- Coaxial cables are employed in the transfer of video data, internet and radio frequency over distributed networks. The North America coaxial cable market is likely to reach USD 3,400 million by 2020. This may be attributed to rising spending on information technology and telecom, low installation costs, and technological developments.
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Market operators are engaged in expanding distribution channels to serve rural markets in future. The adoption of DOCSIS 3.1, which is the current international standard set for data transfer over cable systems, will also provide opportunities for growth over the next seven years. DOCSIS 3.1supports very high speeds of downloads as well as uploads.
However, high raw material prices could render the cables costly. This may hamper profitability. While coaxial cables were extensively used in LANs – Local Area Networks earlier, in present times, there is higher preference for optical fiber cables, radio waves, and twisted pair wiring. Ease of use, lower costs, and greater capacity are reasons for growing popularity of these substitutes. This poses a challenge to growth.
The market can be classified on the basis of applications, end-users, and regions. Key application segments are video distribution, internet data transfer, and radio frequency transfer. Video distribution, with a CAGR of 7.4% from 2014 to 2020, would be the fastest-growing segment. This is owed to higher popularity of video on demand, over the top services, internet protocol, etc. Radio frequency transfer held more than 60% market share in 2013 due to advantages like low cost of installation and ability to provide maximum channel bandwidth.
Important end-users are telephone service providers, construction industry, system integrators, military & aerospace, internet service providers, CATV – Community Antenna Television companies, and others. While internet service providers would be the dominant end-use segment, system integrators are expected to grow at the fastest rate i.e. at a CAGR of 8.1% from 2014 to 2020.
Regional classification comprises of Canada, U.S., and Mexico. U.S. accounted for more than half of the total market revenues. It will retain its market share in the coming years. Mexico and Canada offer wide growth opportunities as a result of increasing investments in telecom, broadband and broadcasting sectors.
The market is highly competitive with several multinational and domestic vendors vying for larger shares in customer base and revenues. Leading participants include Belden Inc., LS Cable & System, TE Connectivity Ltd., Amphenol Corporation, General Cable Corporation, and Coleman Cable Inc.
Information Source: Grand View Research
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