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}, Manufacturing, Automotive), and Regional Forecast, 2020-2032

The global radio frequency cables market size stood at USD 7.53 billion in 2019 and is expected to attain USD 34.12 billion by 2032, exhibiting a CAGR of 12.63% during the forecast period.

Wires and cables are the foundation components that are indispensable within all the systems to effectively transfer and receive signals from components to maintain optimal efficiency. Radio Frequency (RF) cables are widely used across different industries to transmit high-frequency signals from different points. It is significantly installed across domestic and commercial radios, televisions, broadcasting stations, satellite devices, testing equipment, and many other tools.

Halt of IT Construction Services to Obstruct Market Development amid COVID-19 Pandemic

The spread of COVID-19 disease has adversely impacted the functions across various industries in several regions. Many countries have implemented severe measures such as complete lockdowns and social distancing norms to mitigate the virus outbreak among the working personnel. Consequently, the global market demand for radio frequency cables has been significantly impacted due to the inconsistent operations and expansion initiatives across heavy-duty sectors.

However, national governments' economic relief packages to reinstate the industrial divisions and recover various sized companies from incurred losses are likely to stabilize the industry during the forecast period. For instance, in November 2020, Canada's government announced to invest about CAD 1.75 billion to enable high speed data connection for all the citizens and propelling businesses. The country aims to join around 98% of the Canadians with fast internet by 2026, whereas all the residents by 2030 through the program.

LATEST TRENDS

Increasing Investments in Research & Development by Industry Players is a Vital Trend

Numerous industry players have increased their efforts to augment their potential to develop new products and reach more industry verticals to foster the global marketplace. The organizations also focus on launching comprehensive automation products and solutions to enable end-users with highly efficient project management. For instance, in September 2018, Sterlite Technologies Limited announced to spend around USD 44 million to add its optical fiber cabling capacity with 15 million fiber km, expanding the total output potential to 33 million fiber km and was expected to come on-line by the mid of 2020.

Growing Integration of Advanced Security Systems to Favor the Industry

Various innovative infrastructures emphasize enhancing their security by using technological systems such as CCTV cameras, identity management systems, audio/video distribution, multi-location network management, and many more, leading to a boost in global radio frequency (RF) cable market size. Such devices are equipped with pioneering communication systems requiring an efficient network of cables and other related components to support data transfer faster. For example, in August 2019, the Italian government announced to invest around EUR 80 million to integrate new CCTV cameras across nurseries and schools. The funding is set to be implemented in a phased manner with EUR 5 million delivered in the current year and EUR 15 million per annum till 2024 to support teachers and children's safety.

DRIVING FACTORS

Increasing Construction of New Data Centers and IT Offices to Boost Growth

Different technology giants focus on investing substantially in new data center infrastructures, especially across the emerging economies, to boost their global reach. 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, thereby propelling the global radio frequency cable market growth. For instance, Microsoft Corp. announced to join forces with the Spanish telecommunications company called Telefónica to open a new datacenter region in Spain. The companies target to serve public and private businesses to boost digital transformation and enhance their global strategic collaboration to serve Telefónica’s customers in numerous countries.

Inclination towards Digitalization to Play a Pivotal Role in Shaping the Market

Various industry players profiled are striving to adopt innovative measures to maximize efficiency and enhanced project management with digitized tools unlocking new potential for the global radio frequency cables industry. The companies are also increasing their efforts to introduce advanced products and services such as sensors, the Internet of Things (IoT), and Artificial Intelligence (AI) to continue operations without any interruptions. For instance, in March 2020, Swiss Federal Railways (SBB) and Nokia have finished the joint testing for Future Railway Mobile Communication System (FRMCS) standard. SBB will utilize the Nokia LTE 1900MHz TDD (Time Division Duplex) radio frequency for testing in the smartrail 4.0 project to reduce costs and increase safety & productivity.

RESTRAINING FACTORS

Installation Cost and Operational Risks to Hinder Growth

Few radiofrequency cables are generally bulky in size and need substantial space for installation in confined places that may obstruct the market pace for radio frequency cables. Additionally, these products are also relatively expensive to integrate over longer distances due to their thick and stiff design, posing a considerable risk to their potential demand.

SEGMENTATION

By Cable Type Analysis

Fiber Optical Cables Segment to Lead During the Forecast Period

The global radio frequency cables market is categorized into three market segments based on cable type: fiber optic cables, LAN cables, and others. Fiber optic cables are projected to hold the dominating radio frequency cable market share over the forecast timeframe owing to cost-effective installations, smaller sizes, longer lifespans, high-speed data transmission, and many other parameters. Secure operations, improved speed, reliable connections, and low power consumptions are some of the key factors promoting the expansion of the LAN cables division at a significant pace.

By End-User Analysis

Consumer Electronics Segment is Projected to Show Considerable Growth

Based on end-users, this industry can be primarily divided into manufacturing, IT & telecommunication, construction, power transmission and distribution, automotive, consumer electronics, aerospace & defense, oil & gas, and others with further partitions into subcategories. Continuous development of high-tech goods and new HVAC equipment with extra features is set to help the consumer electronics segment in achieving significant pace in the global radio frequency cable industry.

Integration of high-performance radio frequency (RF) systems with flexible and durable operations and better handling of complex signals in military applications such as Electronic Warfare (EW) is set to complement the aerospace & defense segment outlook. Additionally, power transmission & distribution networks have observed significant digitization initiatives to support efficient operations to maintain the segment landscape's supply.

REGIONAL INSIGHTS

The market has been analyzed across five key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, with further calculations at the country level for every segment. The Asia Pacific is projected to account for the global industry's major portion due to the increasing investments in new infrastructures, growing construction activities, favorable government initiatives, advancing manufacturing facilities, and many other parameters. For instance, in August 2020, India's prime minister inaugurated a new submarine optical fiber cable (OFC) to link the Andaman and Nicobar Islands with the mainland territory. The administration targets to provide high-speed internet data transfer to the residents and propel the local economy.

Furthermore, growing interest by different administrations to provide high-speed internet service to all the citizens, new oil & gas development potential, stringent laws for radiofrequency systems are some of the key factors propelling the North America RF cables market. For example, the United States Federal Communications Commission (FCC) has implemented several policies on radio frequency devices' operation and its impacts on the human environment. The division has also enforced several rules and utilizes special software to detect RF density near broadcasting towers to monitor the installations.

Continuous investments by various global companies to expand data center networks across countries like the United Kingdom, Spain, Russia, and Germany are set to boost the European industry landscape. Besides, the region has observed significant expansion in the development of residential and commercial establishments and a favorable policy framework for the digitalization of buildings. For instance, in June 2018, the European Parliament enforced a new directive called European Electronic Communications Code (EECC). It directed the member countries to modernize their national laws as per EECC standards. The framework aimed to improve broadband coverage, propel economic digitalization, promote civil infrastructure cost-sharing to diminish network deployment prices, and many more.

KEY INDUSTRY PLAYERS

Sterlite Technologies to Focus on Organic and Inorganic Strategies for Reinforcing Market Presence

Various small and large cable manufacturers are actively operating at national, regional, and global stages with extensive product offerings across the global market of radio frequency cable. The companies are also striving to fabricate advanced communication cables with less operational risks, longer operating lives, and better transmission characteristics. Sterlite Technologies, an India based digital network integrating company, is significantly expanding its horizons by increasing production capacities and performing merger & acquisition activities.

For instance, in November 2020, Sterlite Technologies announced to sign an agreement worth EUR 29 million to acquire Optotec S.p.A. The company is focused on encompassing Optotec’s products & solutions such as fiber-to-the-home (FTTH), optical interconnect products for telecommunication, and cloud networks in Europe to fortify STL’s portfolio for India and the Middle East along with European regions.

LIST OF KEY COMPANIES PROFILED:

• 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.)

KEY INDUSTRY DEVELOPMENTS:

• July 2020 – TE Connectivity introduced a new line of signal cables with a halogen-free design specially fabricated for a range of railway applications. The latest addition offers various features such as lighter weight, low power consumption, compact design, and cost-effective installations.


• January 2020 – Radiall America declared to completely acquire a U.S. based fiber optic interconnection company, namely Timbercon, Inc. The purchase is aimed at enhancing Radiall’s end-to-end solution offerings with optical interconnections for rough environments.

REPORT COVERAGE

The radio frequency cable market research report offers an in-depth market analysis. It further provides details on the adoption of RF cables across several regions and countries. Information on trends, drivers, opportunities, threats, and restraints of the market can further help stakeholders gain valuable insights into the market. The report offers a detailed competitive landscape by presenting information on key players and their strategies in the market.

Report Scope & Segmentation