Structured Cabling Market Size, Share & Trends Analysis Report 2022-2030
Structured Cabling Industry Overview
The global structured cabling market size is expected to reach USD 23.2 billion by 2030, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 10.5% from 2022 to 2030. The need for advanced technologies has increased the generation of vast amounts of IoT data, which often causes delays and latency. Structured cabling systems help enhance data transfer speed, which further aids in avoiding delays.
The presence of a high connectivity network in regions such as North America has facilitated the widespread adoption of structured cabling systems. Thus, the North American market is expected to witness substantial growth over the forecast period. Additionally, an expanding communication network architecture and a rise in demand for data centers have increased the demand for structured cabling systems.
Asia Pacific is projected to register the fastest growth rate over the forecast period. The regional market is predicted to grow as a result of key factors such as government measures to promote digitalization, upgraded facilities, population increase, faster adoption of smart devices, and investments in cloud and IoT technologies.
Textile Market Segmentation
Grand View Research has segmented the global structured cabling market based on product type, application, vertical, and region:
Based on the Product Type Insights, the market is segmented into Copper Cables, Fiber Optic Cables, and Others.
- The copper cables segment dominated the market in 2021 with a share of over 45.0%. Copper cables are suitable for short and medium-distance transmission purposes. Due to technological advancements, copper cables are expected to gain preference among data centers and desktop connections and are anticipated to provide lucrative opportunities for the copper cable segment.
- The fiber optic cables segment is estimated to register the highest CAGR over the forecast period. Fiber optics serve as the internet's backbone, with optical fiber cables serving as the medium for transporting data from one location to another. These cables are used in various verticals, including telecommunication, residential and commercial, government, utilities, aerospace, and private data networks. Increasing demand for high-speed Internet services is expected to be the key growth factor for the fiber optic cables segment.
Based on the Application Insights, the market is segmented into LAN, and Data Center.
- The LAN segment dominated the market in 2021 with a revenue share of over 80.0%. The trend is estimated to continue over the forecast period. Due to the increasing need for high-speed networks, the networking system is fragmented into smaller parts with shorter cable lengths to facilitate high data speed. LAN enables a high data transmission speed as the data is fragmented into smaller chunks.
- The data center segment is expected to exhibit a lucrative CAGR of 11.0% from 2022 to 2030. The growth of structured cabling in data centers is owing to the increasing use of IoT devices, mobile data, and smart applications. A significant amount of data is generated through digital devices, which necessitates more storage, thus driving the demand for data centers.
Based on the Vertical Insights, the market is segmented into Government, Industrial, IT & Telecommunication, Residential & Commercial, and Others.
- The IT and telecommunication segment dominated the market in 2021 with a share of over 30.0%. Technological innovations in the telecommunication sector, such as the 5G network, require high bandwidth and low latency, which are provided by structured cabling systems. This is expected to drive the market over the forecast period.
- The industrial segment is expected to grow significantly over the coming years owing to the rising development and use of automation techniques across industries. The segment comprises small and large enterprises that use structured cabling systems for connecting machinery and other automation purposes. Additionally, the increasing need for high-speed machine-to-machine communication and reliability are some of the factors expected to drive the market.
Structured Cabling Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The market is highly competitive owing to the presence of various prominent players. Players have adopted strategies such as expansions, agreements, collaborations, and joint ventures, and are engaging in the development of new products with high speed and improved features to enhance their product portfolio and hold a strong position in the market. For instance, in February 2021, Legrand announced the acquisition of the Champion ONE (C1) family of brands, a leading provider of optical networking components and solutions for the data center, enterprise, and telecommunication markets.
In another instance, in September 2021, Nexans SA announced that it has entered into an agreement for the acquisition of Centelsa, a premium cable maker in Latin America active in the production of cables for building and utility applications. Companies have also obtained approvals from different governments for the launch of products that can provide high speed and security. Some prominent players in the global structured cabling market include:
- ABB Ltd.
- Belden Inc.
- CommScope Holding Company, Inc.
- Corning Incorporated
- Furukawa Electric Co., Ltd.
- Legrand SA
- Nexans
- Schneider Electric
- Siemens AG
Order a free sample PDF of the Structured Cabling Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Grand View Research, Inc.
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