DUBLIN, April 08, 2022–(COMMERCIAL WIRE)–The “North America Industrial Ethernet Cable Industry Outlook – Forecast (2020-2025)” Report has been added to ResearchAndMarkets.com offering.
North America Industrial Ethernet Cable market size is $264 million in 2018 and is expected to grow at a CAGR of 11.64% during the forecast period 2020-2025.
The US dominates the North American industrial Ethernet cable market due to the presence of more players and increased investments in industrial infrastructure.
The benefits associated with industrial Ethernet cables are high data transfer speed, higher reliability and fewer interface possibilities, low security threats and easy installation have driven the demand for industrial Ethernet cables through wireless connectivity or Bluetooth.
The high adoption of advanced technologies such as automation and the Internet of Things (IoT) in North American industries is bound to drive the demand for industrial Ethernet cables, thus fueling the growth of the market.
The aerospace and defense sector has dominated the application segment of Ethernet cables due to the high need for security and Internet connection.
Protocol – Segment Analysis
Ethernet/IP has the largest share of the North American industrial Ethernet cable market. With the rise of automation technology and process control in industries, there has been a wide adoption of the Ethernet/IP protocol for cables. Industrial Ethernet protocols are designed with this protocol to withstand vibration, oil, dust, heat, electromagnetic noise, and other industrial conditions.
This protocol allows maximum flexibility for future system expansion, including the ability to add digital inputs/outputs (I/O) or remote sensors at any time. It can also perform control and configuration management and exchange data, reducing the amount of wiring required for a system, reducing wiring costs and saving time and money. This set to drive market growth.
Application – Segment Analysis
The aerospace and defense industry has been the top application for the North American industrial Ethernet cable market and is expected to grow at a CAGR of 12.35% during the forecast period 2020-2025.
There has been a growing adoption of Ethernet cables in the North American aerospace and defense industry due to the significant increase in investments in this sector. For example, according to the Stockholm International Peace Research Institute (SIPRI), military spending rose from $631 billion to $670 billion in North America. Additionally, there has been an increasing number of aircraft and unmanned aerial vehicles providing even more opportunities for industrial Ethernet cables in the North American region.
Geography – Segment Analysis
The US dominated the North American industrial Ethernet cable market with a 75.28% share, followed by Canada and Mexico. Early adoption of advanced technologies and high investment in industrial infrastructure to drive the industrial Ethernet cable industry in the US region.
The need for faster Internet connectivity, secure and reliable transmission medium in industries, and reliance on large numbers of advanced technology transmission and industrial applications have also fueled the growth of the market. Increasing demand for fiber optic Ethernet cable applications and a significant increase in the number of Internet users in various applications are anticipated to drive market growth.
advances in technology
There is an increasing adoption of automation or process control technologies in various industries such as automotive, aerospace, food and beverage, oil and gas, and other industries in North American countries, primarily in the US Automation reduces the degree of manual operation required, which increases throughput. as well as guarantee a minimum human intervention. The growing importance of automating various manufacturing processes is likely to increase the demand for industrial Ethernet cables in North America.
High reliability and low security threats
Ethernet cables are widely used in various industries and transmission applications, where connection reliability is a major concern. Compared to other cable networking techniques, Ethernet cables are very reliable in industries that have driven market growth.
Challenges – North American Industrial Ethernet Cable Market
Growing application of wireless networks
With North America being the fastest growing region in early adoption of advanced technologies, there has been an increasing adoption of wireless networks that will hamper the growth of the North American industrial Ethernet cable industry. For example, Cat 5 industrial Ethernet cables are prone to electrical and radio interference. This cable is also not suitable for data transfer over short distances which causes a big problem in network connection and this slows down the growth of the market.
Acquisitions and R&D activities are the key strategies adopted by players in the North America Industrial Ethernet Cable market. The top 10 companies in the North American industrial Ethernet cable market are Belden Inc, General Cable Technologies Corporation, Siemon, Schneider Electric, Anixter Inc, Siemens, Hitachi, Ltd, Rockwell Automation, Inc, Prysmian Group, among others.
For more information on this report, visit https://www.researchandmarkets.com/r/qoanhd
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