Wilmington, Delaware, United States, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global structured cabling market is projected to flourish at a CAGR of 7.25% from 2021 to 2031. As per the report published by TMR, a valuation of US$ 22.76 billion is anticipated for the market in 2031. As of 2023, the market for structured cabling is expected to close at US$ 13.0 billion.
Increasing demand for data centre services has led to the expansion and constructing of data centres, driving the growth of structured cabling with efficient data transmission, connectivity, and scalability.
Rapid growth in developing communication infrastructure, surging demand for upgrading the infrastructure due to the growing number of subscribers in the telecom sector, who consistently need high-speed Internet connection. This factor is responsible for the growth of the structured cabling market.
The growing demand for high-speed internet access in homes and businesses has stimulated investments in structured cabling to support broadband and fiber optic connectivity. The a growing need for reliable and high-speed data connections at homes and remote work locations, fuelling the structured cabling market growth across the globe
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The rapid expansion of the telecommunications sector, including the deployment of 5G networks, requires robust and high-capacity cabling systems to support the increased demand for data and communication services. The increasing development of smart city initiatives, which aim to enhance urban infrastructure, public services, and connectivity, has led to increased investments in structured cabling.
Competitive Landscape
Key providers of structured cabling are focused on designing cost-effective structured cablings to attract more customers. Other key developments in the global structured cabling market have been highlighted below:
Key players operating in the global structured cabling market are
- Nexans S.A
- CommScope
- Panduit Corp.
- Legrand
- Corning Inc.
- Belden, Inc.
- Schneider Electric
- Siemon
- Furukawa Electric Co., Ltd.
- Reichle & De-Massari AG
Key Takeaways from the Market Study
- As of 2022, the structured cabling market was valued at US$ 12.1 billion
- By cable type, the Category 5E segment enjoys high demand, accumulating a high revenue share during the forecast period.
- Based on industry vertical, the IT & telecommunication segment is anticipated to dominate the industry during the forecast period
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Structured Cabling Market: Key Trends and Opportunistic Frontiers
- The increase in the need for high-speed data transmission and the rise in the use of broadband are expanding the fiber optic systems network and, consequently, fueling the structured cabling market growth across the globe.
- Rapid industrialization, infrastructure development activities, and the growing IT & telecommunication sector are likely to drive the global structured cabling market.
- The growing technological advances and innovations in cabling technology, such as Cat 6A, Cat 8, and fiber optics, have enabled higher data transmission speeds and greater bandwidth capacity.
Structured Cabling Market– Regional Analysis
- North America accounts for the largest global structured cabling market share. Increasing adoption of technology, modernization, rising demand for high-speed Internet connectivity, and digitalization are boosting North America's global structured cabling market. Factors responsible for major market share are growth & development in the construction industry and increasing adoption of smart homes.
- Asia Pacific is expected to account for a substantial share of the structured cabling market during the forecast period. Rapid urbanization and the expansion of data centers and smart cities have driven substantial growth in the structured cabling market in the region. The implementation of 5G technology has further increased the demand for high-speed cabling. Growing IT and telecommunications sectors and government initiatives like Digital India have propelled investments in structured cabling systems in India.
Key Developments in the Structured cabling Market
- In a collaborative effort, Oracle Labs partnered with CommScope to upgrade its network infrastructure in November 2022 in Broomfield, Colorado. The selection of CommScope's SYSTIMAX copper and fiber-structured cabling systems enabled Oracle Labs to significantly enhance its throughput capacity from 300 gigabytes to an impressive 1.2 terabytes.
- CommScope has made several strategic acquisitions to expand its portfolio, including the acquisition of ARRIS International to strengthen its position in broadband networks and video delivery. They have also launched innovative solutions such as high-speed fiber cabling.
Structured Cabling Market – Key Segments
Solution Type
- Product
- Service
- Software
Cable Type
- Category 5E
- Category 6
- Category 6A
- Others (Category 7, Category 7A, etc.)
Industry Verticals
- IT & Telecommunication
- Residential & Commercial
- Government & Education
- Automotive & Transportation
- Industrial
- Others (BFSI, Healthcare, etc.)
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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