According to the estimations put forth by
Inkwood Research, the Global Patch Cable Market is predicted
to project a CAGR of 7.13% in terms of revenue during the forecasting years of
2019-2028.
“Browse 53 Market Data Tables and 50 Figures
spread over 170 Pages, along with an in-depth TOC on the Global Patch Cable Market Forecast
2019-2028.”
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A patch cable is a generic term referring
to cabling connecting two electronic devices, typically within a network. They
are also known as patch cords, due to the presence of connectors on both ends,
connecting the power source and end device. Patch cables are often utilized for
short distances, especially in offices as well as wiring closets.
Improved
Cable Application Fuels Market Growth
Cable technology has observed significant
and continual innovations, over the years. They are primarily classified into
fiber-optic and copper cables. Copper cables experience vast applications, because
of their low price, high security, and reliability. They range from Category 1
to Category 8, mainly depending on the rate of data transmission and frequency.
However, Category 6A is the most recommended cable, with a data transmission
speed of 10,000 Mbps. They are widely utilized in CDDI, ATM, broadband, digital
video, and baseband analog videos. On the other hand, fiber-optic cables are applied
in sectors, such as the oil and gas industry.
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Industrial
Projected to be the Dominating End-User
Patch cables are mainly used for industrial
purposes, to connect, control, and transmit data between machines and systems.
Ethernet used in an industrial setting usually needs stronger cables,
connectors, and enhanced performance during harsh conditions. With industrial
patch cables, the data transmission rate ranges from 10 Mbit/s to 1 Gbit/s. The
most popular speed used in numerous industrial Ethernet applications is the
data transmission rate of 100 Mbit/s. As a result, high-speed, reliability, the
rising automation technology, and increased industrialization are anticipated
to bolster the market growth.
Asia
Pacific to be the Prominent Region by 2028
The increased demand for the internet in
emerging countries, like, China, India, and Taiwan, the rising
industrialization rates, and the growing awareness linked with the advantages
of patch cable, are projected to fuel the region’s market growth. Additionally,
technological developments, incorporated with the increased penetration of
Fiber to the X (FTTX), have considerably driven the market growth in the Asia
Pacific. The region harbors lucrative market opportunities, mainly due to the
rapid acceptance of the technology within the administrative, and, the IT and
telecommunication sectors. Moreover, patch cable’s surging adoption across the
healthcare and medical division, further augments the region’s market growth.
Numerous enterprises within the global
patch cable market manufacture different kinds of products. Moreover, companies
are also introducing distinct innovations to upgrade their businesses, and step
up into the market. As a result, the industry rivalry is anticipated to be
high, over the forecast years. Major companies operating in the market include
Corning, CP Technologies, CommScope, General Cable, Legrand North America LLC,
Black Box, etc.
About
Inkwood Research
Inkwood Research specializes in syndicated
& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
Contact Us
https://www.inkwoodresearch.com
+1 857-302-4704
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