Global LAN Cable Market growing at a CAGR of 13.7% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
According to a recent report by Consegic Business Intelligence, the LAN cable market is poised for strong expansion and is expected to reach USD 38,327.68 Million by 2030. The market, which was valued at USD 13,972.03 Million in 2022, is predicted to grow at a compound annual growth rate of 13.7% during the period 2023-2030.
The report highlights the increasing demand for high-speed internet for data transmission. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the LAN cable market.
Global LAN Cable Market By Overview
Consegic Business Intelligence Pvt. Ltd. provided an inclusive research report on the LAN cable market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The report analyses significant segments such as type, cable type, cable category, application, and region, to identify emerging trends and potential opportunities. The application segment is expected to grow owing to increasing demand for high-speed internet for data communication. By leveraging this information, market players have the opportunity to improve their competitive edge against other manufacturers by engaging in strategic collaborations, mergers, and acquisitions, and introducing innovative products to strengthen their market position.
Get Free SampleMarket Dynamics
Driver:
- Increasing adoption Internet of Things (IoT) technology is accelerating the growth of the LAN cable market.
- Rising demand for high-speed internet for data transmission is promoting the growth of LAN cable market.
Restraints:
- High initial cost is hindering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Copper Cable and Fiber Optic Cable |
| By Cable Type | Shielded and Unshielded |
| By Cable Category | CAT 5e, CAT 6, CAT 6A, CAT 7, and Others |
| By Application | Residential, Commercial, and Industrial |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as NEXANS, Black Box, Huzhou Shumai Cable Co., Ltd., Hitachi Ltd., FS.com INC, DBA Primus Cable, OTSCable.com Co Ltd., Infinite Electronics, International Inc., Belden Inc., Leoni AG, Relemac, Eaton have a strong market position in current market circumstances. Further, the LAN cable market is expected to witness significant growth in coming years due to increasing technological developments including 5G technology. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in LAN cable are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- NEXANS
- Black Box
- Huzhou Shumai Cable Co., Ltd.
- Hitachi Ltd.
- FS.com INC
- DBA Primus Cable
- OTSCable.com Co Ltd.
- Infinite Electronics International Inc.
- Belden Inc.
- Leoni AG
- Relemac
- Eaton
