LAN Cable Market

LAN cables are local area network cables used for connecting devices in a network and ensuring better data transmission across the network. These are copper cables that connect peripheral devices such as laptops and computers with routers, modems, and switches. Ethernet is the computer networking technology commonly used for local area networks (LAN) and is standardized as IEEE 802.3. The increasing number of data centers in developing countries has propelled the demand for LAN cables in these countries. Additionally, the rising demand for faster data transfers in a network has anticipated the growth of the global LAN cable market during the forecast period. Apart from it, the growing infrastructure and construction of smart homes are expected to create several opportunities for the providers of LAN cables in the near future.

The global LAN cable market was valued at USD 5,543.6 million in 2018 and is estimated to reach USD 7,751.2 million in 2025 with a compound annual growth rate (CAGR) of 5.02% during the forecast period.

For the purpose of this study, Wantstats has studied the global LAN cable market based on type, application, and region. Based on type, the global LAN cable market has been segmented into CAT 6 cable, CAT 6A cable, CAT 7 cable, CAT 5 cable, and CAT 5e cable. Among these types, the CAT 6 cable segment dominates the global market holding a share of 30.7%, followed by the CAT 6A and CAT 7 cable segments holding shares of 27% and 22.2%, respectively. Based on application, the global LAN cable market has been segmented into home use, office use, and industrial use. The office use segment is expected to dominate the global market, followed by the commercial use and home use segment. Geographically, the LAN cable market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among these regions, North America dominated the LAN cable market holding a share of 33.3% of the overall market. On the other hand, Asia-Pacific is expected to witness the fastest growth during the forecast period with a CAGR of 5.79%.

During the study, Wantstats has analyzed several players operating in the global LAN cable market. Among these players, Belden Inc., Black Box Corporation, Huzhou Shumai Cable Co., Ltd, Fiberstore, Infinite Electronics International Inc., OTSCable.com Co Ltd., Hitachi Ltd., Nexans SA, DBA Primus Cable, LEONI AG, and General Cable Technology Corporation are some of the key contributors to the growth of the global LAN cable market. These players compete based on quality, reliability, applicability, and data transfer rates of LAN cables in a network environment. Moreover, the players are focused on gaining a competitive advantage over peers in different regions across the globe by offering a wide variety of products suitable for residential, commercial, and industrial purposes.