LAN Cable Market is growing at a 4.8% CAGR by 2030 | Increased Data Transmission Requirements Create Significant Demand for LAN Cables

iCrowd Newswire
27 Sep 2022, 23:18 GMT+10

The global LAN cable market is projected to witness vast demand. LANs/local area networks are important in computer networking and connected device environments. A LAN cable connects computers, devices, and hardware to a LAN. Increased data transmission activities worldwide drive the growth of the market.

With the increase in the need for high-speed interconnections of computers, the market is poised to catch significant momentum in the next couple of years. Market Research Future (MRFR) expects the global LAN cable market valuation to escalate from USD 5,778.9 MN in 2020 to USD 9.60 BN in 2030, growing at a 4.8% CAGR during the assessment period (2021-2030).

LANs have become imperative in today's connected era, improving user experience in many different ways, whether playing online games or designing computer graphics. Using LAN cables to connect various connected devices, computers, switches, and a router/modem is the prevailing way to set up a LAN. Also, a LAN can be connected to another LAN through these cables.

Wireless repeaters and wireless routers are the most common WiFi devices connected via a LAN cable in a couple of different ways. Despite all the convenience of wireless technology, for a more reliable network, a wired LAN connection is preferred more, as hard wiring provides a stronger connection than WiFi, especially on a network with many users, giving performance benefits on smart TVs, computers, gaming consoles, and others.

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Report Scope:

Report Attribute/Metric

Details

Market Size in 2030

USD 9.60 Billion

Growth rate:

CAGR of 4.8% from 2020 to 2030

Forecast Period

2020-2030

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Competitive Analysis

The LAN cable market appears highly competitive, witnessing increasing strategic deals, such as expansion, mergers & acquisitions, collaboration, and product launches. Major players also invest strategically in research and development activities and foster their expansion plans. Leading LAN cable manufacturers design a portfolio of technologies, combining the leading development, supply chain, technology, construction, and O&M expertise.

For instance, on June 16, 2022, Sanwa Electric Instrument Co., Ltd. (Japan) announced the availability of its LAN cable tester LAN-256003PRO, that can check the connection status and shield status. The company has also started selling the LAN cable tester, presenting it on a small display. In addition to LAN cables, the tester can also test telephone cables and CATV coaxial cables, checking the condition of the connection, reverse wiring, short, open, miswire, split pair, shield status, cable length, etc.

Leading players in the LAN cable market are Fiberstore (FS.COM Inc. - US), OTSCable.com Co Ltd. (China), Black Box Corporation (US), Belden Inc. (US), Hitachi Ltd. (Japan), Infinite Electronics International Inc. (US), DBA Primus Cable (US), Huzhou Shumai Cable Co., Ltd. (China), Nexans SA (France), LEONI AG (Germany), and General Cable Technology Corporation (US), among others.

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Industry Trends

Digital communication is exploding further, creating a huge demand in the high-speed Ethernet cable market. Furthermore, drastically changing communication methods impact the underlying cabling infrastructure. The performance of local networks is needed to constantly improve to meet the growing demand and avoid congestion problems. This, as a result, substantiates the wireless LAN cable demand.

The increased need for high-speed internet creates vast demand for LAN cables and fiber optics. Also, the demand for fiber optics and LAN cables increased as people working from home sought good internet.One downside of this growth is high prices impacting volumes. Resultantly, manufacturers expand LAN Cables' production capacity and portfolio. They also focus on 5G for growth and 5G products in fiber optics, increasing funds for expanding distribution networks.

Factors elevating the market landscape include the increasing adoption of LAN cables in offices, industries, and homes and large deployments of LAN cables across the industries. Additionally, increasing investments in developing LAN cables and expanding line capacities escalate the market value. Increasing digitization in businesses, alongside rapid industrialization and urbanization in emerging regions, generates vast market demand.

Moreover, significant investments made by the key players to offer innovative solutions to SMEs and meet the increasing demand for LAN cable from the healthcare, retail, and e-commerce sectors influence market shares. Exploding digital communication and demand for high-speed Ethernet cables, and changing communication methods impacted the underlying cabling infrastructure.

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The proliferation of the manufacturing sector and rapid adoption of smart factories & IoT infrastructure are major growth drivers. Local networks need to constantly improve LAN cable performances to meet the growing demand and avoid congestion problems. This, in turn, would substantiate the wireless LAN cable demand. Also, the increasing numbers of data centers and the demand for high-speed data transfer offer significant opportunities.

The emergence of simple off-the-shelf devices, in which LAN cables are used to eliminate the speed and distance limitations of multi-mode fiber carry over existing legacy multi-mode infrastructure for up to several kilometers, influences market revenues. Increasing implementations of single-mode wavelength division multiplexing (WDM) technologies by network managers drive the growth of the LAN cable market.

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