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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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
Segments
covered in the report:
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
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
- Europe
- Asia Pacific
- Latin America
- MEA
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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.
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Key Highlights in the Report:
- Provides a detailed overview of market growth and patterns for the
years 2021-2028, including key market parameters.
- It provides useful information about the global Micro-Coaxial Cable
industry, including market forecasts and sales growth rates.
- Technical advances, regulatory environment, recent innovations, and
existing and emerging trends in the Micro-Coaxial Cable market are all
covered in this report.
- Comprehensive industry analysis, including key statistical data and
market knowledge gleaned from primary and secondary research.
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