A key factor driving the growth of the global hybrid fiber coaxial market is the growing expansion of telecommunication networks. Hybrid fiber coaxial (HFC) is extensively being used in wireline communication. HFC technology is gaining importance among telecommunication service providers, mobile device manufacturers, and network equipment manufacturers. In addition, rise in the number of smartphone users and Internet subscribers has led to an increase in demand for high-speed data access. This has also propelled network operators to upgrade their network infrastructure. Telecom operators are progressively adopting technologies to handle the rapid increase in data traffic. Furthermore, the standardization of the 5G telecommunication network ahead of schedule is further expected to boost investments in cell towers and network infrastructure upgrades across the world. All these factors are expected to drive the hybrid fiber coaxial market growth during the forecast period.
As per Technavio, the migration to WDM architecture will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global hybrid fiber coaxial market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global hybrid fiber coaxial market: Migration to WDM architecture
The migration from synchronous optical networking (SONET) technology to dense wavelength division multiplexing (DWDM) is one of the key hybrid fiber coaxial market trends gaining prominence in recent years. Carrier service operators are tapping into the enormous data transmission capacity by carrying multiple wavelengths over single HFC fiber or cable. As a result, carriers have started making significant reductions in cost while deploying single and multiple-channel networks for each offering.
“WDM is gaining importance in areas where the installation space is less. WDM offers several benefits including fault detecting, performance monitoring, and the isolation of the wavelength. Furthermore, WDM equipment vendors are gaining prominence due to the increased deployment of DWDM systems by the carriers,” says a senior research analyst at Technavio.
Global hybrid fiber coaxial market: Segmentation analysis
This market research report segments the global hybrid fiber coaxial market by type (DOCSIS 3.0 and below and DOCSIS 3.1) and geographic regions (APAC, North America, Europe, MEA, and South America).
APAC led the market in 2018, followed by North America, Europe, MEA, and South America respectively. The market growth in APAC can be attributed to the increased use of HFC technology in emerging South Asian countries including India and China. The accelerated development of domestic IT and server infrastructure in China and its neighboring countries is likely to foster market growth during the forecast period.
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Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
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- Market positioning of vendors
- Competitive scenario
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