Structured Cabling Market Size, Share, Growth and Industry Report 2023-2030
Structured Cabling Market reached USD million in 2021 and is expected to record significant growth by reaching up to USD million by 2030, growing at a CAGR of 4.90% during the forecast period (2023-2030).
Structured cabling refers to a standardized and organized telecommunications cabling infrastructure designed for buildings or campuses. This infrastructure comprises various standardized components, forming a structured system that provides predictable performance and flexibility for future modifications, expansions, and alterations. The primary goal of a structured cabling system is to maximize system availability, offer redundancy, and ensure that the cabling system remains adaptable to evolving needs, thereby future-proofing its usability.
A comprehensive telecommunications infrastructure is established through a structured cabling system, encompassing a complete set of cabling and related components. This infrastructure serves multiple purposes, including facilitating phone service provision and supporting data transmission across computer networks. The standardized and organized nature of structured cabling makes it a vital element in creating efficient and reliable communication networks within buildings or across campuses.
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The market for structured cabling is experiencing significant growth due to the widespread adoption of the Internet of Things (IoT) in industrial and commercial sectors. The expansion of both industries has led to a surge in demand for structured cabling solutions. According to the Globally Internet of Things Spending Guide by the International Data Corporation (IDC), it is estimated that 23% of global IoT expenditures by 2022 will be concentrated in Europe. As the industrial sector rapidly expands, there is a growing need for structured cabling that supports IoT applications, presenting manufacturers with abundant opportunities.
The demand for IoT-based structured cabling is on the rise, driven by the continuous growth of the industrial sector. In the third quarter of 2020, private industries involved in the production of goods and services experienced significant expansions, with a notable increase in real GDP across various industrial groups, according to the Bureau of Economic Analysis (BEA). This growth underscores the importance of structured cabling in supporting the connectivity requirements of IoT applications in diverse industrial settings.
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IT & Telecommunications
Residential & Commercial
Government & Education
Local Area Network
Wide Area Network
Market Key Players
Major players are Belden Inc., Cisco Systems, Inc., COMMSCOPE, Corning Incorporated, Furukawa Electric Co. Ltd., Legrand S.A., Nexans, Schneider Electric, TE Connectivity, and Siemon.
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