The LAN Cable Market Size was valued at USD 6.81 billion in 2023 and is expected to reach USD 9.91 billion by 2031 and grow at a CAGR of 4.81% over the forecast period 2024-2031.
A LAN cable is a network hardware component used to provide communication over a local network by connecting the router to all peripheral devices, and that router or modem is further connected to a local server. Copper cables are used to connect laptops or computers to routers, modems, or switches.The LAN (Local Area Network) cable market encompasses the global sector involved in producing, distributing, and selling cables utilized for local network connections. LAN cables serve as fundamental elements of networking infrastructure, facilitating data transmission within confined to medium-sized areas like residences, workplaces, educational institutions, and data centers. The market's momentum is fueled by escalating demands for high-speed internet connectivity, propelled by trends such as remote work, digitalization, cloud computing, and the Internet of Things (IoT). With increasing reliance on networked devices and applications by businesses and individuals, the quest for dependable and effective LAN cable solutions sees continuous growth. Various types of LAN cables are available in the market, including twisted pair copper cables (such as Cat5e, Cat6, and Cat7), fiber optic cables (single-mode and multi-mode), and coaxial cables, each tailored to distinct performance requisites and applications. Key players in the market encompass established cable manufacturers, telecommunications entities, and networking equipment suppliers. Furthermore, technological advancements like Power over Ethernet (PoE), Gigabit Ethernet, and innovations in cable design and materials contribute to market expansion. Nonetheless, the LAN cable market confronts challenges, including competition from wireless technologies like Wi-Fi and 5G, fluctuating prices of raw materials (such as copper and fiber optic materials), and environmental apprehensions associated with electronic waste disposal.
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KEY DRIVERS:
The surge in digital technologies has sparked a surge in data generation across various domains. From the interactions on social media platforms to the influx of sensor data from Internet of Things (IoT) devices, and from scientific research endeavors to financial transactions, data production is occurring at an unprecedented pace. This rapid expansion is fueled by a multitude of factors including the proliferation of the Internet of Things (IoT), the prevalence of cloud computing, the pervasive influence of social media, the flourishing realm of e-commerce, and the ongoing digitization of traditional industries. As the volumes of data continue to escalate, there arises an increasingly pressing demand for rapid transmission capabilities. Conventional methods of data transfer, such as reliance on physical storage devices or slower internet connections, prove insufficient in efficiently managing vast datasets. Businesses and organizations find themselves in need of real-time or near-real-time access to data to facilitate crucial decision-making processes, conduct in-depth analysis, and carry out other essential operations.
RESTRAINTS:
The emergence of Wi-Fi 6 and 5G technologies presents compelling alternatives to traditional wired infrastructure, challenging its dominance in network connectivity. Historically relied upon for its reliability and consistent performance, wired infrastructure faces competition from these wireless advancements, which offer enhanced speeds, reduced latency, and increased flexibility. Wi-Fi 6, with features like orthogonal frequency-division multiple access (OFDMA) and multi-user multiple input, multiple output (MU-MIMO), excels in congested environments, making it suitable for densely populated areas like stadiums and campuses. Similarly, 5G boasts unparalleled speeds and connectivity, poised to revolutionize industries such as healthcare and manufacturing with innovations like remote surgery and smart factories. This shift signals a transformative phase in network technology, with Wi-Fi 6 and 5G poised to reshape the connectivity landscape.
OPPORTUNITIES:
The development of faster cable categories like CAT 8 and beyond holds the promise of achieving even higher data transfer speeds. As technology advances, the demand for faster and more reliable internet connectivity increases, driving the need for improved infrastructure. CAT 8 cables, for instance, offer greater bandwidth and reduced interference, allowing for faster data transmission rates compared to previous cable categories. This development is crucial for meeting the rising demands of modern applications such as high-definition video streaming, online gaming, and large-scale data transfers.
CHALLENGES:
Environmental concerns regarding LAN cable manufacturing stem from the increasing awareness of electronic waste (e-waste) pollution caused by the disposal of outdated LAN cables. LAN cables are crucial components of network infrastructure and are frequently replaced or upgraded, leading to the accumulation of discarded cables contributing to environmental degradation. To combat this issue, LAN cable manufacturers are pressured to adopt sustainable practices and materials throughout their product lifecycle. This includes sustainable sourcing, prioritizing suppliers with environmentally responsible practices, implementing energy-efficient manufacturing processes to reduce greenhouse gas emissions, designing LAN cables with recyclable materials for easier disposal and recycling, and taking responsibility for the disposal and recycling of LAN cables through Extended Producer Responsibility (EPR) programs.
The coronavirus pandemic has harmed the majority of the LAN Cable Market's manufacturing, development, production, and logistics units. As a result of the pandemic situation, governments in various countries imposed restrictions. Without a doubt, the closure of manufacturing units hurt LAN cables, but it is one of the few markets that has experienced positive growth opportunities during this covid-19 period. As everyone was working from home and using online platforms for entertainment purposes, which can only be operated efficiently if the person has a good telecommunication network, the demand for such LAN cables increased, allowing people to transfer data at a faster rate while experiencing no disruptions in their work. Furthermore, these telecommunication, internet, and broadcasting & cable services, of which the LAN cable is an important component, are considered essential and are exempt from any type of lockdown.
IMPACT OF RUSSIAN-UKRAINE WAR
The conflict has triggered widespread disruptions in the supply chain, particularly within the telecom sector. Sanctions imposed on Russia have prompted companies like Apple, Nokia, and Ericsson to halt operations in the region, leading to ripple effects across supply chains, including those for LAN cables, given the significant role of these companies in the telecom industry. The war has raised concerns about shortages of critical materials essential for the technology sector, notably neon, vital for semiconductor manufacturing. Ukraine supplies approximately 70% of the world's neon, crucial for producing semiconductors found in various tech devices, including networking equipment like LAN cables. Prolonged conflict may exacerbate these shortages, impacting LAN cable production and related technologies. The telecom market, closely intertwined with the LAN cable market, has witnessed a notable impact on demand within Ukrainian and Russian markets due to sanctions and population displacement. This has led to an anticipated 14% year-on-year decline in the mobile device market in Eastern Europe, likely mirroring effects in sectors like LAN cables due to reduced demand for networking infrastructure. The conflict has exacerbated transportation and logistics hurdles, further burdening the supply chain. For instance, supplies from Asia now face challenges navigating around Russian airspace, leading to delays and increased shipping costs, which can impact LAN cable delivery and costs.
IMPACT OF ECONOMIC SLOWDOWN
The current global economic deceleration is having far-reaching impacts across various sectors, including the LAN Cable Market. Several key factors contribute to this slowdown's influence on the market dynamics. Firstly, the global economy is experiencing a reduction in growth rates due to ongoing battles against inflation, the fallout from Russia's conflict in Ukraine, and economic challenges in major economies such as the US, China, and the Euro area. This slowdown may lead to decreased demand for a wide range of products and services, including those related to LAN cables, as companies and consumers may delay or reduce spending on technology and infrastructure projects. Secondly, inflation remains a significant concern globally, prompting tighter monetary policies, which could dampen economic activity by raising borrowing costs and reducing disposable income. This could lead to a decline in investment in networking infrastructure, indirectly impacting the LAN cable market. Furthermore, the prevailing global economic conditions, including geopolitical tensions and the lingering effects of the pandemic, continue to strain supply chains and trade. Disruptions in supply chains could hinder the availability and increase the cost of materials essential for LAN cable manufacturing, potentially leading to higher prices or supply shortages. Lastly, given the uncertain economic outlook, both consumers and businesses may prioritize essential spending, potentially affecting the demand for technology upgrades or new installations involving LAN cables. Additionally, tightening credit conditions and increased costs of external financing, particularly for developing countries, could further suppress market demand.
BY TYPE
Cat 6 Cable
Cat 6 A Cable
Cat 7 Cable
Cat 5 E Cable
The LAN cable market is segmented by Cat 6 Cable, Cat 6 A Cable, Cat 7 Cable, Cat 5 E Cable and Cat 5 Cable. The Cat 6 CABLE segment will be the fastest growing and will contribute the most to the overall growth of the LAN Cable Market. These are twisted pairs for Ethernet and other network physical layers that are backward compatible with category 5 & 5E cables or category 3 cable standards. Furthermore, these cables are thicker, faster, and support greater bandwidths than any other type of cable.
BY APPLICATION
Home Use
Commercial Use
Industrial Use
The LAN cable market is segmented by Commercial use, Office Use, and Industrial Use. The commercial segment of the LAN cable market is the fastest growing. The increasing number of IT and other offices, buildings, malls, healthcare, and retail sectors, for instance., the digitalization of commercial buildings around the world that use LAN cables to transfer data and control machinery, is expected to propel the commercial segment to expand faster during the forecast period. Furthermore, LAN cables are widely used in various commercial sites to transmit data seamlessly with LAN environments due to improved connection reliability when compared to traditional networking techniques.
The North American LAN cable market commands a dominant position, primarily propelled by the surge in the fiber optic cable segment. The escalating digital advancements and widespread adoption of new technologies across commercial, industrial, and residential sectors in the region have significantly boosted the demand for high-speed data transfer and the establishment of numerous data centers. Within North America, the United States leads with the highest market share in the LAN cable market.
In the Asia Pacific region, the LAN cable market holds the second-largest market share, fueled by the region's technologically advanced infrastructure and the establishment of new data centers, coupled with increasing demand from developing countries. China's LAN cable market notably claims the largest market share, while the Indian LAN cable market emerges as the rapidly growing market within the European region.
Expectations point to the European LAN cable market experiencing the fastest Compound Annual Growth Rate (CAGR) from 2023 to 2032. This growth is attributed to technological advancements within the Ethernet cable industry and the rising demand for power over Ethernet cables in the region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The key players in the LAN cable market are Black Box Corporation, Infinite Electronics International, Hitachi, Dba Primus Cable, General Cable Technology, Fiberstore, Belden, Nexans, Huzhou Shumai Cable, Prysmian Group & Other Players.
Infinite Electronics International-Company Financial Analysis
RECENT DEVELOPMENT
In September 2021: Nexans SA disclosed its agreement to acquire Centelsa, a prominent Latin American cable manufacturer specializing in cables for construction and utility applications. Additionally, the businesses have obtained government approval for the introduction of products capable of providing high-speed and secure connections.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.81 Billion |
| Market Size by 2031 | US$ 9.91 Billion |
| CAGR | CAGR of 4.81% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Cat 6 Cable, Cat 6 A Cable, Cat 7 Cable, Cat 5 E Cable, Cat 5 Cable) • By Application (Commercial Use, Office Use, Industrial Use) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Black Box Corporation, Infinite Electronics International, Hitachi, Dba Primus Cable, General Cable Technology, Fiberstore, Belden, Nexans, Huzhou Shumai Cable and Prysmian Group. |
| Key Drivers |
• The increasing need for rapid transmission of large volumes of data. • The expansion of facilities dedicated to storing, managing, and processing vast amounts of digital information. |
| RESTRAINTS | • Competition from wireless technologies refers to the challenge posed by advancements such as Wi-Fi 6 and 5G. |
The LAN Cable Market was valued at USD 6.81 billion in 2023.
The expected CAGR of the global LAN Cable Market during the forecast period is 4.81%.
The Europe region is anticipated to record the Fastest Growing in the LAN Cable Market.
The Cat 6 Cable segment is leading in the market revenue share in 2023.
The North America region with the Highest Revenue share in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. LAN Cable Market, BY TYPE
9.1 Introduction
9.2 Trend Analysis
9.3 Cat 6 Cable
9.4 Cat 6 A Cable
9.5 Cat 7 Cable
9.6 Cat 5 E Cable
9.7 Cat 5 Cable
10. LAN Cable Market, BY APPLICATION
10.1 Introduction
10.2 Trend Analysis
10.3 Home Use
10.4 Commercial Use
10.5 Industrial Use
11. Regional Analysis
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Poland
11.3.1.2 Romania
11.3.1.3 Hungary
11.3.1.4 Turkey
11.3.1.5 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.1 Germany
11.3.2.2 France
11.3.2.3 UK
11.3.2.4 Italy
11.3.2.5 Spain
11.3.2.6 Netherlands
11.3.2.7 Switzerland
11.3.2.8 Austria
11.3.2.9 Rest of Western Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Vietnam
11.4.6 Singapore
11.4.7 Australia
11.4.8 Rest of Asia Pacific
11.5 The Middle East & Africa
11.5.1 Middle East
11.5.1.1 UAE
11.5.1.2 Egypt
11.5.1.3 Saudi Arabia
11.5.1.4 Qatar
11.5.1.5 Rest of the Middle East
11.5.2 Africa
11.5.2.1 Nigeria
11.5.2.2 South Africa
11.5.2.3 Rest of Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.4 Rest of Latin America
12. Company Profiles
12.1 Black Box Corporation
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Infinite Electronics International
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Hitachi
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Dba Primus Cable
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 General Cable Technology
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Fiberstore
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Belden
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Nexans
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Huzhou Shumai Cable
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Prysmian Group
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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