Structured Cabling Market - Industry Insights by Product, Wire Category, Application and Industry Vertical Forecast to 2022

The global structured cabling market is expected to grow at a CAGR of 5.8% during 2016 - 2022. Among the various products, copper cable contributed highest to the global structured cabling market in 2015. The increasing number of data centers and demand for technologies, such as Wi-Fi, cloud computing and IoT, have been further elevating the need for standardized cabling solutions, such as structured cabling. To meet the escalating demand for structured cabling, the market players in this industry are introducing new products.

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The market for fiber based structured cabling products has been growing at a higher pace as compared to their copper counterparts. The 5e wire category has been observed to be in the declining stage of its life cycle, which is evident from its declining sales in North America and Europe. However, the decline of this market segment is being offset by the category 7 wires.

The unexplored market across the globe, including countries in Asia-Pacific, Latin America and Africa, is creating ample opportunities for the structured cabling market. The increasing number of data centers and demand for high speed internet networks have been spurring the market growth in these regions. Countries such as China, India and Brazil are expected to play a pivotal role in the growth of global structured cabling demand. Structured cabling is used widely in Wi-Fi services. Wi-Fi is expected to account for more than 60% usage of the global mobile data traffic by next five to six years. The demand for Wi-Fi services in developing countries is also expected to shoot up during the coming years, which is consequently expected to offer opportunities for the structured cabling market.

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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 a growth opportunity for the structured cabling market as well.

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CommScope was the market leader in the global structured cabling market in 2015. The other major companies operating in the global structured cabling market include Corning Inc., Panduit Corp., ABB Ltd, Schneider Electric, Nexans, Belden, and Furukawa Electric.

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