Micro-Coaxial Cable Market Size Hit USD 6.94 Billion at a CAGR of 6.3% in 2028 | Hitachi, Ltd., Radiall S.A
Increase in global defense spending together with expansion of infrastructure and construction growth is expected to grow the market Market Size – USD 4.25 Billion in 2020, Market Growth - CAGR of 6.3%, Market Trends – Increase in investments in Construction Industry The Micro-Coaxial Cable market is projected to grow at a rate of 6.3% by 2026, to reach USD 6.94 Billion in 2028 from USD 4.25 Billion in 2020, according to a new report by Reports and Data. The aerospace and defense industry is a major user of coaxial and micro-coaxial cables. These are used to provide interconnection between essential electronic components in aircraft. Since aircraft have several radio communication equipment, isolation of the radio signals is critical for the smooth functioning of this equipment, which makes coaxial cables play a major role in electronic communication. The rising economic activity and rapid urbanization is expected to drive the growth in new infrastructure and construction. To ass