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Structured Cabling Market Analysis 2023: Growth Opportunities, Size, Demand, Segments And Trends Report 2032 | CommScope, Nexans SA, Legrand, Corning Inc., Belden Inc
Structured Cabling Market
The Business Research Company's Structured Cabling Global Market Report 2023 identifies increasing demand for high-speed connectivity as the major driver for the Structured Cabling market's growth in the forecast period. Structured cabling includes a set of cables and hardware that makes the telecommunication infrastructure and helps in transferring video, voice, and data signals from one point to another through a communication network in an enterprise. High-speed connectivity requires connected devices and cables for a smooth and high-speed network connection. For instance, the global over-the-top (OTT) players, where data transfer need is in the range of 100TB/sec, require around 3000+ fiber strand optical fiber cables minimum for one data center to meet the viewing demand of customers.
The global structured cabling market size will grow from $12.85 billion in 2022 to $13.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the structured cabling is expected to grow to $19.25 billion in 2027 at a CAGR of 8.5%.
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Major competitors in the Structured Cabling market are CommScope, Nexans SA, Legrand, Corning Inc., Belden Inc.
A key trend in the Structured Cabling market includes fluctuating copper prices. Network cables are manufactured with copper either in solid or stranded wires. Copper prices rapidly change due to the demand for sc*rap and the rate of production in the fields like construction, technology, or electrical manufacturing, and increase the operational and capital expenditure. According to Goldman Sachs, the 12-month forecast for copper is estimated to be $9,500 per metric ton and the Wall Street expects a higher average price for the next two years with the estimated copper pricing averaging around $8,625 in 2021 and expected to be $9,175 in 2022. Therefore, the fluctuating copper price has a negative impact on the structured cabling market.
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The Structured Cabling market is segmented -
1. By Product Type: Fiber Optic Cables, Copper Cables
2. By Application: LAN, Data Center
3. By End Use Industry: IT & Telecommunication, Residential & Commercial, Government & Education, Transportation, Industrial, Other End User
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Structured Cabling market.
The Business Research Company's "Global Structured Cabling Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Structured Cabling Market Include:
1. Executive Summary
2. Structured Cabling Market Characteristics
3. Structured Cabling Market Trends And Strategies
4. Structured Cabling Market - Macro Economic Scenario
5. Structured Cabling Market Size And Growth
……
26. Africa Structured Cabling Market
27. Structured Cabling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Structured Cabling Market
29. Structured Cabling Market Future Outlook and Potential Analysis
30. Appendix
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