North America Coaxial Cable Market Expected to Reach USD 3,482.3 Million by 2020
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 rise in investments in this market. However, high price and threat 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 a 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.
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About Grand View Research:
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
















