Global Local Area Network (LAN) Cable Market, By Type (Copper Cable and Fiber Optic Cable), Cable Category (CAT 6 Cable, CAT 6A Cable, CAT 7 Cable, CAT 5E Cable, CAT 5 Cable), Application (Residential, Commercial, and Industrial), Cable Type (Shielded and Unshielded), Cable Form (Solid Ethernet Cable and Stranded Ethernet Cable) – Industry Trends and Forecast to 2031.
Local Area Network (LAN) Cable Market Analysis and Size
The local area network (LAN) cable market is advancing with innovations in high-speed data transmission, enhanced security, and PoE technology. The latest methods include Cat8 cables for faster speeds and reduced latency. Growth is driven by increasing data centers and IoT devices, demanding efficient, reliable networks. Emerging technologies such as fiber optics further boost the market's expansion.
The global local area network (LAN) cable market size was valued at USD 14.3 billion in 2023 and is projected to reach USD 21.29 billion by 2031, with a CAGR of 5.10% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Copper Cable and Fiber Optic Cable), Cable Category (CAT 6 Cable, CAT 6A Cable, CAT 7 Cable, CAT 5E Cable, CAT 5 Cable), Application (Residential, Commercial, and Industrial), Cable Type (Shielded and Unshielded), Cable Form (Solid Ethernet Cable and Stranded Ethernet Cable)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Black Box (U.S.), Otscable (Taiwan), Infinite Electronics International, Inc. (U.S.), Belden Inc. (U.S.), NEXANS (France), Proterial, Ltd. (Japan), Primus Cable (U.S.), Southwire Company, LLC. (U.S.), FURUKAWA ELECTRIC CO., LTD. (Japan), Rohde & Schwarz (Germany), Microsemi (U.S.), Extreme Networks (U.S.), Lanner (U.S.), LS Cable & System Ltd. (South Korea)
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Market Opportunities
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Market Definition
A local area network (LAN) cable, also known as an ethernet cable, connects devices such as computers, routers, and switches within a limited area, such as a home, office, or building. It enables high-speed data transfer and communication between connected devices, ensuring reliable and efficient network performance for tasks such as internet access, file sharing, and gaming.
Local Area Network (LAN) Cable Market Dynamics
Drivers
- Rise in Internet Usage
The surge in global internet usage, fueled by the demand for high-speed internet and efficient data transfer, significantly boosts the need for reliable LAN cables. For instance, during the COVID-19 pandemic, the shift to remote work and online education led to a dramatic increase in internet usage, highlighting the necessity for robust LAN infrastructure to support uninterrupted and high-speed connectivity. This trend drives the growth of the LAN cable market.
- Growth in IT and Telecom Sector
The continuous growth and advancements in the IT and telecom sector significantly drive the LAN cable market. With increasing data traffic, companies seek high-quality LAN cables for better connectivity and performance. For instance, telecom companies upgrading their infrastructure to support 5G technology require extensive LAN cabling for efficient data transfer. This demand for improved network solutions fuels the LAN cable market, ensuring robust and reliable connections.
Opportunities
- Emergence of 5G
The emergence of 5G, though primarily wireless, necessitates extensive backhaul infrastructure for data transfer between cell sites. High-performance LAN cabling is crucial for this purpose. For instance, telecom companies upgrading to 5G must deploy robust LAN cables to ensure seamless connectivity and data flow. This demand for reliable, high-speed cabling solutions significantly drives the LAN cable market as 5G networks expand globally.
- Expansion of E-commerce and Online Services
The growth of e-commerce and online services hinges on reliable network infrastructure such as LAN cables, crucial for seamless operations. For instance, online retail platforms require stable connections to manage transactions and ensure customer satisfaction. Robust LAN cables facilitate efficient data transfer and support high-speed internet, enabling businesses to handle large volumes of transactions securely. This dependency drives the LAN cable market as companies invest in reliable networking solutions to sustain their online operations effectively.
Restraints/Challenges
- Security Concerns
Security concerns pose a significant barrier to LAN cable adoption despite their perceived security advantage over wireless networks. With cyber threats becoming more sophisticated, the need for robust security measures in both wired and wireless setups increases, discouraging potential users from adopting LAN cables due to heightened risks and vulnerabilities.
- High Cost of Installation
LAN cable installation's high cost and complexity, demanding skilled labour and specialized infrastructure, often dissuade organizations from opting for wired networks. This obstacle is particularly pronounced in environments valuing mobility and flexibility, where the perceived benefits of wired setups may not justify the substantial investment and operational disruption involved.
This marketreport provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In July 2023, Nexans bolstered its offshore wind and interconnection market presence by introducing a third cable laying vessel. This strategic expansion aims to meet rising electrification demands in American and European markets. The decision follows substantial contract awards, including EURO 1.82148 billion from TenneT and EURO 1.53219 billion for the EuroAsia Interconnector project, underscoring a robust project backlog and Nexans' commitment to enhancing global connectivity infrastructure
- In April 2023, Black Box Limited finalized the acquisition of GSN Australia through its subsidiary, Black Box Technologies Australia Pty Ltd. This acquisition strengthens Black Box's footprint in the Australian market, enhancing its capabilities in delivering technology solutions and services
Local Area Network (LAN) Cable Market Scope
The market, is segmented on the basis of type, cable category, cable type, cable form, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Copper Cable
- Fiber Optic Cable
Cable Category
- CAT 6 Cable
- CAT 6A Cable
- CAT 7 Cable
- CAT 5E Cable
- CAT 5 Cable
Application
- Residential
- Commercial
- Industrial
Cable Type
- Shielded
- Unshielded
Cable Form
- Solid Ethernet Cable
- Stranded Ethernet Cable
Local Area Network (LAN) Cable Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by type, cable category, cable type, cable form, and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to expand at a significant growth rate in the local area network (LAN) cable market due to increased demand for high-speed data transfer, ethernet LAN network cable and digital advancements across commercial, residential, and industrial sectors in the region.
North America is expected to dominate the local area network (LAN) cable market due to its advanced infrastructure. With robust technological capabilities, the region leads in LAN cable adoption, driving growth and innovation in networking solutions across various industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Local Area Network (LAN) Cable Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Black Box (U.S.)
- Otscable (Taiwan)
- Infinite Electronics International, Inc. (U.S.)
- Belden Inc. (U.S.)
- NEXANS (France)
- Proterial, Ltd. (Japan)
- Primus Cable (U.S.)
- Southwire Company, LLC. (U.S.)
- FURUKAWA ELECTRIC CO., LTD. (Japan)
- Rohde & Schwarz (Germany)
- Microsemi (U.S.)
- Extreme Networks (U.S.)
- Lanner (U.S.)
- LS Cable & System Ltd. (South Korea)
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