0
2020
Patch Cable Market

Patch Cable Market

by Product Type (Copper Cable and Fiber Optic), Cable Category (CAT3, CAT5, CAT5E, CAT6, CAT6A, CAT7, Multimode Optical Fiber, RG6, and Others), Application (Networking and Non-Networking), and End Use (Industrial, Enterprise, IT & Network Security, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A06067
Pages: 296
Mar 2020 | 5471 Views
Author(s) : Shantanu Sachan , Vineet Kumar
Tables: 126
Charts: 72
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Patch Cable Market Outlook - 2026

The global patch cable market size was valued at $2,788.0 million in 2019, and is projected to reach $5,764.5 million by 2026, registering a CAGR of 10.2% from 2020 to 2026. Patch cable is a general term for cabling that connects two electronic devices to each other, typically in a network. These devices include computers and other hardware. Patch cables are also used to carry telephone, audio, and video signals between devices in non-networked applications; these might include equipment such as headphones and microphones.

Patch cables are also known as patch cords as they have connectors on both ends that are used to connect an end device to a power source. Similar to Ethernet cables, there are fiber patch cable and Ethernet patch cable, such as LC fiber patch cable or Cat6 RJ45 patch cable. Patch cables are often used for short distances in offices and wiring closets. Ethernet patch cable can link a computer to a network hub, router, or Ethernet switch, which is useful for constructing home computer networks. Thus, global patch cable industry has various application in different industries.

Patch Cable Market

Patch cables can be as short as three inches or longer than a hundred feet. Global Patch cable market can be categorized by type among, CAT 5, CAT 5E, AND CAT 6 Ethernet cables which are commonly used to connect computers together in a network as well as network servers.

At present, data transfer and networking have become an essential part of all commercial activities in industries, business, broadcast, and others. These commercial activities generate large amounts of data daily, which needs to be transferred between devices with appropriate security. Thus, global patch cable market finds application in networking and non-networking connections in industries. Also, global patch cable market finds its demand in residential, institutional, healthcare, IT & network security, and enterprise users as they are easy to install, secure, and exhibit various benefits over other connecting techniques. They enhance the performance of connected devices via high-speed data transfers. In addition, these cables have several benefits such as lower latency, low noise interference, easy installation, and reliability.

The global patch cable market exhibits a phenomenal growth owing to the increase in demand for high-speed connectivity devices & systems and improvement in cable technology. However, negative impact of Internet-of-things in the region hampers the North American market to a certain extent. Furthermore, increase in development of data centers and emergence of 5G revolution provide lucrative patch cable market opportunity.

Segmentation

The patch cable market is segmented on the basis of product type, cable category, application, end use, and region. Based on product type, the market is bifurcated into copper cable and fiber optic, where copper cable had a major patch cable market share and fiber cable is lucrative to patch cable market growth in the analysis period. 

Patch Cable Market
By Product Type

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Fibre Optic segment is projected to be the most lucrative segment

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By cable category, the market is divided into CAT3, CAT5, CAT5E, CAT6, CAT6A, CAT7, multimode optical fiber, RG6, and others. By application, the market is divided into networking and non-networking. 

Patch Cable Market
By End Use

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IT & Network Security segment would exhibit the highest CAGR of 15.6% during 2019 - 2026

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Based on end use, the market is categorized into industrial, enterprise, IT & network security, and others. Region wise, it is analyzed across North America, Europe, Asia Pacific and LAMEA along with its prominent countries.

Patch Cable Market
By Geography

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 13.2% during the forecast period

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Top Impacting Factors

The factors such as increase in demand for high-speed connectivity devices and systems, improved cable technology, negative impact of Internet of Things, rise in development of data centers, and emergence of 5G revolution are expected to significantly affect the growth of the patch cable market. These factors are anticipated to either drive or hamper the growth of market.

Increase in Demand for High-Speed Connectivity Devices and System

High-speed connectivity devices and systems gain popularity among the industrial applications to cater to the need of smooth and secure transmission of data. The use of high-speed networking lines helps the production facilities to analyze real-time data and improvise the production processes accordingly. 

Two connections, which include electrical connection and the actual network connection are required for many connected devices such as networked surveillance cameras or IP cameras. Patch cables provide several common techniques to transmit PoE cabling. This advantage of patch cables is expected to provide lucrative opportunities to the market growth.

Improved Cable Application

The cable technology has witnessed continuous innovation over the years. They are mainly categorized into copper and fiber-optic cables. Copper cables find wide applications due to their low cost and high security & reliability, whereas fiber-optic cables are applicable in areas such as oil & gas industry. 

Copper cables range from Category 1 to Category 8, depending upon the frequency and rate of data transmission. The most recommended cable is Category 6A with data transmission speed of 10,0000 Mbps data transmission rates, which is widely used for applications such as CDDI, toke rings, ATM, digital video, broadband, and baseband analog videos

Negative Impact of Internet-of-Things (IoT)

The concept of Internet of Things has evolved owing to the development of technology, thus, exponentially increasing the number of devices connected to each other. This is expected to result in failure of wired network cable, as it is not feasible to connect numerous devices through wired network, which restrains the market growth.

Increase in Development of Data Centers

The world is increasingly becoming connected and digital. The rise in need of cloud storage results in a large volume of data centers around the world, which in turn, consumes a huge amount of data. A data center centralizes an organization’s IT operations and equipment. Data is stored, managed, and disseminated across a variety of devices. It houses computer systems and associated components such as telecommunications and storage systems.

Emergence of 5G Revolution

The world is increasingly becoming connected and digital. The rise in need of cloud storage results in a large volume of data centers around the world, which in turn, consumes a huge amount of data. A data center centralizes an organization’s IT operations and equipment. Data is stored, managed, and disseminated across a variety of devices. It houses computer systems and associated components such as telecommunications and storage systems.

Competitive Analysis

The key players profiled in the report include Black Box, CommScope, Corning, CP Technologies, General Cable, Legrand North America LLC, Major Custom Cable Inc., Panduit Corp, Quabbin Wire & Cable Corporation, and Schneider Electric. These companies follow various market strategies such as product launch, product development, collaboration, partnership, and others that leads to the market growth.

Key Benefits For Stakeholders:

  • This study includes the analytical depiction of the global patch cable market along with the current patch cable market trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities.
  • The patch cable market analysis from 2019 to 2026 is to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Patch Cable Market Report Highlights

Aspects Details
By Product Type
  • Copper Cable
  • Fiber Optics
By Cable Category
  • CAT 3
  • CAT 5
  • CAT 5E
  • CAT 6
  • CAT 6A
  • CAT 7
  • Multimode Optical Fiber
  • RG6
  • Others
By Application
  • Networking
  • Non-Networking
By End Use
  • Industrial
  • Enterprise
  • IT & Network Security
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia Pacific  (China, Japan, India, South Korea, Rest of Europe)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players BLACK BOX CORPORATION, COMMSCOPE, CORNING INCORPORATED, CP TECHNOLOGIES, GENERAL CABLE (PRYSMIAN GROUP), LEGRAND NORTH AMERICA, LLC (LEGRAND), MAJOR CUSTOM CABLE, PANDUIT, QUABBIN WIRE & CABLE CO., INC., SCHNEIDER ELECTRIC
 

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Patch cable is a general term for cabling that connects two electronic devices to each other, typically in a network. Patch cables are also known as patch cords as it has connectors on both ends that are used to connect an end device to a power source. Similar to Ethernet cables, there are fiber patch cable and Ethernet patch cable, such as LC fiber patch cable or Cat6 RJ45 patch cable. Patch cables are often used for short distances in offices and wiring closets. Ethernet patch cable can link a computer to a network hub, router, or Ethernet switch, which is useful for constructing home computer networks.

Recently, the North American patch cable market was majorly driven by the development of technologically advanced industries, increased adoption of fiber-optic cables, and rise in broadcast applications. The presence of key market players in this region is one of the key growth factors of this market. In addition, advanced technologies used in industries and broadcast applications of Ethernet cables are expected to fuel the growth of the patch cable market in this region.

An optical fiber is a flexible, transparent fiber made by silica or plastic. A protective coating of one or two layers of cushioning material (such as acrylate) is used to reduce cross talk between adjacent fibers and the loss-increasing micro bending that occurs when fibers are pressed against rough surfaces. Researchers from RMIT University Australia have developed tiny readers that can detect information in light spirals. By twisting light into a spiral, engineers have created a third dimension for light to carry information. The technology could be used to upgrade fiber optic networks in Australia’s national broadband network.

The key players profiled in the report include Black Box, CommScope, Corning, CP Technologies, General Cable, Legrand North America LLC, Major Custom Cable Inc., Panduit Corp, Quabbin Wire & Cable Corporation, and Schneider Electric. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

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FREQUENTLY ASKED QUESTIONS?

A. The Global Patch Cable Market is expected to grow at a CAGR of 10.2% from 2020 to 2026.

A. The Global Patch Cable Market is projected to reach $5,764.5 million by 2026.

A. To get the latest version of sample report

A. Increase in demand for high-speed connectivity devices & systems, improved cable technology, negative impact of Internet of Things, rise in development of data centers, and emergence of 5G revolution drives or hampers the growth of Patch Cable Market.

A. The key players profiled in the report includeBlack Box, CommScope, Corning, CP Technologies, General Cable, Legrand North America LLC, Major Custom Cable Inc., Panduit Corp, Quabbin Wire & Cable Corporation, and Schneider Electric.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Patch Cable Market is segmented on the basis of product type, cable category, application, end use, and region.

A. The key growth strategies of Patch Cable market players include product launch, partnership, acquisition, expansion, product enhancement, and collaboration.

A. IT & Network Security segment exhibits the highest CAGR during the forecast period.

A. North America region had generated the highest revenue in 2019.

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