Latin America Copper Cable Market Overview:
The Latin America Copper Cable Market for LAN application was valued at $87.74 million in 2016, and is projected to reach at $203.35 million by 2023, growing at a CAGR of 12.55% from 2017 to 2023. A cable structure, which includes a group of copper wires bundled together and coated in a jacket or sheath is called as the copper cable. Out of all the metals present today, copper is one of the best electrical conductors. Copper wire, plated copper wire, and copper cable wire are different forms of the copper products. In addition, copper also has better thermal & electrical conductivity and resistance against corrosion.
Factors such as growth in demand for data, improved cable technology, and easy installation & connection propel the market growth. However, negative impact of Internet of Things (IoT) hinders the market growth. Furthermore, surge in demand for high-speed connectivity devices, and continuous expansion of communication sector supplements the growth of this market.
Some of the key market players studied in the report are Belden Inc., Commscope, General Cable Technologies Corporation, Hitachi, ltd., Nexans, Induscabos Electricos, Prysmian group, Leviton Manufacturing Co., Inc., Siemon, and Panduit.
Segment Overview
The Latin America copper cable market for LAN application is segmented based on types, application, and region. The type segment includes CAT5, 5E, 6, 6A, 7, and CAT 8 copper cables. The application covered in this report are industrial, commercial, and others. Based on region, the market is studied across Latin American countries, which include Brazil, Argentina, Mexico, and Rest of Latin America.
Top Impacting Factors
Growth in demand for data, improved cable technology, easy installation & connection, negative impact of Internet of Things (IoT), surge in demand for high-speed connectivity devices, and continuous expansion of communication sector are the significant factors that impact the growth of the Latin America copper cable market for LAN application. These factors are anticipated to either drive or hamper the market.
Growth in Demand for Data
Growth in demand for data on both fixed and mobile networks builds pressure on operators to invest in improved copper or fiber networks and provide connectivity in reach of consumers. In recent years, increased Internet penetration is witnessed, in terms of live content for media, which resulted in large volume of data generation. Therefore, requirement of high Internet speed and reliable data transmission cables drive the growth of the copper cable.
Improved Cable Technology
The cable technology has witnessed continuous innovation over the years. They are mainly categorized into copper and fiber-optic cables. Copper cables find wide applications due to their low cost and high security & reliability, whereas fiber-optic cables are applicable in areas such as oil & gas industry. Copper cables range from Category 1 to Category 8, depending upon the frequency and rate of data transmission. The most recommended cable is Category 5 with data transmission speed of 100 MBits/s, which is widely used for broadcast and IT applications, which fuels the growth of the copper cable market.
Surge in Demand for High-speed Connectivity Devices and Systems
High-speed connectivity devices and systems gain popularity among the industrial applications to cater to the need of smooth and secure transmission of data. The use of high-speed networking lines helps the manufacturing facilities to analyze real-time data and improvise the production processes accordingly. For many connected devices such as networked surveillance cameras or IP cameras, there is a need of two connections, which include electrical connection and the actual network connection. Premise cabling provides several common techniques to transmit PoE cabling. Two of them were standardized by IEEE 802.3 in 2003. This advantage of such cables is expected to provide lucrative opportunities to the market.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the Latin America copper cable market for LAN application with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
- Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
Latin America Copper Cable Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Country |
|
 Key Market Players | LEVITON MANUFACTURING CO., INC., PRYSMIAN GROUP, COMMSCOPE HOLDING COMPANY, INC. (COMMSCOPE), GENERAL CABLE TECHNOLOGIES CORPORATION, INDUSCABOS ELÉTRICOS, THE SIEMON COMPANY, BELDEN INC. (ALPHA WIRE), PANDUIT CORP, HITACHI, LTD., NEXANS S.A. |
Analyst Review
The Latin America copper cable market for LAN application is expected to witness high growth rate due to growth in demand for data, improves cable technology and easy installation & connection.
The Latin America copper cable market for LAN application signifies a promising picture for the cabling industry. The current business scenario has witnessed an increase in the demand of copper cables for LAN application particularly in the developing regions. The companies adopt innovative techniques such as product launch, product developments, and partnerships in an effort to provide customers with advanced and innovative product offerings.
The Latin America copper cable market for LAN application is projected to witness considerable growth, especially in Argentina owing to and easy installation & connection, and growth in demand for data.
Rest of Latin America (Except Brazil, Argentina, and Mexico) is expected to lead the Latin America copper cable market for LAN application throughout the forecast period (2017-2023). However, Argentina has the highest CAGR throughout the forecast period.
North America holds majority of the shares and lead the structured cabling market in 2016. From growth perspective, LAMEA and Asia-Pacific are the two potential markets, expected to witness considerable increase in growth rates during the forecast period (2017-2023). LAMEA is expected to grow at a highest rate during the forecast period.
Belden Inc., Commscope, General Cable Technologies Corporation, Hitachi, ltd., Nexans, Induscabos Electricos, Prysmian group, Leviton Manufacturing Co., Inc., Siemon, and Panduit are key market players that occupy a significant revenue share in the Latin America copper cable market for LAN application.
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