The North America coaxial cable market comprises cable lines that deliver radio frequency signals and power through a central conductor surrounded by an insulating layer, surrounded by a woven metallic shield. Coaxial cable is widely used by cable television providers to transmit cable television signals and provide broadband internet from the cable headend to customers. Major players manufacturing coaxial cables include Belden Inc., LS Cable & System, Prysmian Group, Nexans, and General Cable Technologies Corporation.
The global North America Coaxial Cable Market is estimated to be valued at US$ 4560.51 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The North America coaxial cable market is primarily driven by growing demand for fast and reliable internet connectivity. Rapid digitization and proliferation of smart devices have led to significant increase in data consumption, necessitating high-speed broadband networks. As coaxial cables have higher bandwidth capacity compared to other cable types, they are increasingly being deployed for broadband services, especially in developing markets. Additionally, ongoing infrastructure upgrades by ISPs to expand fiber backbone and deploy DOCSIS 3.1 standard is further augmenting demand for coaxial cables in North America. Furthermore, growing penetration of cable TV services and adoption of multi-system operators (MSOs) is boosting utilization of coaxial cables for signal transmission. However, increasing preference for wireless and fiber optic networks may hinder market growth over the forecast period.
Segment Analysis
The North America coaxial cable market can be segmented by type into hard-line cable and soft-line cable. The hard-line cable segment is dominating the market and accounts for over 60% share owing to its higher bandwidth capacity and better shielding from external interferences compared to soft-line cable. It can also be segmented by application into broadband, transportation, video distribution, military/aerospace, and others. The broadband segment has the highest share as coaxial cables are ideal for fast and reliable internet connections.
PEST Analysis
Political: The market is positively impacted by government initiatives towards high-speed internet for all in countries like the US and Canada.
Economic: The growth of the economy and demand for bandwidth-intensive applications is driving the need for high-speed internet networks propelling the market.
Social: Rising popularity of OTT platforms and online gaming has increased data consumption necessitating network upgrades and extensions.
Technological: adoption of DOCSIS 3.1 and higher specifications enable cable operators to offer internet speeds of over 1 Gbps driving investments in coaxial infrastructure.
Key Takeaways
Global North America Coaxial Cable Market Demand is expected to witness high growth over the forecast period supported by ongoing investments in cable infrastructure to enable delivery of broadband and video services. The global North America Coaxial Cable Market is estimated to be valued at US$ 4560.51 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030.
Regional analysis – The US market accounts for over 80% share of the North America coaxial cable market owing to continuous expansion of hybrid fiber-coaxial networks driven by consumer demand for high-speed internet access.
Key players – Key players operating in the North America coaxial cable market are Amcor Limited, Westrock Company, TetraPak International S.A., Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corporation, Mondi PLC, Huhtamaki OYJ, BASF SE, Ardagh Group S.A, Ball Corporation, Crown Holdings, Inc., DS Smith Plc, Genpak LLC, and International Paper Company.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it