Structured Cabling Market to be Worth $23.2 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, May 5, 2022 /PRNewswire/ -- The global structured cabling market size is expected to reach USD 23.2 billion by 2030, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 10.5% from 2022 to 2030. The need for advanced technologies has increased the generation of vast amounts of IoT data, which often causes delays and latency. Structured cabling systems help enhance data transfer speed, which further aids in avoiding delays.

Key Insights & Findings from the report:

• By product type, the fiber optic cables segment is estimated to grow over the forecast period owing to the increasing importance of cloud computing and high bandwidth applications.
• On the basis of application, the data center segment is expected to register a significant CAGR of 11.0% over the forecast period owing to the increasing demand for smart devices and the rising usage of mobile data.
• Based on vertical, the IT and telecommunication segment dominated the market in 2021 and this trend is expected to continue over the forecast period.
• Due to the increasing development and usage of automation techniques across industries, the industrial vertical segment is likely to grow rapidly in the forecast period.
• The North American region led the market in 2021 and the trend is expected to continue over the coming years owing to a rise in demand for data centers and the growth of communication network infrastructure.

Read 100-page market research report, "Structured Cabling Market Size, Share & Trends Analysis Report By Product Type (Copper Cables, Fiber Optic Cables), By Application (LAN, Data Center), By Vertical, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Structured Cabling Market Growth & Trends

The presence of a high connectivity network in regions such as North America has facilitated the widespread adoption of structured cabling systems. Thus, the North American market is expected to witness substantial growth over the forecast period. Additionally, an expanding communication network architecture and a rise in demand for data centers have increased the demand for structured cabling systems.

Asia Pacific is projected to register the fastest growth rate over the forecast period. The regional market is predicted to grow as a result of key factors such as government measures to promote digitalization, upgraded facilities, population increase, faster adoption of smart devices, and investments in cloud and IoT technologies.

Structured cabling systems are used across various verticals such as government, industrial, IT and telecommunications, residential, and commercial. The IT and telecommunication segment is expected to exhibit the highest CAGR over the forecast period owing to data center convergence in technologies supporting data and voice services. An increase in the usage of mobile Internet with high-speed connectivity is expected to bolster the market growth. Building smart cities and residences will also play a significant role in expanding the worldwide market potential.

To expand their product portfolio and maintain a strong position in the market, players have used tactics such as expansions, agreements, partnerships, and joint ventures and are engaging in the creation of new products with high speed and better features. Companies have also received official authorization for the launch of devices that provide high speed and security.

Structured Cabling Market Segmentation

Grand View Research has segmented the global structured cabling market based on product type, application, vertical, and region:

Structured Cabling Market - Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Copper Cables
• Fiber Optic Cables
• Others

Structured Cabling Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

• LAN
• Data Center

Structured Cabling Market - Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Government
• Industrial
• IT & Telecommunication
• Residential & Commercial
• Others

Structured Cabling Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Latin America
• Mexico
• Brazil
• Middle East & Africa

List of Key Players in the Structured Cabling Market

• ABB Ltd.
• Belden Inc.
• CommScope Holding Company, Inc.
• Corning Incorporated
• Furukawa Electric Co., Ltd.
• Legrand SA
• Nexans
• Schneider Electric
• Siemens AG

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Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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