| Published | Report Code | Available Format | Pages |
|---|---|---|---|
| September 2018 | SE11551 | 161 |
India Structured Cabling Market Overview
The India structured cabling market was valued at $419.4 million in 2017 and is forecasted to witness a CAGR of 12.9% during 2018–2023. Growing demand for copper cables, surging data center market, increasing number of product launch activities, and rising demand for better bandwidth are supporting the structured cabling market growth in India.
INDIA STRUCTURED CABLING MARKET, BY PRODUCT TYPE, $M (2013-2023)
On the basis of product, the India structured cabling market has been categorized into copper cable, fiber cable, copper components, and fiber components. Of these, copper cable category is expected to hold the largest market share during the forecast period. The market for copper cabling in India is buoyed by increasing replacement of older cabling infrastructure to get better efficiency and reduce bottlenecks in the system.
On the basis of copper cable, the India structured cabling market has been classified into shielded twisted pair (STP), foiled twisted pair (FTP), and unshielded twisted pair (UTP). STP copper cable is expected to be the fastest growing copper cable category in the market, advancing at a CAGR of 15.7%, during the forecast period, attributed to the growing complexities in communications and control systems. Moreover, with increasing use of these cables in manufacturing industries, where the electromagnetic interference is particularly high, is driving the demand for STP cables.
Based on end use, the India structured cabling market has been categorized into telecommunication, commercial, government, industrial, and others, wherein ‘others’ include residential, education, and defense. In India, structured cabling finds larger application in the telecommunication end use, contributing a share of 28.9% in 2017, attributed to government initiatives such as National Telecom Policy 2018, which is further predicted to attract investments worth $100 billion by 2023; and the initiative to digitally connect rural and remote regions of the country.
Another factor driving the telecommunication sector in India is the growing active smartphone user base, wherein the mobile industry is poised to generate a value of more than $210 billion by 2023. The monthly data usage per person in India is expected to increase from around 3.5 GB in 2017 to 18 GB by 2023.
India Structured Cabling Market Dynamics
Trend
India is presently undergoing a revolution on multiple fronts, including converting itself into a digitized society. At the same time, the need for intelligent buildings is growing in India as more companies are working to make their campuses and facilities world class while saving money and responding to government’s smart building initiative. Structured cabling market in India offers critical backbone for high performance and unified communication system which provides a comprehensive telecommunications infrastructure and is capable of easily integrating the latest technology that can help businesses to remain competitive, while reducing overall infrastructure cost.
In this regard, government is taking initiatives toward converting the country into a digitized one. For instance, recently, the Government’s National Optical Fiber Network (NOFN) initiative, for which Bharat Broadband Nigam Limited (BBNL), has been assigned to connect 2,50,000 village panchayats with high-speed broadband. Also, the Indian government has taken steps toward Digital India and 100 smart cities. Hence, digitization is increasing at a fast pace, and government initiatives are continuing to work toward digital empowerment thus becoming a major trend in India structured cabling market.
Driver
With growing digitization in India, the demand for green data centers and building automation is expected to witness fast growth in the coming years. According to industry surveys and evaluations, the data center market in India would double by the end of 2018, and the country would be the second largest market for data center in Asia by 2020. The growth of data center market is expected to be driven by increasing supply and decreasing cost of internet bandwidth and domestic companies introducing their mission-critical applications such as enterprise resource planning (ERP) and customer relationship management (CRM) in third-party data centers.
With the increasing demand for data centers, need for the world class infrastructure solutions such as structured cabling is also increasing. This is mainly due to the fact that the data centers are the major application for this solution. For instance, as per the research, more than 21% of the structured cabling business in the country comes from the data centers. Hence, growing data center market is augmenting the demand for structured cabling market in the country.
Opportunity
Structured cabling is widely being used in Wi-Fi services. The demand for Wi-Fi services is increasing across the country at a fast rate and is also expected to rise in the coming years. Furthermore, Indian government has provided free Wi-Fi services across several Indian railway stations. In March 2017, around 6 million people across 110 railway stations consumed 1,600 TB of data. Hence, such massive increase in demand for Wi-Fi services is predicted to provide lucrative growth opportunities for market players in the India structured cabling market, in the coming years.
India Structured Cabling Market Competitive Landscape
In the recent past, product launch has been a major activity in the structured cabling industry in India. DIGISOL Systems Ltd., and Legrand Holding SA have been observed as the forerunners in strategic developments in the last year in India. These companies are majorly focusing on enhancing their product portfolio and expanding their businesses in the country.
Additionally, companies like R&M India Pvt. Ltd. and Belden Inc. are setting-up production facilities in the country to manufacture and provide structured cabling products like ethernet switches, fiber optics, and copper and fiber cables. Some of the key players operating in India structured cabling market are ComCore Connexions Pvt. Ltd., TE Connectivity Ltd., Schneider Electric SE, CommScope Holding Company Inc., Legrand Holding SA, The Siemon Company, Sterlite Technologies Limited, Panduit Corp., ABB Group, Belkin International, Inc., Molex LLC, Belden Inc., and Reichle & De-Massari AG.
