Coaxial cables are highly beneficial for transmitting cable television signals and delivering high-speed internet. They can carry signals over long distances with minimal loss of quality. Coaxial cables consist of an inner conductor surrounded by a flexible, plastic-type insulating layer, with a woven outer conductor tightly wrapped around it. This design allows coaxial cables to carry signals with very little interference or loss of quality. The growing digitization and increasing consumption of online streaming services has significantly augmented the demand for high-speed internet connectivity in North America. Coaxial cable systems provide internet connectivity faster than traditional copper wires or fiber optics in certain areas.
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 key trends:
There is a growing demand for self-install coaxial cables in the region. Self-install coaxial cables are those cables that come with quick-connect ends so that customers can install them without assistance from professional installers. This saves time and reduces installation costs for internet service providers as well as subscribers. Self-install cables with snap-on connectors are becoming increasingly popular in North America as people prefer DIY installation methods. Advancements in cable materials and connectors have increased the viability of self-installation of coaxial cables. This is a major trend being witnessed in the North America coaxial cable market.
Threat of new entrants: The threat of new entrants is moderate as setting up a coaxial cable manufacturing plant requires high initial investment. However, ease of raw material availability and technology makes the barrier low.
Bargaining power of buyers: The bargaining power of buyers is high as the North America coaxial cable market has the presence of many regional and global manufacturers providing substitute products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as key raw materials like copper, PVC, and aluminum are commoditized and globally traded.
Threat of new substitutes: The threat of new substitutes is moderate as fiber optic cables and wireless technologies are emerging as alternatives for internet connectivity.
Competitive rivalry: The competitive rivalry is high due to the presence of global and regional players competing on pricing and product innovation.
Global North America Coaxial Cable Market Demand is expected to witness high growth. 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.
North America dominates the coaxial cable market owing to high demand for broadband internet and continuous network expansion projects by telecom operators in the region. The US accounts for the largest share in the North America coaxial cable market due to increasing penetration of internet connectivity in residential and commercial sectors. Moreover, investment in 5G infrastructure and broadband connectivity projects are fueling the demand.
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.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it