Global Structured Cabling Market Size & Outlook, 2023-2030
Global structured cabling market, 2017-2030 (US$M)
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Global structured cabling market highlights
- The global structured cabling market generated a revenue of USD 11,350.8 million in 2023 and is expected to reach USD 23,170.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.7% by 2030.
- In terms of segment, copper cables accounted for a revenue of USD 5,593.9 million in 2023.
- Fiber Optic Cables is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,350.8 million |
| Market revenue in 2030 | USD 23,170.2 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Copper cables |
| Fastest growing segment | Fiber Optic Cables |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Copper Cables, Fiber Optic Cables |
Other key industry trends
- In terms of revenue, the North America accounted for 31.8% of the global structured cabling market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,550.1 million by 2030.
Copper cables was the largest segment with a revenue share of 49.28% in 2023. Horizon Databook has segmented the Global structured cabling market based on copper cables, fiber optic cables covering the revenue growth of each sub-segment from 2017 to 2030.
Because of the growing proliferation of the internet in urban and remote areas, the demand for faster transmission is necessitated worldwide. Internet and network connectivity are turning out to be very important for the growth of a business or an organization. High-speed internet is an essential aspect for millions of people worldwide for faster connections for household or commercial purposes.
Even simple surfing and email exchanges require 2 MBPS speed, and standard video streaming needs a minimum of 3 MBPS speed without distortions. The surging demand for faster internet connections has led to the rising need to speed up the connections worldwide. Since the introduction of the World Wide Web (www) in the late 20th century, internet speed has revolutionized from 2G, 3G, 4G, and the launch of 5G is expected sooner in the coming years.
The global average broadband internet speed from May 2018 to May 2019 was anticipated to be 11.03 MBPS, whereas it was comparatively slow in previous years. According to the Internet & Television Association (NCTA), the global average speed of the internet in 2021 was 113 MBPS. Network operators are continually updating their services and speed connections to provide a competitive edge to the other operators in the business. For instance, Corning Inc., a supplier of optical communications solutions, introduced Corning SMF-28 Contour optical fiber in June 2021.
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Structured Cabling Market Scope
Structured Cabling Market Companies
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Global structured cabling market size, by region, 2017-2030 (US$M)
Top 10 countries: Structured cabling market size, 2023 (US$M)
Global structured cabling market share, by product, 2023 & 2030 (%, US$M)
Structured cabling market: Opportunity assessment by country
Global structured cabling market, by region, 2023 (US$M)
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