According to the latest report by IMARC Group, titled “Patch Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” the global patch cable market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.53% during 2023-2028.
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A patch cable, also known as a patch cord, is used to connect one electronic or optical device to another for signal routing. It carries telephonic, audio, and video signals between non-networked devices, such as headphones and microphones. Patch cables are manufactured in various colors and can range between 3 inches to 20 feet. However, some applications require longer cables for looping to allow flexible movement and prevent potential damage. At present, the increasing need for data transfer and networking in various commercial activities is escalating the demand for patch cables across the globe.
Global Patch Cable Market Trends:
The market is primarily driven by the increasing demand for a high-speed network in production facilities to evaluate real-time data, improve production processes and offer secure data transmission. In addition, the rising adoption of patch cables in transmitting power over ethernet (PoE) represents another major growth-inducing factor. Besides this, the market is further propelled by the development of data centers to store, manage, and disseminate massive amounts of data. Moreover, due to the emergence of the 5G network, patch cables are extensively utilized to connect equipment within the radio access network (RAN) and back to the core and routing network infrastructure. This, coupled with the widespread utilization of patch cables in residential and institutional spaces due to various benefits, such as low latency and noise interference, easy installation, and reliability, is positively influencing the market growth. Furthermore, rapid technological advancements in healthcare, telecommunication, and administrative sectors and the growing penetration of fiber to the x (FTTx) are anticipated to create a positive market outlook in the coming years.
Patch Cable Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global patch cable market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AGC Networks Limited
- CommScope Inc.
- Corning Incorporated
- CP Technologies
- Legrand
- NAI Group LLC
- Panduit
- Prysmian Group
- Quabbin Wire & Cable Co. Inc.
- Schneider Electric SE.
Key Market Segmentation:
The report has segmented the global patch cable market on the basis of product type, cable type, application and end use.
Breakup by Product Type:
- Copper Cable
- Fiber Optics
Breakup by Cable Type:
- CAT 3
- CAT 5
- CAT 5E
- CAT 6
- CAT 6A
- CAT 7
- Multimode Optical Fiber
- Others
Breakup by Application:
- Networking
- Non-Networking
Breakup by End Use:
- Industrial
- Enterprise
- IT and Network Security
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iran, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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