Dublin, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The "Coaxial Cables Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The coaxial cables market size is expected to see strong growth in the next few years. It will grow from $33.84 billion in 2023 to $36.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. It is further forecast to grow to $45.55 billion in 2028 at a CAGR of 6%.
The anticipated growth in the forecast period can be attributed to the adoption of 5G technology, the Internet of Things (IoT), advancements in satellite communications, the increasing popularity of video streaming and high-definition TV, and the growing need for automotive connectivity. Key trends expected in the forecast period encompass the utilization of high-frequency coaxial cables, ongoing miniaturization efforts, enhanced shielding technologies, low-loss cables, and the use of eco-friendly materials in coaxial cable manufacturing.
The key types within the coaxial cable market include hard-line cable, triaxial cable, and twin axial cable. Hard-line cable, in the context of coaxial cables, is utilized within subscribers' homes to establish connections to amplifiers. They find application in internet data transfer, video distribution, radio frequency distribution, and other functions. Hard-line cables are employed in the cable television industry, military and aerospace sectors, internet service providers, telephone network operators, communication equipment manufacturers, and various other end users.
During the historical period, the global coaxial cables market experienced growth driven by the widespread use of coaxial cables in cable broadband applications. Cable broadband offers numerous advantages, including affordability and innovations such as high-speed connectivity, enhanced reliability, and the ability to handle high download volumes. In India, for example, the cable TV industry serves over 100 million households and boasts extensive coverage across 1500 cities, including urban and rural areas with last-mile connectivity. Multiple system operators (MSOs) play a significant role by operating various cable TV systems, providing access to a large number of homes through fixed-line coaxial cables, which can be easily upgraded to support high-speed broadband services. The utilization of coaxial cables in cable broadband has been a key driver of growth in the coaxial cables market.
The increasing consumption of the internet is expected to be a major growth driver for the coaxial cables market. The term 'internet consumption' refers to the volume of data and online content accessed and utilized by individuals, businesses, and devices over the internet. The growing demand for high-speed internet access, fueled by activities such as online streaming, video conferencing, online gaming, and the use of bandwidth-intensive applications, necessitates a robust and efficient infrastructure.
Coaxial cables are well-suited to meet this demand, offering the required bandwidth for high-speed internet services. For example, data from February 2023 reports an increase of 224 thousand internet users in the UK, signifying a 0.3% growth from the previous year, with a total of 66.11 million internet users in the UK. Consequently, the rising consumption of the internet is propelling the growth of the coaxial cables market.
The growing adoption of fiber optic cables is expected to pose a challenge to the coaxial cables market. Fiber optic cables, composed of glass fibers within an insulated casing, are capable of transmitting data over long distances, providing high bandwidth and delivering high-performance networking for internet, TV, and phone services to homes and businesses. In India, the consumption of fiber optic cables has seen a remarkable CAGR of 27% over the past three years. Fiber optic cables offer numerous advantages over coaxial cables, making them a preferred choice for long-distance data transmission, such as live streaming for educational classes. This increasing use of fiber optic cables is likely to limit the growth of the coaxial cables market.
To meet the rising demand from the construction industry, many cable manufacturers are expanding their production capacities for fire-resistant cables. Fire-resistant cables are crucial for emergency operations in critical electrical circuits, reducing the spread of fires and ensuring the highest level of safety. They are designed for wiring in large residential, industrial, and manufacturing buildings. For instance, in May 2022, Nexans S.A., a French company specializing in cables and optical fibers, introduced the next-generation fire-resistant cable, featuring innovative properties such as full dielectric construction, increased flexibility due to fiber-reinforced plastic (FRP) armor, which eliminates the need for grounding, enhanced rodent protection, waterproofing, and the capability to operate in a wide temperature range.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
- Markets Covered:
- By Type: Hard-line Cable; Triaxial Cable; Twin Axial Cable;
- By Applications: Internet Data Transfer; Video Distribution; Radio Distribution Frequency Transfer; Other Applications;
- By End-User: Cable Television Industry; Military And Aerospace; Internet Service Providers; Telephone Network Operators; Communication Equipment Manufacturers; Other End Users
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Companies Profiled
- Belden
- General Cable
- LS Cable and System
- Nexans SA
- Prysmian Group
- Amphenol Corporation
- TE Connectivity Ltd.
- L-Com Global Connectivity
- CommScope
- Habia Cable
- Hengxin Technology
- Kingsignal Technology
- Trigiant Group
- W. L. Gore & Associates Inc.
- Zhuhai Hansen Technology
- Allied Wire & Cable
- American Broadcasting Company
- Columbia Broadcasting System (CBS)
- FOX Corporation
- National Broadcasting Company (NBC)
- Coleman Cable
- Southwire Company
- Alpha Wire
- Sumitomo Electric Industries
- Dacon Systems
- New England Wire Technologies Corp.
- No Time Delay Electronics
- Northwire Inc.
- Casmo Cable
- Micro-Tek Corp.
- Maury Microwave
- ANOISON Electronics
- Anritsu
- Bolton Technical
- Carlisle Interconnect Technologies
- Cinch Connectivity Solutions
- Times Microwave Systems
- Huber+Suhner
- Pasternack Enterprises
- RF Industries
- Molex
- Radiall
- Rosenberger
- Samtec
- WireMasters
For more information about this report visit https://www.researchandmarkets.com/r/p0i9gt
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