Coaxial Cables Market Size, Share, Opportunities, And Trends By Type (Hard-Line Coaxial Cables, Formable Coaxial Cables, Twinaxial Cables, Triaxial Cables, Others), By Component (Core, Dielectric, Wire Mesh, Deck), By Application (Broadband Internet Networking Cables, Cable Television, Telecommunication Sytems, Video Transmission, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615662
- Pages : 141
The coaxial cables market is expected to grow at a CAGR of 4.35% from a market size of US$100.639 billion in 2021 to reach US$135.61 billion in 2028.
Coaxial cable is a type of electrical cable characterized by its structure consisting of an inner conductor, a concentric conducting shield, and a dielectric material that serves as insulation between the two. Such cables owing to their high durability and resistance find applicability including broadband internet networking, cable television, telecommunication systems, and video transmission. The rising need for high-speed data transmission is a significant driver fuelling the coaxial cables industry growth thereby expanding the overall coaxial cable market size.
High demand for data transmission bolsters coaxial cables market growth.
The increasing availability of digital content, coupled with the widespread adoption of high-definition video streaming services, has created a strong demand for efficient and dependable data transmission. Coaxial cables have emerged as a fitting solution to address this need due to their remarkable attributes of high bandwidth capacity and minimal signal loss. These characteristics make coaxial cables exceptionally well-suited for various applications that rely on high-speed data transfer, including cable television networks, broadband internet connections, and video surveillance systems. According to the Organization for Economic Cooperation and Development, fibre broadband subscriptions in OECD countries witnessed a significant 12.3% increase between June 2021 and June 2022.
Emerging IOT devices drive the coaxial cable market expansion.
The increasing deployment of IoT devices, which rely on stable and reliable connectivity, has created a surge in demand for high-quality coaxial cables. These cables provide the necessary bandwidth and signal integrity required for seamless data transmission, making them essential components for the expanding IoT ecosystem. The surge in the adoption of IoT devices coupled with investment to boost transmission infrastructure has bolstered the coaxial cables market growth. The MIIT revealed a five-year plan to foster China's big data industry, projecting its scale to surpass 3 trillion yuan ($471 billion) by 2025 up from over 1 trillion yuan in 2020.
Telecom industry expansion drives the coaxial cable industry growth.
Coaxial cables are extensively used in telecom networks to ensure reliable and high-speed data transmission for voice, data, and video signals, and as the telecom industry continues to expand, driven by increasing internet penetration and the deployment of advanced communication technologies like 5G, the demand for coaxial cables as a connectivity solution escalates. For instance, Bharti Airtel estimates that the Department of Telecom (DoT) will generate approximately Rs 8,312 crore from the recent 5G auctions as revenue for the acquired radio waves in August 2022.
Asia-Pacific region is anticipated to dominate the coaxial cable market.
Asia-Pacific region dominates the coaxial cable market due to advancements in infrastructure, a thriving telecom industry, and the growing demand for efficient data transmission in the big data sector. For instance, in April 2021, the “PLI Scheme” launched by the Department of Telecom (DoT) aimed to incentivize domestic manufacturing in telecom and networking products, with a total outlay of ?12,195 crore. Also, according to the Ministry of Industry and Information Technology, China accounted for a significant 70% of the world's total cellular Internet of Things (IoT) connections, reaching 1.8 billion by December 2022. This dominance highlights China's substantial presence and influence in the IoT industry.
Substitute availability poses challenges to coaxial cable market growth.
The growing demand for high-speed internet and data-intensive applications has led to a significant shift towards fibre optic technology. Fibre optic cables, with their superior attributes such as higher bandwidth, faster data transmission speeds, and longer transmission distances, are increasingly favoured over coaxial cables. This transition towards fibre optics can potentially limit the growth of the coaxial cable market. For instance, in October 2022, STL, a leading digital network integrator, introduced groundbreaking innovations including India's first Multicore fibre and cable, high-capacity solutions for 5G cell sites, Quad-core fibre connectivity in data centres, and exploration of Quantum communication feasibility.
- June 2023: Tropical Cable & Conductor Limited (TCCL), a prominent manufacturer of electrical cables and conductors, recently unveiled their latest product: the Coaxial TV Cable. This particular type of communication cable is meticulously crafted with a pure copper core, ensuring optimal signal conductivity. The Coaxial TV Cable is primarily designed for connecting satellite antennas, TV antennas, and CCTV cameras to television sets. It finds applications in various facilities, homes, and businesses where reliable signal strength is crucial for high-quality audio and video transmission.
- April 2023: Times Microwave Systems recently introduced the XtendedFlex 178 continuous flex coaxial cable, which is designed to provide exceptional bend movement and consistent electrical performance even during continuous flexure. This cutting-edge cable showcases a unique composition of high-quality materials, featuring a stranded centre conductor made of silver-plated copper-clad steel. It also incorporates a FEB dielectric, tin-plated copper braid for shielding, and a durable rubber jacket for added protection. By combining these elements, the XtendedFlex 178 cable offers both flexibility and durability, enabling it to withstand the demanding conditions of millions of flexures.
- February 2023: Infinite Electronics Inc. acquired the Cable Connectivity Group (CCG) from Torqx Capital Partners and TKH Group NV. This strategic move bolsters Infinite Electronics' brand portfolio, enabling the company to significantly enhance its presence in Europe while better aligning itself with customer requirements for cutting-edge cable connectivity solutions.
- August 2021: Belden unveiled an exciting new product launch, introducing the Belden DataTuff Cat 6A High Flex Industrial Ethernet Cables. These cables are specifically engineered to provide dependable and resilient performance, making them ideal for high-movement applications in challenging environments. With a focus on tight industrial spaces, the cables offer exceptional torsion tolerance, setting a new standard in their category. By combining rugged durability with advanced design.
Coaxial Cables Market Scope:
|Market Size Value in 2021||US$100.639 billion|
|Market Size Value in 2028||US$135.61 billion|
|Growth Rate||CAGR of 4.35% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Component, Application, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Galaxy Wire & Cable, Inc., Belden Inc., Siemens AG, Amphenol Broadband Solutions (Amphenol Corporation), LS Cable & System, TE Connectivity, Prysmian Group, Alpha Wire, Relemac Technologies Pvt. Ltd., Jiangsu Elesun Cable Co.,Ltd.|
|Customization Scope||Free report customization with purchase|
- By Type
- Hard-Line Coaxial Cables
- Formable Coaxial Cables
- Twinaxial Cables
- Triaxial Cables
- By Component
- Wire Mesh
- By Application
- Broadband Internet Networking Cables
- Cable Television
- Telecommunication Sytems
- Video Transmission
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. COAXIAL CABLES MARKET ANALYSIS, BY TYPE
5.2. Hard-Line Coaxial Cables
5.3. Formable Coaxial Cables
5.4. Twinaxial Cables
5.5. Triaxial Cables
6. COAXIAL CABLES MARKET ANALYSIS, BY COMPONENT
6.4. Wire Mesh
7. COAXIAL CABLES MARKET ANALYSIS, BY APPLICATION
7.2. Broadband Internet Networking Cables
7.3. Cable Television
7.4. Telecommunication System
7.5. Video Transmission
8. COAXIAL CABLES MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Galaxy Wire & Cable, Inc.
10.2. Belden Inc.
10.3. Siemens AG
10.4. Amphenol Broadband Solutions (Amphenol Corporation)
10.5. LS Cable & System
10.6. TE Connectivity
10.7. Prysmian Group
10.8. Alpha Wire
10.9. Relemac Technologies Pvt. Ltd.
10.10. Jiangsu Elesun Cable Co.,Ltd.
Galaxy Wire & Cable, Inc.
Amphenol Broadband Solutions (Amphenol Corporation)
Relemac Technologies Pvt. Ltd.
Jiangsu Elesun Cable Co.,Ltd.
|Report Name||Published Month||Get Sample PDF|
|Control Cable Market Size & Share: Industry Report, 2023-2028||Feb 2023|
|Semi Flexible Cable Market Size: Industry Report, 2023 - 2028||Feb 2023|
|Ribbon Cables Market Size & Share: Industry Report, 2023 – 2028||Feb 2023|
|Optical Fiber Cable Market Size: Industry Report, 2023 – 2028||Apr 2023|
|Belted Cable Market Size & Share: Industry Report, 2023 – 2028||Jul 2023|