Pune, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Market Research Future’s in-depth market study on Global Structured Cabling Market, By Wire Category (Category 5e, Category 6, Category 7), By Application (LAN & WAN), By Product Type (Copper, Co-Axil), Product Type (BFSI, Automotive) - Forecast 2023
Structured Cabling Market
Structured cabling is the setup of cabling systems which can support multiple hardware uses. The digitization of data for faster transmission of information requires a solid network infrastructure which is best provided by structured cabling. The mushrooming of enterprises catering to demands of various clients globally require a flexible network architecture which lets you make changes easily.
Market Scope
The global structured cabling market is projected to reach a size of USD 17,181.2 million by 2022, growing at a CAGR of 10% from 2016 to 2022 (forecast period), according to a new report by Market Research Future (MRFR). Increasing demands of Internet connectivity is the major factor driving the market. Developments in networking technology such as Power over Ethernet (PoE) which increase bandwidth speeds while maintaining normal temperatures is forecasted to bode well for the market.
The pervasiveness of ecommerce, large warehouses and logistics, hypermarkets, and other optical communications products can trigger the growth of the structured cabling market by 2022. Furthermore, emergence of wireless routers, switches, modems, and others which allow smart devices to connect seamlessly can evoke high demand within the market till 2022.
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Industry News
Low net downtimes are the industry standard expected among the impatient public hooked onto their smartphones and enterprises needing it to transfer data seamlessly within their intranet.
In 2018, Siemon, a U.S. firm, received awards for its distinguished services to the public with the introduction of the Lightstack 8 ultra high-density plug-and-play system and Z-PLUG Category 6A field terminated plugs for providing direct connections to PoE based devices. These comprise wireless security cameras, digital displays, distributed antenna systems (DAS), building automation controls, and LED lights.
Segmentation Analysis
The global Structured Cabling Market is segmented by product type, wire category, application, and industry.
By product type, the market is segmented into copper, co-axial, and fiber. The copper wire segment had dominated the structured cabling market in 2016 with an estimated valuation of USD 7,587.09 million. It is expected to grow at a 10.24% CAGR over the assessment period.
By wire category, the market is segmented into category 5e, category 6, category 6a, category 7, and others. The category 6 segment is anticipated to exhibit a 10.77% CAGR during the forecast period. It had a prior valuation of USD 5,137.17 million in 2016.
Major applications include LAN and WAN. The WAN segment accounted for a major share of the market in 2016 and expects to expand at a 11.13% CAGR during the assessment period.
By industry, the structured cabling market is segmented into commercial, industrial, automotive, IT & telecommunication, banking, financial services, insurance (BFSI), and others. The IT & telecommunication segment had accrued nearly USD 2,524.8 million in 2016. The segment is projected to grow the fastest at a 11.07% CAGR throughout the forecast period owing to the need for bandwidth services globally.
Regional Analysis
Regions taken under consideration with respect to the market include North America, Europe, and Asia Pacific (APAC), and Rest-of-the-World (RoW).
The North America is the biggest market for structured cabling, followed by Europe and APAC. The penetration of internet of things (IoT), connected devices, and cloud services are factors expected to drive the regional market over the forecast period. Developments in the telecom industry which allows companies to expand into new regions seamlessly is expected to elicit high market demand.
The APAC market is expected to experience an upheaval in demand due to developing economies such as India, China, and Japan. Development of technology parks, urbanization, commoditization of net services are other factors which can bolster market demand during the forecast period.
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Competition Analysis
Key players in the structured cabling market include Nexans S.A., Paige Electric, Corning, Inc., CommScope Inc., Schneider Electric SE, Hitachi Cable America, Inc., ABB Ltd., Teknon Corporation, Siemon, Brand-rex, Superior Essex, Belden Incorporated, Legrand SA, Panduit, TE Connectivity, and others. The market is highly competitive with various new startups entering for high profit margins with low investment. For instance, Digisol Systems Ltd. has entered India with new cabling solutions such as fiber, fiber to the home (FTTH), and copper.
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