Access to high bandwidth is considered an imperative for faster data transmission and in establishing connections through applications such as video calling. The demand for high bandwidth is therefore increasing robustly, which in turn is boosting the global structured cabling market. Furthermore, with the escalating number of internet users worldwide, the demand for better bandwidth is poised to soar, and will in turn translate into higher demand for structured cabling.
Structured cabling is a cabling set-up and associated hardware that facilitates faster and error-free transmission of data and video and voice signals from one point to another or from one server to another. This cabling infrastructure further consists of a number of smaller elements called subsystems. The design and installation of structured cabling is governed by a set of standards that specify apartment buildings and wiring data centers for voice or data communication.
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As per the United Nations International Telecommunications Union, the total number of internet users around the world was estimated to be approximately 3 billion in 2014. Furthermore, the organization expects the number to increase at rapidly in the coming years, thereby boosting the scope of expansion for the structured cabling market.
Among the different solution type of structured cabling, hardware segment held the largest market share with 89.0% share in 2014. The hardware segment is mainly driven by copper cable. However, across the different applications of structured cabling, the residential sector is expected to be the fastest growing market during the forecast period. The modular design of structured cabling is very flexible and supports future up gradation where new cable structure can be added or move without any new modification in the cabling infrastructure. This makes it most suitable for residential purpose and thus results in higher adoption of structured cabling infrastructure in the residential sectors.
By geography, North America held the largest market share in structured cabling market and accounted for 38.8% market share in 2014. Being a mature market owing to high penetration level, the structured cabling market in North America is predicted to experience sluggish growth in the coming years. Europe held the second largest market share in the global structured cabling market. Initiative taken by European Commission to reduce carbon emission and electricity consumption is also responsible for the robust growth of structured cabling market in Europe during the forecast period.
Globally, the structured cabling market is expected to grow at a steady pace. According to the TMR report, the market is likely to exhibit a CAGR of 7.1% from 2015 and 2021. The market, according to the report, stood at US$7.11 bn in 2014 and is expected to reach US$11.45 bn by the end of 2021.
Some of the major market players operating in the structured cabling market are: Legrand SA (France), Belden Inc. (US), CommScope Holding Company Inc. (Carolina), Schneider Electric SE (France), and Corning Inc. (New York) among others.