By Type :

Based on type, the market is classified as copper cable and fiber optic cable. The copper cable segment accounted for the largest revenue share in the year 2022 due to high flexibility and cost effectiveness. Additionally, good electrical conductivity is propelling the adoption of copper cable in LAN cable market. The copper LAN cable offers fast speed data transmission and wide bandwidth. Also, copper cables are widely used to connect scanners, keyboards, printers, computers, networked devices, and others.

The fiber optic cable segment is anticipated to witness the fastest CAGR growth during the forecast period due to increasing demand for high-speed internet. Fiber optic cables provide wider bandwidth, fast data transmission, light signal transmission, higher security, and fast connectivity. Thus, increasing demand for fast and reliable networks for internet, telephony, and file sharing applications is boosting the growth of fiber optic cable segment in LAN cable market.

By Cable Type :

Based on cable type, the market is bifurcated as shielded and unshielded. The unshielded segment accounted for the largest revenue share in the year 2022 and is expected to grow during the forecast period. The cost effectiveness of unshielded cable is boosting the growth of unshielded segment in LAN cable market. The unshielded cable have a simplistic design and are easy to manufacture resulting in lesser cost compared to shielded cable. For instance, Cat6 Gigabit Snagless Molded (UTP) Ethernet Cable offered by Eaton, is an unshielded LAN cable comprises of high-quality copper wire and Snagless design to protect from damage during installation. Therefore, rising demand for unshielded cable due to cost effectiveness, easy installation, and fast data transmission is boosting the growth of unshielded segment in LAN cable market.

By Cable Category :

Based on the cable category, the market is classified as CAT 5e, CAT 6, CAT 6A, CAT 7, and others. The CAT 6 segment accounted for the largest revenue share in the year 2022 and is also expected to grow with the fastest CAGR during the forecast period.CAT 6 cables offer fast data transmission and reduced interference which is helping in driving the growth of the market. Further, the CAT 6 cables are suitable for Gigabit ethernet network and are widely used for fast and reliable connectivity. Thus, the rising demand for fast data transmission with reduced interference is promoting the growth of CAT 6 segment in LAN cable market.

By Application :

Based on the application, the market is categorized residential, commercial, and industrial. The commercial segment accounted for the largest revenue share in the year 2022 is also expected to grow with the fastest CAGR during the forecast period. The LAN cable is used for various devices including computers, desktops, printers, scanners, and others. LAN cables also help to provide fast and reliable connectivity for data transmission and data communication in offices and workplaces. Additionally, LAN cable provides high speed internet for data communication at educational institutions, retail, businesses, and others. Thus, increasing demand for high-speed internet for data communication at workplaces and offices is promoting the growth of commercial segment in LAN cable market.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America region accounted for major market share in LAN cable market due to increasing digitalization. The rising technological developments including 5G technology are driving the growth of LAN cable market in North America region. Additionally, increasing investments in high-speed internet is propelling the growth of LAN cable market in North America region. For instance, in June 2023, Biden-Harris Administration allocated USD 42.45 billion for high-speed internet program to provide cost effective and high-speed internet for America. Thus, increasing technological advancements and rising digitalization are boosting the growth of LAN cable market in North America region.

Asia Pacific accounted for revenue of USD 3,286.22 Million in 2022 and is anticipated to witness the fastest CAGR growth during the forecast period to reach USD 9,194.81 Million by 2030. The revenue growth is highlighted due to rising adoption of advanced technologies and increasing trend of automation in the region. Additionally, based on country wise shares, China is valued to hold largest market share of 29.7% in the year 2022.

Additionally, rising adoption of advanced digital technologies and increasing penetration of internet is promoting the demand for LAN cable. Moreover, the increasing trend of automation is also propelling the growth of LAN cable market in Asia pacific region. Thus, the rising adoption of advanced digital technologies and increasing penetration of internet is boosting the growth of LAN cable market in Asia Pacific region.