Albany, NY, Nov. 10, 2014 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR), U.S.-based market intelligence company has recently published an insightful report titled, "Coaxial Cable Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018". The thoroughly researched report indicates the North American coaxial cable market is expected to reach USD 3.1 billion by 2018, growing at a CAGR of 7.2% from 2012 to 2018. In addition to financial aspects of this market, the report aims at providing readers an overview of lucrative markets, regulatory policies, strengths, and weaknesses governing this market in the coming years.
Browse full "North America Coaxial Cable Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018" report at http://www.transparencymarketresearch.com/coaxial-cable-market.html
The main purpose of coaxial cables is to transmit audio and video data through the distribution networks assigned by telephone service providers, cable television (CATV) providers and such other communication services. Rise in the usage of Multimedia over Coaxial Alliance (MoCA) technology is expected to drive the market for coaxial cable in North America. This technology is essentially used to share high definition video to home connected devices at a fast pace with good Internet speed. Additionally, growing investments in the IT and communication sector and reducing costs of installation has also led to growth of coaxial cable market. This in turn has reflected in the expansion of broadband and broadcasting industry in North America.
In terms of application, the radio frequency transfer held the biggest market share in North American coaxial cable market in 2012. However, between the years 2012 to 2018 video distribution segment is expected to be the highest revenue generating application. The demand for this segment will be fueled by growing popularity of Video on Demand (VoD), Over the Top (OTT) and Internet Protocol Television (IPTV) services.
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The application of coaxial cables is also seen in areas of business, residential Ethernet networks for using internet, system integrators, CATV companies, military and aerospace industry, telephone service providers, construction industry, telephone service providers, marine industry, medical industry, automotive industry, and other OEMs. As the number of internet users and IPTV subscribers continue to rise, the demand for coaxial cables from system integrators is likely to witness the highest growth rate in the forecasted period. A surge in demand for coaxial cables in North America will also be due to rising need for security and surveillance equipment, as the government is trying to find ways to make private and public life secure in the region.
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Amidst these market drivers, the coaxial cable market faces certain restraints such as alternatives to wireless technology and fiber optics. The coaxial cable market in North America needs to focus on its core strength of efficient data transmission over long distances, which will continue to remain its niche market in years to come.
Browse Coaxial Cable Market (North American) report Press Release at http://www.transparencymarketresearch.com/pressrelease/coaxial-cable-market.htm
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Source:Transparency Market Research