Ethernet Cable Market to Grow at 16.35% CAGR by 2030
Upsurge in demand for high speed and consistent network with better security has led to a rapid remunerative growth in the Ethernet Cable Market.
The Ethernet Cable Market is expected to grow at a CAGR of 16.35% from 2021-2030 by a new research report by Next Move Strategy Consulting.
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 on the basis of 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.
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.
Browse key industry insights from the report, “Ethernet Cable Market by Type (Copper Cable and Fiber Optic Cable), by Application (Residential, Industrial and Commercial), by Cable Structure (Unshielded Twisted Pair and Shielded Twisted Pair) - Global Opportunity Analysis and Industry Forecast, 2021– 2030” in detail along with the table of contents:
Key Insights from Ethernet Cable Market Report:
- The market share of the players in the global ethernet cable market along with their competitive analysis.
- Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- Current emerging trends and opportunities are extensively analysed in the ethernet cable market report.
- The forecast of the ethernet cable market comes along with some extra information associated with opportunities, restrains and key drivers in the market.
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