Patch Panels Market: Introduction
Patch panels are a group of sockets which connects the outgoing line and incoming line of LAN cables manually and is majorly used in communication and electronic systems. Patch panels are also referred to as jack fields, patch bays, and patch fields. It is used in radio and television within communication devices.
In patch panels, one end is connected to the incoming line whereas the other end connects to the outgoing line of a LAN or communication system. Generally, when used in LAN, patch panels can connect computers to other computers and to outside lines which allows LANs to connect to the internet or to wide area networks. Fiber or copper cabling can be part of networks within patch panels.
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Patch Panels Market Dynamics
Growing Demand for Devices with Multiple Functionalities
Demand for devices which can be used for multiple purposes is increasing day by day. People prefer devices which have multiple uses rather than a single use. Significant increase in demand for products related to communication and patch panels enables the user to connect multiple ports of communication from an incoming line of communication. The preference of people to move toward devices with multiple usage such as patch panels as well as increasing need for better communication has driven the demand for patch panels across the globe.
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Rising Adoption of LAN Communication
Adoption rate of LAN within offices or enterprises has increased widely across the globe. Data privacy, system productivity, and easy communication has led to increase in demand for LAN within organizations. Patch panels have major applicability in LAN connected enterprises where multiple systems are connected to the server. Patch panels enable flexible connection between outgoing lines with the incoming line of communication. The high adoption of LAN would drive the demand for patch panels across the globe.
High Integration and Installation Cost
The cost of patch panels is generally high which can demotivate medium size enterprises from integrating and installing the same within the premises. The number of medium size enterprises across the globe is much more in number than large enterprises, and manufacturers need to reduce the cost of patch panels to cater to medium size enterprises. High cost related to patch panels such as product price, integration cost, installation cost, and down time cost can challenge the patch panels market to expand at a healthy rate.
North America Expected to Dominate the Market in Terms of Market Size
In terms of region, the global patch panels market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the market due to rapid adoption of LAN networks within small and medium size enterprises in the U.S for better communication and productivity. Extensive adoption of LAN is increasing the demand for patch panels specifically in North America.
Patch Panels Market –Competitive Landscape
- In May 2018, NextSTEP Minus1U Patch Panel was launched by Wirewerks. The patch has been launched in two models, named Switch Specific Model and Universal Tray Model.
- In February 2018, a high density pre-stubbed patch panel was launched by Fujikura Ltd. This will cater to the increasing demand for over the top (OTT) video and cloud services.
Founded in 1885, Fujikura Ltd.is headquartered in K?t?, Tokyo, Japan. The company is majorly focused on R&D and manufacturing of wires and cables and mostly caters to the energy, telecommunications, electronics, and automotive industry. The company provides products related to energy, telecommunication, electronics, automotive products, new business development, and real estate. The company conducts specific R&D related to patch panels (which comes under its Cables and Equipment segment), in order to serve the patch panels market in a more efficient way.
Shenzhen Aipeng Network Technology Co., Ltd.
Established in 2018, Shenzhen Aipeng Network Technology Co., Ltd. is based in Shenzhen, China. The company is active in designing, manufacturing, and developing network communication products such as communication cables, patch cords, patch panels, keystone jacks, and fiber optic products. Within the manufacturing unit, the company provides ODM and OEM services. The company is majorly focused on cabling solutions to meet the increasing demand for communication products.
Wirewerks (The LAN Wirewerks Research Laboratories Inc.)
Founded in 1991, Wirewerks (The LAN Wirewerks Research Laboratories Inc.) is headquartered in Quebec, Canada. The company is a global manufacturer of optical fiber and copper network infrastructure systems. NextSTEP Technology of Wirewerks is used for the manufacturing of patch panels.
Patch Panels Market: Segmentation
The global patch panels market can be segmented based on:
- Panel type
Patch Panels Market Segmentation, by Panel Type
Based on panel type, the patch panels market can be divided into:
- Others (Customized)
Patch Panels Market Segmentation, by End-user
In terms of end-user, the patch panels market can be bifurcated into:
The report on the patch panels market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The patch panels market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on the market segments and geographies.
Regional analysis of the patch panels market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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