Market Overview 2022-2027:
The latest research study “Premise Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global premise cable market reached a value of US$ 7.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.68 Billion by 2027, exhibiting a CAGR of 8.70% during 2022-2027.
Industry Definition and Application:
Premise cables are extensively used to connect the phone equipment and local area networks (LAN) within a building. They work from a central location, such as a server room. Premise cables are of two kinds, namely copper and fiber optic, which provide excellent performance, reliability, and several advantages in LAN backbone cabling. As a result, these cables find widespread applications across various sectors, such as broadcast, industrial, enterprise, IT, and network security.
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Market Trends:
The escalating demand for enhanced broadcast transmission flow in the telecommunications industry is among the primary factors fueling the premise cable market. Besides this, the elevating need for high broadband services and connections, on account of the rising usage of smartphones and internet services, is further augmenting the market growth. Moreover, the growing popularity of industrial-grade premise cables, which offer reliability in harsh environmental conditions, is also catalyzing the global market.
Apart from this, the expanding construction activities in colleges, schools, server rooms, and commercial establishments are acting as significant growth-inducing factors. Additionally, the increasing utilization of copper lines in the oil and gas sector, owing to their high security, reliability, and low cost, is also stimulating the market growth. Furthermore, the introduction of automated lighting and smart power operations and the inflating requirement for multimedia devices and seamless network connectivity solutions are expected to bolster the premise cable market in the coming years.
| Premise Cable Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 7.02 Billion |
| Market forecast in 2027 | US$ 11.68 Billion |
| Growth Rate | CAGR of 8.70% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Cable Type, Application and Region |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Copper Cable
- Fiber Optic Cable
Breakup by Cable Type:
- CAT5E Cables
- CAT6 Cables
- CAT6A Cables
- CAT7 Cables
- CAT8 Cables
- Others
Breakup by Application:
- Industrial
- Broadcast
- Enterprise
- IT and Network Security
- Others
Breakup by Geography:
- 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
Competitive Landscape with Key Player:
- Belden Inc.
- CommScope
- Corning Incorporated
- Schneider Electric
- Siemens AG
- II-VI Incorporated
- NEXANS
- Prysmian Group
- SAB Bröckskes GmbH & Co. KG
- Southwire Company LLC
- The Siemon Company.
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