Market Research Report
Global Patch Cable Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||962712|
|Published||Content info||177 Pages
Delivery time: 2-3 business days
|Global Patch Cable Market Forecast 2019-2028|
|Published: October 2, 2020||Content info: 177 Pages||
The global patch cable market is expected to grow with a CAGR of 7.13%, over the forecast years of 2019 to 2028. Key drivers promoting the market growth include, improved cable application and the increasing demand for high-speed connectivity devices and systems.
Patch cable refers to the general term used for cabling, connecting two electronic devices, usually in a network. They are also known as patch cords, owing to the connectors on both ends used to connect an end device to a power source. Besides, such cables are often utilized for short distances, especially in wiring closets and offices.
High-speed connectivity systems and devices gain traction across industrial applications, mainly due to the growing need for smooth and secure data transmission. Moreover, using high-speed networking lines aid production facilities in analyzing real-time information, thereby improving the production processes. Likewise, two connections, including the actual network connection as well as the electrical connection, are needed for numerous connected devices, like, IP cameras and networked surveillance cameras. Patch cables also offer various techniques for transmitting PoE cabling. As a result, this advantage is anticipated to provide the market with lucrative opportunities.
The global patch cable market growth is analyzed across the Asia Pacific, North America, Europe, and the rest of the world. The Asia Pacific is expected to be the fastest-growing region, primarily owing to the increased penetration of optical fiber technologies in emerging economies, due to upcoming projects like smart cities. Moreover, the region offers numerous opportunities to industries within the cable management market. For instance, Prysmian, one of the largest cable manufacturing firms worldwide, prefers expanding in China because of the country's growing gross domestic product (GDP). Additionally, rapid industrialization and urbanization have resulted in the region being a developing and lucrative market for patch cable manufacture.
Some of the major companies operating in the market include, CommScope, Black Box, Legrant North America LLC, General Cable, Corning Incorporated, etc.