- Summary
- Table Of Content
- Methodology
LAN Cable Market Introduction :
LAN Cable Market is estimated to reach over USD 38,327.68 Million by 2030 from a value of USD 13,972.03 Million in 2022, growing at a CAGR of 13.7% from 2023 to 2030.
LAN Cable Market Definition & Overview:
LAN Cable is a conductor used to connect the devices in Local Area Network (LAN) for network communication. LAN cable is a physical plug connection used to connect various devices including computers, routers, printers, IP cameras, and others with network. Additionally, LAN cable is widely used for residential, commercial, and industrial applications. The types of LAN cable used for network communication include copper cable and fiber optic cable. LAN cable offers high internet speed and low latency to network communication. Moreover, LAN cables are used to connect computer hardware in localized areas including homes, corporate offices, and others.
LAN Cable Market Insights :
LAN Cable Market Dynamics - (DRO) :
Key Drivers :
Increasing demand for high-speed internet is driving the growth of LAN cable market
The increasing technological developments in communications technology are promoting the demand for high-speed internet. The rising demand for high-speed internet for network communication is propelling the growth of the LAN cable market. For instance, according to Eurostat, in 2021, the European Union reported 70% high speed internet coverage. Further, Malta reported 100% high speed internet coverage for households, followed by Luxembourg, Denmark, and Spain.
Additionally, increasing investments for high-speed internet is promoting the growth of LAN cable market. For instance, in July 2023, Government of Canada and Ontario invested USD 22 million to provide high speed internet access to more than 1400 homes in Ontario. The Government aims to provide easy and seamless high speed internet access to rural communities. Additionally, Government of Canada invested USD 3.2 billion under Universal Broadband Fund to provide high speed internet access to 98% Canadian population by 2026.
Therefore, increasing demand for high-speed internet is boosting the growth of LAN cable market.
Increasing adoption of Internet of Things (IoT) technology for data communication is propelling the growth of LAN cable market
The rising adoption of Internet of Things (IoT) technology for data transmission is promoting the growth of LAN cable market. IoT includes hardware, software, and other technologies for data communication through electronic devices. IoT collects the data by using sensors and analyze the data though software to transmit to the websites or app. IoT technology has wide range of applications including thermostats and security system, wearable devices, diagnostic devices, lighting and traffic system, crop monitoring, retail supply chain tracking and others. Additionally, increasing demand for interconnection of devices including security cameras, alarm control, lighting system, and others in smart homes is driving the market growth. Therefore, increasing adoption of IoT technology for data transmission and smart homes is propelling the growth of LAN cable market.
Key Restraints :
High initial cost is hampering the growth of LAN cable market
The high initial cost is hindering the growth of the LAN cable market. The higher category of LAN cables is expensive due to enhanced stability and technological compatibility. Also, the deployment cost of LAN cables also plays a significant role in increasing the initial cost. Additionally, fluctuating raw material prices are limiting the growth of the LAN cable market. LAN cables include various raw materials including metal wires, coating materials, and others. Thus, high initial cost and fluctuating raw materials prices are hampering the growth of LAN cable market.
Future Opportunities :
Rising inclination towards smart homes and increasing technological advancements are anticipated to drive LAN cable market
The increasing inclination towards smart homes and rising technological advancements including 5G technology will strengthen the growth opportunities for LAN cable market. Automated homes use LAN cable for security system, alarm control, lighting control, and others. Additionally, power over ethernet (PoE) technology is expected to propel the growth of LAN cable market. For instance, in June 2022, Semiconductor Components Industries, LLC introduced NCL31010 to provide power over ethernet (PoE) technology for lighting systems. NCL31010 integrates PoE with smart lighting to control power consumption rate.
Therefore, increasing technological advancements including power over ethernet (PoE) to control power consumption rate are anticipated to promote the growth of LAN cable market.
LAN Cable Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 38,327.68 Million |
| CAGR (2023-2030) | 13.7% |
| By Type | Copper Cable and Fiber Optic Cable |
| By Cable Type | Shielded and Unshielded |
| By Cable Category | CAT 5e, CAT 6, CAT 6A, CAT 7, and Others |
| By Application | Residential, Commercial, and Industrial |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | NEXANS, Black Box, Huzhou Shumai Cable Co., Ltd., Hitachi Ltd., FS.com INC, DBA Primus Cable, OTSCable.com Co Ltd., Infinite Electronics, International Inc., Belden Inc., Leoni AG, Relemac, Eaton |
LAN Cable Market Segmental Analysis :
Based on the 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.
Based on the 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.
Based on the 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.
Based on the 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.
Based on the 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.
Top Key Players & Market Share Insights:
The LAN Cable Market is highly competitive due to the presence of a large number of key players operating in the market. The report analyses detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the LAN cable market. Key players in the LAN cable market include-
- NEXANS
- Black Box
- Belden Inc.
- Leoni AG
- Relemac
- Eaton
- Huzhou Shumai Cable Co., Ltd.
- Hitachi Ltd.
- FS.com INC
- DBA Primus Cable
- OTSCable.com Co Ltd.
- Infinite Electronics International Inc.
Key Questions Answered in the Report
What is LAN Cable? +
LAN Cable is a physical plug connection used to connect various devices including computer, printer, scanner, and others with Local Area Network. LAN cable is used to provide high speed internet for data communication. The different types of LAN cables include copper cable and fiber optic cable.
What specific segmentation details are covered in the LAN Cable Market report, and how is the dominating segment impacting the market growth? +
The report consists of segments including type, cable type, cable category, and application. Each segment has key dominating sub-segment being driven by the industry trends and market dynamics. For instance, by type segment has fiber optic cable segment witnessing fastest growth during the forecast period.
What specific segmentation details are covered in the LAN Cable Market report, and how is the fastest segment anticipated to impact the market growth? +
The report consists of segments including type, cable type, cable category, and application. Each segment is projected to have the fastest-growing sub-segment being fuelled by industry trends and drivers. For instance, by application segment has commercial segment witnessed largest share in LAN Cable market.
Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030? +
The Asia-Pacific region is anticipated to witness fastest CAGR growth during the forecast period due to the increasing demand for high-speed data transmission and rising adoption of advanced technologies in the region.
