North America Ethernet Cable Market Expected to Reach $3.97 Billion by 2028-Allied Market Research

According to a new report published by Allied Market Research, titled, “North America Ethernet Cable Market by Cable Category, Type, Application, and Cable Structure: Regional Opportunity Analysis and Industry Forecast, 2021–2028,” the North America Ethernet cable market size was valued at $1.32 billion in 2019, and is projected to reach at $3.97 billion by 2028, growing at a CAGR of 13.4% from 2021 to 2028.

Ethernet cable is a network cable used to connect devices such as PCs, routers, and switches to create a local area network (LAN). Ethernet cable is a resemblance to traditional phone cable, however, has a larger and more wired cable. It is designed to work with Ethernet ports, which can be found on routers, computers, TVs, and other internet-enabled devices. Further, Ethernet cables are used to connect a Wi-Fi router or modern to crested LAN or WAN through an internet entry port or telephone line. This cable system can transfer 100 to 400 (Gbps) data per second.

Rise in growth of power over Ethernet technology in industrial sector, owing to increase in demand for reliable data transferring systems, adoption of Internet of Things (IoT), and surge in demand for highly reliable network with low security threats are expected to drive growth of the market. However, growth of wireless technology in residential and commercial sector and high installation cost hampers adoption of Ethernet technology in North America. Further, increase in use of Ethernet technology, owing to high data transfer system is expected to provide lucrative opportunities for the North America Ethernet cable industry during the forecast period. The CAT 6A segment was the highest contributor to the market in 2019.

The CAT 6A and CAT 6 segments collectively accounted for around 33.2% market share in 2019. Surge in adoption of internet fuels growth of the fiber optic cable segment; thereby, enhancing the North America Ethernet cable market growth.

Emergence of COVID-19 has significantly impacted the North America Ethernet cable industry. Surge in adoption for work from home strategy across various industries, owing to sudden lockdown has significantly increased the demand for Ethernet cable during the pandemic. However, rise in prices of copper, owing to disruption in global supply chain acts as a restrain for growth of Ethernet cable system technology. Further, rise in COVID-19 cases across North America is expected to boost adoption of high-speed internet technology in residential sectors. Hence, the residential sector in North America is expected to witness prominent growth post-pandemic for North America Ethernet cable systems.

Country wise, the North America Ethernet cable market trends are analyzed across the U.S., Canada, and Mexico. The U.S. remains a significant participant in the North America supply chain market as major Ethernet cable solution provider organizations in the country are intensely putting resources into technology; for instance, usage of high-speed data transfer system up to 400 Gbps.

Key Findings Of The Study

• In 2019, the CAT 6A accounted for the maximum revenue and is projected to grow at a notable CAGR of 14.2% during the forecast period.
• The commercial and industrial segment together accounted for around 89.2% of the North America Ethernet cable market share in 2019.
• The fiber optic cable of the North America Ethernet cable market is projected to growth at a CAGR of 17.0% during the forecast period.
• U.S. region contributed major share in North America Ethernet cable market, accounting for more than 74.4% share in 2019.

The key players profiled in the report include Anixter International, Inc., Belden Inc., Prysmian Group, Nexans SA, Cables-to-Go (CGC), Black Box Corporation, Siemon, Schneider Electronic, Siemens AG, Hitachi. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the North America Ethernet cable market.