Patch Cable Market Trends, Demand, Data and Forecast Report 2023-28

IMARC Group, a leading market research company, has recently releases report titled “Patch Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global patch cable market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the patch cable market?

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.

What are Patch Cable?

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.

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What are the growth prospects and trends in the Patch Cable industry?

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.

Who are the key players operating in the industry?

The report covers the major market players including: 

• AGC Networks Limited
• CommScope Inc.
• Corning Incorporated
• CP Technologies
• Legrand
• NAI Group LLC
• Panduit
• Prysmian Group
• Quabbin Wire & Cable Co. Inc.
• Schneider Electric SE.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 
• Europe 
• Asia Pacific 
• Latin America
• Middle East and Africa

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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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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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