by North America Coaxial Cable Market offers a highly reliable and economical solution for the transmission of radio frequency signals and bulk television programming. Coaxial cables enable high data transmission speeds with minimal signal degradation, making them ideal for high-speed data networks. They also provide high bandwidth capabilities which allow operators to deliver TV services, voice over internet protocol (VOIP) and high-speed internet simultaneously over the same network infrastructure.
The global North America Coaxial Cable Market is estimated to be valued at US$ 4560.51 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for coaxial cables in North America is primarily driven by increasing investments in broadband and telecommunication infrastructure. To cope up with ever-increasing demand for high-speed data networks, telecom operators are undertaking mega projects to upgrade & expand their network infrastructure. For instance, internet service providers in the US and Canada are actively deploying fiber deep technologies to expand fiber connectivity closer to end users. However, the last mile connectivity from street cabinets to customer premises is still largely provided through coaxial cables due to their reliability and cost effectiveness. Rising mobile data consumption on account of proliferation of smart devices and OTT platforms is prompting operators to boost network capacity through coaxial infrastructure build outs. This is expected to remain a key trend in the North America coaxial cable market over the forecast period.
SWOT Analysis
Strength: Coaxial cables provide high bandwidth and high transmission speed for data, audio and video applications. Reliable and strong signal transmission makes it suitable for stable long-distance communications.
Weakness: Initial installation and setup costs of coaxial cables are high compared to other cable types. The bandwidth capacity of coaxial cables is limited and gets saturated easily with increasing network traffic.
Opportunity: Growing popularity of HD and UHD video content is driving the demand for high bandwidth networks. Increasing subscriber base for cable television, broadband internet and utility smart grids offer scope for coaxial cable deployment.
Threats: Emerging high-speed fiber optic technologies pose a threat by offering much higher bandwidth capacities. Wireless communication technologies are also gaining ground for last mile connectivity.
Key Takeaways
Global North America Coaxial Cable Market Demand is estimated to be valued at US$ 4560.51 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030.
The North America coaxial cable market is expected to witness high growth driven by rapid infrastructure development for cable TV, broadband internet and smart grids in the region. The US accounts for the largest share in the North America coaxial cable market owing to high penetration of cable television and well-developed broadband networks in the country. Canada is also witnessing healthy growth in cable TV subscriber base and investment in utility infrastructure modernization projects involving coaxial cables.
Key players operating in the North America coaxial cable market are Amcor Limited, Westrock Company, TetraPak International S.A., Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corporation, Mondi PLC, Huhtamaki OYJ, BASF SE, Ardagh Group S.A, Ball Corporation, Crown Holdings, Inc., DS Smith Plc, Genpak LLC, and International Paper Company. Leading players are focusing on manufacturing low-cost coaxial cables for telecommunication backhaul and utility distribution applications to capitalize on higher demand from networking projects.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
