LAN Cable Market Opportunities, Revenue Analysis and – Forecasts from 2020 to 2030

Market Overview

The LAN Cable Market is expected to grow at a CAGR of 4.8% reaching a valuation of  USD 9.60 Billion during the forecast period. The LAN Cable Market Value was recorded at USD 5,778.9 Million during the historic forecast period. A LAN cable is a network hardware component that connects the router to all peripheral devices on a local network, and that router or modem is then connected to a local server. These copper cables connect routers, modems, and switches to laptops or desktops. A LAN provides access to a local region, but numerous LANs can be linked together to form a larger network. These cables are categorized into numerous categories based on transfer speed, internet connectivity, and bandwidth, and the end-user can choose one that best suits his needs.

One of the major factors driving the growth of the LAN Cable Market is the rising demand for data centers and their widespread use by businesses and government organizations. Another aspect that may boost the growth of the LAN Cable Market is the increased need for high-speed data transfer. Indirectly, the growing infrastructure and development projects might also contribute to the expansion of the LAN Cable Market. Finally, in comparison to other networking strategies such as Bluetooth or Wi-Fi technologies, they have higher durability and reduced security threats, which may be directly linked to the industry’s growth.

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Market Segmentation

Based on the type, the global LAN Cable Market has been segmented into cat 6 cables, cat 6a cables, cat 5 cables, cat 5e cables, and cat 7 cables.

Based on the application, the global LAN Cable Market has been segmented into office use, industrial use, and home use.

Based on the region, the global LAN Cable Market has been segmented into North America, South America, Asia-Pacific, Europe, and the Middle East & Africa.

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Regional Classifiaction

The increasing demand for rapid data transfer will propel the North American area to the forefront of the LAN Cable Market. Another factor for the rise of this industry in this region is the availability of technically advanced infrastructures and the establishment of a significant number of data centers to increase employment. North America held the ethernet cable market share during the historic forecast period, and the fiber optic cable segment is expected to increase at a substantial rate during the forecast period. Due to the rising demand for these LAN cables in developing economies such as India, China, Japan, South Korea, and Indonesia, the Asia-Pacific will be the second-largest market. However, by the end of the projected period, Asia-Pacific is expected to increase significantly, followed by Latin America and the Middle East in the LAN Cable Market.

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Industry News

The major key players in the LAN Cable Market are 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), DBA Primus Cable (US), Nexans SA (France), LEONI AG (Germany), Huzhou Shumai Cable Co., Ltd. (China), and General Cable Technology Corporation (US).

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