Premise cables are manufactured to meet the current Electronic Industry Association (EIA)/Telecommunications Industry Association (TIA) standards. Other standards for premise cables are given by American National Standards Institute (ANSI) and International Standard Organization (ISO).
Premise Cable Market Report, published by Allied Market Research, states that North American premise cable market accounted for $83,714 thousand in 2015, and is estimated to reach $248 million by 2022, growing at a CAGR of 16.9% from 2016 to 2022. The U.S. dominated the North American premise cable market in 2015, accounting for a share of over 73%.
These standards are followed to deliver maximum product performance levels and proper design layout.
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The ease of installation provided by the premise cable, the growth in the demand for data, and the improved cable technology are some of the factors fueling the demand for premise cables in North America. However, due to emerging concept of establishing wireless networks under the influence of Internet of Things (IoT) is substantially impacting the growth of wired network industry, thereby restarting the growth of premise cable market.
Based on cable type, the copper cables segment held the largest market share of 62% in 2015, and is anticipated to grow at a CAGR of 15.5% during the forecast period. The fiber-optic cable segment is projected to attain a value of $107,488 thousand by 2022, owing to rapidly gaining popularity of fiber-optic cables and demand for high-speed data transfer over long distances.
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The industrial application accounted for the highest share of revenue in 2015, as it comprises all the small-and large industries that use Ethernet cables for connecting machineries and other automation purposes. The others segment, covered under the scope of the report presents itself as the lucrative market with highest CAGR from 2016 to 2022, owing to the emergence of real-time health monitoring and the need for establishing a robust transmission network in the institutional sector.
The North America premise cable market is analyzed based on its country level distribution across the U.S., Canada, and Mexico. The U.S. is the dominant region and is estimated to be the highest in terms of revenue till the end of the forecast period, with a high involvement in the oil & gas industry, Canada is the second highest revenue generating region followed by Mexico.
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