Ethernet Cable Market Outlook - 2026
The global ethernet cable market size was valued at USD 7.60 Billion in 2018, and is estimated to reach USD 21.36 Billion by 2026, growing at CAGR of 13.5% from 2019 to 2026.
Ethernet is a system that enables connection of a number of computers over a single network, thus making communication between devices easier. Ethernet is the global standard for a system of wires and cables to adjoin multiple computers, devices, and machines over an organization’s single network to interconnect all the computers.
Networking cables are used to join one network device to other network devices or to connect two or more computers to share printer, scanner, and other devices. Different types of network cables such as coaxial cable, optical fiber cable, and twisted pair cables are used depending on the network's topology, protocol, and size. Moreover, various categories of copper cables are available in the market with different transmission speeds. CAT 8 Ethernet cables are the latest types of copper cables with bandwidth more than 2,000 Mbps.
The advantage of higher speed & lower latency, improved reliability & low security threats, and easy installation & connection are the key factors that drive the growth of the global ethernet cable market. In addition, increase in preference for Ethernet cables over wireless or Bluetooth connectivity for high-speed transfer is anticipated to propel the global ethernet cable market growth. Furthermore, improved reliability of these cables to transmit data seamlessly and rise in need to deploy them boost the market growth. Moreover, easy installment and setup connections of Ethernet cables as compared to wireless technologies significantly contribute toward the growth of the global ethernet cable industry.
However, Ethernet cable connection facilities are available only to a limited area and do not support all kinds of portable devices. Thus, limited physical availability for devices is expected to hinder the ethernet cable market growth. On the contrary, rise in demand for power over Ethernet (PoE) cables is expected to provide lucrative growth opportunities in emerging economies, as these cables enable to carry electrical power along with providing data connection.
The global ethernet cable market is segmented into type, application, cable structure, and region. On the basis of type, the market is bifurcated into copper cable and fiber-optic cable. The copper cable segment is further divided into network cable (CAT3, CAT5, CAT5e, and others) and PoE cable (CAT6, CAT6A, CAT7, and CAT8). Fiber-optic cable is subsegmented into single-mode cables and multi-mode cables. In 2018, the copper cable segment dominated the market in terms of volume and revenue, owing to its cost-effectiveness and more flexibility as compared to fiber-optic cable. However, the fiber optic-cable segment is expected to showcase noteworthy growth during forecast period, as it provides better performance and safety in extreme conditions.
FThe applications covered in the study include residential, commercial, and industrial segments.
The industrial segment is subsegmented into transportation, IT & telecom, oil & gas, and energy & power. The commercial segment is further divided into office buildings, healthcare, and retail. In 2018, the commercial segment dominated the global market in terms of revenue and is expected secure leading position during the forecast period.iber optic cable segment is projected as one of the most lucrative segments.
commercial segment is expected to secure leading position during forecast period.
Depending on cable structure, the ethernet cable market size is bifurcated into unshielded twisted pair and shielded twisted pair. The shielded pair cable segment is anticipated to witness considerable growth, owing to the fact that they provide enhanced performance and safety in extreme conditions. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Europe region would exhibit the highest CAGR of 26.0% during 2019-2026
Top Impacting Factors
The significant impacting factors impacting the growth of the global ethernet cable market include higher speed & lower latency, improved reliability & low security threats, and easy installation & connection. However, high installation cost and limited physical availability for devices in Ethernet cable industry pose a major threat, thus hampering the market growth globally. Conversely, rise in demand for power over Ethernet (PoE) in industries is projected to offer remunerative opportunities for market expansion. Each of these factors is anticipated to have a definite impact on the ethernet cable market during the forecast period.
Some major factors impacting the market growth are given below:
Higher speed & lower latency offering
Over time, the internet and network connectivity have become necessary for the growth of a business or industry. Ethernet cables provide more speed as compared to other networking methods such as Wi-Fi or Bluetooth technology, which fuels their demand across the globe, thereby positively impacting the growth of the market.
High reliability & low security threats
Ethernet cables are widely used in various industries and broadcast applications, where reliability of the connection is an important concern. Moreover, these cables are reliable as compared to other networking techniques, which boosts their need, thus driving the market growth.
Easy installation & connection
Ethernet cables are easy to install and simple to use. Moreover, negligible connection problems, which are observed quite frequently in wireless technologies, propels their demand, which, in turn, accelerates the growth of the market. This is attributed to the fact that Ethernet cables are chained together with connectors and "T" adapters.
The global ethernet cable market report provides a comprehensive analysis of major market players such as Belden Inc., General Cable Technologies Corporation, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Commscope, and Prysmian Group. Furthermore, prominent strategies such as product launch, business expansion, acquisition, and others are adopted by leading players to strengthen their business reach and position in the global ethernet cable market. For instance, Prysmian Group acquired General Cale Technologies Corporation in December 2017. With this acquisition, the Prysmian Group improved its product offering and reach in the U.S. Ethernet cables market.
Key Benefits for Ethernet Cable Market :
Ethernet Cable Market Segments:
By Cable Structure