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LAN Cable Market Size & Share 2023-2030 Analysis by Key Players - Infinite Electronics International, Hitachi and General Cable Technology

02-20-2024 01:44 PM CET | IT, New Media & Software

Press release from: SNS Insider

LAN Cable Market

LAN Cable Market

LAN Cable Market Report Scope:

According to the latest SNS Insider report, the LAN Cable Market, valued at USD 5.88 billion in 2022, is projected to reach USD 8.68 billion by 2030, exhibiting a compound annual growth rate of 5% from 2023 to 2030.

LAN cables, serving as pivotal components within local networks, function as the lifelines that connect routers seamlessly to peripheral devices and local servers. These cables, meticulously categorized based on transfer speed and bandwidth, assume a critical role in establishing robust connectivity within confined spaces or seamlessly linking multiple LANs to form expansive and intricate networks. Their significance lies not only in facilitating data transfer but also in fostering a reliable and efficient communication infrastructure. The market scope for LAN cables is extensive, offering a diverse array of types, each precisely tailored to meet the distinctive needs of users. This diversity ensures that businesses, industries, and individuals can select the most suitable LAN cable variant, aligning with their specific requirements and contributing to the overall efficiency and resilience of their network infrastructure.

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Key Players Covered in this market report are:

Black Box Corporation
Infinite Electronics International
Dba Primus Cable
General Cable Technology
Huzhou Shumai Cable
Prysmian Group

Market Analysis:

The LAN Cable Market is currently experiencing robust growth, fueled by a confluence of factors that underscore its pivotal role in the evolving digital landscape. The escalating demand for high-speed data transfer is a primary driver, reflecting the modern imperative for swift and efficient communication across networks. As businesses and individuals increasingly rely on seamless connectivity, LAN cables emerge as indispensable enablers of this need, driving their heightened demand.

Simultaneously, the proliferation of data centers amplifies the necessity for reliable and high-performance networking solutions. These data hubs, central to the storage and processing of massive datasets, rely on LAN cables for efficient interconnectivity. The market's upward trajectory is further propelled by the expansion of infrastructure and construction projects globally. As urbanization and digital transformation sweep across industries, the demand for robust networking solutions surges, positioning LAN cables as foundational elements in this technological revolution.

Collectively, these factors create a fertile ground for significant opportunities within the LAN Cable Market. Industry players are poised to capitalize on the growing need for advanced networking infrastructure, offering solutions that cater to the escalating demands of businesses, institutions, and individuals alike. This upward trend not only signifies the market's current momentum but also underscores its resilience and potential for sustained growth in the ever-evolving landscape of connectivity solutions.

Segment Analysis Paragraph:

In terms of type, the Cat 6 Cable segment is positioned as the fastest-growing and most influential contributor to the LAN Cable Market. With backward compatibility and enhanced features, Cat 6 cables offer superior thickness, speed, and bandwidth compared to other types. In the application segment, the commercial sector is experiencing the highest growth, fueled by the increasing digitalization of offices, buildings, malls, and various sectors relying on LAN cables for efficient data transmission.

LAN Cable Market Segmentation as Follows:

Cat 6 Cable
Cat 6 A Cable
Cat 7 Cable
Cat 5 E Cable
Cat 5 Cable

Home Use
Commercial Use
Industrial Use

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Key Regional Development:

The LAN Cable Market is thriving in major regions, with North America dominating due to the escalating demand for fast data transfer and advanced infrastructures. Asia Pacific follows closely as the second-largest market, driven by increasing demand in developing economies like India, China, Japan, South Korea, and Indonesia.

Key Takeaways:

- The LAN Cable Market is on an upward trajectory, with the Cat 6 Cable segment and commercial applications leading the way.
- North America holds a commanding position, driven by the need for rapid data transfer and advanced infrastructure.
- Asia Pacific emerges as a significant market player, spurred by the rising demand for LAN cables in developing economies.

Recent Developments:

- On July 5, LS Cable & System announced the commercial sale of the world's smallest 10 Gigabit CAT.6A network cable, boasting an outside diameter of 6 mm.
- Cisco's groundbreaking 800G innovations, designed to revolutionize network economics and sustainability, have been unveiled.

Table of Content - Analysis of Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. LAN Cable Market Segmentation, By Type
9. LAN Cable Market Segmentation, By Application
10. Regional Analysis
11. Company Profiles
12. Competitive Landscape
13. Conclusion

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Contact Us:
Akash Anand - Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

About Us:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

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