Ethernet Cable Market Overview
Global Ethernet Cable Market is expected to reach $1 billion by 2022. Ethernet allows computing systems to connect over a network. The requisite communication between devices in the modern world would not be feasible without it. Ethernet is the global standard for a system of wires and cables to adjoin multiple computers, devices, and machines over an organization's single network to interconnect all the computing nodes. Networking cables are used to join one network device with the other network devices, or to connect two or more nodes to share a peripheral output device such as printer and scanners. Different types of network cables, such as coaxial cable, optical fiber cable, and twisted pair cables, are used depending on the network's topology, protocol, and size. There are various categories of copper cables available in the market with different transmission speeds. CAT6 and CAT7 Ethernet cables are latest types of copper cables with transfer speeds of more than 1,000 Mbps.
The global Ethernet cable market is segmented on the basis of type, application, and geography. On the basis of application, it is classified into industrial, broadcast, enterprise, IT & network security, and others (residential & defense). Based on geography, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Ethernet cable market segmentation
Based on type, the copper cables segment dominates the market due to their cost-effectiveness and more flexibility as compared to fiber-optic cables. However, fiber optic cable is also gaining popularity due to its suitability in various applications. Among the plausible applications, the industrial segment dominates the global market due to the reliable performance of Ethernet cables in extreme conditions.
Top Factors Impacting Global Ethernet Cable Market
Higher speed and lower latency offering
Over the time, internet and network connectivity has become necessary for the growth of a business or industry. Ethernet cables provide more speed as compared to other networking methods such as wireless communication or Bluetooth technology. These cables are advantageous as they allow users to transmit data seamlessly within any environment at any given time. Ethernet is the fastest developing wired network protocol, with connection speeds varying from 10 megabits per second to 100 megabits per second or higher.
High installation cost and limited physical availability for devices
Ethernet cables require proper installation of various connectors and switches for connecting several devices, which further necessitates the demand for expert technicians. Hence, this process increases the overall installation cost of the system. Moreover, Ethernet cable connection facilities are available only to a limited area and do not support all kinds of portable devices. Hence, these factors act as restraints for market growth. However, various technological advancements are expected to diminish the effect of these factors.
Fiber-Optic Cable is Expected to Be the Most Lucrative Market for Ethernet Cable
Fiber has a higher bandwidth than that offered by copper. For example, category 6A cable is classified by the Telecommunications Industry Association (TIA) to handle a bandwidth up to 600 MHz over 100 meters. Multimode fiber, on the other hand, would have a bandwidth of over 1,000 MHz. An optical cable also weighs less than a comparable copper wire cable. Fiber-optic systems are utilized in the backbone applications of the major companies owing to the reliability and scalability in the near future.
In Asia-Pacific, Ethernet cable market is expected to show maximum revenue generation from China during the forecast period. On a global scale, China is not only the biggest market but it is also one among the top markets with strong industrial infrastructure, large customer base and its huge internet demand. However, North America and Europe collectively leads the global Ethernet cable market owing to domestic presence of various large industries.
The report provides a comprehensive analysis of major market players such as Belden Inc., General Cable Technologies Corporation, Nexans, SAB Brckskes GmbH & Co. KG, Siemon Co., Schneider Electric, Anixter Inc., Siemens AG, Hitachi, Ltd., and Prysmian Group. Further, prominent strategies adopted by leading players are analyzed to outline the top winning strategies.
Top Winning Strategies
At present, key market players adopt business strategies such as product launch, partnership, acquisition, agreement, and expansion. Expansion and acquisition activities largely drive the Ethernet cable market growth. For instance, Belden Inc. and General Cable Technologies Corporation have acquired local cable manufacturers to enhance their global outreach and increase their market share.
Top Winning Strategies Global Ethernet Cable Market
Ethernet Cable Market
- The study provides an in-depth analysis of the global Ethernet cable market trends to elucidate the prominent investment pockets.
- Current trends and future estimations are outlined to determine the overall market scenario and to single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding key drivers, restraints, and opportunities along with a detailed impact analysis.
- Based on geography, the report captures the analysis of four key regions, namely, North America, Europe, Asia-Pacific, and LAMEA
- Analysis of value chain is conducted for better understanding of the role of intermediaries.
Ethernet Cable Market Key Segmentation:
- Copper Cable
- Fiber-Optic Cable
- IT & Network Security
- Others (Residential and Healthcare)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Market Players in Value Chain
- Belden Inc.
- General Cable Technologies Corporation
- SAB Brckskes GmbH & Co. KG
- Schneider Electric
- Anixter Inc.
- Siemens AG
- Hitachi, Ltd.
- Prysmian Group
- Rockwell Automation, Inc
- Sumitomo Electric Industries, Ltd
- TE Connectivity Ltd.
- Teldor Cables and Systems Ltd.