Latin America Copper Cable Market for LAN Application to Reach $203.35 Million, by 2023 at 12.55% CAGR, Says Allied Market Research
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Rise in demand for data, rapid improvement in cable technology, and easy installation and connection have boosted the growth of the Latin America copper cable market. However, negative impact of internet of things hinders the market growth. On the contrary, surge in demand for high-speed connectivity devices and systems and continuous expansion of communication sector are expected to create remunerative opportunities for the market players in the coming years.
North America dominates this market presently, followed by Europe. However, Asia-Pacific is expected to have the highest CAGR throughout the forecast period. Factors such as growth in demand for data, improved cable technology, and easy installation & connection drives the Latin America copper cable market for LAN application. However, negative impact of Internet of Things (IoT) hampers the growth of the market.
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In 2016, the CAT 6 cable dominates the Latin America copper cable market for LAN application in type segment, in terms of revenue. Furthermore, based on application, industrial applications led the Latin America market followed, by commercial in 2016. However, residential application segment is expected to depict highest CAGR throughout the forecast period.
Key Findings of the Latin America Copper Cable Market:
• CAT 6 cable type generated the highest revenue of the Latin America copper cable market for LAN application in 2016.
• In 2016, the industrial application generated the highest revenue among the Latin America copper cable market for LAN application in application segment.
• Argentina is anticipated to exhibit the highest CAGR during the forecast period.
• In 2016, Rest of Latin America (Except Brazil, Argentina, and Mexico) contributed the highest market shares in the Latin America copper cable market for LAN application followed by North America.
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The key players profiled in the report include Belden Inc., Commscope, General Cable Technologies Corporation, Hitachi, ltd., Nexans, Induscabos Electricos, Prysmian group, Leviton Manufacturing Co., Inc., Siemon, and Panduit.
Growth in demand for data, improved cable technology, easy installation & connection, negative impact of Internet of Things (IoT), surge in demand for high-speed connectivity devices, and continuous expansion of communication sector are the significant factors that impact the growth of the Latin America copper cable market for LAN application. These factors are anticipated to either drive or hamper the market.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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