February 21, 2024
North America Coaxial Cable
Ict

North America Coaxial Cable Market Driven by Surging Demand for High-Speed Broadband Connectivity

Coaxial cables play a vital role in transmitting signals for cable television and high-speed internet over medium to long distances. Coaxial cables consist of a solid or stranded copper conductor surrounded by a flexible plastic insulator layer, and an outer shield of woven metal or braided copper wire. They deliver reliable data transmission with minimal loss of signal quality owing to their robust construction. As access to high-speed broadband becomes increasingly important, demand for coaxial cables is rising in North America to support wider network coverage across cities and suburban areas.

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, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the North America coaxial cable market is the shift towards higher bandwidth networks to support 5G connectivity and applications. With 5G promising data speeds over 10 times faster than 4G, high-bandwidth coaxial cables such as tri-shield and double-blind coaxial cables are gaining popularity. Compared to traditional coaxial cables, these next-generation cables have more advanced shielding to minimize external interference and maximize throughput. Leading network providers are upgrading their infrastructure with higher bandwidth coaxial networks to deliver multi-gigabit speeds to both residential and business customers. This widespread network enhancement drives the demand for higher performance coaxial cables in the region.

Porter’s Analysis
Threat of new entrants: The North America coaxial cable market is moderately difficult for new players to enter due to the high capital requirements needed to build infrastructure and the dominance of well-established key players in the region. However, the consistent demand for high speed internet drives opportunities.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes like fiber optic cables. However, coaxial cables continue to be preferred for video applications and lower installation costs provide buyers with reasonable options.
Bargaining power of suppliers: A few major suppliers exist with specialized capabilities and technologies for coaxial cables, giving them significant power over buyers. However, the regional market is still competitive enough to prevent adverse suppression of buyers.
Threat of new substitutes: While fiber optic cables and wireless technologies pose a threat, coaxial cables continue gaining demand for applications that require their benefits like lesser installation costs, which maintains their position in the industry.
Competitive rivalry: The market sees intense competition among the major players aiming to strengthen their market share through partnerships, mergers and acquisitions, and new product launches across key countries.

Key Takeaways
The Global North America Coaxial Cable Market Demand is expected to witness high growth over the forecast period.

Regional analysis: The US dominates the North America coaxial cable market and is expected to maintain its leading position during the forecast period. Canada is also emerging as a key market in North America.

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. These major players are focusing on partnerships, mergers and acquisitions and new product launches to gain competitive advantage in the market.

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