There are certain factors that influence the market of coaxial cable such as low cost of installation, advancement in the IT and telecom sector and reliable data transfer. However, the intense market competition and rapid changes in technology act as the restraining factors for the growth of coaxial cable market. Coaxial cable is comparatively an old technology; however, many devices do still depend on it.
Coaxial cable market by application is categorized into Internet data transfer, video distribution and radio frequency transfer. Data is transferred at high speed over internet using coaxial cables. This data transferred over internet includes applications, videos, audio, documents, etc.
Many high speed fiber internet connections are also using coaxial technology. These coaxial cables are also widely used in television cable industry and do have wide application in radio frequency transfer. The absence of interference in coaxial cable is what makes it one of the most reliable choices for transmitting radio signals.
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Based on end users, coaxial cable market is segmented into cable television industry, military and aerospace, internet service providers, telephone network operators and communication equipment manufacturers for automobile, marine and other industries. Based on its wide range of applications, coaxial cable has a strong market presence.
Geography market for coaxial cable is segmented into North America, South America, Europe, Asia Pacific and ROW. North American market is expected to show a promising CAGR from 2017 to 2023. The reason for this growth is primarily the need for high speed internet as well as sharing and downloading of high definition videos. The above reasons raise the requirement for reliable and fast connectivity, which is provided by coaxial cables.
The coaxial cable industry is very competitive due to the presence of large number of manufactures in the market. Some of the key players are Belden Inc, Allied Wire & Cable, General Cable Corporation, etc.
These key market players are chiefly concentrating on development of technology, launching products with new variations, and mergers and acquisition to fight competition. Belden Inc. directly sells its products to television networks including ABC, CBS, FOX and NBC. The company also provides special cables for security applications such as video surveillance systems, motion detection, airport baggage screening, etc.
The analysis gives an overview about global coaxial cable market and its key concerns. The global market analysis using Porter’s five force model and SWOT analysis helps in giving a better understanding about various opportunities, threats and substitutes. There are many companies manufacturing coaxial cables, hence there is high intensity of rivalry among these companies. Due to the rapid technological changes, there is a threat of substitutes in market for coaxial cables.
KEY BENEFITS
- This report gives an insight on the coaxial cable technology and its end users.
- Detail analysis of drivers and constraints of coaxial cable market have been discussed.
- Porter’s five force and SWOT analysis would facilitate decision makers in making strategic decisions by providing them insight on current market conditions and important factors.
- Analysis of key market players and their strategies are been discussed in the report in order to help understand the competition in a better way.
- Market segmentation is been conducted based on application, end users and geographic locations, which would assist companies in deciding on the segments of importance.
- Analysis of current market scenario as well as the future estimations through 2017-2023 would assist the decision makers to understand the future prospects of the market.
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