Transparency Market Research has announced the addition of the "North America Coaxial Cable Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018" report to their offering.
Albany, NY -- (SBWIRE) -- 10/22/2014 -- Transparency Market Research published a new market research report titled as, “Coaxial Cable Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018.” According to this report, North America’s coaxial cable market is expected to reach a value of USD 3.1 billion by 2018, at a CAGR of 7.2% from 2012 to 2018. The growth in this market is primarily attributed to the daily need for accessing high speed internet and high definition videos over connected devices in different commercial spaces, homes, or offices in multiple rooms. In 2012, the U.S was reported to be the largest market for coaxial cables with a market share of 59.2%. Following to the U.S., particularly, the North American region, Canada and Mexico are the future upcoming regions that are expected to witness significant growth for coaxial cables due to the rising investments in broadband, telecom, and broadcasting sectors for improving communication infrastructure.
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Coaxial cables are used for transferring radio frequency (RF), video and internet data over distribution networks. They are widely used in manufacturing of communication devices and equipment and in data communication segments. There are a variety of end-users for coaxial cables and these include internet service providers, CATV companies, military and aerospace industry, telephone service providers, construction industry, system integrators, and communication equipment manufacturers for medical, marine, automobile and other industries.
By geography, the North America coaxial cable industry is extremely competitive in terms of revenue and products. There is no single player that has a stronghold on coaxial cable market, but instead the market has a large number of multinational and domestic manufacturers cohesively working on different levels. The top five players accounted for about 55% of the overall market share. Even the internet service providers are the largest end-user segment of coaxial cables in this region. Due to growing number of IPTV and internet service providers through the estimated period, the overall segment is expected to maintain its dominating position in the entire region.
In terms of coaxial cable applications, the video distribution segment is expected to remain the fastest growing segment for the coaxial cables market in North America. This market is expected to grow at a CAGR of 7.5% through the estimated period of 2012 - 2018. The growth of the video distribution segment is mainly attributed to growing popularity of Video-on-Demand (VoD), Internet Protocol and Over-the-Top (OTT) Transparency Market Research services that enables an access to high definition videos over home interconnected devices.
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Discussing the geographic reaches of the coaxial cable market, the U.S. and Canada are relatively mature markets as compared to Mexico. At present, the U.S. market dominates the North America coaxial cable market with about 90% of households already having installed coaxial cable networks for their basic day-to-day communications. Consumers in this region have set-up cables so that they can access multimedia content over multiple devices such as BlueRays, gaming consoles, HDTVs, laptops, and more in multiple rooms at a comfortable speed. Most of the providers, say on an average of eight out of top ten IPTV service providers are using MoCA technology to offer their schemes and services over coaxial cables.
On the other hand, Mexico is also anticipated to be the fastest growing market for coaxial cables across the globe. Due to rising investments from the government in the broadband and telecommunication sectors, the country’s economic development is commendable.
Some notable key manufacturers of coaxial cable in North America include Belden, TE Connectivity, LS Cable and Systems, General Cable, Amphenol, and Coleman.
This report provides in-depth analysis of coaxial cable industry in North America with market size, share, growth factors, and geography for the forecast period; 2012–2018. The extensive study also covers current technology trends inhibiting and influencing the market growth, as well as highlights specifications and standards in the market pertaining to the use of coaxial cables and related equipment.
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