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The global antenna cable market size is estimated to grow by USD 1,332.99 million between 2022 and 2027 accelerating at a CAGR of 4.02% between 2022 and 2027.
The growth of the market depends on several factors, including the adoption of cables for broadband Internet access, the digitization of television networks in developing countries, and the development of data over cable service interface specification (DOCSIS) telecommunication standards.
This report extensively covers market segmentation by application (telecommunication, radio frequency transfer, and internet data transfer), end-user (commercial industries, military and defense, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Antenna Cable Market Driver
The digitization of television networks in developing countries is notably driving the market growth. Many countries in developing regions still use antennas with an ordinary insulated pair of wires to connect to television channels. This method is used only with unencrypted radio waves, which are not required to be connected to set-top boxes to decode the channels. This analog technology is being phased out rapidly in most countries in favor of digital networks, which allow channel management on a per-user basis.
Analog networks only allow one-way communication from the broadcaster to the viewer and involve the drawback of signal interference, causing video and audio noise in channels. On the other hand, digital television networks over antenna cables do not have these interference issues due to their shielded construction. To enforce the digitization of CATV in the country, the Indian government passed a mandate in 2012, forcing cable operators to use set-top boxes on consumer premises. This move will enable high-quality content delivery to subscribers while reducing the cost of cable services and allowing broadcasters to monitor content consumption patterns. Hence, these developments are expected to drive the growth of the global market during the forecast period.
Significant Antenna Cable Market Trend
The expanding infrastructure and construction growth are major trends in the market. Rising economic activity and rapid urbanization are rapidly boosting the growth of new infrastructure and construction activities. The infrastructure industry is expected to witness exponential growth during the forecast period, led by China, India, Russia, Brazil, and the US, which will contribute to more than 70% of the growth.
Furthermore, the surge in demand for mobile devices that are equipped with next-generation wireless internet access is likely to spur the construction and demand for mobile towers, stations, and related equipment, all of which are large consumers of antenna cables. These cables are used for supplying television services and providing internet access and telephony services to homes and offices. They are also used for connecting equipment and antennas in mobile telecommunication stations. Therefore, the increase in infrastructure spending can become a major growth driver for the global market during the forecast period.
Major Antenna Cable Market Challenge
The technological advances in audio and video interfaces are major challenges impeding market growth. Antenna cables were conventionally used to connect television devices to the CATV network. They are mostly used in cathode-ray tube (CRT) televisions for video input. But the sales of CRT television sets have been declining steadily due to their replacement by flat-panel LCD and LED televisions. This is a major challenge to the market in focus.
Furthermore, another challenge for the global market is the development of newer interfacing technologies for video and audio input. The introduction of technologies like Digital Visual Interface (DVI) and High-Definition Multimedia Interface (HDMI) has replaced the use of antenna cables almost completely for video interfaces and in many applications of audio interfaces as well. Additionally, antenna cables are also being replaced in the premium audio segment by optical digital and HDMI connectors. Therefore, such factors can become a major challenge for the growth of the global market during the forecast period.
Key Antenna Cable Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Antenna Cable Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Kingsignal Technology Co. Ltd. - The company primarily focuses on developing, manufacturing, and selling of coaxial high-end radio frequency cables. The key offerings of the company include antenna cables such as corrugated coaxial cable and CATV coaxial cable.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the telecommunication segment will be significant during the forecast period. Antenna cables find significant use in the interconnection between different types of telecom equipment. Telephone switching stations, exchanges, mobile communications towers, and satellite transmitters need antenna cables to transmit interference-free signals to ensure optimal quality of data and voice sent over the networks. Moreover, antenna cables are also used in providing wired telephony services in some countries.
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The telecommunication segment was valued at USD 2,294.92 million in 2017 and continued to grow until 2021. The increase in demand for telecommunication in the future directly stems from the growth of mobile and wireless consumers and the development of next-generation technologies. The demand for antenna cables is increasing primarily due to the rise in fixed broadband subscriptions and an increase in the adoption of 5G. Also, growing internet use and a rise in the number of mobile users have fostered the need for higher data transfer across regions. Furthermore, increasing investments in 5G by market participants across the world will accelerate the demand for antenna cables from telecommunication service providers. The rise in digital transformation initiatives and programs, the growing adoption of hybrid cloud IT and network architecture, and the construction of 5G network base stations will accelerate the demand for antenna cables for connecting several base stations to the distribution point, which will drive the growth of the telecommunication segment in the global market during the forecast period.
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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC will be the fastest-growing market for antenna cables in the coming years primarily due to high demand from several rapidly growing economies. China and Japan are the largest consumers of antenna cables in the region. The growth of the market in APAC can also be attributed to several factors, including the digitization of CATV networks, the growth of mobile telecommunication networks, and the replacement of slow digital subscriber line (DSL) Internet with high-speed cable networks.
Mobile phones provide the most economical means of accessing the internet, which is the biggest contributor to this huge surge in demand for antenna cables. Operators are also moving toward implementing newer technology and upgraded fourth- and fifth-generation telecom networks. These changes in the mobile telecommunication landscape will require the expansion of existing infrastructure across most countries in APAC. Mobile phone usage in China and India is expected to grow significantly by 2025. The number of users in Indonesia will also grow by more than twice its current numbers. As the mobile telecommunication sector is a major consumer of antenna cables, it is expected to notably push market demand in the region during the early forecast period, with market maturity likely to be witnessed during the later stages.
The outbreak of COVID-19 in 2020 negatively impacted the growth of the market in APAC. However, the lockdown restrictions were lifted by the end of 2020 owing to the large-scale COVID-19 vaccination drives carried out across APAC. This led to the resumption of the production of antenna cables in manufacturing facilities. Moreover, operations in end-user industries such as aerospace, ICT, and electronics also resumed, which is expected to drive the growth of the market in APAC. Additionally, vendors in the region are taking up new contracts, which will help them to recover post-COVID-19. For instance, on November 08, 2021, Sumitomo Electric Industries Ltd., which is headquartered in Japan, announced that it had received an order from Mitsubishi Heavy Industries, Ltd. and shipped an assortment of cables (of approximately 2,800 km) for the Red Line Construction Project, a project that involves the building of a new commuter railway route in the Kingdom of Thailand. Sumitomo Electric won a contract to supply a wide range of products for this project, including contact wires, stranded hard-drawn copper wires, power cables (low-voltage and medium-voltage), and various other types of cables. Hence, such factors will drive the growth of the market in APAC during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global antenna cable market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market, covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Antenna Cable Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.02% |
Market growth 2023-2027 |
USD 1,332.99 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.57 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amphenol Corp., Belden Inc., CommScope Holding Co. Inc., HUBER SUHNER AG, Infinite Electronics Inc., JV Industries Pvt. Ltd., Kingsignal Technology Co. Ltd., Leoni AG, LS Cable and System Ltd., Nexans SA, Prysmian Spa, Relemac Technologies Pvt. Ltd., Sumitomo Electric Industries Ltd., Synergy Telecom Pvt. Ltd., TE Connectivity Ltd., Trexon, Trigiant Group Ltd., W. L. Gore and Associates Inc., Zhuhai Hansen Technology Co. Ltd., and Southwire Co. LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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