Press release
Coaxial Cables Market Report 2024: Strategies And Recent Developments | Belden Inc., General Cable, LS Cable and System, Nexans SA, Prysmian Group, Amphenol Corporation, TE Connectivity Ltd., L-Com Global Connectivity, CommScope
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Coaxial Cables Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The coaxial cables market size has grown strongly in recent years. It will grow from $33.84 billion in 2023 to $36.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to telecommunications expansion, television broadcasting, military and aerospace applications, networking and data transmission, .
The coaxial cables market size is expected to see strong growth in the next few years. It will grow to $45.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to 5g technology, internet of things (iot), satellite communications, video streaming and high-definition tv, automotive connectivity. Major trends in the forecast period include high-frequency coaxial cables, miniaturization, improved shielding, low-loss cables, eco-friendly materials.
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Market Segmentation:
The main types in the coaxial cable market are hard-line cable, triaxial cable, and twin axial cable. The hardline cable in the coaxial cable market refers to the hardline cable that is used in the subscriber's home for connections to amplifiers. These are applicable in internet data transfer, video distribution, radio distribution frequency transfer, and others. These are used in the cable television industry, military and aerospace, internet service providers, telephone network operators, communication equipment manufacturers, and other end users.
Major Driver - Coaxial Cables Market Growth Fueled By The Rise Of Cable Broadband
During the historic period, the use of coaxial cables in cable broadband globally contributed to the coaxial cables market's growth. Cable broadband offers a variety of benefits due to its affordability and innovations such as high speed, enhanced reliability, and high download peak times. According to a study, in India, the cable TV industry connects over 100 million households. It has enormous coverage and connects over 1500 cities, deep into urban and rural areas with last-mile connectivity. The multiple system operators (MSOs) are the operators, operating multiple cable TV systems, and give access to the majority of homes via fixed-line coaxial cable, which can be easily upgraded to carry high-speed broadband. The use of coaxial cables in cable broadband drove the growth of the coaxial cables market.
Competitive Landscape:
Major companies operating in the coaxial cables market include Belden Inc., General Cable, LS Cable and System, Nexans SA, Prysmian Group, Amphenol Corporation, TE Connectivity Ltd., L-Com Global Connectivity, CommScope, Habia Cable, Hengxin Technology, Kingsignal Technology, Trigiant Group, W. L. Gore & Associates Inc., Zhuhai Hansen Technology, Allied Wire & Cable, American Broadcasting Company, Columbia Broadcasting System (CBS), FOX Corporation, National Broadcasting Company (NBC), Coleman Cable, Southwire Company LLC, Alpha Wire, Sumitomo Electric Industries Ltd., Dacon Systems Inc., New England Wire Technologies Corp., No Time Delay Electronics, Northwire Inc., Casmo Cable, Micro-Tek Corp., Maury Microwave, ANOISON Electronics LLC, Anritsu, Bolton Technical, Carlisle Interconnect Technologies, Cinch Connectivity Solutions, Times Microwave Systems, Huber+Suhner AG, Pasternack Enterprises Inc., RF Industries, Molex LLC, Radiall, Rosenberger, Samtec Inc., WireMasters Inc.
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Top Trend - Increasing Fire-Resistant Cable Production To Meet Growing Construction Industry Demand
Many cable manufacturing companies are increasing their fire-resistant cable production capacities to keep pace with the increasing demand from the construction industry. Fire-resistant cables are usually required in emergency operations in critical electrical circuits to reduce fire transmission and ensure the highest level of safety. They have a sheet to prevent the leakage of smoke and toxic gases during fire incidents. Such cables are designed for wiring in large residential, industrial, and manufacturing buildings. For instance, in May 2022, Nexans S.A., a France-based company operating in cable and optical fiber, introduced the next-generation fire-resistant cable. Nexans' fire-resistant cables are fully dielectric and are more flexible as compared to metallic armored cables due to the use of fiber-reinforced plastic (FRP) armor, which does not require grounding, is easier to handle with rodent protection, is waterproof, and can operate over a wide temperature range.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Coaxial Cables Market Characteristics
3. Coaxial Cables Market Trends And Strategies
4. Coaxial Cables Market - Macro Economic Scenario
5. Coaxial Cables Market Size And Growth
…..
27. Coaxial Cables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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