Hybrid Fiber Coaxial Market expected to be worth $5.69 billion by 2023

(IT-NEWSWIRE.COM, September 06, 2018 ) The hybrid fiber coaxial (HFC) market is expected to grow from USD 4.90 billion in 2018 to USD 5.69 billion by 2023, at a CAGR of 3.0% during 2018–2023. Major factors driving the growth of the hybrid fiber coaxial market include high bandwidth and cost efficiency. In line with this, the use of hybrid fiber coaxial has gained remarkable consideration for data transfer in cloud computing application.

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Increasing demand for video-focused data is expected to be a game changer for the hybrid fiber coaxial market over the coming years. Cisco Systems, Inc. (The US), Ciena Corp. (The US), and Teleste Corp. (Finland) have launched a range of the latest DOCSIS-enabled hybrid fiber coaxials for various end-use applications. Further, upgrade to DOCSIS 3.1 HFC is expected to help increase the adoption of HFC in North America in the coming years.

HFC system is used for video servicing, telephony, voice telephony, data, and other interactive services over coaxial and fiber optic cables. Because of its cost efficiency, most telecommunication and cable companies consider HFC technology to deliver a variety of products to consumers, such as internet access, interactive TV, and video on demand.

Demand for high bandwidth is driving the need for HFC network as it eliminates the limitations of complete copper cable architectures, such as latency and data transfer at higher bandwidth. The hybrid fiber coaxial market for digital TV application is expected to grow at the highest CAGR during the forecast period. The market for fiber optic cable is expected to grow at a high rate during the forecast period. Fiber optic cable is one of the primary sources of high-bandwidth long-distance communication.

The hybrid 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.

The number of mobile subscribers is increasing owing to various services such as mobile TV, video on demand, and others. As the number of subscribers is increasing, the existing copper cable network is getting over loaded, and it affects network performance with respect to speed, efficiency, and reliability. HFC architecture can overcome these shortcomings of the copper cable. HFC players can help telecom companies through offering HFC-based network infrastructure and further increase their market presence globally.

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Hybrid Fiber Coaxial Market expected to be worth $5.69 billion by 2023