Yahoo Finance With 8.02% CAGR, Structured Cabling Market Worth USD 21.48 Billion by 2029
According to Fortune Business Insights, the global structured cabling market size is projected to reach USD 21.48 billion in 2029, at a CAGR of 9.25% during the forecast period, 2022-2029
Pune, India, Oct. 06, 2022 (GLOBE NEWSWIRE) -- The global structured cabling market size was valued at USD 10.85 billion in 2021. The market is projected to grow from USD 11.62 billion in 2022 to USD 21.48 billion by 2029, exhibiting a CAGR of 9.2% during the forecast period. Fortune Business Insights presents this information in its report, titled, “Structured Cabling Market Forecast, 2022-2029.”
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Key Industry Development:
June 2022: Nexans unveiled the Mobiway Un-Reel solution, making cable installation simple, more inventive, cost-efficient, and more safe throughout an expansive variety of low and medium-voltage cables.
Report Scope & Segmentation
Report Coverage | Details |
Forecast Period | 2022 to 2029 |
Forecast Period 2022 to 2029 CAGR | 9.2% |
2029 Value Projection | USD 21.48 Billion |
Base Year | 2021 |
Structured Cabling Market Size in 2021 | USD 10.85 Billion |
Historical Data for | 2018 to 2020 |
No. of Pages | 170 |
Segments covered | Type, Cable Type, Application, End-User and Geography |
Reduced Investments and Banned Broadband Connection Functions Obstructed Market Growth
The COVID-19 pandemic has considerably influenced the advanced technology sectors throughout the world. The COVID-19 pandemic has severely swayed the supply of raw materials associated with the electronics industry. The value chains of the electronics and telecom sectors have been interrupted across the globe due to the termination of manufacturing units.
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Drivers and Restraints:
Increasing Broadband Infrastructure Developments to Fuel Market Growth
The growing advancements of broadband infrastructure projects and the augmentation in the initiatives of government investments in multiple countries for making smart cities have resulted in the demand for structured cabling solutions. Broadband connections are inaugurated with the assistance of this cabling and related hardware systems, which enable practical telecommunication industries.
Segments:
Growing Investment by Vital Players for Digitalization and Surging Production of Cabling Supports Market Growth
The market scope includes fiber cabling, cabling infrastructure, and copper cabling based on type. Copper cabling is predicted to have the largest market share as increasing investment by the dominating players to inaugurate digital infrastructures across the globe.
Growing Investment for Establishment of Data Centers Supports Market Growth
The market study comprises data center and Local Area Network (LAN) based on application. The LAN segment is anticipated to hold the largest structured cabling market share owing to prompt development and investments in broadband connectivity throughout the globe.
Royalty to Observe High Growth Backed by Increasing Bulk Purchase of IP Products by Electronics Device Manufacturers
The market scope includes Cat 5E, Cat 6, Cat 6A, Cat 7/7A, and others (Cat 8) based on cable type. Cat 6 is predicted to hold the largest market share owing to its utilization for commercial and industrial applications.
Growing Development Cloud Infrastructure and Data Center by Dominating Players Assists Market Growth
The market scope includes residential, commercial, and industrial based on end-user. Industrial segment is estimated to hold the largest market share and grow with the highest CAGR during the forecast period. This is principally owing to increasing expansion of the local area network internet connectivity and growing capitalization for 5G network establishments.
Geographically, the market share is fragmented into five major regions, Asia Pacific, North America, the Middle East & Africa, Europe, and South America.
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Regional Insights:
North America to Lead Backed by Adoption of Key Technologies
North America is projected to account for the largest structured cabling market share in the global market during the forecast period, stoked by the surging investment by the fundamental players in emerging the region's 5G, broadband, and communication infrastructure development projects.
Asia Pacific is anticipated to grow at the greatest CAGR during the forecast period owing to the multiplying capitalization by governments of various countries in wireless technology and city projects.
Europe is anticipated to grow with an average CAGR, owing to the pioneering players' surging cloud infrastructure and data center-related investment.
Competitive Landscape:
Inventive Product Launch Declarations by Chief Players to Propel Market Growth
The leading structured cabling players adopt several strategies to bolster their position in the market. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.
List of Key Players Mentioned in the Report:
ABB Ltd. (Switzerland)
Anixter International Inc. (U.S.)
Belden Inc. (U.S.)
Legrand SA (France)
CommScope Holding Co. Inc. (U.S.)
Cisco Systems Inc. (U.S.)
Corning Inc. (U.S.)
Datwyler Holding Inc. (Switzerland)
Furukawa Electric Co. Ltd. (Japan)
Hubnetix Corp. (U.S.)
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Major Table of Contents:
Global Structured Cabling Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Type (USD)
Fiber Cabling
Cabling Infrastructure
Copper Cabling
By Cable Type (USD)
Cat 5E
Cat 6
Cat 6A
Cat 7/7A
Others (Cat 8)
By Application (USD)
LAN
Data Center
By End-user (USD)
Residential
Commercial
Industrial
Automotive
IT & Telecommunications
Military & Defense
Energy & Utilities
Oil & Gas
Others (Healthcare)
By Region (USD)
North America
Europe
Asia Pacific
Middle East & Africa
South America
North America Structured Cabling Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Type (USD)
Fiber Cabling
Cabling Infrastructure
Copper Cabling
By Cable Type (USD)
Cat 5E
Cat 6
Cat 6A
Cat 7/7A
Others (Cat 8)
By Application (USD)
LAN
Data Center
By End-user (USD)
Residential
Commercial
Industrial
Automotive
IT & Telecommunications
Military & Defense
Energy & Utilities
Oil & Gas
Others (Healthcare)
By Country (USD)
United States
Canada
Mexico
Europe Structured Cabling Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Type (USD)
Fiber Cabling
Cabling Infrastructure
Copper Cabling
By Cable Type (USD)
Cat 5E
Cat 6
Cat 6A
Cat 7/7A
Others (Cat 8)
By Application (USD)
LAN
Data Center
By End-user (USD)
Residential
Commercial
Industrial
Automotive
IT & Telecommunications
Military & Defense
Energy & Utilities
Oil & Gas
Others (Healthcare)
By Country (USD)
United Kingdom
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
TOC Continued…!
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