Press release
Global Cable Modem Market 2024-2033: Trends, Analysis & Growth Forecast
The cable modem market size is expected to see strong growth in the next few years. It will grow to $12.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand for gigabit internet, rise of remote work and learning, growing bandwidth requirements, energy efficiency initiatives, enhanced network management solutions.. Major trends in the forecast period include evolution of multi-gigabit ethernet connectivity, global connectivity initiatives, integration with wi-fi 6 technology, advanced network virtualization, quality of service (qos) optimization, 5g integration and coexistence..
Market Overview -
A cable modem is a network link that provides bi-directional data transmission to a hybrid fiber-coaxial, radiofrequency through the glass, and coaxial cable infrastructure using radio frequency channels. A cable modem makes use of coax cable, the identical infrastructure that brings tv programming to enterprises or homes by providing high internet access by transmitting and receiving data through digital packets.
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Elevating Demand For High-Speed Broadband Networks Boosts The Cable Modem Market
The rising demand for high-speed broadband networks is contributing to the growth of the cable modem market. High-speed broadband networks refer to the transmission of wide bandwidth data over a high-speed internet connection. Cable modem service enables cable operators to provide high-speed broadband using the same coaxial cables, as a result, the rising demand for high-speed broadband networks increases the demand for the cable modems market. For instance, according to Cisco, a US-based technology company, states that, the proportion of Machine-to-Machine (M2M) connections will rise from 33% in 2018 to 50% by 2023. By 2023, there will be 14.7 billion M2M connections. Therefore, the increasing demand for high-speed internet is expected to propel the growth of the cable modem market going forward.
Competitive Landscape -
Major companies operating in the cable modem market report are CommScope Inc., NETGEAR Inc., TP-Link Technologies Co. Ltd., Ubee Interactive Inc., Zoom Telephonics Inc., Zyxel Communications Corporation, Arcadyan Technology Corporation, ARRIS International LLC, Askey Computer Corporation, Aurora Networks Inc., Broadcom Inc., Casa Systems Inc., Castle Net Technology Inc., C-COR Inc., Cisco Systems Inc., D-Link Corporation, Harmonic Inc., Hitron Technologies Inc., Huawei Technologies Co. Ltd., Lindsay Broadband Inc., Motorola Solutions Inc., NetComm Wireless Limited, Nokia Corporation, Sagemcom Broadband SAS, Surat Municipal Corporation, Technicolor SA, Vecima Networks Inc., Toshiba Corporation, Blurex Corporation, Windstream Holdings Inc.
Innovative Product Offerings Drive Advancements In The Cable Modem Market
New product innovations have emerged as a key trend gaining popularity in the cable modem market. Major companies operating in the cable modem sector are focused on introducing new innovative products to sustain their position in the market. For instance, in October 2021, CommScope, a US-based company that manufactures cable modems, launched ARRIS SURFboard G34, G36 DOCSIS 3.1 Cable Modem, and Wi-Fi 6 Routers based on AX3000 Wi-Fi 6 technology. This system enables customers to experience faster speeds in their home network.
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Key Segments -
The cable modem market covered in this report is segmented -
1) By Type: External Cable Modems, Internal Cable Modems, Interactive Set-Top Box
2) By Connectivity: Wired, Wireless
3) By Application: Residential, Commercial, Industrial, Schools and Institutes, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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