North America Premise Cable Market by Type & Application Opportunity Analysis & Industry Forecast For 2014-2022


Posted October 10, 2018 by sandeeps88

North America Premise Cable Market Report, published by Allied Market Research, states that North American premise cable market accounted for $1,173 million in 2015

 
North America Premise Cable Market Report, published by Allied Market Research, states that North American premise cable market accounted for $1,173 million in 2015, and is estimated to reach $2,004 million by 2022, growing at a CAGR of 7.9% from 2016 to 2022. The U.S. dominated the North American premise cable market in 2015, accounting for a share of over 73%.
Premise cables are manufactured to meet the current Electronic Industry Association (EIA)/Telecommunications Industry Association (TIA) standards. Other standards for premise cables are given by American National Standards Institute (ANSI) and International Standard Organization (ISO). These standards are followed to deliver maximum product performance levels and proper design layout.

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The ease of installation provided by the premise cable, the growth in the demand for data, and the improved cable technology are some of the factors fueling the demand for premise cables in North America. However, due to emerging concept of establishing wireless networks under the influence of Internet of Things (IoT) is substantially impacting the growth of wired network industry, thereby restarting the growth of premise cable market. The escalating demand of high speed connectivity devices and systems across applications, such as enterprise and IT, the premise cables are expected to provide lucrative opportunities to the market.
Based on cable type, the copper cables segment held the largest market share of 62% in 2015, and is anticipated to grow at a CAGR of 6.5% during the forecast period. The fiber-optic cable segment is projected to attain a value of $873 million by 2022, owing to rapidly gaining popularity of fiber-optic cables and demand for high-speed data transfer over long distances. Hence, it is expected to exhibit significant growth during the forecast period and attain a value of $873 million by 2022.

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The industrial application accounted for the highest share of revenue in 2015, as it comprises all the small-and large industries that use Ethernet cables for connecting machineries and other automation purposes. The others segment, covered under the scope of the report presents itself as the lucrative market with highest CAGR from 2016 to 2022, owing to the emergence of real-time health monitoring and the need for establishing a robust transmission network in the institutional sector.
The North America premise cable market is analyzed based on its country level distribution across the U.S., Canada, and Mexico. The U.S. is the dominant region and is estimated to be the highest in terms of revenue till the end of the forecast period, with a high involvement in the oil & gas industry, Canada is the second highest revenue generating region followed by Mexico.

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Issued By Allied Market Research
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Business Address Deep Joshi 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Country United States
Categories Electronics , Semiconductors , Technology
Last Updated October 10, 2018