NA and APAC High Speed Copper Cable Market is expected to reach US$ 6.80 Billion by 2031

Rise in Demand for Faster Data Transfer Boosts NA and APAC High Speed Copper Cable Market Growth

According to our latest market study on "NA and APAC High Speed Copper Cable Market Size and Forecast (2021–2031), Regional Share, Trend, and Growth Opportunity Analysis — by Type, Application Bandwidth, and End Users," the NA and APAC high speed copper cable market was valued at US$ 4.05 billion in 2023 and is anticipated to reach US$ 6.80 billion by 2031; it is estimated to record a CAGR of 6.7% from 2023 to 2031. The report includes growth prospects in light of current NA and APAC high speed copper cable market trends and driving factors influencing the market growth.

Data usage is expanding every year, and the communications industry plays a major role in fulfilling the demand for managing data usage. Also, the demand for the fastest data transfer is growing, with a majority of the population working and learning from home after the onset of the COVID-19 pandemic. This remote paradigm has increased the usage of Internet services in North America and Asia Pacific. Furthermore, a large amount of data is utilized for video meetings, remote server access, large file transfers, online gaming, and social networking. At the beginning of 2023, the US had ~311.3 million internet users, and internet penetration stood at 91.8% in the country. Also, in January 2023, there were approximately 246.0 million social media users or 72.5% of the total population in the country. Similarly, in January 2023, there were 1.05 billion internet users in China, with internet penetration of 73.7%. Also, it has ~1.03 billion social media users, equating to 72.0% of the total population of China. Further, in January 2023, South Korea had ~50.56 million internet users and had internet penetration of 97.6%. Also, the country is home to 47.64 million social media users, accounting for 92.0% of the total population. This growing number of internet users and social media users in Asia Pacific and North America is raising the need for faster data transfer. Thus, the rise in demand for faster data transfer boosts the NA and APAC high speed copper cable market growth.

NA and APAC High Speed Copper Cable Market Analysis – by Geography, 2023

Source: The Insight Partners Analysis

The scope of the NA and APAC high speed copper cable market report focuses on North America (US, Canada, and Mexico) and Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific). In North America, the US held the largest NA and APAC high speed copper cable market share in 2023. The US is focused on deploying 6G internet services in the country after the successful deployment of 5G technology in October 2018. According to the National Telecommunications and Information Administration, the telecommunication sector is planning for the development of the next generation of wireless communications: 6G. This factor could result in the expansion and development of telecommunication infrastructure, generating the demand for high speed interconnects and further fueling the need for high speed copper cables.

The presence of several major market players, such as Semtech, TE Connectivity, and Amphenol Communications Solutions, caters to the demand for high speed internet cables for various businesses in the US. These market players are providing various innovative solutions. For example, in August 2022, Semtech Corporation announced the launch of the new CopperEdge product portfolio for use in next-generation 400G (4x100G) and 800G (8x100G) data center interconnects using copper cable and backplane interconnects. The CopperEdge GN8112 is a quad-channel 112Gbps PAM4 linear equalizer and is the first product sampling in the portfolio. Thus, such developments by the market players are likely to have a significant impact on the NA and APAC high speed copper cable market forecast in the next few years.   

In APAC, China held the largest NA and APAC high speed copper cable market share in 2023. The country is witnessing a growth in its telecommunication sector. According to the Government of China, investment in the telecommunication sector increased by 3.3% in 2022 compared to 2021, reaching ~US$ 59 billion in 2022. In addition, by the end of 2022, China had installed more than 2.31 million 5G base stations, or 60% of all those installed worldwide. Of those, about 887,000 were added in 2022. Thus, the rise in 5G technology in the country propels the demand for components and equipment for the internet infrastructure, contributing to the China high speed copper cable market. Under China's Belt and Road Initiative (BRI), the world's largest infrastructure finance program, the People's Republic of China (PRC) provided US$ 679 billion for infrastructure projects through the BRI in five key infrastructure sectors: power plants, railways, highways, ports, and telecommunications infrastructure. This factor has fueled the telecom infrastructure in the country and further supported the market growth. In addition, per the China Academy of Information and Communications Technology’s (CAICT) estimations, the total investment in 5G infrastructure projects is likely to reach US$ 170 billion by 2025 to accelerate the pace of 5G construction and improve the innovation support capabilities of 5G technologies.

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 are among the key players profiled in the NA and APAC high speed copper cable market report. Several other major players were also studied and analyzed in the market report to get a holistic view of the market and its ecosystem. The market analysis provides detailed market insights, which help the key players strategize their growth.

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