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Structured Cabling Market Booming Trends and Forecast Assessment for the Period 2018-2028

September 20, 2019 by Amanpreet  

The structured cabling market recorded a CAGR of over 6% during the period, 2013 to 2017. The structured cabling industry has been underpinned by the continual expansion in the datacenters, the increasing mobile internet subscriptions, and the constantly changing business infrastructure.

Value of the structured cabling market was estimated at nearly US$ 16 billion in 2018, and is forecast to record a CAGR of approximately 8% through 2028.

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North America remains the leading market for structured cabling, undergird by the proliferation of data center projects in the U.S. Additionally, significant evolutions in the region’s telecommunication industry will continue to influence the demand side trends in the structured cabling market.

Asia-Pacific excluding Japan (APEJ) is projected to be a high-growth market for structured cabling, as more providers in the region are shifting their focus toward integrating video and data capabilities to leverage one network, and tapping new markets with attractive service offerings..

The growing trend of 5G technology is expected to pave lucrative growth opportunities for the structured cabling market, upheld by increasing palpability of the technology’s trials and deployments worldwide.

What are Key Growth Drivers of the Structured Cabling Market?

Structured cabling industry is under a radical transformation, with focus of companies on modernization of infrastructure. Enterprises are making investments into expanding and revolutionizing their network and communication infrastructure in response to the changing business landscape, thereby paving remunerative avenues for the structure cabling market players.

As 5G technology continues to witness a marked penetration globally, enterprises and businesses are adopting newer ways to cope up with the network transformation. Regardless of the increasing incorporation of wireless technology globally, fiber will continue to remain an integral component of the network infrastructures. 5G deployments and trials are laying the foundation for new structured cabling installations, thereby translating into promising opportunities for established as well as emerging structured cabling providers.

The datacenter industry is on an upward spiral, in light of increasing investments by companies, which are creating the need to manage larger volumes of data. Furthermore, the emergence of modular data centers have stimulated the utilization of modularized data cabling solutions that hold superior networking capabilities.

The increasing demand for sophisticated network infrastructures along with improved performance and connectivity has further complemented growth of the structured cabling market. As the focus of the telecommunication industry on point-to-point cabling solutions continues to grow, the paradigm shift from conventional to structured cabling solutions among companies is increasingly palpable.

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The demand for higher network bandwidth witnessed across a plethora of applications have entailed the requirement for high-speed transmission systems, which continues to remain a key demand determinant of structured cabling.

Focus of the telecommunication sector toward implementation of advanced physical security solutions has significantly spurred the demand for structured cabling in light of its reliability and ability of providing improved surveillance performance.

Structured Cabling Market - Key Factors Restraining Market Growth

Complexities involved in the fiber termination, and capital-intensive nature of converting the optical signals to electronic, have inclined the end-user preference toward wireless solutions. This is likely to confine growth of the structured cabling market to a certain extent.

Future shifts from the copper cables to relatively newer technologies are expected to remain slow, in terms of margins than systemic instead. Copper cables have been the primary choice for data transition among commercial businesses.

Competition Analysis of Structured Cabling Market

The structured cabling market remains a consolidated landscape, with nearly 50% shares held by the top five companies. Key players operating in the structured cabling market are emphasizing the provision of novel structured cabling hardware and services. Partnership with service providers that offer  installation and consultation services continues to remain a key growth strategy of leading players in the structure cabling market, while emerging players are focusing on  in-house service offerings.

At a global level, the labor expenses account for nearly 30% of the structured cabling installation costs, including wages of management and field workers. Labor costs vary from country-to-country, considering the variation in currency rates. The study states that companies operating in the structured cabling market emphasize on the economies where opportunities are high, while labor cost remains low.

A key trend gaining momentum in the structured cabling market is the convergence of the old and new media, which facilitates network operations via an appropriate infrastructure. Leading structured cabling solution providers have been incorporating the data and video capabilities, leveraging a single network to tap into markets with opportune potential with their attractive service offerings. Mid-sized players in the structured cabling market are entering into strategic partnerships with leading companies in a bid to expand their geographical footprint.

Key players operating in the structured cabling market, as profiled in the report, include Corning Incorporated, CommScope Holding Company, Inc., Nexans S.A., Legrand SA, Datwyler Cabling Solutions AG, Panduit Corp., The Siemon Company, Schneider Electric SE, ABB Ltd., Nutmeg Technologies, Superior Essex Inc., Belden Inc., Furukwa Electric Co. Ltd., Hubnetix Corporation, Tri-City Electric Co., and others.

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Optical Fiber Cables Emerge as Preferred Solutions

As the preference for high bandwidth in data transmission continues to grow, there in an increasing demand witnessed for optical fiber cables. The flexibility, scalability, and higher bandwidth offered by optical cables have led to replacement of copper cables with optical counterparts across the IT and telecommunication industry. Moreover, as optical fiber cables offer enhanced productivity, the demand for this variant is likely to gain traction.

Both single mode and multi-mode optical cables are anticipated to exhibit high growth. In terms of the global market share, the multi-mode optical fiber cables are expected to showcase marginally higher potential than the single-mode type with a valuation reaching over US$ 8 million in 2028.

Research Methodology

A verified and proven research methodology involving extensive primary and secondary researches is the basis of the report with which it provides forecast and values for the structured cabling market. Data gathered on the structured cabling market has been further validated by Fact.MR’s experienced industry analysts and experts, which adds immense credibility to the report. The report serves as a significant business intelligent tool and an authentic source for stakeholders in the structured cabling market, helping them in developing profitable, factual, and long-term growth strategies for their businesses.

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