April 22, 2024
North America Coaxial Cable Market

North America Coaxial Cable Market is Estimated to Witness High Growth Owing to Rising Adoption of Hybrid and Digital TV broadcast Technologies

The North America coaxial cable market is characterized by the presence of numerous coaxial cable manufacturers who provide standardized as well as customized coaxial cables to end users. Coaxial cables find widespread application in transmitting video, audio, control, and other signals. They offer advantages such as low transmission loss, low latency, reliability, and security over long transmission distances. With the rapid adoption of hybrid and digital TV broadcast technologies in the region, the demand for coaxial cables from media & entertainment industry is surging.

The 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 2030.

Key Takeaways

Key players: 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.

Key opportunities: rising demand for high bandwidth networks for cloud services and OTT platforms, growing trend of multi-dwelling units, increasing investments by telecom operators in 5G infrastructure are some of the key opportunities in the North America coaxial cable market.

Global expansion: Leading market players are expanding their global footprint by enhancing regional connectivity through coaxial cables. Joint ventures and strategic partnerships are helping these players to strengthen distribution networks and customer base across North America.

Market drivers: Rapid industrialization and urbanization are driving the demand for coaxial cables from industrial automation and smart city infrastructure development applications. Further, the rising adoption of connected & autonomous vehicles requiring high-speed data networks for infotainment and telematics is a major market driver.

The North America Coaxial Cable Market Growth is driven by rising adoption of hybrid and digital TV broadcast technologies in the region which has increased the demand for coaxial cables from media & entertainment industry for transmitting audio, video and other signals over long distances. Other major drivers include rapid industrialization, growing investments in 5G infrastructure and increasing popularity of connected vehicles.

PEST Analysis

Political: The North America coaxial cable market is influenced by government regulations and defense budgets. Changes in laws and regulations related to the telecommunications industry and infrastructure impact investments in the deployment of coaxial cables. Economic: High demand for broadband internet services and increasing adoption of smart homes and IoT devices drive investments in the expansion and upgrade of communication networks in North America. This spurs demand for coaxial cables to support transmission across networks. Social: Rapid advancements in communication technologies along with growing consumer expectations of high-speed connectivity are fueling the demand for next-generation broadband networks. 5G rollouts require faster infrastructure to support enhanced mobile broadband, which positively impacts the North America coaxial cable market. Technological: Development of advanced coaxial cables with enhanced frequency range, higher data transmission speeds, and improved signal quality enable long distance transmission of high-bandwidth signals. Adoption of innovative materials in cable insulation further improves durability and signal attenuation performance.

In terms of value, the North America region accounts for the largest share of the coaxial cable market owing to well-established telecommunication and cable networks. Majority of the demand comes from the United States which has high broadband and internet penetration levels. Infrastructure upgrades to deploy fiber deeper into networks and rollout of 5G services drive investments in high-performance coaxial cables. The Asia Pacific region is projected to be the fastest growing market during the forecast period supported by digitalization initiatives, rising internet connectivity in developing nations, and upcoming 5G infrastructure rollouts across various countries. China and India represent highly lucrative growth opportunities as telecom operators ramp up fiber network deployments and mobile operators work on commercializing 5G services.

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