PORTLAND, Ore., Sept. 11, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Coaxial Cable Market by Application (Internet Data Transfer, Video Distribution, Radio Frequency Transfer) and End User (Aerospace and Defense, Internet Service Provider, Television, Telecommunication Service Provider, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the "coaxial cable market" was valued at $8.1 billion in 2023, and is estimated to reach $17.4 billion by 2032, growing at a CAGR of 8.9% from 2024 to 2032.
Prime determinants of growth
The key factors positively affecting the coaxial cable market include rollout of 5G and IoT and extensive adoption of High-definition video and streaming. However, vulnerability to physical damage, bandwidth limitations, and susceptibility to signal loss over long distances hinder market growth. However, collaboration of coaxial cable with fiber optics offers lucrative growth opportunities for market players.
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Report coverage & details:
Report Coverage | Details |
Forecast Period | 2024-2032 |
Base Year | 2023 |
Market Size in 2023 | $8.1 billion |
Market Size in 2032 | $17.4 billion |
CAGR | 8.90 % |
Segments covered | Application, End User, and Region. |
Drivers | Reliable performance in military and aerospace systems |
Cost-effectiveness for short-distance data transmission | |
Opportunities | Collaboration of coaxial cable with fiber optics |
Restraints | Vulnerability to physical damage |
Bandwidth limitations, and susceptibility to signal loss over long distances |
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The internet data transfer software segment held the highest market share in 2023
By application, the internet data transfer segment held the highest market share in 2023, accounting for more than two-thirds of the coaxial cable market revenue and is estimated to maintain its leadership status during the forecast period, as coaxial infrastructure is already in place in many areas, making it a readily available option for internet access. However, the radio frequency transfer segment is expected to attain the largest CAGR of 9.6% from 2024 to 2032 and is projected to maintain its lead position during the forecast period as solid metal outer conductor acts as a barrier, protecting the inner conductor carrying the RF signal from external electromagnetic interference (EMI). This is crucial for maintaining signal integrity, especially in environments with lots of electrical noise, such as near power lines or other electronic devices.
The internet service providers segment held the highest market share in 2023
By end user, the internet service providers segment accounted for the largest share in 2023, contributing for more than two-fifths of the coaxial cable market revenue, owing to growing investment in coaxial cable infrastructure to provide reliable and high-speed internet connectivity to residential and business customers. However, the aerospace and defense segment is expected to attain the largest CAGR of 12.6% from 2024 to 2032 and is projected to maintain its lead position during the forecast period as coaxial cables are useful in satellite communication systems to transmit signals between ground stations and satellites. Thereby, driving the growth of the coaxial cable market.
Asia-Pacific held the highest market share in 2023
By region, the Asia-Pacific segment held the highest market share in terms of revenue in 2023, accounting for more than two-fifths of the coaxial cable market revenue owing to connect remote population and remote area with broadband connectivity. However, the MEA segment is projected to attain a significant CAGR from 2024 to 2032. Countries such as Saudi Arabia, South Africa and UAE are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, further expected to contribute to the growth of the market in this region.
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Leading Market Players: -
- General Cable Corporation
- Belden Inc.
- Amphenol Corporation
- LS Cable & System
- TE Connectivity Ltd.
- Coleman Cable Inc.
- Nexans S.A.
- L-Com Global Connectivity
- Prysmian Group
- Alpha Wire
The report provides a detailed analysis of these key players in the coaxial cable market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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