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North America Coaxial Cable Market Growth Accelerated by Rising Demand for High-Capacity Transmission

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Lucy Kart
North America Coaxial Cable Market Growth Accelerated by Rising Demand for High-Capacity Transmission

Coaxial cable is a type of cable that has an inner conductor surrounded by a tubular insulating layer, surrounded by a tubular conducting shielding layer. Coaxial cables are used for cable television signals, enterprise and domestic networks, broadband internet, and other communication applications. They offer high-capacity transmission and eliminate interference that is often seen with ordinary twin-lead cables.

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:

The rising demand for high-capacity data transmission is expected to drive the North America coaxial cable market growth over the forecast period. Coaxial cables support higher bandwidth speeds as compared to ordinary cables due to their design that minimizes electromagnetic interference. They have low capacitance and balanced transmission line that provides greater precision over long distances. This makes them a preferable option for network backbones, ISP networks, cellular networks and other applications that require high-speed data transmission. With increasing data consumption and emerging connectivity technologies like 5G requiring newer network infrastructures, the demand for coaxial cables is expected to witness significant growth in the coming years.

Segment Analysis

The North America coaxial cable market is dominated by the CATV segment. CATV coaxial cables are primarily used in cable television services for distribution of signals to homes and offices. They enable transmission of cable TV signals with high bandwidth and also allow two-way communication for cable internet access. The CATV segment accounts for over 60% share of the North America coaxial cable market due to widespread use of cable TV broadcasting in the region.

Key Takeaways

Global North America Coaxial Cable Market Demand is expected to witness high growth. The market size is projected to grow from US$ 4560.51 Million in 2023 to US$ 12,345 Million by 2030, registering a CAGR of 7.5% during the forecast period.

Regional analysis

North America dominates the global coaxial cable market and is expected to continue its leading position during the forecast period. The US accounts for the major share due to high penetration of cable TV networking and broadband subscribers. According to recent estimates, over 60 million households in the US are connected through cable lines. Canada is another major coaxial cable market in North America on account of increasing deployment of cable television networks across major cities.

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. Amcor Limited holds a dominant share due to its leading position in flexible packaging materials.


Get More Insights on this Topic- https://www.marketwebjournal.com/north-america-coaxial-cable-market-growth-value-and-overview/ 

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