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..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

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  

1. End-user 
   • 1.1 Telecommunication
   • 1.2 Transportation and military
   • 1.3 CATV providers
   • 1.4 Others
2. Application 
   • 2.1 Video distribution
   • 2.2 Internet data transfer
   • 2.3 Radio frequency transfer
3. 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

Learn and explore more about Technavio's in-depth research reports

The global Textile Testing Equipment Market is witnessing robust growth, driven by increasing demand for quality assurance in textile production. Technological advancements and stringent regulatory standards are further propelling the market. Meanwhile, the Global Traffic Lights Market is expanding due to urbanization and rising road safety concerns. Innovations in smart traffic management systems and the adoption of energy-efficient LED lights are key growth drivers. Both markets reflect significant trends in technology integration and regulatory influences, presenting substantial opportunities for stakeholders.

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/coaxial-cables-market-size-is-set-to-grow-by-usd-2-97-billion-from-2024-2028--adoption-of-cables-for-broadband-internet-access-boost-the-market-technavio-302185899.html

SOURCE Technavio