LAN Cable Market
The LAN cable market is predicted to display 5.02% CAGR from 2020 to 2025, as per the latest report by Market Research Future (MRFR). It is expected to reach a value of USD 7,751.2 million by 2025. MRFR’s report on the industry covers evolution of cables amid the growing demand for internet services for the forecast period (2020-2027). The COVID-19 outbreak and its implications are included in the report.
Market Scope
The global LAN cable market is predicted to display stellar growth owing to establishment of data centers and use of LAN cables to exchange information within the unit. Focus on application performance and building a digital roadmap using clouds can drive market growth. Enterprises can reduce data costs and support remote working for employees. Provisions of interconnectivity to employees due to benefits of colocation and support agile frameworks can augur favorably for the market.
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COVID-19 Impact
The COVID-19 pandemic is expected to boost the demand for LAN cables owing to reliance on hi-speed internet for conducting work, transactions, and communication exchanges with international clients. Rise of spending by enterprises to fortify their hardware stations can drive the market demand.
Segmentation
CAT 6 Cables to Dominate Market Demand
By type, the market has been segmented into CAT 5 cable, CAT 6 cable, CAT 6A Cable, CAT 5E Cable, and CAT 7 Cable. The CAT 6 cable segment accounted for the largest market share of 30.5% in 2018 with a market value of USD 1,692.0 million. It is expected to register a CAGR of 4.4% during the forecast period due to being thick in nature and supporting higher bandwidth. Category 6 cable (CAT 6) is a twisted pair cable for Ethernet and other network physical layers, with backward compatibility for category 5/5e and category 3 cable standards. This category is used as a cabling infrastructure for 100BASE-TX (fast Ethernet), 1000BASE-T (gigabit Ethernet), 10BASE-T (Ethernet), and 10GBASE-T (10-gigabit Ethernet, or 10 GbE) networks. On the other hand, the CAT 6A cable segment was the second-largest market in 2018 valued at USD 1,502.7 million.
Commercial Applications to Take Lead in Global Market
The commercial segment is expected to take the lead in the global LAN cable market owing to use of LAN cables for transfer of information and rise of commercial offices and buildings. LAN cables can transmit data seamlessly due to their reliability compared to other cables. Recently, Belden launched product line extensions to lower installation costs and improve speeds.
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Regional Analysis
North America to Gain Maximum Share of LAN Cable Market
North America is estimated to capture a large chunk of the global LAN cable market. It can register 4.79% CAGR over the forecast period. This is attributed to establishment of new office workspaces and launch of consumer electronics compatible with LAN cables. LAN cables can provide internet services and provide dependable streaming speeds.
APAC to Capture Significant Market Share
APAC is expected to capture a significant market share owing to huge demand for seamless internet services and rapid pace of industrialization in China, Taiwan, India, Australia, North Korea, South Korea, and Indonesia. Establishment of data centers and rise of digital developments can propel market growth significantly.
Competitive Analysis
LEONI AG (Germany), Fiberstore (FS.COM Inc.) (US), General Cable Technology Corporation (US), Black Box Corporation (US), Nexans SA (France), OTSCable.com Co Ltd. (China), Infinite Electronics International Inc. (US), Hitachi Ltd. (Japan), DBA Primus Cable (US), Huzhou Shumai Cable Co., Ltd. (China), and Belden Inc. (US) are key players in the global LAN cable market.
Industry News
The CAT 8 LAN cable by Vabogu has a double shield and provides protection from interference, noises, and crosstalk.
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