Coaxial Cable Market Expands with Fiber Deep and 5G Network Growth
29 Jan, 2025
Coaxial cables are dual-conductor insulated cables that have the inner conductor centrally located, which is used for transmitting signals. They transmit electromagnetic signals with minimal signal loss and interference. Coaxial cables are widely used for cable television connections, aircraft navigation systems, telephone cables, and computer network connections. The demand for coaxial cables is driven by the increasing adoption of broadband connectivity, streaming services, and internet infrastructure expansion in various geographies across the world.
The global coaxial cable market is estimated to be valued at US$ 19.45 Bn in 2024 and is expected to reach US$ 33.02 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031. Key Takeaways Key players operating in the coaxial cable market are Belden Inc., Amphenol Corporation, CommScope Holding Company, Inc., Nexans S.A., Prysmian Group, General Cable, Southwire Company, LLC, RS Components Ltd., Sumitomo Electric Industries, Ltd., Huawei Technologies Co., Ltd., CCA (Cables and Connectors), L-com Global Connectivity, Times Microwave Systems, Teledyne Technologies Incorporated, and AFL Global.
The growing demand for high-speed internet connectivity from both residential and commercial sectors is fueling the demand for coaxial cables globally. With the proliferation of IoT devices, autonomous vehicles, VR/AR technologies, and 5G deployments, the need for high-speed fiber connectivity is increasing rapidly. Technological advancements such as fiber-deep architectures, coaxial-fiber hybrid networks, and DOCSIS technologies are enhancing bandwidth capabilities and enabling higher internet speeds. Newer generation CATV networks integrated with RFoG/GPON fiber technologies can deliver broadband speeds of over 1 Gbps over coaxial infrastructure. Market Trends Fiber Deep/Hybrid Fiber Coaxial Cable Networks: To meet the exploding bandwidth Coaxial Cable Market Demand, cable operators are increasingly deploying fiber deep/hybrid fiber coaxial networks where fiber optic cables are run deeper into residential areas with coaxial cables connecting individual homes. This allows for bandwidth-intensive services like video streaming in 4K resolution. Cathodic Protection for Coaxial Cables: Cathodic protection technology is being increasingly deployed to protect underground coaxial cables from corrosion. This involves making the cable the cathode of an electrochemical cell and connecting it to a more easily corroded anode to divert any corrosion from the cable. Market Opportunities Infrastructure Development in Emerging Economies: Significant investments are being made by governments and private players in telecom infrastructure development in emerging nations. This provides opportunities for coaxial cable suppliers and layers to participate in large projects. Converged Cable Access Platform (CCAP) Architecture: The CCAP architecture converges the cable modem termination system andedge quadrature amplitude modulation system onto a single platform supporting both data and video delivery over coaxial networks. This presents growth prospects. Impact of COVID-19 on Coaxial Cable Market Growth: The COVID-19 pandemic has significantly impacted the growth of the global coaxial cable market. During the initial months of the pandemic in 2020, the market witnessed a dip in growth due to lockdown restrictions imposed across regions. This led to the shutdown of manufacturing facilities and disruptions in the supply chain globally. The lockdowns negatively affected the demand for coaxial cables from end-use industries such as telecommunication, cable television providers, and internet service providers. With people confined to their homes, the demand for high-speed internet surged which increased the need for robust networks. However, supply chain constraints made it difficult to fulfill the rising demand. As lockdowns eased from mid-2020, the market started recovering steadily. Telecommunication operators focused on upgrading their networks to facilitate seamless connectivity and address the growing data usage. Many countries invested heavily in fiber optics and broadband infrastructure development to accelerate digital transformation. This boosted the demand for coaxial cables for last mile connectivity. Furthermore, with lockdowns restricting outdoor recreational activities, the viewership of cable television and OTT platforms increased exponentially. This elevated the requirement for coaxial cables in distribution networks. By late 2020, the market had regained momentum and is expected to witness accelerated growth in the coming years. Geographical Regions with High Coaxial Cable Market Concentration: Asia Pacific region accounts for the largest market share in terms of value for coaxial cables. Countries like China, India, Japan, and South Korea are major economies driving the regional market. They have the largest telecommunications industry and a huge consumer base dependent on reliable networks. Rapid industrialization, urbanization and investment in developing smart infrastructure have increased the need for high bandwidth connectivity. The governments are prioritizing connectivity projects like nationwide fiber networks. North America follows APAC as the second largest market, led by the United States. The region has well-established cable television, broadband and cellular networks. Upgradation and expansion of existing networks require extensive coaxial cable deployment. Moreover, there is a growing uptake of connected devices which intensifies the need for robust connectivity infrastructure. Fastest Growing Region for Coaxial Cable Market: The Middle East and Africa region is witnessing the fastest growth for coaxial cables. The governments in various countries are investing heavily in digitization to stimulate economic growth. Large scale projects, for instance national fiber backbones, free public Wi-Fi zones and smart city initiatives are underway. Additionally, citizens' dependence on internet and entertainment services is rising rapidly. These factors are fueling the demand for network upgrades and extensions using coaxial cabling technology. Growing urbanization, economic development and focus on connectivity will continue propelling the regional market during the forecast period.
About Author: Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
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