The growing demand for cabling management and surging adoption of the internet of things (IoT) technology are positively driving the global structured cabling market. The market is poised to generate $9.6 billion revenue in 2030, advancing at a CAGR of 3.9% during the forecast period (2020–2030).
The COVID-19 outbreak has disrupted the supply chain of structured cabling. Due to lockdown imposed by various governments, the construction industry is facing challenges such as decrease in funding for the public projects, closed construction sites, and postponed ongoing construction projects, owing to temporarily slow opearations of supply chain and economic uncertainty across the globe. Due to this, demand for structured cabling solutions from the new construction projects is expected to decrease, thereby impacting the market.
Copper Cable to Hold Largest Share throughout Forecast Period
The structured cabling market, based on product, is classified into copper cable, copper components, fiber cable, and fiber components. Among these, the copper cable category held the largest share in 2019, owing to its lower price as compared to fiber cable. Further, demand for copper cable in developing economies is projected to drive the demand during the forecast period.
The structured cabling market, on the basis of wire category, is categorized into category 5e, category 6, category 6A, and category 7. Among these, the category 6 wire generated the highest revenue in 2019. This cat6 wire is compatible with systems using cat5 cables and offers reduced crosstalk and higher data transfer speed. Further, the cat6 wire offers increased shielding and reduces signal noise and interference. The category is projected to dominate the market during the forecast period.
Geographically, the Asia-Pacific (APAC) region held the largest share in the structured cabling market in 2019, and it is expected to remain dominant during the forecast period. The rapid adoption of structured cabling by enerpries, emerging IoT technology, rising demand for higher bandwidth, and swift digitization are resulting in the notable market growth in the region.
Market Players Are Focused on Product Launches to Drive Success
Major players in the structured cabling industry are relying on product launches to consolidate their market position. For instance, in July 2019, CommScope Holding Company Inc. launched RD 1322 2*2 remote PHY (physical layer) device (RPD) under its distributed access architecture (DAA). This device would enable cable operators to deploy multiple base nodes without affecting the upstream and downstream speed.
Browse report overview with detailed TOC on "Structured Cabling Market Research Report: By Product (Copper Cable, Fiber Cable, Copper Components, Fiber Components), Wire Category (Category 6, Category 5e, Category 6A, Category 7), Application (LAN, Data Center), End Use (Telecommunication, Commercial, Government, Industrial) - Global Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/structured-cabling-market
Some of the major players operating in the global structured cabling market are 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.