Increase in global defense spending together with expansion of infrastructure and construction growth is expected to grow the market
Market Size – USD 3.73 billion in 2018, Market Growth - CAGR of 6.3%, Market Trends – Increase in investments in Construction Industry
NEW YORK, March 19, 2019 (GLOBE NEWSWIRE) -- The Micro-Coaxial Cable market is projected to grow at a rate of 6.3% by 2026, to reach USD 6.11 billion in 2026 from USD 3.73 billion in 2018, according to a new report by Reports and Data. The aerospace and defense industry is a major user of coaxial and micro-coaxial cables. These are used to provide interconnection between essential electronic components in aircraft. Since aircraft have several radio communication equipment, isolation of the radio signals is critical for the smooth functioning of this equipment, which makes coaxial cables play a major role in electronic communication. The rising economic activity and rapid urbanization is expected to drive the growth in new infrastructure and construction. To assist the growing demand from various demographics segments, services like telecom and Internet access are necessary. Expansion in these sectors will directly affect the demand for coaxial cables. Latin America is comparatively a smaller market for micro-coaxial cables. The end-user industries in the region the comparatively at a nascent stage and still with holds a lot of potential for improvement.
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Further key findings from the report suggest
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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2026. For the purpose of this study, Reports and Data have segmented the Micro-Coaxial Cable market on the Type, Applications, End use and Region:
By Type Outlook (Revenue, USD Million; 2018-2026)
By Applications Outlook (Revenue, USD Million; 2018-2026)
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By End use Outlook (Revenue, USD Million; 2018-2026)
Regional Outlook (Revenue, USD Million; 2018-2026)
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