NA Coax Market to Reach $3.1 Billion in 2018

According to Transparency Market Research, the North American coaxial cable market is expected to reach a value of $3.1 billion by 2018, at a CAGR of 7.2% from 2012 to 2018. The growth is primarily attributed to the rising need for accessing high-speed Internet and HD video over home connected devices in multiple rooms.The United States represented the largest market for coaxial cables with a market share of 59.2% in 2012. Mexico and Canada are expected to see significant growth for coaxial cables because of rising investments in telecom, broadband and broadcasting sectors for improving communication infrastructure.