by The North America Coaxial Cable Market comprising a description of product and advantages, rising need for broadband connectivity
The Global North America Coaxial Cable Market is estimated to be valued at US$ 5253.71 Billion in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period from 2024 to 2030.
Key Takeaways
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 players are focusing on investments in research and development activities to develop innovative products and gain competitive advantage in the market.
The demand for coaxial cable is growing in North America region driven by increasing deployment of broadband networks as access to high-speed internet becomes essential. Growing consumption of OTT content is further augmenting the demand.
Major players are expanding globally to tap growth opportunities in developing markets of Asia Pacific and Latin America. Mergers and acquisitions are helping key players to strengthen their distribution networks and product portfolios.
Market Key Trends
The North America Coaxial Cable Market Demand is witnessing rapid growth owing to increasing penetration of broadband services. Several countries have launched national broadband plans with targets to connect rural areas by 2024. This is creating significant demand for coaxial cables for telecommunication network expansion. Furthermore, the launch of 5G network infrastructure will require fiber deep architectures with coaxial cables for last mile connectivity. The growing investments by telecom operators and internet service providers to upgrade network infrastructure will continue to drive the coaxial cable market during the forecast period.
Porter’s Analysis
Threat of new entrants: The North America coaxial cable market requires high initial investment and presence of established players.
Bargaining power of buyers: Large buyers have considerable bargaining power over cable providers due to multiple competitors.
Bargaining power of suppliers: Cable suppliers have lower bargaining power due to availability of substitutes and focus on economies of scale.
Threat of new substitutes: Optical fibers and wireless technologies pose threat of substitution though coaxial cables still dominate for distribution of cable TV signals.
Competitive rivalry: Competition is high among existing players due to focus on product development, pricing strategies and expansion.
Geographical regions with high market value concentration
The United States dominates the North America coaxial cable market accounting for over 90% of the regional market value in 2024. This is due to high cable TV and internet penetration coupled with expanding CATV infrastructure.
Fastest growing geographical region
Canada is projected to witness highest CAGR during the forecast period supported by government focus on improving broadband infrastructure especially in rural areas, increasing subscriber base for paid TV and internet services as well as upgrade of aging coaxial networks.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
