NA and APAC High Speed Copper Cable Market Analysis and Forecast by Size, Share, Growth, Trends 2031

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.

NA and APAC High Speed Copper Cable Market Analysis

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.

NA and APAC High Speed Copper Cable Market Overview

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.

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NA and APAC High Speed Copper Cable Market: Strategic Insights

NA and APAC High Speed Copper Cable Market

• Market Size 2023
  US$ 4.05 Billion
• Market Size 2031
  US$ 6.80 Billion

Market Dynamics

GROWTH DRIVERS

• Rise in Demand for Faster Data Transfer
• Emergence of 5G

FUTURE TRENDS

• Rising Adoption of Generative AI

OPPORTUNITIES

• Growing Construction of Hyperscale Data Centers

Regional Overview

• North America
• Asia Pacific

Market Segmentation

Type

• Direct Attach Copper Cable
• Active Electrical Cable
• Active Copper Cable

Application

• Switch to Switch Interconnect
• Switch to Server Interconnect
• Server to Storage Interconnect

Bandwidth

• 56G
• 112G and 224G

End-users

• Data Center
• Telecommunication
• Networking
• High Performance Computing

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NA and APAC High Speed Copper Cable Market Drivers and Opportunities

Emergence of 5G

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.

Growing Construction of Hyperscale Data Centers

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:

• In June 2024, Stream Data Centers, an industry leader in delivering exceptional data center experiences to global enterprise and hyperscale customers, announced its groundbreaking of a new 135-acre hyperscale campus in San Antonio, Texas. The campus will ultimately support up to 5 buildings and ~1.5 million square feet of data center space, supporting 200 MW of IT capacity at full build.
• In June 2024, Digital Realty and Blackstone Inc. announced that Blackstone-affiliated funds led by Infrastructure, Real Estate and Tactical Opportunities plan to establish a joint venture with Digital Realty to develop four hyperscale data center campuses across three metro areas in Europe and North America. The developments will support approximately 500 megawatts (MW) of total IT load upon full build-out of all campuses.
• In May 2024, ESR Group Limited announced its plan to develop its fourth data center site in Japan, a 60MW project in Ariake, Koto-Ku, Central Tokyo. The construction of the new Ariake data center will commence in Q2 2026 and is expected to be ready for service by Q4 2028.
• In February 2024, ODATA announced its plan to expand operations in Mexico. The company has started to build two new hyperscale data center campuses in the region—QR02 and QR03—reinforcing its presence and commitment to the Mexican market. The DC QR02 campus is located in the state of Guanajuato and will have a capacity of 30 MW. The DC QR03 campus is in the city of El Marqués, located in the center of the country and 221 km from Mexico City. The latter will be the largest data center campus in Mexico, with an installed capacity of 150 MW.

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.

NA and APAC High Speed Copper Cable Market Report Segmentation Analysis

Key segments that contributed to the derivation of the NA and APAC High Speed Copper Cable Market analysis are type and data center type.

• Based on type, the NA and APAC high speed copper cable market is segmented into direct attach copper (DAC) cable, active electrical cable (AEC), active copper cable (ACC), and others. The direct attach copper (DAC) cable segment held the largest NA and APAC High Speed Copper Cable Market share in 2023.
• By application, the market is segmented into switch to switch interconnect, switch to server interconnect, and server to storage interconnect. The switch to switch interconnect segment held the largest market share in 2023.
• Based on bandwidth, the market is categorized into 56G, 112G, and 224G and above. The 112G segment held the largest market share in 2023.
• Based on bandwidth, the market is categorized into data center, telecommunication, networking, high performance computing, and others. The data center segment held the largest market share in 2023.

NA and APAC High Speed Copper Cable Market Share Analysis by Geography

• The NA and APAC High Speed Copper Cable Market is segmented into two major regions: North America and Asia Pacific (APAC). North America dominated the market in 2023, followed by APAC.
• The dominance of the market in North America is majorly due to the rising digitization, growing number of internet users, and increasing adoption of 5G and advanced technologies such as AI, ML, and automation. According to GSMA, in 2023, the region had 337 million mobile internet subscribers. In addition, as per the same source, the region had over 50% of 5G adoption, which is expected to reach 91% by 2030. Due to the rising need for data storage solutions, the region is witnessing a rise in the construction of hyperscale data centers. For instance, in May 2024, Microsoft announced the launch of its first hyperscale cloud data center in Mexico, providing local access to scalable, highly available, and resilient cloud services while confirming its commitment to promoting digital transformation and sustainable innovation in the country, providing cutting-edge technology for companies such as Binaria ID and DocSolutions. The increase in the construction of hyperscale data centers is expected to fuel the demand for high speed copper cables in North America.

NA and APAC High Speed Copper Cable Market Report Scope

NA and APAC High Speed Copper Cable Market News and Recent Developments

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:

• Samtec opened a new design and manufacturing center in Taiwan. The Taiwan Design Center will design (obviously), develop, and build leading-edge connector products for multiple industries, including datacom, telecom, artificial intelligence and machine learning, test and measurement, industrial, and medical. The state-of-the-art 70,000-square-foot facility (6,503 square meters) consists of three floors of manufacturing, new product development and engineering, machine and equipment design, and connector and cable assembly.

(Source: Samtec, Press Release, August 2023)

• Credo Technology Group Holding Ltd announced a new family of HiWire Active Electrical Cables (AECs) targeted specifically for the growing 400G Q112 network port market for China Hyperscale Data Centers, addressing the need for AI/ML backend network connections to Top of Rack (TOR) Switches.

(Source: Systemair AB, Press Release, September 2024)

NA and APAC High Speed Copper Cable Market Report Coverage and Deliverables

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:

• NA and APAC high speed copper cable market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• NA and APAC high speed copper cable market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• NA and APAC high speed copper cable market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the NA and APAC High Speed Copper Cable Market
• Detailed company profiles