The increasing demand for high bandwidths, need for effective cabling management, and emergence of the internet of things (IoT) are the major growth drivers for the global structured cabling market. Due to the aforementioned factors, the industry is projected to generate $12,916.5 million revenue in 2030, advancing at a CAGR of 7.2% during 2021–2030.
Due to the COVID-19-induced supply chain disturbance and economic uncertainty across the globe, the electronics and semiconductor industry faced challenges such as decreased funding, halted production, and distributed supply chain. In addition, due to the partial or complete lockdown, the demand for structured cabling solutions declined, thereby impacting the market. On the other hand, with most people spending more time at home amidst the lockdowns, the overall use of internet services is increased, creating a greater demand for a stronger broadband infrastructure framework. As a result, increasing expansion and establishment of data center facilities, followed by efforts to address the broadband limitations.
Significant capital investment to bring reliable internet to unserved rural areas, assure broadband affordability, and offer government services are expected to drive market expansion in the near future.
The structured cabling market is categorized into copper cables, fiber cables, copper components, and fiber components, based on product. Among these, the fiber cables category is expected to witness the fastest growth during the forecast period (2022-2030). This will be mainly due to the increasing need for high bandwidths, low signal attenuation, high network security, and reliable networking.
Moreover, the market for structured cabling is categorized into telecommunication, commercial, government, industrial, and others, based on end use. Out of these, the telecommunication category will hold the largest market share in 2021 This can be attributed to the rising internet penetration, along with the increasing demand for high-speed internet connectivity, in developing regions.
Therefore, the Asia-Pacific (APAC) region will contribute the largest share in the structured cabling market in 2021. The region is also expected to witness significant growth during the forecast period owing to the rising demand for cloud computing in the region, which is propelling the need for structured cabling at data centers. In addition, the development of the Indian structured cabling market is supporting the regional market growth. This is mainly driven by the increasing demand for copper structured cabling due to the rising need for higher bandwidth and data transmission rates in the country.
Players in the global structured cabling industry have been frequently involved in partnerships to gain a significant position. For instance, in June 2021, Belden Inc. partnered with DYNICS, a provider of factory automation, hardware, and software solutions, to bring a robust cybersecurity solution for industrial networks.
Similarly, in January 2021, Panduit Corp. partnered with Cailabs, a French deep tech company and provider of light beam shaping solutions, to integrate the CAILABS technology within its OneMode product portfolio. This includes exclusive use of the technology for the K-12 education market in the U.S.
Major players operating in the structured cabling market include Schneider Electric SE, TE Connectivity Ltd., ABB Ltd., CommScope Holding Company Inc., Corning Incorporated, Panduit Corp., Nexans S.A., Belden Inc., Furukawa Electric Co. Ltd., Siemon Company, and Legrand Holding SA.