Market Overview
The LAN cable market provides communication over the local network area by connecting the router to a device, and the router is further connected to a server. The LAN is used in a limited area such as residences, schools, laboratories, campuses, and official buildings. These are considered the chief drivers of the local area network cable market. The establishment of data centers boosts the market’s growth; vast usage in business and government offices is one of the major factors of the market's growth rate. The need for speed data transfer is an enhancing factor of the market. The rapid increase in infrastructure and construction projects can be indirectly responsible for LAN Cable Market Growth. The high durability and lower security threats nature of the cable best compared to other techniques.
The outbreak of the virus has affected the development, manufacturing, production, and other logistic units of the market. The manufacturing units were shut down due to the lockdown effect. But the increased demand for LAN cables has restored the market’s growth. The use of online platforms and the work from home schedule during the lockdown period has increased the growth rate of LAN cables because of its fastest data transfer.
The LAN Cable Market Trends is registered to grow from USD 5,778.9 Million in 2019 to USD 7,751.2 Million in 2025 with a CAGR of 5.02% during the forecast period.
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Market Segmentation
The LAN cable market industry is segmented into two segments based on type and application. The type segment comprises different cables such as CAT 6 Cable, CAT 6A Cable, CAT 7 Cable, CAT 5E Cable, CAT 5 Cable. The Category 6 Cable segment of the type segment is the fastest-growing segment because and it is efficiently boosting the LAN Cable Market Growth. The Category 6 Cable is compatible with other cables like Category 5 and 5E or Category 3 cable. Category 6 is widely preferred because of its advanced properties like higher bandwidths support, and The market is categorized into office use, industrial use, and home use based on application part. It is diversely used in offices, schools, and residences and is considered the most suitable network cable in a limited space.
Regional Analysis
The LAN Cable Market Share has shown remarkable development in major regions such as North America, South America, Asia Pacific, Europe and the Middle East, and Africa. The North American region dominated the market due to the increased demand for the fastest data transfer. North America is covered with technically advanced infrastructures, and the establishment of several data centers is leveling up the market’s growth. The Asia Pacific holds the title of the second-largest market due to the rise in demand for LAN cables in different regions like India, China, Japan, South Korea, and Indonesia. These regions enhance the growth of the regional market and will let the LAN Cable Market compete at the global level.
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Industry News
In 2019, L-com launched a new black and white flat cat 5e and cat 6 ethernet cables to overcome the issues faced while using traditional round cables.
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