The global radio frequency cables market size is expected to reach USD 17.59 billion by 2027, exhibiting a CAGR of 11.5% during the forecast period. The growing installation of radio frequency cables across commercial radios, televisions, and broadcasting stations will drive the global market during the forecast period, states Fortune Business Insights, 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.
The report on the radio frequency cables market reveals:
- Renowned insights into the industry
- Important data with in-depth research
- Factors exhibiting market growth
- Comprehensive study about main regions
- COVID-19 impact on the market
- Prime developments in the industry
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Market Driver:
Increasing Digitalization to Support Business Expansion
The increasing adoption of innovative measures to improve project management and maximize productivity through digitalization can uplift market potential during the forecast period. The growing introduction of advanced products and services such as sensors, Internet of Things (IoT), and Artificial Intelligence (AI) for uninterrupted operations will subsequently enable speedy expansion of the market. For instance, in March 2020, Swiss Federal Railways (SBB) and Nokia signed an agreement for future Railway Mobile Communication System (FRMCS) standard. SBB will utilize the Nokia LTE 1900MHz TDD (Time Division Duplex) radio frequency for testing the smartrail 4.0 project to reduce costs and increase safety & productivity.
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Radio Frequency Cables Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Radio Frequency Cables Market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Radio Frequency Cables Market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Radio Frequency Cables Market
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The Report Lists the Key Companies in the Radio Frequency Cables 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.)
- L. Gore & Associates (U.S.)
- Relemac Technologies Pvt. Ltd. (India)
- Primus Cable (U.S.)
- Tratos (UK)
- TE Connectivity (Switzerland)
- Amphenol (U.S.)
