Fiber Cable And Fiber Components Segment Will Witness Highest Growth Rate

- Jun 04, 2018-

The global structured cabling market was valued at $7.6 billion in 2017 and is forecasted to witness a CAGR of 5.5% during 2018–2023, and is expected to reach $10.68 billion by 2023.

The rising number of data centers and the ever-increasing demand for technologies such as Wi-Fi, cloud computing and IoT are pushing the need for standardized cabling solutions, such as structured cabling.

In the current scenario, when every growing organization wants a hassle-free IT infrastructure, the demand for structured cabling is on the rise. It saves cost as well as time of business organizations, such as data centers, it is a more organized and standardized approach, as compared to patch cords.

Based on product type, the structured cabling market is categorized into copper cable, fiber cable, copper components and fiber components. Of these, copper cable was the largest revenue contributor to the market in 2017. During the forecast period, the market for fiber cable and components is expected to grow at a faster pace. Growing demand for increased bandwidth, low attenuation, high security and reliable networks is expected to drive the demand for fiber cable and components for structured cabling systems in the coming years.

Geographically, Asia-Pacific (APAC) held the largest revenue share in the structured cabling market in 2017, with a contribution of about 36%, followed by North America. The U.S. was the largest revenue contributor to the North American structured cabling market in 2017. Developing countries of Asia-Pacific (APAC), Latin America and Africa are creating ample growth opportunities for the players in the structured cabling market.

Major Key Players -
CommScope, TE Connectivity, Corning Inc., Panduit Corp., ABB Ltd., Schneider Electric, Nexans, Belden and Furukawa Electric.

Structured Cabling Market Segmentation:
• By Product Type
• By Application
• By Wire Category
• By End Use
• By Region

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