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According to the latest report released by Allied Market Research, the Latin American local area network (LAN) copper cable market demand is expected to reach $203.
35 million by 2023, with a CAGR of 12.
55%
during the period.
Rest of Latin America (excluding Brazil, Argentina, and Mexico) is expected to lead the Latin American copper market in LAN adoption throughout the forecast period, followed by Brazil
.
Argentina is expected to grow
at the highest CAGR during the forecast period.
Factors such as growing data demand, improved cable technology, and ease of installation and connectivity are driving LAN applications
in the Latin American copper cab market, according to the report.
However, the negative impact of the Internet of Things (IoT) hampers the growth of the market
.
In 2017, CAT 6 cables dominated the Latin American copper market in LAN applications
in terms of market revenue.
According to the market, industrial applications dominate the entire Latin American market
.
However, residential applications are expected to exhibit the highest CAGR
throughout the forecast period.
The growing demand for fixed and mobile network data is putting pressure on operators to invest in improved copper or fiber networks and provide consumers with higher-quality connectivity
.
In recent years, in terms of live content in the media, it has witnessed an increase in internet penetration, which has led to a large amount of data generation
.
Therefore, the demand for high internet speeds and reliable data transmission cables is driving the growth
of copper cables.
Over the years, cable technology has continued to innovate
.
They are mainly divided into copper cables and optical cables
.
Copper cables are widely used due to their low cost and high safety and reliability, while fiber optic cables are suitable for fields such as
the oil and gas industry.
Copper cables range from Category 1 to Category 8, depending on the frequency and rate of
data transmission.
From the perspective of market suppliers, Belden Cable, CommScope Cable, Prysmian (including the acquired General Cable), Hitachi, Nexans, Siemon, Panduit, Leviton, etc.
will become the world's leading LAN copper cable manufacturers
.
According to the latest report released by Allied Market Research, the Latin American local area network (LAN) copper cable market demand is expected to reach $203.
35 million by 2023, with a CAGR of 12.
55%
during the period.
Rest of Latin America (excluding Brazil, Argentina, and Mexico) is expected to lead the Latin American copper market in LAN adoption throughout the forecast period, followed by Brazil
.
Argentina is expected to grow
at the highest CAGR during the forecast period.
Factors such as growing data demand, improved cable technology, and ease of installation and connectivity are driving LAN applications
in the Latin American copper cab market, according to the report.
However, the negative impact of the Internet of Things (IoT) hampers the growth of the market
.
In 2017, CAT 6 cables dominated the Latin American copper market in LAN applications
in terms of market revenue.
According to the market, industrial applications dominate the entire Latin American market
.
However, residential applications are expected to exhibit the highest CAGR
throughout the forecast period.
The growing demand for fixed and mobile network data is putting pressure on operators to invest in improved copper or fiber networks and provide consumers with higher-quality connectivity
.
In recent years, in terms of live content in the media, it has witnessed an increase in internet penetration, which has led to a large amount of data generation
.
Therefore, the demand for high internet speeds and reliable data transmission cables is driving the growth
of copper cables.
Over the years, cable technology has continued to innovate
.
They are mainly divided into copper cables and optical cables
.
Copper cables are widely used due to their low cost and high safety and reliability, while fiber optic cables are suitable for fields such as
the oil and gas industry.
Copper cables range from Category 1 to Category 8, depending on the frequency and rate of
data transmission.
From the perspective of market suppliers, Belden Cable, CommScope Cable, Prysmian (including the acquired General Cable), Hitachi, Nexans, Siemon, Panduit, Leviton, etc.
will become the world's leading LAN copper cable manufacturers
.
