Radio Frequency Cable Market to Reach $17.59 Bn by 2027; Surging Demand for Fiber Optic Cables to Push Growth

The global radio frequency cable market size is expected to reach USD 17.59 billion by 2027. The emphasis on enhanced security in CCTV cameras, identity management systems, audio/video distribution will contribute positively to the market growth, mentioned in a report, titled “Radio Frequency Cables Market Size, Share & COVID-19 Impact Analysis, By Type (Fiber Optic Cables, LAN Cables, and Others) By End-User (Aerospace & Defense, Construction {Commercial and Residential}, IT & Telecommunication, Power Transmission and Distribution, Oil & Gas, Consumer Electronics {High Tech Products, Small Appliances, Household Appliances, White Goods, HVAC, and Others}, Manufacturing {Industrial Machinery and Others}, Automotive {Passenger Vehicles and Utility Vehicles}, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 7.53 billion in 2019 and is expected to exhibit a CAGR of 11.5% between 2020 to 2027.

Introduction of GORE’s Fiber Optic 1.8 MM Simplex Cables to Aid Development

W. L. Gore & Associates, Inc, an American multinational manufacturing company specializing in products derived from fluoropolymers announced the launch of GORE® Aerospace Fiber Optic Cables, 1.8 mm Simplex. The company claims the new Fiber Optic Cables can perform at the highest levels in the most challenging civil aviation environments. These cables can transfer critical data on high-speed avionics networks up to 100 Gbps and beyond, whilst offering noteworthy weight and cost savings over traditional copper cable and ruggedized fiber optic cables. Moreover, the advancements in modern digital networks and passenger demand for faster access to in-flight entertainment (IFE) will spur demand for higher data rates, which, in turn, will enable the healthy growth of the market.  Also, GORE Aerospace Fiber Optic Cables can endure challenging environments and also deliver excellent signal integrity for high-speed data transmission in all types of temperatures.

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Construction of New Data Centers and IT Offices to Bolster Growth

The substile investment in new data center infrastructures in emerging economies will contribute significantly to the growth of the market. The setup of new information & technology (IT) hubs and data centers requires an extensive network of various cables such as coaxial cables, optical fiber cables, Ethernet cables, and many more, hence boosting the global market growth. For instance, Microsoft Corp. announced to join forces with the Spanish telecommunications company called Telefónica to open a new data center in Spain. The company will target public and private businesses to boost digital transformation and enhance their global reach through its data center.

Expansion Strategies of Sterlite Technologies to Intensify Competition

The companies operating in the market are focused on introducing advanced communication cables with less operational risks, longer operating lives, and better transmission characteristics. Sterlite Technologies, an India based digital network integrating company, is planning to expand its market reach by adopting strategies and improving its production capacity. For instance, in November 2020, Sterlite Technologies announced to sign an agreement worth EUR 29 million to acquire Optotec S.p.A. The company intends to encompass Optotec’s products & solutions such as fiber-to-the-home (FTTH), optical interconnect products for telecommunication, and cloud networks in Europe.

The Report Lists the Key Players in the Radio Frequency Cable Market:

• OFS (U.S.)
• Anritsu (Japan)
• Radiall (France)
• Huzhou Shumai Cable Co., Ltd. (China)
• Rosenberger Hochfrequenztechnik GmbH & Co. KG (Germany)
• GTK UK Ltd (UK)
• OTSCABLE (China)
• Legrand (France)
• ConductRF (U.S.)
• W. L. Gore & Associates (U.S.)
• Relemac Technologies Pvt. Ltd. (India)
• Primus Cable (U.S.)
• Tratos (UK)
• TE Connectivity (Switzerland)
• Amphenol (U.S.)

Further Report Findings:

• Regional Analysis: Asia Pacific is expected to experience a rapid growth rate owing to the favorable government initiatives in developing nations such as China, India, and Japan. The growing construction activities will stimulate the growth of the market in the region.
• Leading Segment: Fiber optic cables are expected to hold the largest share during the forecast period owing to its effective installations, smaller sizes, longer lifespans, high-speed data transmission, and others.

The Market of Radio Frequency Cable is Segmented into: