Market Research Report
Ethernet Cable Market by Type, by Application, by Cable Structure - Global Opportunity Analysis and Industry Forecast, 2021- 2030
|Ethernet Cable Market by Type, by Application, by Cable Structure - Global Opportunity Analysis and Industry Forecast, 2021- 2030|
Published: July 1, 2021
Next Move Strategy Consulting
Content info: 479 Pages
Delivery time: 1-2 business days
The Global Ethernet Cable Market size was valued at $8.86 billion in 2020, and is estimated to reach $29.28 billion by 2030, growing at CAGR of 16.35% from 2021 to 2030. Ethernet cables serve as a network link between one or more networking devices and computers. It is used in both local and metropolitan area networks. The benefits of ethernet includes signal stability, network consistency, easy maintenance and better security as compared to wireless networks. Also, the high-speed connectivity it offers along with easy installation and setup are the leading factors promoting the growth of ethernet cable market.
However, ethernet cables are not portable. Thus, it takes additional time and cost during the expansion of ethernet networks, which is hampers the market growth. On the other hand, rise in demand for power over ethernet cables is predicted to create new growth opportunities for the market players in the coming years.
The global ethernet cable market is segmented based on type, application, cable structure, and geography. By type, the market is segmented into copper cable and fiber-optic cable. The copper cable segment is further classified into network cable and PoE cable. Fiber-optic cable is sub divided into single-mode cables and multi-mode cables.
On the basis of cable structure, the ethernet cable market size is bifurcated into unshielded twisted pair and shielded twisted pair. The shielded pair cable is predicted to showcase sizeable growth, as they provide improved and effective performance and enhanced security. Region wise, the market is bifurcated across North America, Europe, Asia-Pacific, and RoW.
In terms of geography, North America holds major share of the market due to the expansion of IT firms and developed infrastructures, which demands high speed connectivity. However, Asia pacific is expected to grow rapidly with increasing market size due to the rise in population with increasing need to be interconnected. Also, the increasing internet penetration in this region will result in lucrative development of the ethernet cable market.
According to the report, the leading players in ethernet cable market are Belden Inc., General Cable Technologies Corporation, Nexans, SAB Brockskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Commscope, and Prysmian Group.