The North American Coaxial Cable Market is expected to reach USD 3,482.3 million by 2020, according to a new study by Grand View Research, Inc. Increased spending on telecom and IT, low installation/setup cost coupled with advancement in technology is expected to be the key market driver over the forecast period. The presence of a large number of internet service providers in this region is expected to spur demand across end-use application markets.
High
demand for coaxial cables, owing to high investment in broadcasting and
broadband sectors so as to enhance communication infrastructure, is also
expected to serve as a driver to the market over the next six years.
Furthermore, attractive FDI policies and low trade barriers across Canada and
Mexico have led to a rise in investments in this market. However, high prices
and threats from substitutes such as fiber optic cables, which are used widely
in LANs, may restrain the industry growth over the next few years. Initiatives
to extend distribution channels so as to serve potential rural markets and
issuing of DOCSIS 3.1 are expected to be an opportunity for industry
participants.
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Further key findings from the study suggest:
- RF transfer
application segment is expected to continue dominating the market, and
accounted for over 60% of the overall market share in 2013. This is mainly
because of its effectiveness in providing maximum channel bandwidth and
low installation cost. Video distribution is expected to grow at the
fastest CAGR of 7.3% from 2014 to 2020. Telecom and IT industry is
expected to remain the key application area owing to increased investments
in these sectors.
- In terms of
end-use, system integrators are expected to grow at the fastest CAGR of
8.2% from 2014 to 2020, owing to the need for enhancing communication
infrastructure.
- The U.S. is
expected to dominate the market over the forecast period, accounting for
over 50% of the market in 2013. Further, it is expected to grow at a CAGR
of 6.6% from 2014 to 2020, owing to the presence of key industry
participants in the region.
- Companies
operating in the market include Amphenol Corporation, Belden Inc, General
Cable Corporation, LS Cable & System, Coleman Cable Inc, TE
Connectivity Ltd, Alpha Wire, L-Com North America Connectivity etc. The
market is consolidated in nature, and characterized by low installation cost
and ease of use. Initiatives to extend distribution channel in rural
markets is expected to remain the key growth strategy over the forecast
period.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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