From 2018 to 2022, the compound annual growth rate of global signal transmission cables is nearly 6%

According to Technavio's latest market research report, the global signal transmission cable market is expected to grow at a CAGR of nearly 6%
from 2018 to 2022.
It is estimated that by 2022, the global signal transmission cable market demand will increase by a cumulative amount of 5.
89 billion US dollars
.

According to the report, the growing demand for consumer and industrial electronics is a key factor
driving the growth of this market as the income levels of consumers in developing countries rise.
The popularity of high-end smartphones, IoT-based devices, virtual reality and augmented reality applications will increase the demand
for signal transmission cables from OEMs and end users.

The report highlights that the integration of digital services is one of the
major emerging trends in the global signal transmission cable market.

While the number of cable broadband subscribers has increased, the number of TV subscribers in the cable industry has declined
significantly.
Currently, consumers prefer streaming, satellite TV and IPTV-based services
.
Such as Netflix, Hulu, and Amazon Prime Video, among others
.
These services are also known as subscription video-on-demand (SVoD).

Technavio's senior analyst said, "The advantages of SVoD and the limitations of CA TV have led to the steady takeover of the cable-based channel market
.
This has led to the consolidation of the TV and video industries in favor of internet-based channels
.
SVoD Services is also adding original and exclusive content to its portfolio to increase its customer base
.
”

In terms of market region, Asia Pacific accounted for the highest market share of global signal transmission cables in 2017, accounting for about 42% of the global market, followed by the Americas and Europe, the Middle East and Africa
.
The market share of these three regions is expected to remain stable with slight changes
during the forecast period.