Spurred by HD video, coaxial cable market set to grow in North America
Parent Category: News | 10-08-2013
The North America coaxial cable market is expected to reach a value of $3.1 billion by 2018, at a CAGR of 7.2% from 2012 to 2018.
This growth is primarily attributed to the rising need for accessing HD video and broadband via connected devices in multiple rooms, according to Transparency Market Research.
The US represented the largest market for coaxial cable, with a market share of 59.2% in 2012. However, Mexico and Canada are expected to see significant growth because of rising investments in telecom, broadband and broadcasting sectors for improving communication infrastructure.
In terms of applications, the video distribution segment is expected to remain the fastest growing segment for the North America. That segment is expected to grow at a CAGR of 7.5% through 2018. The growth of this segment is primarily attributed to growing popularity of using video-on-demand (VOD), IPTV and over-the-top (OTT) services to access high definition videos over connected devices, the firm said.
Coaxial cables are widely used in data communication and in manufacturing communication equipment and devices. End users for coaxial cables include CATV companies, Internet service providers, telephone service providers, military and aerospace industry, system integrators, construction industry and communication equipment manufacturers for medical, marine, automobile and other industries. Internet service providers are the largest end-user segment of coaxial cables in North America. This segment is expected to maintain its dominating position due to growing number of IPTV and internet service providers, Transparency said.
The North America coaxial cable industry as a whole looks very competitive, the report found, with a large number of multinational and domestic manufacturers. No single player has a stronghold on the market and the top five players accounted for about 55% of the overall market share. Some key manufacturers of coaxial cable in North America include TE Connectivity, General Cable, LS Cable and Systems, Belden, Amphenol and Coleman.