the observed market-share trends.
Geographically, growth is distributed across North America, Europe, and Asia-Pacific, with APAC emerging as the largest consumer of switch ICs due to China’s rapid cloud expansion, Japan’s enterprise refresh cycles, and India’s digital infrastructure development. North America remains the technological frontier, driven by hyperscalers such as Amazon, Google, Microsoft, and Meta, which are the earliest adopters of 400G/800G switching architectures. Meanwhile, Europe exhibits moderate but stable growth, with increased investment in digital sovereignty, green data centers, and 5G core networks.
In summary, the Ethernet Switch ICs market is entering a structural shift toward very-high-speed switching devices, driven by cloud-scale AI workloads and next-generation data center architectures. While legacy segments such as ≤25G and 25G–100G shrink in relative importance, the 100G–400G and 400G+ segments will dominate revenue through 2031. Competitive advantages will increasingly depend on SerDes innovation, power efficiency, optics integration, and advanced manufacturing nodes. The ecosystem is consolidating, with Broadcom, Marvell, and NVIDIA positioned as long-term winners, while self-developed solutions continue to lose share due to soaring development complexity. With a projected CAGR of 7.26%, the market will remain one of the fastest-growing semiconductor segments associated with the digital infrastructure and AI revolution.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Ethernet Switch ICs market is segmented as below:
By Company
Broadcom
Marvell
Cisco
NVIDIA (Mellanox)
Microchip Technology
Centec Communications
Intel
Infineon Technologies
Realtek
Segment by Type
≤25G
25G–100G
100G–400G
400G+
Segment by Application
Data Center
Enterprise Networking
Telecom Ethernet
Automotive & Industrial Ethernet
Others
Each chapter of the report provides detailed information for readers to further understand the Ethernet Switch ICs market:
Chapter 1: Introduces the report scope of the Ethernet Switch ICs report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Ethernet Switch ICs manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Ethernet Switch ICs market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Ethernet Switch ICs in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Ethernet Switch ICs in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Ethernet Switch ICs competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Ethernet Switch ICs comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Ethernet Switch ICs market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
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