Published: December 2021 | Report Code: SE10405 | Available Format: PDF | Pages: 189
The global structured cabling market will generate an estimated $6,912.1 million revenue in 2021, and it is expected to grow at a CAGR of 7.2% during 2021–2030. The key factors responsible for the growth of the market include the increasing demand for high bandwidths and need for effective cabling management and emergence of the internet of things (IoT).
The COVID-19 pandemic across the world has impacted the cabling market. Key economies, including China, India, the U.S., and European countries, witnessed the temporary shutdown of industries due to the lockdowns implemented by their governments. The pandemic also impacted the supply of electrical components to original equipment manufacturers (OEMs), which, in turn, impacted the manufacturing of cabling solutions, thus negatively impacting the growth of the market.
The copper cables category holds the largest share in 2021 in the structured cabling market, based on product. This is attributed to the lower price of copper cabling, as compared to fiber cabling and the additional cost incurred in setting up the infrastructure for fiber cablings.
The LAN category has had the larger share in the structured cabling market during the historical period (2017–2021), based on application. This is primarily due to the fact that LANs provide greater flexibility within a company as they can be used to connect devices such as computers, photocopiers, and printers, while also integrating phones and surveillance cameras into the network, thus, essentially making devices independent.
Category 7 cablings are expected to witness the fastest growth in demand in the market during the forecast period, based on wire category. Cat7 standard cablings provide 10-Gigabit ethernet over 100 meters of copper cabling. Owing to the shielding property of Cat7 cablings with twisted pairs, noise resistance improves significantly.
The industrial category is expected to witness the fastest growth in the market during the forecast period, based on end use. This will primarily be due to the surging demand for industrial automation and increasing use of cloud services in the manufacturing sector.
Geographically, Asia-Pacific (APAC) is expected to lead the cabling market throughout the forecast period due to the increasing number of data centers and rising demand for high-speed internet. China, Japan, South Korea, and India are expected to play a pivotal role in driving the growth of the APAC structured cabling market in the coming years, by transforming themselves digitally, for which fast and smooth internet connectivity is imperative.
Structured cabling is costlier than conventional cabling; however, the former significantly reduces overall operational costs, which include costs incurred as a result of slow data transfer and network failure. According to the International Engineering Consortium (IEC) standards, network systems installed in open offices can reduce the cable maintenance cost by around 30% as compared to alternative office setups. Moreover, cabling unifies the IT network for data, voice, and video, which consequently reduces the requirement for updates and lowers the cost of maintenance. This attracts business enterprises planning to slash down the extra charges incurred by conventional cabling, as structured cabling can reduce the cabling-related costs of an organization by around 20%.
Moreover, companies in the market are increasingly focusing on advanced cabling to meet the higher data requirement at a higher speed. For instance, in June 2021, CommScope Holding Company Inc. launched the NOVUX portfolio of outside plant terminals and closures, designed specifically to assist global fiber service providers in the quick and efficient deployment of fiber networks. The products constitute an end-to-end architecture that allows operators to scale and shape their networks.
The increasing penetration of the internet has spurred the demand for high bandwidths for the smooth operation of businesses, which can be provided by cabling. Business organizations are modifying their IT infrastructure owing to the increasing usage of bandwidth-intensive applications, such as voice over IP (VoIP), IP-based videoconferencing, and digital audio and video. Cabling is receiving attention from sectors such as telecommunications, government, industrial, and commercial to improve their IT infrastructure.
Structured cabling makes cabling management simple as it can be laid and managed without the involvement of a large number of staff members. Therefore, the surging demand for hassle-free IT infrastructure drives the market for structured cabling as it saves the cost as well as time for data centers, government agencies, and industries. It is a more-organized- and -standardized approach as compared to patch cords.
|Base Year (2021) Market Size||$6,912.1 Million|
|Market Size Forecast in 2030||$12,916.5 Million|
|Forecast Period CAGR||7.2%|
|Report Coverage||Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Country Breakdown; Impact of COVID-19; Companies’ Strategic Developments; Company Profiling|
|Market Size by Segments||By Product; By Wire Category; By Application; By End Use; By Region|
|Market Size of Geographies||U.S; Canada; Germany; France; U.K.; Italy; Spain; Japan; China; India; Australia; South Korea; Brazil; Mexico; Saudi Arabia; South Africa|
The structured cabling industry is fragmented in nature with the presence of several key players.
In recent years, players in the structured cabling industry have been involved in product launches in order to attain a significant position. For instance:
The global structured cabling market report offers comprehensive market segmentation analysis along with market estimation for the period 2017-2030.
Based on Product
Based on Wire Category
Based on Application
Based on End Use
In 2030, the value of the global structured cabling market will be $12,916.5 million.
Based on application, LAN held the larger share in the structured cabling industry.
APAC is the largest market for structured cabling, and the same situation will persist throughout this decade.
The key structured cabling industry drivers are the rising demand for high bandwidths, surging need for effective management of the cabling system, and rising adoption of IoT.
The market for structured cabling is fragmented because of the existence of a large number of players.
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