Ethernet Cable Market

Global Ethernet Cable Market: Overview

The global ethernet cable market is likely to expand due to rising demand for low latency and high-speed technology, easy installation, high dependability, and connectivity features given by ethernet cable. The market's expansion is, however, hampered by expensive installation costs and a shortage of physical devices. On the other hand, growing industrial usage of power over ethernet (PoE) offers novel possibilities in the years to come.

According to cable category, the category of cat 7 accounted for more than one-fourth of the global ethernet cable market in 2020 and is anticipated to keep up its dominance throughout the forecast timeframe. This is due to the steadily increasing usage of high-performance networking, which is supported by ultra-reliable connections. Rising demand for cat 7 is likely to bolster growth of the global ethernet cable market in the years to come.

Type, cable type, cable category, and region are important market parameters that have been taken into account whilst segmenting the global ethernet cable market.

Global Ethernet Cable Market: Notable Developments

Some of the major players in the global ethernet cable market are as mentioned below

• Schneider Electric S.E.
• SAB Brockskes GmbH & Co. KG
• Leviton Manufacturing Co. Inc.
• Southwire Company LLC.
• Belden Inc.
• Nexans S.A.

Global Ethernet Cable Market: Key Trends

Below-mentioned developments, restraints, opportunities, and drivers are anticipated to characterize the global ethernet cable market

Rising Demand for High-speed Networks and Low Latency to Propel the Market

According to application, the commercial sector is expected to account for a leading share in 2020, making for over half of the global ethernet cable market. It is anticipated that this segment will continue to hold the lead during the forecast period. This is due to the need for high-speed networks with wide capacity and low latency in commercial sectors for data transfer between devices. But throughout the projection period, the industrial category is anticipated to grow at a very high CAGR during the forecast period. Ethernet cables are utilized in a variety of sectors for data transmission and machine control. Industrial ethernet frequently needs stronger connections, cables, and higher performance in challenging environments. The segment is estimated to be boosted by these elements in the years to come.

According to cable category, in 2020, the cat 7 category accounted for a considerable share of the global ethernet cable market and is anticipated to keep up its dominance throughout the forecast timeframe. This is due to the steadily increasing use for high-performance networking, which is supported by ultra-reliable connections. The current fastest Ethernet cable is Cat8. When compared to Cat6a, its data transmission speed is up to 40 Gbps, which is four times quicker. It also supports bandwidth up to 2 GHz, which lowers latency for better signal quality. These elements are accelerating the segment's expansion.

Global Ethernet Cable Market: Geographical Analysis

With about two-fifths of the world's ethernet cable market, North America had the largest market share by region in 2020. The market for Ethernet cables in North America is expanding due to developments in these cables, which offer fast data rates and wide capacity. Digital multimedia devices are increasingly being adopted in the developing Asian Pacific countries like China and India. The need for Ethernet connections in home and commercial applications is therefore increased.