ID: MRFR/SEM/8652-CR | 115 Pages | Published By Ankit Gupta on September 2020
The Global LAN Cable Market is expected to grow at USD 9.60 Billion in 2030, at 4.8% of CAGR between 2020 and 2030
The LAN Cable Market valuation is expected to grow from USD 5,778.9 Million in 2020 to USD 9.60 Billion in 2030, with a compound annual growth rate of 4.8% during the period of assessment.
A LAN cable is one of the hardware components of a network that is used to provide communication over a local network by connecting the router to all the peripheral devices and that router or modem is further connected to a local server. These copper cables connect laptops or computers with routers, modems, or switches. No doubt a LAN offers connectivity to a small area, but several LANs can be connected to create a bigger network. Based on transfer speed, internet connectivity, and bandwidth these cables are classified into various categories and the end-user can select one of these according to his requirements.
The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the LAN Cable Market. Due to this pandemic situation, restrictions were imposed by the government of different countries. No doubt due to the closure of manufacturing units the LAN cables were impacted badly to some extent but it is one of the few markets that have experienced positive growth opportunities during this covid-19 times. As every person was working from home and for the entertainment purposes was using online platforms which can only be operated efficiently if the person has good telecommunication network and that in turn increased the demand for such LAN cables which can help the person in transferring the data at a fast pace and not experience any kind of disruptions in their work. Also, these telecommunication, internet, and broadcasting & cable services, of which the LAN cable is an important component, are considered to be essential services and are exempted from any kind of lockdowns.
First of the rising demand for the establishment of data centers and making use of them at a very large scale by the business and government organizations is one of the many factors that are responsible for the growth of LAN Cable Market. Secondly, the rising demand for high-speed data transfer is another factor that may enhance the expansion of LAN Cable Market. Also, the increasing infrastructure and construction projects can indirectly, to some extent, be responsible for the growth of LAN Cable Market. Lastly due to their high durability and lower security threats in comparison to other networking techniques such as Bluetooth or Wi-Fi technologies are other elements that may be directly linked to the magnification of this industry. There were about 7600 data centers present worldwide in 2020 which will increase to 9800 centers by 2025
In this modern era where 5G is used in concurrence with private long-term evolution that is LTE is one of the vital elements that may hamper the growth of LAN Cable Market. Secondly, these cables cannot be carried everywhere by any person, they can be used while sitting at a single permanent place. So the rising demand for wireless products which can be carried where ever the person wants to take them is another factor that is acting as a barrier in the way of the growth of LAN Cable Market. Also, the installation cost associated with such cables is very high and it is another factor that may hinder the growth of the market.
The major issue related to these LAN cables is their portability and the researchers and key players are working on creating such type of small and portable device to which these LAN cables can be connected and used as the normal ones and can be carried along by the user with him anywhere he wants to. Also, taking into consideration the requirements of big data centers, the manufacturers are constantly trying to develop a kind of modem that can take the load of 5-6 modems and routers alone which in turn will prove to be cost-effective to many organizations and further enhance the use of LAN cables.
LAN cable market is anticipated to witness significant growth owing to the performance of different market segments. Among these, the CATEGORY 6 CABLE segment will be the fastest-growing and also contribute towards LAN Cable Market growth more than any other segment. These cables are twisted pairs for Ethernet and other network physical layers that are compatible with backward categories of cables such as category 5 & 5E cables or category 3 cable standards. Also, these cables are thicker, fast, and support higher bandwidths than any other category of cables. For an amplifying use the LAN Cable Market has been segmented into the following on different bases:
The LAN cable Makret movement is remarkably working in 6 major regions of the world that is North America, South America, Asia Pacific, Europe, and the Middle East & Africa. Among all these regions, the North American region will dominate LAN Cable Market, and the reason attributed to it is the increasing demand for fast transfer of data. Also due to presence of technically advanced infrastructures and the setting up of a large number of data centers to increase employment is another reason which will be responsible for the expansion of this industry in this region. The Asia Pacific will be the second-largest market due to the growing demand for these LAN cables in its developing economies like India, China, Japan, South Korea, and Indonesia.
To get a detailed and profound idea about the LAN cable market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of LAN Cable Market include:-
The LAN cable market report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The LAN Cable Market report discusses the impact of covid-19 on the key players of this market. The report also tells about the LAN Cable Market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in LAN Cable Market.
|Market Size||USD 9.60 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Black Box Corporation (US), Fiberstore (FS.COM Inc.) (US), OTSCable.com Co Ltd. (China), Infinite Electronics International Inc. (US), Belden Inc. (US), Hitachi Ltd. (Japan), Nexans SA (France), DBA Primus Cable (US), Huzhou Shumai Cable Co., Ltd. (China), LEONI AG (Germany), and General Cable Technology Corporation (US)|
|Key Market Opportunities||The increasing infrastructure and construction projects.|
|Key Market Drivers||
The LAN cable market CAGR would be 4.8% for the duration of 2020 to 2030.
Players mentioned in the report are Fiberstore (FS.COM Inc.) (US), OTSCable.com Co Ltd. (China), Black Box Corporation (US), Belden Inc. (US), LEONI AG (Germany), Hitachi Ltd. (Japan), Infinite Electronics International Inc. (US), Huzhou Shumai Cable Co., Ltd. (China), Nexans SA (France), DBA Primus Cable (US), General Cable Technology Corporation (US), and others.
LAN cable market valuation would go up to USD 9.60 bn by 2030.
North America has the chance to take charge of the LAN cable market.
Asia Pacific would mark growth by 5.8% CAGR during the forecast period of 2020 to 2025.