Rise in requirement of telephone services in remote locations is expected to a major driver for the micro-coaxial cable market over the forecast period. The market for telephone services has been at rise in the past and a similar pattern is expected over the forecast period too. Telephone landline connectivity is largely dependent on micro-coaxial cables globally. Telephone service providers segment was valued USD 691 Million in 2018 and is expected to reach USD 1,071 Million by 2026.Owing to the large investments in improving the military communication infrastructure in countries including China, the U.S., France, India, Germany, the U.K., and Egypt the demand from micro-coaxial cables is expected to rise at a good pace over the forecast period. Mostly countries have distinctive requirements as per which the manufacturers provide military grade micro-coaxial cables. Military and aerospace industries are among the largest users of micro-coaxial cables around the world. Military & aerospace segment is expected to grow significantly at the rate of 7.3% during the forecasted period.
Military and aerospace sector is expected to share the largest market share over the forecast period owing to the investments towards development of robust communication network infrastructure
Increase in global defense spending together with expansion of infrastructure and construction growth is expected to grow the market