全球科技_交换机TAM介绍；2025 - 2026 年数据中心交换机受益于高速传输，预计同比增长 42%-Global Tech_ Switch TAM introduced; Data center switches to grow 42 YoY in 2025E_26E on high-speed transmission

Summary of Global Switch Market Conference Call Industry Overview - The conference call discusses the global switch market, focusing on data center switches and campus switches, with an emphasis on the impact of generative AI on demand and specifications [1][2][10]. Key Points Market Growth Projections - The global switch market is expected to reach US$54 billion in 2025 and US$66 billion in 2026, with data center switches projected to grow 42% YoY to US$38 billion in 2025 and 32% YoY to US$50 billion in 2026 [2][10]. - Data center switch ports shipment is anticipated to increase to 93 million units in 2025 and 144 million units in 2026, reflecting a 50% and 55% YoY growth respectively [2][10]. Demand for High-Speed Transmission - The demand for switches is shifting towards high-speed transmission due to the adoption of generative AI, with 800G switch value expected to grow 159% in 2025 and 92% in 2026 [1]. - Customized switch solutions are increasingly sought after to meet specific client needs across various AI application scenarios [1]. Campus Switches Stability - Campus switch ports volume is expected to remain stable, with a slight decline of -1% in 2025 and flat growth in 2026, primarily serving educational and small to medium business clients [11]. - The mix of switch types is projected to upgrade, with 25G and 100G switches increasing from 0.6% and 0.2% in 2024 to 0.7% and 0.3% in 2026 [11]. Revenue and Pricing Insights - Data center switch revenues are projected to grow significantly, with the average selling price (ASP) per port expected to rise from US$186 in 2023 to US$240 in 2026 [10]. - The overall revenue from switch ports is expected to increase from US$39.7 billion in 2023 to US$66.4 billion in 2026 [10]. Competitive Landscape - Key players mentioned include Ruijie, Huaqin, Hon Hai/FII, Arista, Dell, and Broadcom, indicating a competitive environment with various brands and technologies [3]. Additional Insights - The attach ratio of switch ports per GPU is projected to increase, indicating a growing need for high-performance computing solutions in data centers [16]. - The conference highlights the importance of adapting to technological advancements and client demands in the switch market, particularly in the context of AI and high-speed networking [1][10]. Conclusion - The global switch market is poised for significant growth driven by advancements in AI and high-speed transmission requirements, with data center switches leading the charge. The stability in campus switches suggests a mature market segment, while the competitive landscape remains dynamic with several key players vying for market share.