China Router and Switch Market is Growing at a CAGR of 3.9% in 2021-2027
Published | 11 October 2021
China router and switch market is poised for a moderate growth. The market is growing at a CAGR of 3.9 % during the forecast period (2021-2027). Market drivers include the convergence of business and residential networks, the growth of cloud computing, the popularity of internet-enabled devices, and a rising trend toward virtualization. Moreover, the overwhelming use of Gigabit Ethernet is poised to revolutionize the state of the industry..
A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the China router and switch market is growing at a CAGR of 3.9 % during the forecast period (2021-2027). The increasing use of high-speed Gigabit Ethernet, combined with the growing acceptance of PoE (Power over Ethernet) for various applications and the convergence of residential and business networks, is creating a paradigm shift in the industry. As the demand for internet-enabled devices rises, cloud networking development becomes more advanced, and virtualization technologies are adopted. Moreover, demand for enterprise WLAN equipment is expected to increase due to the proliferation of Wi-Fi technology.
Increasing residential and private sector Internet usage is driving the market's growth
As one of the world’s largest economies, China has a large industrial base. Hence, the need for routers and switches is inevitable since a stronger and bigger network is required to support the large economy, which cannot be satisfied by chipsets alone. In addition, the whole nation is so in tune with technology that it is among the leading mobile app developers in the world. In addition, the increase in the use of the internet and media is contributing to heavy network and connectivity traffic.
China Router and Switch Market: By Product
Based on products, the China router and switch market is categorized internet exchange router, service provider core router, multiservice edge router, ethernet service edge router, and atm switch. Out of these, the multiservice edge products is likely to be the fastest-growing segment during the forecast period. The carrier-class multiservice edge products are developed and optimized to deliver interactive, data, phone, and video content. Combining BRAS, Ethernet aggregation, and IP/MPLS Provider Edge (PE) functionality on a single small platform simplifies and consolidates the edge of the service provider network. Multiservice edge devices enable a wide range of gateway-routing protocols on the outside and inside, as well as high-performance multicast routing. It's ideal for high-performance IP routing applications like service routing, edge aggregation, and peering.
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Impact of COVID-19
As a result of the pandemic, many industries have temporarily been sealed off to prevent public infection. Wuhan in China is said to be the origin of the outbreak. Therefore, the businesses and industries in this region were affected the most. Several industries have faced losses in the meantime as there were meager to no turnovers. On the other hand, electrical and related industries like semiconductors, consumer electronics, and data centers & communications infrastructure witnessed an increase in demand during the coronavirus outbreak. Additionally, the industry is expected to remain afloat due to continuous strategic investments made to support the rise of network traffic and data usage during the lockdown phase, when work from home was used at the international level.
Competitive Landscape
There are plenty of players in China's router and switch market, which is highly fragmented. Companies active in new product development, expansion, and acquisition remain competitive. Moreover, major players are expanding their global footprint by acquiring foreign companies. Some key players in the China router and switch market are Lucent, Avici Systems, Cisco Systems, Inc., ECI Telecom, Ericsson, Extreme Networks, Actelis Networks, ADTRAN Inc, ADVA Optical Networking SE, Force, Networks, ZTE Corporation, RAD Data Communication Networks, Hatteras Networks, Inc., MRV Communications Inc., Telco Systems, Huawei Technologies Co. Ltd., Juniper Networks, Tellabs Inc., among various others.
In June 2020, Xiaomi announced the launch of the Redmi AX5 Wi-Fi 6 router. The router supports Wi-Fi 6 connectivity. The router was available in China, and its pre-sales commenced on June 10, 2020. The router features four independent signal amplifier antennae to provide better network coverage. The company also stated that the router is specially designed for smart homes, and it is promoted to provide stable connections for up to 128 Wi-Fi-enabled devices.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the China router and switch market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the China router and switch market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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