Coaxial Cables Market to Reach $45.55 Billion by 2028, Fueled by Rise of Cable Broadband

The coaxial cables market size has grown strongly in recent years. It will grow from $33.84 billion in 2023 to $36.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to telecommunications expansion, television broadcasting, military and aerospace applications, networking and data transmission.

The coaxial cables market size is expected to see strong growth in the next few years. It will grow to $45.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to 5g technology, internet of things (iot), satellite communications, video streaming and high-definition tv, automotive connectivity. Major trends in the forecast period include high-frequency coaxial cables, miniaturization, improved shielding, low-loss cables, eco-friendly materials.

Market Overview -
Coaxial cable is a type of copper cable that has an inner conductor protected by a layer of insulation, that is enclosed by a shield of tabular conduction to reduce the interaction with electrical and radio frequencies, allowing faster and more stable signal delivery. Coaxial cables are used for transmitting data and radio frequency over a distribution network, primarily used in cable television, telephone service providers, military and aviation sectors, and other industries.

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Coaxial Cables Market Growth Fueled By The Rise Of Cable Broadband
During the historic period, the use of coaxial cables in cable broadband globally contributed to the coaxial cables market's growth. Cable broadband offers a variety of benefits due to its affordability and innovations such as high speed, enhanced reliability, and high download peak times. According to a study, in India, the cable TV industry connects over 100 million households. It has enormous coverage and connects over 1500 cities, deep into urban and rural areas with last-mile connectivity. The multiple system operators (MSOs) are the operators, operating multiple cable TV systems, and give access to the majority of homes via fixed-line coaxial cable, which can be easily upgraded to carry high-speed broadband. The use of coaxial cables in cable broadband drove the growth of the coaxial cables market.

Competitive Landscape -
Major companies operating in the coaxial cables market include Belden Inc., General Cable, LS Cable and System, Nexans SA, Prysmian Group, Amphenol Corporation, TE Connectivity Ltd., L-Com Global Connectivity, CommScope, Habia Cable, Hengxin Technology, Kingsignal Technology, Trigiant Group, W. L. Gore & Associates Inc., Zhuhai Hansen Technology, Allied Wire & Cable, American Broadcasting Company, Columbia Broadcasting System (CBS), FOX Corporation, National Broadcasting Company (NBC), Coleman Cable, Southwire Company LLC, Alpha Wire, Sumitomo Electric Industries Ltd., Dacon Systems Inc., New England Wire Technologies Corp., No Time Delay Electronics, Northwire Inc., Casmo Cable, Micro-Tek Corp., Maury Microwave, ANOISON Electronics LLC, Anritsu, Bolton Technical, Carlisle Interconnect Technologies, Cinch Connectivity Solutions, Times Microwave Systems, Huber+Suhner AG, Pasternack Enterprises Inc., RF Industries, Molex LLC, Radiall, Rosenberger, Samtec Inc., WireMasters Inc.

Increasing Fire-Resistant Cable Production To Meet Growing Construction Industry Demand
Many cable manufacturing companies are increasing their fire-resistant cable production capacities to keep pace with the increasing demand from the construction industry. Fire-resistant cables are usually required in emergency operations in critical electrical circuits to reduce fire transmission and ensure the highest level of safety. They have a sheet to prevent the leakage of smoke and toxic gases during fire incidents. Such cables are designed for wiring in large residential, industrial, and manufacturing buildings. For instance, in May 2022, Nexans S.A., a France-based company operating in cable and optical fiber, introduced the next-generation fire-resistant cable. Nexans' fire-resistant cables are fully dielectric and are more flexible as compared to metallic armored cables due to the use of fiber-reinforced plastic (FRP) armor, which does not require grounding, is easier to handle with rodent protection, is waterproof, and can operate over a wide temperature range.

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Key Segments -
The coaxial cables market covered in this report is segmented -
1) By Type: Hard-line Cable, Triaxial Cable, Twin Axial Cable
2) By Applications: Internet Data Transfer, Video Distribution, Radio Distribution Frequency Transfer, Other Applications
3) By End-User: Cable Television Industry, Military And Aerospace, Internet Service Providers, Telephone Network Operators, Communication Equipment Manufacturers, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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