The Structured Cabling Market Size was valued at US$ 9.6 billion in 2021 and is anticipated to reach at US$ 19.68 billion by 2028, with a healthy CAGR of 10.8%.
The administration of cabling in infrastructure, such as campus telecommunications cabling infrastructure, can be completely handled via structured cabling. It consists of a variety of smaller, standardized components that are created by patch panels and trunks and aid in connecting gear to patch panels. The market for structured cabling is expected to increase significantly as a result of the trend toward data center convergence and significant investments in communication infrastructure.
As per the recent market research report published by the Market Report Hub, the structured cabling market is anticipated to cross USD 19.68 billion in 2028, with a CAGR of 10.8 % over the forecast period of 2022–2028.
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Drivers, Restraints, Opportunities, and Challenges
Government, business, industry, IT and telecommunications, residential, and residential use structured cabling systems. The industry is anticipated to develop as mobile Internet users with high-speed access increase. The potential for the global structured cabling industry will also be significantly increased by the construction of smart homes and cities. The acceptance of data center convergence has increased the demand for high-speed connectivity equipment and systems, which is accelerating the development of the structured cabling infrastructure. Additionally, as campus cabling infrastructure plays a significant part in the growth of structured cabling applications, the expansion of telecommunications infrastructure is expected to fuel this trend. Moreover, the global market for structured cabling is growing as a result of advancements in thermoelectric modules.
Structured cabling market expansion is being hampered by the high cost of fiber optic cables. Additionally, the global growth of structured cabling is being constrained by changes in the price of cable’s basic materials. The popularity of fashionable virtualization is also a major factor in the decline of structured cabling revenue.
Impact of the COVID-19 Pandemic
The structured cabling market expanded during the COVID-19 epidemic with help from the telecommunications and IT sectors. On the other side, pandemics have triggered certain market declines internationally. The supply of cable products was considerably impacted by the pandemic events, which had a negative impact on the global market. Supply and demand fell short of expectations. Nevertheless, it is anticipated that over the course of the projection year, the global market will level out.
According to cable type, the 6 cable segment is anticipated to develop the fastest among the different categories, significantly boosting the structured cabling market. The segment’s expansion can be linked to its expanding use in business settings.
With a larger revenue share, the LAN segment dominated the market by application. Over the course of the forecast, the tendency is anticipated to persist. The networking system is divided into smaller components with shorter cable lengths to permit high data speed due to the growing need for high-speed networks. The residential and commercial segment has maintained the biggest market share for structured cabling, according to industry verticals. Currently, structured cabling is essential to the communication infrastructure. Additionally, these cabling items are a component of the physical infrastructure that helps businesses expand their communication networks and perform effective business operations.
Major Segments and Sub-Segment of Structured Cabling Market are Listed Below:
BY SOLUTION TYPE: – Products – Services – Software
BY CABLE TYPE: – Category 5E – Category 6 – Category 6A – Others
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BY APPLICATION: – LAN – WAN – Data center
– IT & Telecommunications – Residential & Commercial – Government & Education – Transportation – Industrial
The structured cabling market is anticipated to develop at its fastest rate during the projected period in the Asia Pacific region. The structured cabling market analysis of APAC includes China, South Korea, Japan, and the rest of APAC. The market for structured cabling in this area has been expanding as a result of the expansion of new data centers and rising investments in communications network infrastructure.
Some of the prominent companies present in the structured cabling market include are Furukawa Electric, CommScope, Schneider Electric, Corning Incorporated, Siemon, TE Connectivity, Belden, Panduit Corp, and Legrand.
Frequently asked questions in Structured Cabling Market are:
– How big is the Structured Cabling Market? – What factors are driving global growth of Structured Cabling Market? – Why is Structured Cabling Market business value rising in Europe? – Who major key players included in this report?