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The Structured Cabling Market size is projected to reach a value of USD 7377.88 million, with a CAGR of 9.03% between 2022 and 2027. Several factors contribute to the growth of the market, including increased investments in data centers, a growing telecommunications sector, and rising demand for FTTx. The need for reliable and efficient cabling systems is driven by the surge in home automation and the continuous evolution of Internet access. This market research and growth report includes key market drivers, trends, and challenges for the forecasted period.
Structured Cabling Market Forecast 2023-2027
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The market experiences robust growth driven by key drivers shaping the industry. Automation in various sectors, facilitated by innovations in computer hardware and machine-to-machine communication, propels the demand for structured cabling solutions. Economic growth contributes to increased infrastructure development, fostering the expansion of electrical grids and smart grid initiatives. The surge in home automation and the continuous evolution of Internet access drive the need for reliable and efficient cabling systems.
Established industry players like Legrand and Siemens play pivotal roles, providing cutting-edge solutions for data communication, digital distribution, and video surveillance through closed-circuit television. As demands for broadband, cellular networks, and mobile broadband escalate, the Structured Cabling Market remains at the forefront, ensuring seamless connectivity and supporting the expanding landscape of internet service providers.
The market is witnessing transformative trends driven by technological convergence and evolving communication needs. The integration of Voice over IP (VoIP) and streaming media necessitates efficient infrastructure, with network interface controllers serving as crucial components. The demand for seamless connectivity has spurred innovations like top-down and bottom-up design approaches, ensuring optimal network performance. Patch panels play a pivotal role in organizing and managing cables, facilitating streamlined data and video transmission.
With surveillance systems relying on robust connections, the market is adapting to the increasing requirements of security applications. In the realm of transportation and communication, supports telephone networks, facilitating uninterrupted and reliable voice and data transmission. These trends highlight the market's dynamic nature, addressing contemporary connectivity needs across diverse sectors.
Volatile raw material prices, especially aluminum and copper, pose a significant challenge in the market. These materials form the core components systems, where copper-coated aluminum is used for its durability in extreme conditions. Fluctuating metal prices impact suppliers' costs, compelling adjustments in product prices. However, changes in customer pricing strategies take time, resulting in periods where selling prices don't align with metal costs, causing companies to incur losses. If companies manage to increase selling prices during raw material price hikes, gross profit margins rise. Conversely, stiff competition limiting price increases can lead to decreased gross revenue for companies.
In 2022, the Copper Cabling Technologies sector emerged as the market leader, commanding the largest share in the global market. Renowned for efficient transmission across short and medium distances, copper wires hold prominence in data centers and desktop connections. Technological advancements further enhance their viability, propelling the increasing popularity of copper cables. The foreseen profitability associated with Copper Cabling Technologies is expected to significantly contribute to the growth of the structured cabling market. Consequently, the rising demand for copper cables is anticipated to be a driving force behind the market's expansion throughout the forecast period.
The Copper Cable Segment segment was valued at USD 8,500 million in 2017 and continued to grow until 2021.
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The segment focusing on Fiber Optic Cabling Systems is projected to demonstrate the highest CAGR throughout the forecast period. These cabling systems are extensively utilized due to their exceptional performance and high-capacity data transmission capabilities. Comprised of minute strands of glass or plastic, known as optical fibers, they efficiently transmit data in the form of electric signals across vast distances. These Fiber Optic Cabling Systems find application in various sectors including telecommunications, residences, commercial establishments, public services, utilities, and aeronautical data networks. Hence Fiber optic cabling systems is making a contribution to the growth of the market.
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North America is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional market trends and analysis, drivers, and challenges that are expected to shape the market during the forecast period.
The data center market, which is a major contributor to the global market, showed a clear dominance in 2022 in North America, compared with the other two regions. The dominance was primarily because of the increasing number of data center establishments in the region. This increased the need for IT infrastructure and associated cabling solutions. Technavio expects the region to dominate the market in focus during the forecast period as well.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers solutions such as cable ties, tools and accessories, grounding systems, wire termination and tools, wiring ducts, and trunking.
Belden Inc.: The company offers products such as mini-distribution fiber cables, optical distribution frame cabinets, fusion splice-on connectors, and fiber patch cords.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. This market report classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The Global Structured Cabling Market is witnessing significant growth, fueled by the increasing demand for internet backbone infrastructure to support digital services and communication networks. Companies like Legrand play a crucial role in providing structured cabling systems for telecommunication infrastructure and data centers, utilizing copper conductors and fiber optic cables to ensure efficient data signal transmission. With the rise of Machine-to-machine communication and IoT devices, the market is expanding rapidly, especially in residential and commercial, government, and industrial sectors. Technological innovations such as 5G networks and automation techniques further drive market growth, offering enhanced network connectivity and time and cost management for small and large enterprises across various verticals including IT and telecommunications, aerospace, and machinery industries.
This market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Structured Cabling Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.03% |
Market growth 2023-2027 |
USD 7377.88 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.24 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Belden Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Corning Inc., Datwyler Holding Inc., Eland Cables Ltd., Furukawa Electric Co. Ltd., Hubnetix Corp., Legrand SA, LS Corp., Nexans SA, Nutmeg Technologies, Panduit Corp., Prysmian Spa, Schneider Electric SE, TE Connectivity Ltd., The Cabling Co., The Siemon Co., and WESCO International Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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