TMCnet News
Worldwide Hybrid Fiber Coaxial Markets to 2023: CAGR is Projected to Grow at 3% - Effective Monitoring of the HFC Network to Avoid Network Loss is a Key RestraintDUBLIN, Sept. 14, 2018 /PRNewswire/ -- The "Hybrid Fiber Coaxial Market by Component (Transceiver, Amplifier, Encoder, Modulator, RF Combiner, Splitter, Optical Node, Fiber Optic Cable, and Coaxial/Copper Cable), Application (Digital TV, Broadband), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The hybrid fiber coaxial market is expected to reach USD 5.69 billion by 2023 from USD 4.9 billion in 2018, at a CAGR of 3% between 2018 and 2023. Major factors driving the growth of the hybrid fiber coaxial market include high bandwidth, and cost efficiency compared to other technologies. In line with this, the use of hybrid fiber coaxial has gained remarkable consideration for data transfer in cloud computing application. The effective monitoring of the HFC network to proactively detect and fix network problems to avoid network loss is one of the key restraints of the HFC network. The maintenance and troubleshooting of these networks require specialized equipment and trained personnel, which incur extra cost. As all problems cannot be proactively handled (e.g., cable cuts and component breakdowns), which further hamper the network performance. At the time of testing, the network gets disconnected and leads to customer dissatisfaction, which hinders the growth of the HFC market. Transceiver is expected to hold the largest share of the hybrid fiber coaxial market throughout the forecast period. Transceivers are used for short- and long-haul data communication and interconnect applications. A transceiver comprises control chips and modules and works on the principle of conversion of signals from electrical to optical. This results in improved speed and transmission distance without compromising on the compatibility with standard electrical interfaces. The hybrid fiber coaxial market for digital TV application is expected to grow at the highest CAGR during the forecast period. Digital television is the transmission of television signals, including sound through digital encoding. Digital TV makes economical use of scarce radio spectrum space, transmits multiple channels in the same bandwidth occupied by a single channel of analog television, and provides many new features. Thus, HFC would help increase the adoption of digital TV services during the forecast period. North America accounted for the largest share of the overall hybrid fiber coaxial market in 2018, with the US being one of the major contributors in terms of market size. Thehybrid fiber coaxial market in Asia Pacific (APAC) is expected to register the highest CAGR during the forecast period. This growth is attributed to the high economic growth witnessed by major developing economies in APAC. The growing penetration of consumer electronics and increasing income level of households are expected to contribute the adoption of hybrid fiber coaxials in the coming years. China, Rest of the Asia Pacific, and India are expected to account for majority of the market share during the forecast period. Major players have adopted various strategies such as product developments, acquisitions, partnerships, expansions, and contracts to grow in the hybrid fiber coaxial market. Key Topics Covered 1 Introduction For more information about this reportvisit https://www.researchandmarkets.com/research/3dgfn5/worldwide_hybrid?w=5 Media Contact: Research and Markets SOURCE Research and Markets |