Structured Cabling Market To Reach USD 20.88 Billion By 2030, Registering A CAGR of 7.4% - Valuates Reports

BANGALORE, India, May 11, 2022 /PRNewswire/ -- Structured Cabling Market by Offering (Hardware, Services, and Software), Cable Type (Category 5E, Category 6, Category 6A, and Others), and Industry Vertical (IT & Telecommunications, Residential, Commercial, Government, Manufacturing & Automation, Military & Defense, Energy, Oil & Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030  It is published in Valuates Reports under the  Electronics & Electrical Category.

The global structured cabling market size was valued at USD 10.62 billion in 2020 and is projected to reach USD 20.88 billion by 2030, registering a CAGR of 7.4% from 2021 to 2030.

Major Factors Driving The Growth Of The Structured Cabling Market

The growth of the global structured cabling market is anticipated to be driven by factors such as the surge in investments in communication infrastructure, and data center convergence due to artificial neural networks.

In addition, increasing demand for high-speed connectivity devices boosts the overall market growth as it is flexible to add new tools or make adjustments quickly, are reliable,  cost-effective, reduces downtime, and is easy to manage.

Growing acceptance of 5G technology & improving broadband infrastructure globally are expected to create lucrative opportunities for the structured cabling market.

The growing adoption of LED lighting systems will increase the expansion of the industry.

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TRENDS INFLUENCING THE GROWTH OF THE STRUCTURED CABLING MARKET

The covid 19 pandemic and the rising inflation due to the Russia-Ukraine war have created short-term supply constraints for the structured cabling industry due to fluctuations in raw material prices. However, the demand is set to pick up as businesses shift towards remote working cultures and IT operations. The increasing number of internet users and data centers has led to the creation of a converged infrastructure that reduces server incompatibility. Moreover, with the rise of artificial intelligence-based neural networks data centers will be able to determine the workload and detect any abnormalities or defects in the server. Automation will equip them to learn about the network infrastructure and process massive amounts of data in a cost-efficient way.

The need for high-speed connectivity systems will drive the growth of the structured cabling market. The internet penetration has increased dramatically with extensive fiber optic cables being laid out by telecom companies. A flexible cable structure is required for improving video, computer, telephone, and VoIP-based communication systems. This increases the efficiency of telecom operators as it is easy to manage. Businesses do not need to invest additional resources as the changes are done automatically without overhauling the entire cabling system.

The gradual advent of 5G infrastructure will increase the need for better bandwidth and less latency. Single-mode and fiber optic cables have to be used for the seamless transmission of data which are cheaper and support networking over long distances. Edge computing and data centers need to go online for supporting multiple optics. These factors will thereby spur the growth of the structured cabling market. 

The structured cabling market trends will be positively impacted by the adoption of LED lighting systems. They are energy-efficient and connected to IoT which makes them controllable and dimmable. These smart lighting technologies depend on structured cabling systems for removing complicated installation rules. Changes can be made quickly without hiring an outside contractor.

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STRUCTURED CABLING MARKET SHARE ANALYSIS

Based on offering, the hardware segment will grow the highest in the structured cabling market share as fiber cables, switch panels, and cross-connects are efficient and act as the backbone for network circulation in various end-user industries.

Based on industry verticals, the IT and telecommunications sector will grow the largest in the structured cabling market share due to the growing number of internet subscriber base and emergence of technologies such as 5g, IoT, artificial intelligence, etc.

Based on cable type, the category 6 cable dominated in 2020 in the structured cabling market share as these cables offer speeds of up to 10 Gbps and more bandwidth over longer distances. However, the 6A cable will grow the fastest during the forecast period.

Based on region, North America dominated with the US holding a share of 73% and along with Asia-Pacific holding a total of 56% in the structured cabling market share. The Asia-Pacific region will grow at the fastest CAGR of 9.2% due to huge investments in telecom infrastructure and the use of structured cabling in various industries.

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Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Key players

• Belden, Inc.
• Cisco Systems, Inc.
• CommScope Holding Co.
• Corning Inc.
• Furukawa Electric Co., Ltd.
• Legrand
• Nexans S.A.
• Schneider Electric
• Siemon
• TE Connectivity

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-  The global Fiber-optic Cable market was valued at USD 6656.4 million in 2020 and it is expected to reach USD 11070 million by the end of 2027, growing at a CAGR of 6.2% during 2021-2027.

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