NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
coaxial cables market size is estimated to grow by USD 2.97 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
4.68% during the forecast period. Adoption of cables
for broadband internet access is driving market
growth, with a trend towards growing investment in the
aerospace sector. However, declining catv subscriber base in
several countries poses a challenge. Key market players
include Alpha Wire Inc., Amphenol Corp., Belden Inc., Coleman Wires and Cables, CommScope Holding Co.
Inc., Habia Cable AB, Hengxin Technology Ltd., HUBER SUHNER AG, Infinite Electronics Inc.,
Infinite Electronics International Inc., Kingsignal Technology Co.
Ltd., Leoni AG, LS Cable and System Ltd., Prysmian Spa, Southwire
Co. LLC, Sumitomo Electric Industries Ltd., TE Connectivity Ltd.,
Trigiant Group Ltd., W. L. Gore and Associates Inc., and Zhuhai
Hansen Technology Co. Ltd..
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Coaxial Cables
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.68%
|
Market growth
2024-2028
|
USD 2975.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.39
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 44%
|
Key
countries
|
China, US, Japan,
Germany, and South Korea
|
Key companies
profiled
|
Alpha Wire Inc.,
Amphenol Corp., Belden Inc., Coleman Wires and Cables, CommScope
Holding Co. Inc., Habia Cable AB, Hengxin Technology Ltd., HUBER
SUHNER AG, Infinite Electronics Inc., Infinite Electronics
International Inc., Kingsignal Technology Co. Ltd., Leoni AG, LS
Cable and System Ltd., Prysmian Spa, Southwire Co. LLC, Sumitomo
Electric Industries Ltd., TE Connectivity Ltd., Trigiant Group
Ltd., W. L. Gore and Associates Inc., and Zhuhai Hansen Technology
Co. Ltd.
|
Market Driver
The aerospace and defense industry relies heavily on coaxial and
micro-coaxial cables for interconnecting essential electronic
components in aircraft. Isolation of radio signals is crucial for
effective communication between aircraft and air traffic control,
making coaxial cables indispensable. With increasing aircraft
production by major manufacturers like Airbus and Boeing due to
delivery delays, the commercial aviation sector's growth is
expected. APAC, Europe, and MEA
are key regions for commercial aircraft demand, which will
necessitate over 33,000 new aircraft by 2025. This trend is
projected to significantly expand the global coaxial cables
market.
The coaxial cable market is experiencing significant growth due
to the increasing demand for high-speed internet and digital
television services. Cabling solutions, such as coaxial cables,
play a crucial role in delivering these services efficiently. The
use of coaxial cables in broadband networks and digital television
systems is on the rise. Additionally, the integration of coaxial
cables in smart homes and buildings is a trending application. The
market for coaxial cables is expected to continue its upward
trajectory, driven by technological advancements and increasing
consumer demand. The sector consists of companies that manufacture,
distribute, and install coaxial cables and related components.
These companies focus on improving cable performance, reducing
costs, and expanding their product offerings to meet evolving
market needs.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The coaxial cables market faces challenges from the declining
CATV subscriber base in developed countries. Consumers are shifting
towards streaming, satellite TV, and IPTV services due to
their affordability and flexibility. SVoD providers like Netflix,
Hulu, and Amazon Prime Video offer per-view or single channel
subscriptions, allowing consumers to avoid paying for unwanted
channels. Despite a smaller content library, these services are
causing significant losses to the CATV industry. Additionally, the
ability to access SVoD services from any Internet-enabled device
contributes to their growing popularity. The revenue growth of
streaming service providers poses a significant threat to the
coaxial cables market during the forecast period. However, the
increasing demand for CATV in developing countries will provide
some growth opportunities.
- The coaxial cables market faces several challenges in its
implementation and usage. One major challenge is the increasing
demand for higher bandwidth and faster data transfer rates. This
requires the development of more advanced coaxial cable
technologies, such as fiber-coaxial hybrid systems and DOCSIS
3.1. Another challenge is the cost-effectiveness of coaxial cable
systems compared to fiber optics. The high initial investment and
maintenance costs can be a barrier for smaller businesses and
organizations. Additionally, the issue of signal attenuation over
long distances and interference from external sources can limit the
reach and reliability of coaxial cable networks. Radial frequency
interference and cable deterioration are also concerns that need to
be addressed to ensure optimal performance. Overall, the coaxial
cables market must innovate and adapt to meet the evolving demands
of the digital world while maintaining cost-effectiveness and
reliability.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This coaxial cables market report extensively covers market
segmentation by
- End-user
- 1.1 Telecommunication
- 1.2 Transportation and military
- 1.3 CATV providers
- 1.4 Others
- Application
- 2.1 Video distribution
- 2.2 Internet data transfer
- 2.3 Radio frequency transfer
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Telecommunication- The coaxial cables
market experiences growth due to increasing demand for mobile and
wireless communication in developing regions, particularly APAC and
MEA. Telecom equipment, including telephone switching stations and
mobile communication towers, require interference-free signals for
optimal data and voice transmission. The shift towards 4G and 5G
networks, driven by rising mobile subscriptions and Internet usage,
fuels this demand. Despite challenges in network coverage and low
internet speeds, countries are investing in upgrading
infrastructure to increase connectivity. The telecommunication
sector's transition to 5G technology and the impact of COVID-19 on
digital transformations further accelerate market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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Research Analysis
The Coaxial Cables Market encompasses the production,
distribution, and consumption of coaxial cables used for various
applications, including high-speed data connectivity for Internet
and cable television services. These cables are essential
infrastructure in smart urban areas, contributing significantly to
economies by facilitating reliable data transfer and video
distribution. The hard-line cable sector, which includes coaxial
cables, competes with triaxial cables in providing radiating
radiofrequency transfer for analog signals. The market caters to
various industries, such as military and aerospace, telephone
service providers, and Internet service providers, to ensure
uninterrupted Internet data transfer and television services.
Coaxial cables' role in radiofrequency transfer is crucial in the
cable television industry, making them an indispensable component
of modern communication systems.
Market Research Overview
The Coaxial Cables Market encompasses the production, supply,
and installation of coaxial cables worldwide. These cables,
featuring a central conductor with an insulating layer, a braided
shield, and an outer insulating layer, support the transmission of
data and analog signals. The market's growth is driven by the
increasing demand for high-speed internet, digital television, and
telecommunications services. Coaxial cables offer several
advantages, including high bandwidth, low signal loss, and the
ability to carry both data and power. The market is segmented based
on applications, such as telecommunications, cable television, and
broadband networks. The future of the Coaxial Cables Market looks
promising, with advancements in technology leading to the
development of more efficient and cost-effective solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Telecommunication
- Transportation And Military
- CATV Providers
- Others
- Application
-
- Video Distribution
- Internet Data Transfer
- Radio Frequency Transfer
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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