Insights Into The Coaxial Cables Market’s Growth Opportunities Through 2023-2032 – Includes Coaxial Cables Market Trends
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The use of coaxial cables in cable broadband globally are expected to drive innovation in coaxial cables manufacturing, thus driving the market during the forecast period.
The global coaxial cables market is expected to grow from $31.63 billion in 2022 to $34.43 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The global coaxial cables market size is expected to grow to $46.69 billion in 2027 at a CAGR of 7.9%.
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- By Type: Hard-line Cable, Triaxial Cable, Twin Axial Cable
- By Applications: Internet Data Transfer, Video Distribution, Radio Distribution Frequency Transfer, Other Applications
- By End-User: Cable Television Industry, Military and Aerospace, Internet Service Providers, Telephone Network Operators, Communication Equipment Manufacturers, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global coaxial cables market in 2021.
Major Market Players in the coaxial cables market include Belden, General Cable, LS Cable and System, Nexans, Prysmian Group, Amphenol, TE Connectivity Ltd., Nexans SA, L-Com Global Connectivity.
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 Coaxial Cables Global Market Report 2023 provides a coaxial cables market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The coaxial cables market forecast analyzes coaxial cables market size, coaxial cables market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Coaxial cable is a type of copper cable that has an inner conductor protected by a layer of insulation, that is enclosed by a shield of tabular conduction to reduce the interaction with electrical and radio frequencies, allowing faster and more stable signal delivery. Coaxial cables are used for transmitting data and radio frequency over a distribution network, primarily used in cable television, telephone service providers, military and aviation sectors, and other industries.
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