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 assist the growing demand from various
demographics segments, services like telecom and Internet access are necessary.
Expansion in these sectors will directly affect the demand for coaxial cables.
Latin America is comparatively a smaller market for micro-coaxial cables. The
end-user industries in the region the comparatively at a nascent stage and
still with holds a lot of potential for improvement.
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The research report
assesses the market dynamics, market landscape, company profiles, production
and manufacturing capacity, year-on-year growth rate, SWOT analysis, and
Porter’s Five Forces analysis. The report estimates the market size, market
growth, and provides an accurate forecast for the key segments of the market
for the forecast period of 2020-2028. The report also covers an in-depth
analysis of the key competitors of the market, along with their growth
strategies and business expansion plans.
The Micro-Coaxial
Cable Market has been segmented
into key regions of the world and offers an analysis of growth rate, market
share, market size, current and emerging trends, production and consumption
ratio, industrial chain analysis, demand and supply, import and export, revenue
contribution, and presence of key players in each region. A country-wise
analysis of the market is offered in the report to gain a better understanding
of the regional spread and progress of the Micro-Coaxial Cable Market.
Further key findings from the report suggest
- The
CATV Companies segment is expected to reach USD 1.01 Billion by 2026.
Rising customer preference especially in developing regions for
subscribing television and broadband as a bundled service together with
switch-over from analog to digital television accelerates the growth of
global CATV Equipment and Antennas market which in turn is anticipated to
positively impact the micro-coaxial cable market. Changing technologies,
expanding media industry, including continuous progression in government
initiatives in rural electrification is expected to fuel the growth of
global micro-coaxial cable market.
- The
market for Latin America micro-coaxial cables market is expected to grow
at a CAGR of 4.9% over the forecast period. Military and aerospace sector
is expected to share the largest market share over the forecast period
owing to the investments towards development of robust communication
network infrastructure
- Military
& aerospace segment is expected to grow significantly at the rate of
7.3% during the forecasted period. Military and aerospace industries are
among the largest users of micro-coaxial cables around the world. Mostly
countries have distinctive requirements as per which the manufacturers
provide military grade micro-coaxial cables. Owing to the large investments
in improving the military communication infrastructure in countries
including China, the U.S., France, India, Germany, the U.K., and Egypt;
the demand from micro-coaxial cables is expected to rise at a good pace
over the forecast period.
- Telephone
service providers segment was valued USD 691 Million in 2018 and is
expected to reach USD 1,071 Million by 2026. Telephone landline
connectivity is largely dependent on micro-coaxial cables globally. The
market for telephone services has been at rise in the past and a similar
pattern is expected over the forecast period too. Rise in requirement of
telephone services in remote locations is expected to a major driver for
the micro-coaxial cable market over the forecast period. In order to
compete with the rising competition from mobile app based calling options,
the telephone service providers are expected to invest heavily towards
improving the telecommunication networks which is anticipated to impact
positively over the forecast period.
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Segments covered in the report:
This report forecasts volume and revenue growth at a global,
regional & country level, and provides an analysis on the industry trends
in each of the sub-segments from 2018 to 2026. For the purpose of this study,
Reports and Data have segmented the Micro-Coaxial Cable market on the Type,
Applications, End use and Region:
By Type Outlook (Revenue, USD Million; 2018-2028)
- Hard-line
Cable
- Triaxial
Cable
- Twin
Axial Cable
By Applications Outlook (Revenue, USD Million; 2018-2028)
- Internet
Data Transfer
- Video
Distribution
- Radio
Distribution Frequency Transfer
- Others
By End use Outlook (Revenue, USD Million; 2018-2028)
- CATV
Companies
- System
Integrators
- Military
and Aerospace
- Telephone
Service Providers
- Construction
Industry
- Others
Regional Outlook (Revenue, USD Million; 2018-2028)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
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Key Advantages of Micro-Coaxial
Cable Market Report:
- Identification
and analysis of the market size and competition
- Qualitative
and quantitative analysis of the market data
- Data
validated by industry experts after extensive primary and secondary
research
- Extensive
regional analysis of the Micro-Coaxial
Cable industry
- Profiling
of key players along with their business overview, business strategies,
deals and partnerships, and product portfolio
- SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the
competitive landscape
- Feasibility
analysis and investment analysis to enable strategic investment decisions
- Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Micro-Coaxial Cable
Market are quantitatively as well qualitatively assessed to study the global as
well as regional market comparatively. This market study presents critical
information and factual data about the market providing an overall statistical
study of this market on the basis of market drivers, limitations and its future
prospects.
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