The increasing need for copper structured cabling as a result of the rising requirement for higher bandwidth and higher transmission rate is primarily driving the Indian structured cabling market expansion. Furthermore, the development of 100 smart cities and provision of free Wi-Fi at train stations by the government, as well as the rising demand for intelligent buildings, are fueling the market expansion. Because of these factors, the market will likely garner $1,504.9 million in revenue by 2030, advancing at a CAGR of 11.5% during the forecast period.
The impact of the COVID-19 pandemic on the Indian structured cabling market has been negative. The central and state governments' lockdown has had a significant influence on major industries, such as IT and telecommunications, construction, automotive, and manufacturing. Due to the interruption in the supply chain, the construction industry is grappling with reduced funding for public projects, shuttered construction sites, and postponement of the ongoing construction projects. Thus, supply chain disruptions and economic uncertainties are expected to reduce the demand for structured cabling solutions from new construction projects in India.
The Indian structured cabling market is classified into category 5e, category 6, category 6A, and category 7, based on wire category. Among these, Cat6 cables are the most preferred of all the cables because they offer more bandwidth than Cat5e variants and allow for faster data transfer. Internal interference mitigation is improved across the board with the Cat6 standard, and it also has a wider frequency range, with at least 150 Megahertz (MHz) available.
Further, the Indian structured cabling market is divided into two categories based on application: data center and local area network (LAN). During the forecast period, the data center category revenue is expected to increase at the quicker rate. This can be linked to the growing demand for cloud computing and cloud storage, which is being met by the growing number of data centers in the country, which generate a high demand for structured cabling.
During the forecast period, the market in India's eastern region is expected to develop at the highest rate. The emergence of IT centers, including Bhubaneswar and Tripura, as well as government measures to improve connectivity in the eastern states, should be credited for this. Furthermore, the region's market growth is fueled by the surging need for network connectivity in the region's villages.
Players in the Indian structured cabling market are involved in acquisitions to enhance their presence. For instance,
Some of the major players operating in the Indian structured cabling market are Schneider Electric SE, ABB Ltd., CommScope Holding Company Inc., ComCore Connexions Pvt. Ltd., Panduit Corp., TE Connectivity Ltd., Sterlite Technologies Limited, Belkin International Inc., Siemon Company, Legrand Holding SA, Molex LLC, Belden Inc., and Reichle & De-Massari AG.