Global Coaxial Cable market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research

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The report covers Global Coaxial Cable Distributors, Number of subscriptions for cable television globally, Worldwide Coaxial Cable Market.

What Is the Size of Global Coaxial Cable industry?

Global Coaxial Cable market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Coaxial Cable Market is largely driven by rising telecommunication and IT industry and rise in the demand for internet connection.

Significant rise in usage of the internet is driving the growth of the coaxial cable market as higher bandwidth requires secure and competent transmission lines to function without signal loss. Cisco, an American multinational technology company, mentioned that by 2023, nearly 60% of the mobile devices and connections globally will have 4G+ capability, surpassing 3G and below-capable devices and connections by several fold.

Advancement in the telecom industry is further propelling the growth of the global coaxial cable market. Coaxial cable is used to convey data, video, and voice communication to customers. Invest India, a 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).

Furthermore, advancement in technology in form of fiber optic cables is hampering the growth of the coaxial cable market. Fiber optic internet transmission speed is faster than coaxial cables, which makes it ideal for large companies.

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Global Coaxial Cable Market by Cable Type

The Global Coaxial Cable market is segmented by Cable Type into Hardline Cable, Triaxial Cable and RG Cable.

RG cable segment held the largest market share of the Global Coaxial Cable market in 2022. RG-type coaxial cables are commonly used in community antenna television (CATV) for residential and commercial installations.

RG-type coaxial cables are available in various sizes and applications in the market such as RG6 used for cable television, RG8 used for radio stations, and RG11 used for video distribution.

Multiple companies offer coaxial cables under a single RG-type segment such as Nexans, Huber+Suhner, Belden Inc., and Comm Scope.

Global Coaxial Cable Market By Application

The Global Coaxial Cable Market is segmented by Application into Internet Data Transfer, Video Distribution and Radio Frequency Transfer.

The radio frequency transfer segment accounted for the largest market share in 2022, as it is used for multiple wired connections such as Wi-Fi, phones, television cables, and others.

A coaxial cable is an electric cable used to transmit radio frequency from one point to another. Radio frequency transfer has multiple applications including computer network connections, antennas, and the distribution of cable television signals.

Increasing average Wi-Fi speed is a driving factor for the global coaxial cable market, as higher bandwidth requires high-quality cables to transfer the data. According to Cisco, the average Wi-Fi network connection speed of 30.3 Mbps in 2018 will exceed 91.6 Mbps by 2023.

Global Coaxial Cable Market By End-User

The Global Coaxial Cable market is segmented by End-User into Cable Television Industry, Military & Aerospace, Internet Service Providers, Telephone Network Operators and Communication Equipment Manufacturers.

Internet service provider is likely to be the fastest growing segment during the forecast period (2022–2028), owing to the increasing demand for data across the world. Internet service providers require cable to transmit the data from one end to another.

According to Cisco, the total number of internet users is projected to grow from 3.9 billion in 2018 to 5.3 billion by 2023 at a CAGR of 6% worldwide.

Global Coaxial Cable Market By Geography

The Global Coaxial Cable market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share within the global coaxial cable market in 2022, owing to the growing mobile telecommunication networks.

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, in 2020 stated that 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 its 5G networks.

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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