Ethernet Cable Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 - 2030– Advancement in the field of network connectivity and upsurge in the demand for high speed, consistent and secured network are the leading factors witnessing the growth and development of Ethernet cable market.
The Global Ethernet Cable Market size was valued at $10.47 billion in 2019, and is estimated to reach $29.28 billion by 2030, growing at CAGR of 9.8% from 2020 to 2030.
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Top Companies: Belden Inc., General Cable Technologies Corporation, Nexans, SAB Brockskes GmbH & Co. KG, Siemon, Schneider Electric and others. These players have been launching new and innovative products to remain competitive in the market. For instance, ethernet switches launched by Belden Inc such as OCTOPUS 8TX-EEC and OCTOPUS 8TX PoE-EEC with protective metal housing are designed for reliable and secure data transmission and video streaming in harsh industrial environments.
The Ethernet Cables proved to highly successful in earning the trust of the people globally by providing a secured connection, high speed connectivity, lower latency and guaranteed bandwidth to each of the connected devices. These cables are reliable and offers higher security for the data as compared with other wireless technologies with connectivity and installation issues. The increasing demand for ethernet cables due to expansion of internet both in urban and rural areas is one of the driving factors for ethernet cable market across the globe. However, due to the portability issue, it takes additional time and cost during the expansion of ethernet networks, which in turn is expected to hamper the market growth. However, rise in demand for power over ethernet cables is predicted to create new growth opportunities for the market players in the coming years.
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The ethernet cable market is segmented on the basis of type, application, cable structure, and region. By type, the market is segmented into copper cable and fiber-optic cable. The copper cable segment is further classified into network cable and PoE cable. Fiber-optic cable is sub divided into single-mode cables and multi-mode cables. On the basis of cable structure, the ethernet cable market size is bifurcated into unshielded twisted pair and shielded twisted pair cable. On the basis of region, the market is bifurcated across North America, Europe, Asia-Pacific, and RoW.
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