Coaxial Cable Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2027
The advancements in technology
happening everyday transforming the world into a more connected world,
necessitate the need of safe and secure transmission of data. Bulks of data
transfer happen every day ranging from personal to organizational data and from
within a house to across the globe.
The successful transmission of data thus has become a concern
nowadays. With a whole gamut of options nowadays, as a means to transfer the
data, coaxial cables are used from years and
till the date due to reliable data transfer gather a high demand in market.
Coaxial cable is a type of cable that has an inner conductor
covered by an insulating layer, which is surrounded by tabular conducting
shield. The external interferences are eliminated by larger amounts due to this
type of design, giving rise to a reliable transfer of data.
They are majorly used in cable television industry, military and
aerospace, telephone service providers and other industries. Because of the
wide range of applications provided by the cable, they are expected to have
high demand in coaxial cable market resulting in a promising CAGR.
Coaxial cable market: Drivers and Restraint
Reliable data transfer and high capacity with substantial
advancements in IT and telecomm sectors are the key factors drive the growth of
the market. In addition to these, other major factors contributing to the
market growth are rising investments in communication infrastructure, cheaper
installation costs, and the growing broadband and broadcasting industry.
Owing to the large number of internet subscribers, internet
service providers’ represent the largest segment among the end users. In
addition to transfer of official data, increasing popularity of Multimedia over
Coaxial Alliance (MoCA) technology for sharing high definition videos to home
interconnected devices is expected to drive the coaxial cable market.
CATV companies, system integrators, military and aerospace
industry, telephone service providers, internet service providers, construction
industry and others (medical, automotive, marine and other OEMs) are some other
sectors that can be held responsible for high demand of coaxial cables in the market.
With the increasing levels of data insecurity, and focusing on
improving security across the globe in both the public and private sectors
increasing the demand for Coaxial cable.
The coaxial cablemarket faces a substantial threat from rapid
changes in technology resulting into evolving alternatives such as fibre optics
or wireless technologies. Also the intense market competition and comparatively
being an old technology can decline in usage of Coaxial cable, but due to its
data transmission efficiency over long distances, it is expected to create a
niche market.
Data needs to transfer at high speed over internet. This data
transferred over internet includes applications, videos, audio, documents, etc.
Many high speed fiber internet connections are also using coaxial technology.
These coaxial cables are also widely used in television cable industry and do
have wide application in radio frequency transfer. The absence of interference
in coaxial cable is what makes it one of the most reliable choices for transmitting
radio signals.
Regional
Trends
North America is expected to show a promising CAGR being a major
reason for it. The U.S. and Canada are relatively mature markets for
coaxial cables with currently, the U.S. dominating the North America coaxial
cable market because ofincreasing popularity of interconnected home devices,
low cost of installation, and accelerating IT and telecom sector expenditure on
the part of small and medium-sized businesses.
Mexico is projected to demonstrate the highest CAGR in the Latin
America coaxial cable market, as a result of accelerating economic development
and investment from the government in the telecommunication and broadband
sectors.
The European market witnessed a moderate growth in Coaxial
cablemarket while Asia-pacific being an early adopter of theCoaxial
cabletechnology exhibited a significant growth. Overall theCoaxial cablemarket
growth will have multiple growth opportunity for coaxial cable players.
Competitive
Landscape
Key
Acquisition
ADDvantage Technologies Group, Inc. has acquired Triton Miami,
Inc. a provider of new and refurbished enterprise networking products such as
desktop phones, enterprise switches and wireless routers. This acquisition
enables to expand and diversify the ADDvantage’s operations into the
broader market across enterprise-class telecommunications and data networking
equipment
Coaxial
cable market: Key Players
Belden, Inc., General Cable Corporation, LS Cable & System,
TE Connectivity Ltd., Amphenol Corporation are some of the key players in the
Application-to-person (A2P) enterprise messaging Coaxial cable market.
Other emerging players in this market include: Nexans SA,
Coleman Cable, Inc., Southwire Company, LLC., L-Com Global Connectivity, Alpha
Wire and Prysmian Group.
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