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The global coaxial cables market is forecast to increase by USD 2.85 billion at a CAGR of 4.68% between 2022 and 2027. The growth of the market depends on several factors, including the adoption of cables for broadband internet access and the development of DOCSIS telecommunication standards. The digitization of television networks in developing countries is notably driving market growth. However, factors such as increasing competition from wireless and fiber optic standards may impede the market growth. This report 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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Public spending on internet infrastructure facilitates the expansion of high-speed data connectivity, benefiting both smart urban areas and remote villages, thus broadening the client base and enhancing network transfer capabilities, supported by government initiatives to foster smart city development in local and inter-local areas. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The digitization of television networks in developing countries is notably driving market growth. The expansion of high-speed internet connectivity in remote and smart urban areas, driven by government spending initiatives, is propelling market growth. Many developing countries, still reliant on analog television networks using antennas, are transitioning to digital networks. Analog systems suffer from signal interference, limiting communication to one-way broadcasts and causing quality issues.
In contrast, digital networks, supported by coaxial cables, offer improved channel control and eliminate interference problems. Government mandates, like India's 2012 CATV digitization mandate, promote the adoption of set-top boxes, enhancing content quality, reducing service charges, and enabling broadcasters to manage content consumption. These developments are key drivers fostering market growth in the forecast period.
Regulations for cable TV infrastructure are an emerging trend in the market. A major role is played by government regulations in the development of cable TV infrastructure. For example, the Telecom Regulatory Authority of India (TRAI) introduced a new tariff regime for broadcasters in 2018. This system was introduced to increase transparency between pay-TV operators and broadcasters and to increase consumer choice.
Set-top boxes became mandatory in many countries, which led to the development of coaxial cables and optical fibers capable of transmitting high-definition signals. Additionally, set-top boxes are becoming interoperable and mandatory in several countries. Therefore, such policies will increase the customer base of cable television and accelerate the development of coaxial cables and optical fibers for transmitting signals through cable television networks. These factors will fuel the growth of the market during the forecast period.
Increasing competition from wireless and fiber optic standards are major challenges impeding the market. Traditional cable television networks consisted of an entire system connected by coaxial cables, which included a trunk system, a distribution system, and an end connection to the subscriber's premises. This system is steadily being replaced by hybrid fiber-coaxial (HFC), all-optical fiber to the home (FTTH), and, more recently, optical-wireless hybrid systems.
The reason behind the transition is the limitations of coaxial cables in carrying ever-increasing data loads. Coaxial cables are bulky to handle and can suffer from external interference caused by electromagnetic waves, moisture, and heat. They also have high attenuation, requiring regular reinforcement by long-distance networks. These limitations make users adopt fiber or wireless mediums as they offer higher benefits at a lower cost, which may pose a major challenge to the growth of the market during the forecast period.
This market trends and analysis 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 Coaxial Cables Market Customer Landscape
Companies 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.
Coleman Wires and Cables - The company offers high and medium-voltage cables, low-voltage cables, fire-resistant wires and cables, and other products. The key offerings of the company include a complete portfolio of coaxial cables.
This market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the telecommunication segment will be significant during the forecast period. The increase in telecommunication demand directly stems from the growth of mobile and wireless consumers and the development of next-generation technologies.
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The telecommunication segment was valued at USD 3.41 billion in 2017 and continued to grow until 2021. Developing nations in APAC and MEA represent the biggest growth opportunity in this segment, as operators are targeting to maximize their network reach across all geographical areas. The growth potential in MEA and APAC remains very high due to the exponential growth in the mobile subscriber base. The demand for these cables is increasing primarily due to the rise in fixed broadband subscriptions, an increase in the adoption of 4G, and the evolution of 5G. Also, the growing internet use and rise in the number of mobile users have fostered the need for more data transfer across regions. Increasing investments in 5G by market participants across the world will accelerate the demand for coaxial cables from telecommunication service providers. These factors will boost the segment growth during the forecast period.
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APAC is estimated to contribute 44% 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 represents the largest market in terms of highest share of the market revenue. APAC will be the fastest-growing market in the following years due to demand from several rapidly growing economies. The growth in APAC can be attributed to several factors, including the digitization of CATV networks, the growth of mobile telecommunication networks, and the replacement of slow DSL Internet with high-speed cable networks.
The Coaxial Cable Market is experiencing significant growth driven by the demand for High-speed data connectivity and the expansion of Internet connectivity, particularly in Remote areas and Smart urban areas. With Public spending and Government spending initiatives, Smart cities and Villages are being connected, enhancing Network connectivity. The market caters to various sectors, such as the television cable sector, telecommunication service companies, and Internet service provider sector. It encompasses Coaxial cable types, including Three-conductor tri-axial cable for the Radiofrequency transmission sector. Partnerships, collaborations, and online distribution channels drive market dynamics, while factors like Signal quality, Secure data transfer, and Protection from noise and interference ensure efficient Signal transmission and Internet connection.
The market caters to a diverse client base across various industries, facilitating local and inter-local area connectivity and network transfer. Telecommunication end-use verticals heavily rely on coaxial cables for their telecommunication infrastructure needs, particularly in third-world economies. Manufacturers in the hard-line cable sector, including coaxial cable manufacturers, collaborate with regional players to meet the demands of Asia Pacific Countries. Long-term partnerships drive growth, bolstered by incentives like tax rebates. Coaxial cables enable efficient internet transfer and radio frequency applications, ensuring faster transmission and higher bandwidth for industries ranging from consumer electronics to industrial electronics. Their physical properties support long-distance data transmission while minimizing electric and magnetic leakage.
The market also serves a broad internet user base and various sectors, including the IT and telecom sector, for radio frequency transfer applications and transmission of analog and digital signals. It's preferred for internet subscribers and e-commerce websites, providing reliable connectivity with its metal wire and hard line construction. While fibre optic cables are gaining traction, coaxial cables remain competitive due to their cost of installation advantages. They continue to be indispensable in the telecom and IT industries for their robust performance and suitability for diverse applications.
The market analysis and 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.
Coaxial Cables Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.68% |
Market growth 2023-2027 |
USD 2.85 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.26 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
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 dynamics |
Market growth and trends, 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 market 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 End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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