MarketInsightsReport has published a report titled Global Coaxial Cables Market research report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances, and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The global coaxial cables market was worth $29.82 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 3.47% and reach $34.17 billion by 2023.
The coaxial cables market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the coaxial cables market in 2019. North America region is expected to be the fastest growing region in the coaxial cables market in forecast period.
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The coaxial cables market consists of sales of coaxial cables and related services. Coaxial cables are used for transmitting data and radio frequency over a distribution network, primarily used in the cable television, telephone service providers, military and aviation sectors, and other industries. Coaxial cable is a type of copper cable that has an inner conductor protected by a layer of insulation, that is enclosed by a shield of tabular conduction to reduce the interaction with electrical and radio frequencies, allowing faster and more stable signal delivery.
The coaxial cables market covered in this report is segmented by type into hard-line cable, triaxial cable, twin axial cable and by applications into internet data transfer, video distribution, radio distribution frequency transfer, others.
The growing use of fiber optic cables is expected to limit the growth of the coaxial cables market. A fiber optic cable is a network cable consisting of glass fibers inside an insulated casing, that transmits data over longer distances, providing high bandwidth and high performance networking to homes and businesses with internet, TV and phone service. For instance, in 2018, in India, the fiber optic cables consumption increased with a CAGR of 27% over the past three years. The fiber optic cables provides robust bandwidth internet and is suitable for long distance transmission of data in India such as live streaming coaching classes. These factors are expected to have a negative impact on the coaxial cables market as fiber optic cables offers many advantages over coaxial cables, affecting the market’s growth.
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In June 2018, Prysmian Group, an Italy-based company specialized in manufacturing telecommunications cables and systems, acquired General Cable Corporation for $30.00 per share in cash. The acquisition helped Prysmian Group in enhancing its presence in North America and broadening its footprint in Europe and South America. The deal has also resulted in converting General Cable Corporation to a privately held company. General Cable Corporation is a USA-based cable manufacturing company that specializes in manufacturing wires and cables products such as coaxial cables.
1) By Type: Hard-line Cable; Triaxial Cable; Twin Axial Cable; 2) By Applications: Internet Data Transfer; Video Distribution; Radio Distribution Frequency Transfer; Others
Companies Mentioned: Belden Inc. (NYSE:BDC); General Cable; LS Cable and System; Nexans S.A. (OTC:NXPRF); Prysmian Group
Regions covered By Coaxial Cables Market Report 2021 To 2030 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
Effect of the Coaxial Cables market report is
– A comprehensive evaluation of all opportunities and risks in the market.
– Coaxial Cables market current developments and significant occasions.
– A deep study of business techniques for the development of the market-driving players.
– Conclusive study about the improvement plot of the market for approaching years.
– Top to the bottom approach of market-express drivers, targets, and major littler scale markets.
– Favorable impressions inside imperative mechanical and publicize the latest examples striking the market.
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