June 17, 2024
North America Coaxial Cable Market

North America Coaxial Cable Market is growing remarkably by demand for broadband connectivity

The North America coaxial cable market has been gaining steady momentum in recent times. Coaxial cables are extensively used for carrying radio frequency signals in communication systems. They are most commonly used for cable television distribution as well as Internet connectivity. Advantages of coaxial cables include their lower transmission losses compared to open wire lines, impedance matching for efficient power transfer, and ability to carry higher bandwidth signals. The North America coaxial cable market is driven by the increasing demand for high-speed internet connectivity across various industries. Increasing consumption of online streaming services and adoption of digitization trends are expected to generate substantial need for broadband infrastructure, propelling market growth.

The Global North America Coaxial Cable Market is estimated to be valued at US$ 5253.71 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the North America coaxial cable market are Smith & Nephew, DePuy Synthes, Stryker, Zimmer Biomet, Arthrex, Medtronic, Conmed, Schwartz Biomedical, RTI Surgical, Orteq, Baxter, Geistlich, Anika Therapeutics, B. Braun Melsungen, Cayenne Medical, Enetec Pharmaceuticals, Ivy Sports Medicine, Neotherix, OrthogenRx, Osiris Therapeutics. The rising need for high-speed internet connections has increased the demand for coaxial cables from communication service providers. Major telecom operators are investing heavily in infrastructural development including installation of optic fiber and coaxial networks to fulfill connectivity needs North America Coaxial Cable Market Share accounts for a significant share of the global coaxial cable market. Stringent government policies pertaining to digital infrastructure and initiatives to deploy fiber and coax networks will drive regional market growth over the forecast period.

Key players are focused on expanding their geographical presence across potential growth markets to leverage new revenue streams. Additionally, companies are investing in research and development to improve cable designs for better conductivity and higher transmission speeds. New product launches catering to 5G network requirements will further support industry revenue. Increased investments by communication service providers in network infrastructure are anticipated to open new avenues for coaxial cable manufacturers worldwide.

Market key trends

One of the key trends gaining momentum in the North America coaxial cable market is the shift towards fiber deep networks. With increasing traffic loads on hybrid fiber coaxial networks, communication service providers are gradually transitioning to fiber deep architectures. This involves laying optical fibers closer to customer premises for better performance and connectivity. Fiber deep networks offer bandwidth advantages, higher speeds and lower maintenance costs compared to conventional coaxial networks. Transition to such networks will generate substantial demand for coaxial drop cables as well as fiber-to-the-distribution point equipment. Additionally, the emergence of new coaxial cable designs able to support upwards of 1 GHz bandwidth will further aid market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: High upfront costs and brand loyalty act as barriers for new players to enter the market.

Bargaining power of buyers: Large buyers have significant bargaining power due to standardized products and ability to switch between providers easily.

 Bargaining power of suppliers: Few global suppliers and differentiated products give suppliers moderate bargaining power.

Threat of new substitutes: New technologies pose threats but cable infrastructure investments and switching costs protect the market.

Competitive rivalry: Intense competition due to well established players and presence of regional players.

North America is the largest geographical region for the coaxial cable market in terms of value. The region accounts for approximately 34% share of the global market due to high demand for cable subscription services and well established cable infrastructure. Asia Pacific region is anticipated to witness fastest growth during the forecast period. Rapid digitalization and adoption of high speed internet in countries like India and China offers immense opportunities for coaxial cable providers in Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.