The global hybrid fiber coaxial market was valued at USD 9.88 billion in 2018 and is expected to reach USD 15.84 billion in 2026, growing at a CAGR of 6.1% during the forecast period.
Hybrid fiber coaxial is designed in order to offer higher connectivity speed with unparalleled download and upload speed. Rapid adoption of smartphones which is coupled with widespread penetration of the Internet is some of the major factors driving the global hybrid fiber coaxial market. On the other hand, the ever increasing demand in high speed internet data is encouraging network providers to expand and upgrade their network infrastructure to offer improved system. Telecom operators are investing substantially in order to develop and implement advanced technologies to cater demand for increased data traffic. Network providers are actively adopting shared open networks technology to expand service deployment efficiency. Asia Pacific region is witnessing huge demand for hybrid fiber coaxial owing to increase in network demand which has resulted into rise in investments from the telecom operators in this region. Development of Data Over Cable Service Interface Specification technology version 3.1 is anticipated to further propel the demand for hybrid fiber coaxial during forecast period.
In the global market, high price of maintenance and difficulty in installation of hybrid fiber coaxial is affecting the growth of hybrid fiber coaxial market.