LAN Cable Market Subjected to Expand to Showcase Rampant Growth by 2025
Market Overview
Global LAN
Cable Market is
expected to reach USD 7,751.2 Million by 2025 at a CAGR of 5.02% during the
forecast period. Market Research Future (MRFR), in its report, envelops
segmentation and drivers to provide a better glimpse of the market in the
coming years. A LAN Cable is an electronic device that is used to detect
several types of gases to measure gas concentration and levels of toxicity. LAN
Cables used for applications in industrial processes, environmental monitoring,
aerospace and defense, automotive exhaust and transportation, smart cities and
smart homes, HVAC applications, among others.
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Competitive Analysis
The
Key Players of the Global 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),
Nexans SA (France), DBA Primus Cable (US), Huzhou Shumai Cable Co., Ltd.
(China), LEONI AG (Germany), and General Cable Technology Corporation (US).
- In August 2019, L-COM launched
Cat6 and Cat6a Plenum +105°C, 28AWG, shielded, slim Ethernet patch cords
that are designed to offer solutions for high-density patching
applications and for applications that require a smaller, more flexible
cable. It has a temperature range of -20°C to +105°C that allows it to be
used in high-temperature applications.
- In September 2018, FS.COM Inc.
expanded its presence in Singapore to provide door-to-door services to
customers in Malaysia, Indonesia, Thailand, and the Philippines for cables
and accessories. This expansion also helped the company strengthen its
presence in the South-East Asian market.
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Segmental Analysis
Global LAN Cable
Market has been segmented based on Type, Application, and Region.
Based
on Type, the market has been classified into CAT 6 Cable, CAT 6A Cable, CAT 7
Cable, CAT 5E Cable, and CAT 5 Cable. These categories have different levels of
performance and thus affect the purchase of appropriate cable for the right
application. The CAT 6 cable accounted for the largest market share of 30.5% in
2018, followed by CAT 6A cable. Further, the CAT 7 cable is expected to
register the highest CAGR of 6.3% during the forecast period. CAT 7
cables are used for the cabling infrastructure of gigabit Ethernet. It offers
performance up to 600MHz. These cables are mostly used for wiring in smart
homes. These cables differ from preceding Ethernet cable standards, including
CAT 5 and CAT 6, in several ways. However, one of the greatest advantages of
CAT 7 cables is the shielding of its twisted pairs, which significantly improve
noise resistance. Moreover, these are highly durable and have a longer lifespan
than CAT 5 and CAT 6 cables.
By Application, the Global LAN Cable Market
is segmented into home use, office use, and industrial use. LAN cables can
deliver internet data or information to the end-users via physical RJ45 patch
cables, behaving similarly to an Internet cable. The office use segment
accounted for the largest market share of 41.1% in 2018. On the other hand, the
industrial use segment is expected to register the highest CAGR of 5.8%. LAN
cables have significant applications in homes and offices. However, the use of
these cables is increasing in the industrial sector. Using LAN cables, many
manufacturing plants are connected to the Internet. The ability to access a
single part of a network reduces downtown periods and ensures continued
productivity. The primary failure of this cable is related to signal transmission
issues, which are directly related to the quality of materials and
manufacturing processes. LAN cables help the manufacturing experts to enable
the development of customized solutions to overcome a client’s challenges by
connecting to a high range network.
The global LAN cable
market, by region, has been segmented into North America, Europe, Asia-Pacific,
and the Rest of the World. North America accounted for the largest
market value of USD 1,917.9 million in 2019 and is expected to register a
CAGR of 4.8% during the forecast period. Asia-Pacific is projected to register
the highest CAGR of 5.8%.
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