The NA and APAC high speed copper cable market size is expected to reach US$ 6.80 billion by 2031 from US$ 4.05 billion in 2023. The market is estimated to record a CAGR of 6.7% from 2023 to 2031. The growing demand for customized cooling fans is likely to bring new trends in the market during the forecast period.
The NA and APAC high speed copper cable market is predicted to witness strong growth during the forecasted period owing to the high requirement for faster data transfer. As a large amount of data is utilized for video meetings, remote server access, large file transfers, online gaming, and social networking, the demand for high speed copper cables for faster data transfer is increasing tremendously. In addition, the growing deployment of 5G networks worldwide to increase connectivity fuels the market growth. Moreover, North America and Asia Pacific are witnessing an increase in the number of hyperscale data center construction projects owing to the growing demand for data storage, which is expected to create an opportunity for the growth of the high speed copper cable market during the forecast period. Moreover, the growing adoption of generative AI is expected to propel the growth of the NA and APAC high speed copper cable market in the coming years.
The high speed cable has been built and tested to handle video resolutions up to 1080p and beyond, as well as advanced display technologies such as 4K@30Hz, 3D, and Deep Color. The demand for high speed cables is increasing as people seek faster speeds, larger bandwidths, and lower latencies. Also, the growing adoption of artificial intelligence (AI), machine learning (ML), streaming, and other high-performance technologies and applications is driving the demand for high speed copper cables.
The 5G network is ∼100 times faster than the 4G network, making real-time data acquisition easier. The 5G network provides strong connectivity and high speed data transfer. According to the Groupe Speciale Mobile Association (GSMA), North America has the highest 5G penetration, with 39% in 2022; it is expected to reach 91% by 2030. 5G penetration in Asia Pacific (except China) is expected to increase from 4% in 2022 to 41% by 2030. As 5G is the critical new-generation network technology that can enable innovation and support digital transformation, its demand is increasing across North America and Asia Pacific. As a result, governments of various countries in these regions are investing in 5G infrastructure. In January 2021, the government of South Korea announced its plan to expand the coverage of the next-generation mobile networks, particularly 5G, to 85 cities from 7 major cities. It invested ~US$ 115.89 million (127.9 billion won) in the same year to encourage the use of private 5G networks. Growing investments in 5G will support developments in improving connectivity and acquiring real-time data. In addition, the growing deployment of 5G introduces new technologies such as precision agriculture, autonomous vehicles, augmented reality, etc. Therefore, the emergence of the 5G network fuels the growth of the NA and APAC high speed copper cable market.
The ever-increasing demand for data storage is fueling the need for more hyperscale data centers in North America and Asia Pacific. In addition, the growing adoption of advanced technologies such as automation, artificial intelligence (AI), data analytics, data processing, data storage, and other big data computing applications is encouraging organizations to construct more hyperscale data centers. A few examples of hyperscale data center projects in North America and Asia Pacific are mentioned below:
Hyperscale data centers require high speed copper cables as they provide unparalleled speed, cost-efficiency, and reliability. Also, these cables seamlessly integrate with switches, routers, and servers and ensure flexibility in network design and device integration. Thus, the growing construction of hyperscale data centers is expected to create lucrative opportunities for the NA and APAC high speed copper cable market growth during the forecast period.
Key segments that contributed to the derivation of the NA and APAC High Speed Copper Cable Market analysis are type and data center type.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.05 Billion |
| Market Size by 2031 | US$ 6.80 Billion |
| Global CAGR (2023 - 2031) | 6.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The NA and APAC High Speed Copper Cable Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the NA and APAC High Speed Copper Cable Market are listed below:
(Source: Samtec, Press Release, August 2023)
(Source: Systemair AB, Press Release, September 2024)
The "NA and APAC High Speed Copper Cable Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The List of Companies - NA And APAC High Speed Copper Cable Market
The NA and APAC High Speed Copper Cable Market was estimated to be US$ 4.05 million in 2023 and is expected to grow at a CAGR of 6.7 % during the forecast period 2023 - 2031.
The rise in demand for faster data transfer and the emergence of 5G are the major factors that propel the NA and APAC High Speed Copper Cable Market.
Rising Adoption of Generative AI is anticipated to play a significant role in the NA and APAC High Speed Copper Cable Market in the coming years.
The key players holding majority shares in the NA and APAC High Speed Copper Cable Market are TE Connectivity Ltd, Molex LLC, Samtec Inc, Amphenol Corp, Yamaichi Electronics Co., Ltd., Credo Technology Group Holding Ltd, JPC Connectivity, NVIDIA Corp, Volex Plc, and The Siemon Co.
The NA and APAC High Speed Copper Cable Market is expected to reach US$ 6.80 billion by 2031.
The incremental growth expected to be recorded for the NA and APAC High Speed Copper Cable Market during the forecast period is US$ 2.75 billion.