The global coaxial cable market size reached USD 35,633 million in 2024 and is expected to be worth around USD 48,354 million by 2034, growing at a CAGR of 3.1% from 2024 to 2034.
Coaxial cable market is an integral segment of the semiconductor and electronic market. Coaxial cable is a type of copper cable specifically built with a metal shield and other components engineered for blocking signal interference. These cables carry high-frequency electrical signals with low losses through sources such as computers to displays. Coaxial cables are commonly used by cable operators, telephone companies and internet service providers worldwide for transmitting data, video and voice communications to customers.
The upsurge in usage of internet connections, dependable data transfer and development in the IT and telecom sector and increased digitization market of television networks across the globe is fuelling the demand for development and installation of coaxial cables in the market. Furthermore, the excellent physical properties such as faster transmission, higher bandwidth over long ranges and protection from noise and interference are factors anticipating the expansion of the market growth of coaxial cables.
The accelerated development in the telecom sectors and IT industries is increasing the requirement of coaxial cables thereby generating favourable circumstances for the key market players in the upcoming years.
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| Stats ID: | 7177 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7177 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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