Global structured cabling market forecast to $16.5B thru 2025 at 8.4% CAGR

The "Structured Cabling Global Market Report 2021: COVID-19 Impact and Recovery" report has been added to the offering of ResearchAndMarkets.com (Dublin, Ireland). The new report provides ICT industry strategists, marketers and senior management with the critical information they need to assess the global structured cabling market.

Per the researcher, the global structured cabling market is expected to grow from $11 billion in 2020 to $11.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The analyst said this market growth is mainly due to the companies re-arranging their operations and recovering from the impact of the COVID-19 pandemic, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

Looking ahead, the global structured cabling market is expected to reach $16.5 billion in 2025 at a CAGR of 8.4%.

The main types of structured cabling covered by the study are fiber-optic cables and copper cables as physical mediums through which high-speed data is transmitted, as used by market segments including IT and telecommunications, residential and commercial construction, government and education, transportation, and industries for applications in local area network (LAN) and data centers.

According to the report, the structured cabling market consists of sales of structured cabling products by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing structured cabling systems of cabling and associated hardware. Structured cabling is defined as building or campus cabling infrastructure such as telecommunication cabling or Ethernet cabling.

The researcher notes that properly designed and installed structured cabling "provides the infrastructure that delivers the flexibility to make changes to the cabling system, maximize system availability, delivers predictable performance." Looking ahead, as stated by Research and Markets:

The increasing demand for high-speed connectivity is likely to contribute to the growth of the structured cabling market. 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.

Global regions covered by the new report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The study finds North America was the largest region within the structured cabling market in 2020, with Asia Pacific expected to be the fastest-growing region during the forecast period.

Countries covered by the report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and the USA.

As revealed by the report's summary:

Fluctuating copper prices acted as a major restraint for the growth of the structured cables market. Network cables are manufactured with copper either in solid or stranded wires. Copper prices rapidly change due to the demand for scrap 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 Wall Street expects the higher average price for the next two years, with 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.

Research and Markets notes that "companies operating in the structured cabling market are continuously focusing on developing new products to empower enterprises digitally and to generate higher revenues for the company. Hence, the launch of innovative solutions is gaining immense popularity in the structured cabling market."

Companies mentioned by the report include: