Structured cabling products such as cables, communication outlets, racks & cabinets, and others are being widely used in residential & commercial, IT & telecommunications, and other verticals to set up the communication & IT network infrastructure. Additionally, most of the R&D spent by the key players is specifically toward the products of the structured cabling market. Multiple product launches, product developments, and other inorganic strategies adopted by the key players are primarily related to the product segment. For instance, in August 2021, Belden Inc. launched the OptiTuff Mini Fiber Cable solution. Owing to these factors, the products segment is projected to lead the global structured cabling market during the forecast period.
The global structured cabling market is projected to reach USD 15.0 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 5.1% from 2022 to 2027. Major factors driving the growth of the market include growing trend of data center convergence penetrating IT infrastructure market and rising emergency of smart cities. In 2027, North America is projected to hold the largest share of the overall structured cabling market. The major factor contributing to this growth is the presence of several key players in North America with a broad structured cabling product portfolio for various industries. Additionally, the growing demand for mobile data through wireless connectivity has led to an increase in spending on wireless telecommunications and data communication equipment, which has propelled the growth in the US. Further, according to CloudScene, as of February 2022, there were nearly 8,347 data centers globally out of which 2762 are present in the US.
CommScope Holding Company, Inc. (US), Corning Incorporated (US), Legrand (France), Nexans (France), Panduit Corp. (US), Belden Inc. (US), R&M (Switzerland), Furukawa Electric Co., Ltd. (Japan), Schneider Electric (France), The Siemon Company (US); are some of the key players in the structured cabling market.