Global Coaxial Cable Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

1. Global Coaxial Cable Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research The Global Coaxial Cable Market is expected to witness a CAGR of ~5% during the forecast period (2022-2028). The market accounted for US$ 25 billion in 2017 and is estimated to be US$ 35 billion in 2022. Further, the market is forecasted to reach a size of US$ 50 billion by 2028. Due to the rising telecommunication and IT industry. A significant rise in the demand for internet connection is also fueling the growth of the coaxial cable market. Global Coaxial Cable Market Revenue Historic Growth and Forecast (US$ Bn), 2017 –2028 ~US$ 50 Bn by 2028F ~USD$ 25 Bn by 2017 ~USD$ 35 Bn by 2022E Source: Ken Research Analysis For more information, request a free sample Key Growth Drivers  Significant rise in usage of the internet is driving the growth of the coaxial cable market as higher bandwidth requires secure and competent transmission lines to function without signal loss. Cisco, an American multinational technology company, mentioned that by 2023, nearly 60% of the mobile devices and connections globally will have 4G+ capability, surpassing 3G and below-capable devices and connections by severalfold.  Advancement in the telecom industry is further propelling the growth of the global coaxial cable market. Coaxial cable is used to convey data, video, and voice communication to customers. Invest India, a national investment promotion and facilitation agency reported that the telecom industry in India is the second largest in the world with a subscriber base of 1.17 billion as of July 2022 (wireless and wireline subscribers).  The diminishing number of subscriptions for cable television, owing to its high cost compared to online streaming platforms, is likely to hamper the growth of the global coaxial cable market. According to the Capital News Service (CNS), a news organization, stated that the basic plan of DirecTV costs US$ 75, and DTH costs US$ 70, on the other hand

2. online streaming video platforms such as Netflix, Hulu, and Disney Plus, HBO Max, and other is offering basic plan at an average cost of US$ 8.  Furthermore, advancement in technology in form of fiber optic cables is hampering the growth of the coaxial cable market. Fiber optic internet transmission speed is faster than coaxial cables, which makes it ideal for large companies.  COVID-19 has decelerated the growth of the coaxial cable market. Increased use of subscription-based applications such as Netflix, Prime Video, Disney Plus, and others, were all those factors that reduce the usage of coaxial cables. But as the market is recovering and restrictions are easing down, it is estimated that the coaxial cable market will recover shortly. According to Ericsson, a Swedish networking and telecommunication company, 5G subscriptions grew by 70 million during Q1 2022 to around 620 million and by the end of 2027, 5G subscriptions are expected to reach 4.4 billion. As the use of the internet rises, the need for better and high-quality cable also ascends, which is expected to propel the growth of the coaxial cable market. Key Trends by Market Segment: By Cable Type: The RG cable segment held the largest market share of the Global Coaxial Cable market in 2021. RG-type coaxial cables are commonly used in community antenna television (CATV) for residential and commercial installations.  RG-type coaxial cables are available in various sizes and applications in the market such as RG6 used for cable television, RG8 used for radio stations, and RG11 used for video distribution.  Multiple companies offer coaxial cables under a single RG-type segment such as Nexans, Huber+Suhner, Belden Inc., and Commscope.  Amphenol RF, a division of Amphenol Corporation, in October 2022, announced the expansion of the cable assembly portfolio with additional BNC to MCX and MMCX configurations. These assemblies are designed on flexible RG316 cable and offer reliable electrical performance.

3. Global Coaxial Cable Market Revenue Share by Type, 2021 RG Cable Hardline Cable Triaxial Cable Source: Ken Research Analysis For more information, request a free sample By Application: The radio frequency transfer segment accounted for the largest market share in 2021, as it is used for multiple wired connections such as Wi-Fi, phones, television cables, and others.  A coaxial cable is an electric cable used to transmit radio frequency from one point to another. Radio frequency transfer has multiple applications including computer network connections, antennas, and the distribution of cable television signals. Wi-Fi is the key component in radio frequency transfer applications, as it helps in transferring secure and reliable data from one point to another. Increasing average Wi-Fi speed is a driving factor for the global coaxial cable market, as higher bandwidth requires high-quality cables to transfer the data. According to Cisco, the average Wi-Fi network connection speed of 30.3 Mbps in 2018 will exceed 91.6 Mbps by 2023.

4. Projected Average Wi-Fi Network Connection Speeds (in Mbps) by Regions, 2018-2023 120 60 0 Global Asia Pacific Latin America North America Western Europe Central and Eastern Europe Middle East and Africa 2018 2019 2020 2021 2022 2023 Source: Cisco, Ken Research Analysis For more information, request a free sample By End-User: Internet service provider is likely to be the fastest growing segment during the forecast period (2022–2028), owing to the increasing demand for data across the world. Internet service providers require cable to transmit the data from one end to another.  According to Cisco, the total number of internet users is projected to grow from 3.9 billion in 2018 to 5.3 billion by 2023 at a CAGR of 6% worldwide.  As per Cisco, by 2023, the top three 5G countries in terms of the percentage of devices and connections shared on 5G will be China at 20.7%, Japan at 20.6%, and the United Kingdom at 19.5%. By Geography: Asia Pacific accounted for the largest market share within the global coaxial cable market in 2021, owing to the growing mobile telecommunication networks.  Invest India, the national investment promotion and facilitation agency reported that the telecom industry in India is the second largest in the world with a subscriber base of 1.17 billion as of July 2022 (wireless and wireline subscribers).  According to the International Trade Association (ITA), a U.S. agency that promotes trade and investment, in 2020 stated that over the next five years, the four Japanese carriers including NTT Docomo, KDDI au, Softbank, and Rakuten Mobile, will spend more than US$14 billion combined in capital expenditure to build its 5G networks. In 2019, U.S. suppliers exported more than US$720 million in telecom equipment to Japan. Cisco in its annual internet report, 2018-2023 mentioned that Asia Pacific internet users as a percentage of the regional population are forecasted to grow by 20%, which is highest among other regions.

5. Major Regions by Revenue Share within Global Coaxial Cable Market, 2021 North America Europe Largest Region Asia Pacific LAMEA Source: Ken Research Analysis For more information, request a free sample Competitive Landscape: The Global Coaxial Cable market is highly competitive with ~250 players which include globally diversified players, regional players as well as a significant number of country-niche players having their niche in coaxial cable manufacturing and distributing to multiple end-user industries. Most of the global players are dealing in the manufacturing of different varieties of cables. Global players constitute about 20% of the competitors by type, while regional players hold the second largest share of competitors. Some of the major players in the market include Belden Inc., Prysmian Group, Amphenol Corporation, HUBER+SUHNER, Leoni AG, Sumitomo Electric Industries, Ltd., TE Connectivity, Nexans, and others. CommScope, Trigiant Group Limited,

6. Competitive Landscape of Global Coaxial Cable Market - Estimated Market Revenue Share by Competitor Type and Porter’s 5 Forces Analysis of Industry Estimated Number of Competitors by Type, 2021 Porter’s 5 Forces Analysis of Industry, 2022 Bargaining Power Of Suppliers: MODERATE 20% 45% Internal Competitive Rivalry: HIGH Bargaining Power Of Buyers: HIGH 35% Global Players Regional Players Threat Of Substitutes: MODERATE Threat Of New Entrants: MODERATE Country-Niche Players Source: Ken Research Analysis For more information, request a free sample Recent Developments Related to Major Players  In August 2022, Amphenol RF introduced reduced interference with low PIM NEX10 coaxial adapters. NEX10 adapters can be used where RF signals need to be combined or distributed to an antenna in multi-operators, and multiband DAS applications.  In September 2021, Nexans entered into a share purchase agreement with Xignux SA of Mexico to acquire Centelsa, a premium cable maker in Latin America. Conclusion The global coaxial cable market witnessed significant growth during the period 2017-2021, surging growth of data and communication, and increasing demand for high-frequency signals without signal loss are driving the growth of the coaxial cable market. The growth rate is expected to remain moderate during the forecast period. Though the market is highly competitive with ~250 participants, the global players dominate the market share, and regional players also hold a significant share. Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a Ken Research has recently published report titled, Global Coaxial Cable Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions in the Coaxial Cable markets. The revenue used to size and forecast the market for each segment is US$ billion.

7.  Hardline Cable  Triaxial Cable  RG Cable By Cable Type  Internet Data Transfer  Video Distribution  Radio Frequency Transfer By Application  Cable Television Industry  Military & Aerospace  Internet Service Providers  Telephone Network Operators  Communication Equipment Manufacturers By End-User  North America (USA, Canada, Mexico)  Europe (Germany, UK, France, Spain, Italy, Rest of Europe)  Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)  LAMEA (Latin America, Middle East, Africa)  Belden Inc.  Prysmian Group  Amphenol Corporation  CommScope  Trigiant Group Limited  HUBER+SUHNER  Leoni AG  Sumitomo Electric Industries, Ltd.  TE Connectivity  Nexans By Geography Key Companies