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Structured Cabling Market Is Driven by Demand for Higher Bandwidth and Faster Data Transmission; Structured Cabling Market Opportunities and Demand by 2023

The global structured cabling market was valued at $7.6 billion in 2017 and is forecasted to witness a CAGR of 5.5% during 2018–2023, and is expected to reach $10.68 billion by 2023. The rising number of data centers and the ever-increasing demand for technologies such as Wi-Fi, cloud computing, and IoT are pushing the need for standardized cabling solutions, such as structured cabling. Besides, the increasing need to cut down operational costs is fueling the demand for power-efficient cabling solutions.

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Based on product type, the structured cabling market is categorized into copper cable, fiber cable, copper components, and fiber components. Of these, copper cable was the largest revenue contributor to the market in 2017. Copper cables commonly used in structured cabling include unshielded twisted pair (UTP), shielded twisted pair (STP), and foil-screened twisted pair (FTP). During the forecast period, the market for fiber cable and components is expected to grow at a faster pace, as compared to that for their copper counterparts. Growing demand for increased bandwidth, low attenuation, high security, and reliable networks is expected to drive the demand for fiber cable and components for structured cabling systems in the coming years.

In terms of application, the structured cabling market is segmented into data center and local area network (LAN). The LAN category accounted for a larger revenue share in the market in 2017. During the forecast period, the data center category is expected to witness higher CAGR in the market. In terms of the industry, the structured cabling market is segmented into telecommunications, commercial, government, industrial and others. Telecommunications and commercial industries contributed almost equally to the global structured cabling industry and are also expected to contribute the most during the forecast period. However, industrial vertical is expected to witness the fastest growth by 2023.

Geographically, Asia-Pacific (APAC) held the largest revenue share in the structured cabling market in 2017, with a contribution of about 36%, followed by North America. The U.S. was the largest revenue contributor to the North American structured cabling market in 2017. During 2013–2023, copper cable is expected to contribute the largest revenue to the North American market. Besides, during the forecast period, the global market is expected to register the fastest growth in the APAC region, owing to the ongoing development and expansion of data centers and communication infrastructure in the region.

The growing need for automation has been broadening the scope of IoT. However, robust IT infrastructure is required for efficient IoT solutions, which can be provided by structured cabling. The incorporation of IoT demands the carriage of real time data. The emergence of smart cities has been driving the IoT market, which is consequently propelling the structured cabling market. As the global IoT market is expected to reach a value of $11 trillion by 2025, it carries with itself an opportunity for the structured cabling industry as well.

Some of the major companies operating in the structured cabling market include CommScope, Corning Inc., Panduit Corp., ABB Ltd, Schneider Electric, Nexans, Belden and Furukawa Electric.

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