Posted On: 2018-12-04
The structured cabling market in India is currently in the growing stage and is expected to be benefitted further through digitization of the economy. Make in India Campaign, Saubhagya Scheme, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) along with expected increase of FDI inflow in the real estate sector -around INR 1.8 Lakh Crores ($25 billion) by 2022 would strengthen the commercial, manufacturing and public infrastructure verticals during 2018-24.
According to 6Wresearch, India Structured Cabling market revenues are projected to grow at a CAGR of 7.5% during 2018-24. Government initiatives such as the Smart Cities Mission, along with a shift towards digitization and increasing internet penetration have created an environment of healthy growth for the structured cabling solutions market in India.
According to Rachit Gulati, Research Analyst, Research and Consulting, 6Wresearch, "With campaigns such as Digital India, being implemented in the country, the trend of intelligent campuses and other such facilities, where structured cabling solutions and telecom infrastructure are of paramount importance is gaining traction. As a result, the demand for structured cabling in India is predicted to grow at a healthy rate in future as the idea of a digitized society becomes more commonplace."
"Increasing demand for higher bandwidth, government's BharatNet initiative along with other advantages offered by fiber optics such as immunity towards electromagnetic interference would propel the adoption of fiber cabling networks over the coming years," Rachit further added.
According to Vaishali Chawla, Research Associate, Research and Consulting, 6Wresearch, "The commercial segment application was the major revenue contributor in the overall Indian structured cabling market in 2017 owing to widespread use of these in retail, hospitality and data center areas. The trend is likely to continue over the coming years as well due to rapidly increasing urbanization, and therefore establishment of new data centers, hospitality & healthcare facilities and office spaces across the country."
"Additionally, upcoming and ongoing projects such as the Mumbai-Ahmedabad bullet train, Delhi-Mumbai industrial corridor and GIFT (Gujarat International Finance Tec City) are expected to benefit the construction sector in India which would lead to a rise in demand for structured cabling solutions in the transportation and related infrastructure segment over the next few years," Vaishali concluded.
Some of the major companies in Indian structured cabling solutions market include CommScope, Schneider, Belden, Molex and Corning.
"India Structured Cabling Market (2018-24)" report provides in-depth analysis with 68 figures and 6 tables covered in more than 110 pages. The report estimates and forecast the overall structured cabling market by product types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.