Increase in global defense spending together with expansion of infrastructure and construction growth is expected to grow the market
Market Size – USD 3.73 billion in 2018, Market Growth - CAGR of 6.3%, Market Trends – Increase in investments in Construction Industry
NEW YORK, March 19, 2019 (GLOBE NEWSWIRE) -- The Micro-Coaxial Cable market is projected to grow at a rate of 6.3% by 2026, to reach USD 6.11 billion in 2026 from USD 3.73 billion in 2018, 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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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.
- Manufactures profiled in this market are Hitachi, Ltd., Radiall S.A., Caledonian, Carlisle Interconnect Technologies, Winchester Interconnect Corporation, SPINNER GmbH, Nexans, TE Connectivity, W. L. Gore & Associates, Inc., Amphenol Corp., Volex, HUBER+SUHNER, Jiangsu Zhongtian Technology Co., Ltd., Sumitomo Corporation, Belden Inc., Molex, LLC, Trigiant Technology Co., Ltd and General Cable Corporation
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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; 2018-2026)
- Hard-line Cable
- Triaxial Cable
- Twin Axial Cable
By Applications Outlook (Revenue, USD Million; 2018-2026)
- Internet Data Transfer
- Video Distribution
- Radio Distribution Frequency Transfer
- Others
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By End use Outlook (Revenue, USD Million; 2018-2026)
- CATV Companies
- System Integrators
- Military and Aerospace
- Telephone Service Providers
- Construction Industry
- Others
Regional Outlook (Revenue, USD Million; 2018-2026)
-
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Latin America
- Brazil
- MEA
- North America
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