Coaxial cable is critical for any business operational performance. These products are the backbone for Enterprise and Industrial automation to access advanced technology that shapes the world’s economy.
Many enterprises globally including telecommunication, Communication Service Providers vendors is establishing data centers to offer cloud-based services and provide high-speed data transfer rates services to both consumers and business worldwide.
Key Coaxial Cables Market Report Highlights:
- Market growth 2020-2025: USD 2.47 billion
- Growth momentum & CAGR: Accelerate at a CAGR of 4.24%
- YoY growth (%): 4.10%
- Performing market contribution: APAC at 44%
- Key consumer countries: China, US, Japan, Germany, and South Korea (Republic of Korea)
Regional Market Analysis
With 44% of the growth originating from APAC, this region will record a fast growth rate during 2021-2025.
APAC will be the fastest-growing market for coaxial cables in the following years due to demand from several rapidly growing economies. China and Japan are the largest consumers in the region. The growth in APAC can be attributed to several factors, including digitization of CATV networks, growth of mobile telecommunication networks, and replacement of slow DSL Internet with high-speed cable networks.
In addition, other factors boosting the coaxial cable market growth are :
- Mobile phone usage in China and India is expected to grow significantly by 2025. The number of users in Indonesia will also grow by more than twice its current demand. Mobile phones provide the cheapest mode of access to the Internet, which is the biggest contributor to this huge surge in demand.
- As the mobile telecommunication sector is a major consumer of coaxial cables, it is expected to notably push the market demand during the early forecast period while maturing during the later stages. Consumer and industrial electronics and test and measurement equipment also use mini- and micro-coaxial cables for providing internal connections. It is expected that the demand from these segments will also contribute to the growth of the coaxial cables market in APAC.
Key Vendors and Vendor Strategies
Amphenol Corp., Belden Inc., Coleman Cables & Wire, Habia Cable AB, HUBER+SUHNER, Leoni AG, Nexans SA, Sumitomo Electric Industries Ltd., Trigiant Group Ltd., and Zhuhai Hansen Technology Co. Ltd. are a few of the key vendors of coaxial cable market. The vendors in the market are constantly focusing on broadening their product portfolio through expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.
- In March 2021, Belden Inc. won the distributor value award for hybrid electrical and fiber camera cable and connectors.
- In October 2020, HUBER+SUHNER launched SUCOFLEX 570S cable assembly for the test and measurement and high-speed digital industries.
- In February 2021, Sumitomo Electric Industries Ltd. launched the SEVD-V3E for electric vehicles.
Key Market Drivers
Our analysts have extensively outlined the information on the key market drivers and their impact on the coaxial cables market.
- Adoption of cables for broadband Internet access:
- The implementation of multimedia over cable alliance (MoCA) technology allows transmission of high-speed broadband Internet and digital content access over coaxial cable networks. MoCA was developed as an open industry standards organization in 2004. It is a continuously developing technology protocol for enabling the transfer of content over existing television cable networks in households and industries.
- The technology provides a link between the regional fiber cable network and the in-house wireless network. MoCA has gained wide adoption in developed countries due to its interoperability with DLNA, IEEE specifications, Wi-Fi, ethernet, and HomePlug. CATV has been present in developed countries for several decades, which has enabled it to gain significant penetration into the households in these countries. Implementation of MoCA is allowing cable companies to retain and expand their users, owing to the availability of new services and high performance over other mediums. Since most households are already connected to a cable network, the cost of laying the additional infrastructure for accessing the Internet is reduced.