The advantages offered by Ethernet cable such as high speed, lower latency, and guaranteed bandwidth to every connected device, and enhanced reliability, and lower security costs drive the growth in the global Ethernet cable industry.
Allied Market Research published a report, titled, Ethernet Cable Market by Type (Copper Cable and Fiber Optic Cable) and Application (Industries, Broadcast, Enterprise, IT & Network Security, and Others) – Global Opportunity Analysis and Industry Forecast, 2018-2025. Theresearch offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global ethernet cable market generated $6.56 billion in 2017, and is expected to reach $19.09 billion by 2025, growing at a CAGR of 14.1% from 2018 to 2025.
The advantages offered by Ethernet cable such as high speed, lower latency, and guaranteed bandwidth to every connected device, and enhanced reliability, and lower security costs are likely to drive the growth in the industry. However, high installation cost and limited availability of devices, restrain the growth of the industry. Conversely, the growing demand for power over ethernet (PoE) technology in industries and technological advancements in the Ethernet cable are likely to present opportunities for growth of the market.
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Fiber optic cable segment to attain the fastest growth by 2025
Among the types, the copper cable segment captured the largest share in 2017. However, the fiber optic cable segment is expected to exhibit the fastest CAGR during the forecast period.
Industries segment dominated the global market in 2017
Among the applications discussed in the study, the industries segment led other segments in terms of revenue, followed by the enterprise segment in 2017. The report also discusses broadcast, IT & network security, among others.
Asia-Pacific dominates, North America to grow at the fastest rate by 2025
Among the regions discussed, Asia-Pacific grabbed the largest market share in 2017 and maintains its dominance at present. However, North America is likely to show the fastest CAGR during the forecast period.
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Leading market players analyzed in the research include Belden Inc., Southwire Company LLC, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Hitachi, Ltd., and Prysmian Group. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.