Global Ethernet Cables Market to Reach $34.7 Billion by 2030
The global market for Ethernet Cables estimated at US$17.4 Billion in the year 2023, is expected to reach US$34.7 Billion by 2030, growing at a CAGR of 10.4% over the period 2023-2030. Copper Cable, one of the segments analyzed in the report, is expected to record 11.2% CAGR and reach US$19.7 Billion by the end of the analysis period. Growth in the Fiber Optic Cable segment is estimated at 9.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 14% CAGR
The Ethernet Cables market in the U.S. is estimated at US$4.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 14% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook