Description
LAN Cable Market Overview
A LAN cable is a crucial hardware component of a local network that facilitates communication between peripheral devices by connecting them to the router or modem. These copper cables establish connections between laptops or computers and the local server via routers, modems, or switches.
Although a LAN provides connectivity within a limited area, it can be extended by connecting multiple LANs to form a larger network. LAN cables are classified into several categories based on factors such as transfer speed, internet connectivity, and bandwidth, enabling end-users to choose the most suitable one based on their specific requirements.
Segment Overview
The market for LAN cables is predicted to witness significant growth, fueled by the performance of different market segments. Among these, the Category 6 cable segment is expected to grow the fastest and contribute the most to the LAN cable market’s growth. Category 6 cables are twisted pairs of Ethernet and other network physical layers that are compatible with backward categories of cables. They are thicker, faster, and capable of supporting higher bandwidths than other cable categories.
To cater to various requirements, the LAN cable market has been segmented based on type, including cat 5e cables, cat 6 cables, cat 5 cables, cat 6a cables, and cat 7 cables. Additionally, the market has been categorized based on application into office use, industrial use, and home use.
Regional Analysis
The North American region is expected to hold a dominant position in the LAN cable market due to the rising demand for high-speed data transfer. The region has advanced technical infrastructure and a significant number of data centers established to enhance employment, which will further expand the industry. The Asia Pacific region is projected to be the second-largest market due to the growing demand for LAN cables in developing economies like India, South Korea, China, Japan, and Indonesia.
Major Players
Key players in the market includes Leoni Ag (Germany), Fiberstore (Fs.Com Inc.) (Us), General Cable Technology Corporation (Us), Hitachi Ltd. (Japan), Black Box Corporation (Us), Huzhou Shumai Cable Co., Ltd. (China), Belden Inc. (Us), Otscable.Com Co Ltd. (China), Nexans Sa (France), Dba Primus Cable (Us), Infinite Electronics International Inc. (Us), and Prysmian Group (Italy).
COVID 19 Impacts
The LAN Cable Market faced severe challenges during the COVID-19 pandemic, as manufacturing, development, production, and logistic units were impacted by government-imposed restrictions in various countries. Although LAN cables were affected to some extent due to the closure of manufacturing units, this market experienced positive growth opportunities during the pandemic.
The demand for telecommunication networks increased as more people were working from home and using online platforms for entertainment, which required efficient data transfer. As a result, there was an increase in demand for LAN cables, which can help transfer data at a fast pace without disruptions.
Telecommunication, internet, broadcasting, and cable services, of which LAN cables are an important component, are considered essential services and were exempt from lockdown restrictions.
