Market Analysis

Market Research Future (MRFR) expects the global LAN cable market to reach USD 7,751.2 million at a CAGR of 5.02% from 2019 to 2025 (forecast period).

A LAN (local area network) cable is one of the hardware components necessary in a network to facilitate communication over a local network by connecting peripheral devices to a router or modem switch, which further connects to a local server. Copper cables connect peripheral devices like laptops and computers to routers, modems, and switches. Ethernet, which is specified as IEEE 802.3, is a computer networking technology that is extensively used for local area networks (LAN). Although LAN cables provide connectivity to a limited area, multiple LANs can be connected to form a broader network. Some of the most often used LAN cables in a network include CAT 5, CAT 5E, CAT 6, CAT 6A, CAT 7, and CAT 8 cables. The end-user can choose among the cables indicated above in a local network based on transfer speeds, bandwidth, and internet connectivity.

The increasing number of data centers throughout the world as a result of increased consumer electronics penetration, as well as the growing demand for high-speed data transfer in both industrial and commercial sectors, are some of the important drivers driving the global expansion of the local area network cable market share. Furthermore, the increased adoption of IoT-connected devices in various industries, as well as expenditures in IT infrastructure development, particularly in emerging nations, are expected to provide sufficient growth possibilities for market participants.

However, the usage of 5G in conjunction with private LTE and rising demand for wireless products are limiting the worldwide LAN cable market's growth. The expanding infrastructure and construction projects are offering opportunities for market expansion.

COVID-19 Impact on the Global LAN Cable Market

The introduction of a range of regulations by governments worldwide to deal with the COVID-19 outbreak, like a complete shutdown of manufacturing units, has been found to impact the development of the global LAN cable market.

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Market Segmentation

The global LAN cable industry has been segmented into type and application.

By type, the global LAN cable market has been segmented into CAT 6 Cable, CAT 6A Cable, CAT 7 Cable, CAT 5E Cable, CAT 5 Cable.

By application, the global LAN cable market has been segmented into office use, industrial use, and home use. 

Regional Analysis

By region, the global LAN cable market has been segmented into North America, Europe, Asia Pacific, and the Rest of The World.

North America is set to dominate the global LAN cable market. North America held the largest market value of 1,917.9 million in 2019. Asia Pacific is projected to register the highest CAGR of 5.8%.

Key Players

The Key Players of the Global LAN Cable Market include 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) among others.

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Summary

LAN Cable Market Research Report: By Type (CAT 6 Cable, CAT 6A Cable, CAT 7 Cable, CAT 5E Cable, CAT 5 Cable), Application (Office Use, Industrial Use, Home Use), By Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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