According to a report by ResearchAndMarkets, the global radio frequency (RF) cable market is set to grow at a CAGR of 8.65% during the period 2018-2022.
The Global Radio Frequency (RF) Cable Market 2018-2022 report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the use of RF signals through coaxial cables and other cables.
One of the major drivers for this market is the increasing development of smart cities. Countries across the globe are focusing on the development of smart cities to manage assets and resources efficiently. Furthermore, the government is working in collaboration with market participants including information technology solution providers, and utility companies.
The latest trend gaining momentum in the market is the growing investment in optical fibers. The key reason for the increasing investment in optical fiber cables is their ability to enable the transmission of data over long distances with low latency.
Further, the report states that one of the major factors hindering the growth of this market is the increased preference for online streaming. Increased preference for OTT music platforms for online streaming services like Netflix and Hulu are expected to create a hindrance to the market's growth.
Key Market Trends include Growing investment in optical fiber, Expansion of 5G technologies through ROF cable, Government regulations about cable TV infrastructure.
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