Global patch cable market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 10.10% during the forecast period.
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Global patch cable market Definition
A patch cable is a type of optical or electrical cable with connectors on both the ends. It is also called as patch lead and patch cord. This cable is basically used to connect one optical or electronic device to another for signal routing.
Global patch cable market Dynamics
A surge in the adoption of patch cables in corporate offices for short-distance connections such as to connect a desktop, laptop and other end devices is major driving factor behind the growth of market. A growing demand for high speed connectivity systems and devices, improved cable applications in various end user industries, rising development in data centers, ongoing advancements in 5G technology, increasing necessity of internet and growing demand of Ethernet patch cables in home computer networks are expected to improve growth of the market during the forecast period.
However, a negative outcome of internet of things is the major restraining factor that could hinder the growth of the market.
Global Patch Cable Market: Segmentation Analysis
By type, copper cable segment dominated the market in 2019. However, fiber optic segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A surge in the adoption of fiber optic patch cable in telecommunication equipments is accredited to the growth of market. The fiber optic patch cable provides some benefits such as high bandwidth, fast speed, high reliability and flexibility and low total cost of ownership are making them more demandable in various end user applications, which are ultimately impelling the market growth. In addition, rising introduction of fiber optic patch cables by various manufactures for applications such as data communication, link aggregation, mobility or wireless infrastructure, harsh environments and military and aerospace applications is further expanding market growth.
By industry, IT, telecommunication and consumer electronics segments dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising significance of patch cables for connections in cable television (CATV), fiber test equipments, computer fiber networks and telecommunication networks and in other applications such as fiber to the home (FTTH), fiber optic sensor (FOS), local area networks, optical fiber transmitted and connected equipments and in fiber optic communication systems are expected to improve growth of the market during the forecast period.
Global Patch Cable Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is projected to witness high growth at CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the growing adoption patch cable in data centers across the region.
A massive presence of data centers, growing technological advancements in 5G infrastructure, rising investment in research and development activities in the field of cable connection technology and well-established IT industry is driving the growth of the market in NA region.
The objective of the report is to present a comprehensive analysis of the Global Patch Cable Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Patch Cable Market dynamics, structure by analyzing the market segments and projects the Global Patch Cable Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Patch Cable Market make the report investor’s guide.
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Global Patch Cable Market, By Type
• Copper Cable
• Fiber Optic
Global Patch Cable Market, By Cable Type
• Multimode Optical Fiber
Global Patch Cable Market, By Application
Global Patch Cable Market, By Industry
• IT Telecommunications
• Consumer Electronics
Global Patch Cable Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Patch Cable Market, Key Players
• NAI Group, LLC
• Black Box
• General Cable
• Legrand North America LLC
• CP Technologies
• Panduit Corp
• Quabbin Wire Cable Corporation
• Major Custom Cable Inc
• Schneider Electric
• Graybar Services, Inc
• Belden Inc
• Prysmian S.p.A
• Orient Cables (India) Private Limited
• Savitri Telecom Services
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