The global networking cable market is anticipated to grow at a significant CAGR during the forecast period 2024-2031. The networking cables are utilized to provide a connection from one network device to another network device. This cable enables multiple computers, switches, routers, and storage area networks to connect and share various information and data within a LAN network. The types of networking cable that are widely used in communication systems include fiber optic cable, coaxial cable, and twisted pair cable.
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In various industrial verticals including IT and telecommunication, broadcast media, and others, the demand for power over industries (PoI) is increasing at a significant rate. This, in turn, is anticipated to drive the growth of the global networking cable market owing to providing a network connection in such industrial verticals. Additionally, the rising demand for higher bandwidth, low latency, secure, and high-speed networking technologies is further expected to surge the implementation of networking cables and drive the growth of this market during the forecast period.
Furthermore, the key vendors present in the global networking cables market include Alpha Wire, Lapp Group, Belden, Allied Electronics, among others. These vendors adopt various strategies to sustenance the market growth and remain competitive in the market during the forecast period. The strategies include product launches, technological advancement, research & developments, partnership & collaboration, market expansion, and others. For instance, in December 2021, Phoenix Contact announced the launch of High-Flex Ethernet Cordset in its cabling portfolio. Phoenix Contact High-flex Ethernet Cordsets can be run next to power circuits and have Power over Ethernet (PoE) capability and offers increased longevity in demanding industrial and robotic applications. The cable features a 600V cable jacket voltage rating and a 24AWG wire size with efficient capability to provide up to 20 million lateral flex bend cycles and up to 4.8 million torsional flex cycles.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape- Alpha Wire, Lapp Group, Belden, Allied Electronics, General Cable, LEMO USA, Radwell International, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Networking Cable Market by Segment
By Networking Type
- Fiber Optic Cable
- Twisted Pair Cable
- Coaxial Cable
By Downstream Field
- Household
- Commercial
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