LAN Cable Market Analysis and Global Forecast 2021-2034

LAN Cable Market Overview

The LAN Cable Market size accounted for USD 6.85 Billion in 2023 and is estimated to account for 7.21 Billion in 2024. The Market is expected to reach USD 32.66 Billion by 2034 growing at a compound annual growth rate (CAGR) of 11.87% from 2024 to 2034. A LAN cable is one of the hardware components used in a network to link peripheral devices to a router or modem switch, which then connects to a local server. These are copper cables that connect routers, modems, and switches to peripheral devices like laptops and computers. Ethernet, which is specified as IEEE 802.3, is a computer networking technology that is extensively used for local area networks (LANs). Although LAN cables provide connectivity to a limited region, multiple LANs can be linked together to form a broader network.

Global LAN Cable Market Synopsis

LAN Cable Market Dynamics

The major factors that have impacted the growth of LAN Cable are as follows:

Drivers:

Ø  Increasing demand from high-speed data center

The need for e-learning, binge television, and fast data transmission devices has resulted in a huge demand for LAN cables and internet and network connectivity become essential for a company’s or industry’s growth. LAN cables give higher speed than alternative networking techniques such as Wi-Fi or Bluetooth technology, which drives their demand around the world and positively impacts market growth.

Restraint:

• Raw Material Price Volatility

The production of tires is mostly reliant on a number of raw ingredients, such as carbon black, synthetic and natural rubber, and additional chemicals. Geopolitical tensions, supply chain interruptions, and shifting crude oil prices are just a few of the variables that can cause these materials’ prices to fluctuate dramatically. For example, because natural rubber is mostly imported from particular areas (such as Southeast Asia), production levels may be impacted by natural catastrophes and climate change.

Opportunity:

⮚     Growth of Online Sales and E-commerce

The digital transformation of retail has opened new channels for tire sales. The growth of e-commerce allows tire manufacturers and retailers to reach a broader audience by offering online purchasing options. This trend is particularly attractive to tech-savvy consumers who prefer the convenience of shopping from home. Developing user-friendly websites and mobile applications, providing detailed product information, and offering home delivery or installation services can enhance customer experience and drive sales growth.

LAN Cable Segment Overview

By Type

Based on Type, the market is segmented based on Cat 6 Cable, Cat 6a Cable, Cat 7 Cable, Cat 5 Cable And Cat 5e Cable. Cat 5e cable segment dominates due to its widespread use in various applications, offering enhanced performance over its predecessor, Cat 5, while maintaining cost-effectiveness for vehicle wiring and communication systems.

By End User

Based on End Users, the market has been divided into the Home Use, Office Use, Industrial Use. home use segment typically dominates, driven by the high volume of passenger vehicles owned by consumers. This segment benefits from continuous demand for replacement tires as personal vehicle ownership remains prevalent.

Global LAN Cable Market Regional Analysis

Based on region, the global LAN Cable market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the LAN Cable market followed by the Asia-Pacific and Europe regions.

Global LAN Cable North America Market

North America holds a dominant position in the LAN Cable Market. North America dominates the LAN Cable market, due to the surge in use of high-reliability networks with low-security concerns. Furthermore, the North American Ethernet cable sector is expected to grow during the forecast period. The spike in demand for Internet of Things (IoT) systems in North America is projected to drive the Ethernet cable market in this region.

Global LAN Cable Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the LAN Cable industry. The growing urbanization, rising internet penetration, data center construction, and smart city efforts are driving the considerable growth of the Asia-Pacific LAN cable market. Countries like China, India, and Japan are key contributors, with increased demand for high-speed internet and network infrastructure. Furthermore, the market is being driven by the increasing uptake of IoT and cloud computing technologies, which is giving manufacturers the chance to innovate and satisfy the region’s changing connection needs.

Competitive Landscape

The global LAN Cable market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as Type launches, and strategic alliances.

Prominent Players:

• Black Box Corporation
• Fiberstore (FS.COM Inc.)
• Com Co Ltd.
• Infinite Electronics International Inc.
• Belden Inc.
• Hitachi Ltd.
• Nexans
• DBA Primus Cable
• Huzhou Shumai Cable Co., Ltd
• LEONI

Key Development

April 2019: Hitachi cable launched specific category 6a indoor and outdoor pl-enumerated cables, which is specifically designed for wet places and plenum spaces. These cables have improved the electrical performance, which is important to support 10 gigabit Ethernet.

December 2019: A line extension product named q4 was launched by BELDEN Inc to improve the cable and connectivity solutions. The focus of their launch was to help end-users with minimized costs and speeding the process of installation. It can be installed with single port modularity, allowing a quick & cost-effective repair when the connection is to be replaced.

Scope of the Report

Global LAN Cable Market, by Type

• Cat 6 Cable
• Cat 6a Cable
• Cat 7 Cable
• Cat 5 Cable
• Cat 5e Cable

Global LAN Cable Market, by Application

• Home Use
• Office Use
• Industrial Use

Global LAN Cable Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2034: USD 32.66  Billion
CAGR (2021-2034)	11.87%
Base year	2023
Forecast Period	2021-2034
Historical Data	2021 (2017 to 2020 On Demand)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, End User
Geographies Covered	North America, Europe, Asia-Pacific, South America, Middle East, Africa.
Key Vendors	Black Box Corporation, Fiberstore (FS.COM Inc.), Com Co Ltd., Infinite Electronics International Inc., Belden Inc., Hitachi Ltd., Nexans, DBA Primus Cable, Huzhou Shumai Cable Co., Ltd, LEONI
Key Market Opportunities	·       Rising construction and infrastructure projects.
Key Market Drivers	·       Increase demand for high-speed data transfer and rising number of data centers.

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future LAN Cable market trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities in the future
• LAN Cable market historical market size for the year 2022, and forecast from 2021 to 2034
• LAN Cable market share analysis at each Type level
• Competitor analysis with detailed insight into its Type segment, Government & Defense strength, and strategies adopted.
• Identifies key strategies adopted including Type launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
• To identify and understand the various factors involved in the global LAN Cable market affected by the pandemic
• To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, Type offering, recent developments, SWOT analysis, and key strategies.