Driven by the Rising Telecommunication and IT industry, and Significant Growth in Internet Usage. The Global Coaxial Cable is forecasted at approximately US$ 50 Bn by 2028 says Ken Research Study
Coaxial cables are electrical transmission lines that deliver higher-level frequency signals from one line to another with minimal signal loss. There are four main parts of a coaxial cable, at its core, it consists of a single copper or copper-coated steel, followed by a dielectric insulator, metal shield, and rubber wrapper. The coaxial cable finds its application in internet data transfer, video distribution, and radio frequency transfer.
According to Ken Research estimates, the Global Coaxial Cable Market – which grew from approximately US$ 25 Billion in 2017 to approximately US$ 35 billion in 2022 – is forecasted to grow further into approximately US$ 50 Billion opportunities by 2028. Ken Research shares 5 key insights on this high-opportunity market from its latest research study.
2. Advancement in Information and Technology Sector (ICT) In Asia Pacific Region and Other Developing Regions, Is Likely to Propel the Growth of the Market.
The coaxial cable Market is expected to witness significant growth during the forecast period, due to the surging telecom and IT sector. The National Association of Software and Service Companies (NASSCOM), a non-profit industry association, stated that India’s technology industry recorded its highest-ever rate of growth by reaching US$ 227 billion in revenue in 2021, from US$ 200 billion in 2020.
According to English.Gov.CN, an English-language electronic communication platform of the state council of the People’s Republic of China, the combined business revenue in the telecom sector rose 8% year-on-year to US$ 232.43 billion in 2021, with a growth rate up 4.1% from 2020.
Coaxial cable is used to convey data, video, radio frequency signals, and voice communication signals. The growth of the ICT sector will help the coaxial cable market to nurture during the forecast period.
2. Increasing Data Usage is Propelling the Global Coaxial Cable Market Growth.
The rise in usage of smartphones, tablets, and other devices is raising the demand for the internet and is likely to propel the growth of coaxial cable market as it is used to transmit high-speed signals. In addition, the growing demand for higher data connections such as 4G and 5G across the world is also fuelling the growth of the global coaxial cable market.
Ericsson a Swedish based networking and telecommunication company, mentioned in its report for mobile subscription outlook, by the end of 2027, 5G subscriptions globally are forecasted to reach 4.4 billion, accounting for 48% of all mobile subscriptions. Telecom carriers must connect an antenna to an indoor unit for which they have cable options to choose from, and one of the cables is coaxial. As the growth of telecom rises, the need for better and more efficient cable also arises, which will drive the growth of the coaxial cable market.
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3. Declining Cable Television Subscription is Restraining the Growth of the Global Coaxial Cable Market.
Cable television is the largest end-user of the coaxial cable market. But the diminishing subscription number of cable television worldwide, as the cost of subscription is higher as compared with online streaming platforms, is going to hamper the growth of the global coaxial cable market. Over-the-top (OTT) is an online subscription-based platform that provides films and related content at the demand of the individual consumer, gaining momentum during and after the COVID-19 pandemic.
As per the Telecom Regulatory Authority of India (TRAI), a telecommunication sector regulatory body stated in a report, direct to home (DTH) net active subscriber base has reduced from 70.26 in 2020 to 66.92 million in 2022.
4. RG Cables Held the Largest Share in the Global Coaxial Cable Market
RG cables are a common type of coaxial cable installed in multiple commercial and residential places. RG cables are used more often for distributing broadband internet and cable television signals. RG cables come in numerous sizes such as RG6, RG11, RG59, and others.
Multiple companies offer coaxial cables under a single RG-type segment such as Nexans, Huber+Suhner, Belden Inc., and Commscope.
Times Microwave Systems, an Amphenol Company, in October 2021, introduced TMQ4 and TMQ5 bundled cable assemblies for 5G. These new solutions combine industry-standard four and five-conductor MQ4 and MQ5 connectors with Times Microwave’s high-end coaxial cables.
5. Asia Pacific Accounts for the Largest Share of the Global Coaxial Cable Market.
Asia Pacific is expected to be the largest region among others during the forecast period. This is because of the surge in the mobile telecommunication network, and the decrease in the cost of installment of coaxial cables. Invest India, the national investment promotion and facilitation agency reported that the telecom industry in India is the second largest in the world with a subscriber base of 1.17 billion as of July 2022 (wireless and wireline subscribers).
According to the International Trade Association (ITA), a U.S. agency that promotes trade and investment, as stated in 2020, over the next five years, the four Japanese carriers including NTT Docomo, KDDI au, Softbank, and Rakuten Mobile, will spend more than US$14 billion combined in capital expenditure to build out their 5G networks. In 2019, U.S. suppliers exported more than $720 million in telecom equipment to Japan.
Cisco, an American-based multinational technology company, according to its annual internet report, 2018-2023, Asia Pacific internet users as a percentage of the regional population are forecasted to grow by 20%, which is highest among other regions.
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Key Topics Covered in the Report
- Snapshot of Global Coaxial Cable Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Coaxial Cable Market
- Historic Growth of the Overall Global Coaxial Cable Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Coaxial Cable Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- Covid-19 Impact on the Overall Global Coaxial Cable Market
- Future Market Forecast and Growth Rates of the Total Global Coaxial Cable Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Coaxial Cable Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
Key Profiled Companies Mentioned in the Report
- Belden Inc.
- Prysmian Group
- Amphenol Corporation
- CommScope
- Trigiant Group Limited
- HUBER+SUHNER
- Leoni AG
- Sumitomo Electric Industries, Ltd.
- TE Connectivity
- Nexans
Notable Emerging Companies Mentioned in the Report
- HDG Telecom
- ZOMWAVE TECHNOLOGY CO., LTD
- M-core Industries Private Limited
- STP Global Cables LLC
- Birikim Kablo
- Tukom Elektronik
- COAX-RF ENTERPRISE CO., LTD.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Coaxial Cable Manufacturing Companies
- Coaxial Cable Distributors and Traders
- Coaxial Cable Traders
- Coaxial Cable Material Supplier Companies
- Potential Investors in Coaxial Cable Companies
- Cable & Wire Association
- Electric Cable Association
- Cable TV Companies
- CCTV Installation Companies
- Internet Providers
- Government Ministries and Departments of Communications Industry
- Consulting Companies in The Cable & Wire
- Coaxial Cable Component Providers
- RG Coaxial Cable Component Manufacturers
- Government And Research Organizations
- Investment banks
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
For More Information on the Research Report, refer to below links: –
Global Coaxial Cable Market Size
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249