Lucintel Forecasts the Global Patch Cable Market to Reach $6.1 billion by 2030
Lucintel Forecasts the Global Patch Cable Market to Reach $6.1 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global patch cable market looks promising with opportunities in the industrial, enterprise, and IT and network security markets. The global patch cable market is expected to reach an estimated $6.1 billion by 2030 from $3.7 billion in 2024, at a CAGR of 8.9% from 2024 to 2030. The major drivers for this market are increasing need for high-speed network infrastructure within production facilities, aimed at enabling real-time data analysis, enhancing production procedures, and ensuring seamless and secure data transmission, as well as, on-going advancements in cable technologies and increasing application of patch cables for power over ethernet (PoE) transmission improvements.
A more than 150-page report to understand trends, opportunity and forecast in patch cable market to 2030 by product type (copper cables and fiber optics), cable type (CAT 3, CAT 5, CAT 5E, CAT 6, CAT 6A, CAT 7, multimode optical fibers, and others), application (networking and non-networking), end use industry (industrial, enterprises, IT and network security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that copper cables will remain the higher growing segment over the forecast period because of a growing commitment to modernizing intelligent power transmission and distribution systems, along with the emergence of smart grid technologies.
Within this market, IT and network security will remain the largest segment over the forecast period due to increasing security issues and expansion of the IT industry.
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North America will remain the largest region over the forecast period due to the establishment of data centers in conjunction with the introduction of 5G networks in the area, as well as the integration of state-of-the-art technologies across diverse sectors, encompassing government, residential, commercial, transportation, and logistics in this region.
AGC Networks Limited, CommScope, Corning Incorporated, CP Technologies, Legrand, NAI Group, Panduit, Prysmian Group, Quabbin Wire & Cable, Schneider Electric are the major suppliers in the patch cable market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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