Ethernet Cable Market Size, Analysis, Opportunities and Future Prospects 2025
A new report
published by KD Market Insights, titled, “Ethernet Cable Market by
Type, Application, and Cable Structure: Global Opportunity Analysis and
Industry Forecast, 2019–2026,” projects that the global Ethernet cable market
size is estimated to reach $21.36 billion by 2026. In 2019, North America
dominated the market, contributing more than 35% share of the overall revenue,
followed by Europe. Upsurge in demand for high-speed internet connectivity and
rise in data center installation activities, primarily in the industrial
sector, have fueled the growth of the global Ethernet cable market.
Ethernet
cable is a type of network cable used in local area networks (LANs) and
metropolitan area networks (MANs) to connect and transmit broadband signals
between a modem, router, computer, and other devices. Rapid rise in demand for
high-speed internet facility, increase in application of automation across
industries, and reliable performance of Ethernet cables are the major factors
that drive the global ethernet cable market growth. However, high installation
cost and limited availability are anticipated to restrict the global ethernet cable
market growth.
Power over
Ethernet (POE) is a technology that enables Ethernet cables carry electrical
power. For many connected devices such as networked surveillance cameras or IP
cameras, two connections are required in an electrical connection, and the
actual network connection. Thus, rise in adoption of Power over Ethernet (PoE)
coupled with increase in data center installations is expected to provide
lucrative growth opportunities for the market players in emerging economies.
The shielded
twisted pair segment accounted for a significant share of the overall Ethernet
cable market in 2019. This is attributed to high speed and low cost with robust
nature of these cables in industrial applications. However, the fiber-optic
cable segment of the global ethernet cable market is estimated to grow
significantly at a CAGR of 18.3% during the forecast period, due to increase in
installation of fiber-optic cables for long distance applications, as many
renowned companies are launching advanced technology fiber-optic ethernet
cables. However, the copper cable segment is anticipated to register
significant growth in North America, in terms of revenue.
Among
various regions, North America is expected to be the major revenue generator in
2019 and will maintain its dominance in the coming future. This is attributed
to rise in internet penetration due to increase in population and surge in
industrial activities. However, a number of oil & gas industries in the
Middle East use Ethernet cables for various applications, which is expected to
support the market growth.
According to
Asavari Patil, Lead Analyst, Semiconductor and Electronics at KD market
Insights, “Fiber-optic cables are gaining wide acceptance and their market
share is rising, as their costs have declined. Although the copper cables
segment dominated the global market, fiber-optic cables are replacing
traditional copper cables, owing to their several advantages. Furthermore, the
demand for these cables is increasing due to investments in telecommunications
and information technology and new developments in China, Brazil, India, and
Western & Eastern European countries. In addition, increase in advanced
activities in oil & gas industries in the Middle Eastern countries would
fuel the growth of the Ethernet cable market growth.”
Asia-Pacific
region is projected to grow at the fastest rate throughout the analysis period,
as China witnesses the highest demand for fiber-optic cables, due to increase
in need for high-speed internet and various security reasons in the global
ethernet cable industry. Moreover, enhancement in industrial development and
increase in expenditure in the emerging markets such as Latin America and the
Middle East to meet the demands of exponentially growing economies in these
countries have strengthened the market growth. Furthermore, technological
advancements for cost-effective and long-distance applications in these nations
offer lucrative opportunity for the expansion of Ethernet cable market.
The key
players in the
Ethernet cable market focus on expansion of their business operations in
emerging countries with acquisition and expansion as a preferred strategy. The
major players profiled in this report include Belden Inc., Southwire Company
LLC, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric,
Anixter Inc., Siemens AG, Commscope, and Prysmian Group.
KEY FINDINGS
of THE STUDY:
- The copper
cable segment accounted for the highest ethernet cable market share in 2018
with $4.02 billion, growing at a CAGR of 7.4% from 2019 to 2026.
- The commercial segment generated the highest revenue, accounting for $3.69 billion in 2018.
- Asia-Pacific is expected to dominate the market, garnering 34.69% of the share during the forecast period.
- The commercial segment generated the highest revenue, accounting for $3.69 billion in 2018.
- Asia-Pacific is expected to dominate the market, garnering 34.69% of the share during the forecast period.
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