North America Coaxial Cable Market is driven by growing demand for high-speed internet connectivity
The North America coaxial cable market enjoys a wide application spectrum ranging from cable television networks, broadband internet, and telephony networks. Coaxial cables offer high data transmission capacity as well as high reliability. Unlike fiber optics, coaxial cables do not require expensive terminating equipment. This has sustained their usage especially for broadband internet where connections are provided to individual homes as well as businesses. Cable television continues to be a primary application area for coaxial networks in North America.
The Global North America Coaxial Cable Market is estimated to be valued at US$ 5253.71 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.
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. Growing demand for high-speed data networks from businesses and households is a key growth driver. Introduction of 5G networks and expansion of broadband internet services to rural regions will further aid market growth. North America Coaxial Cable Market Share continues to be a leading region in terms of per capita usage of internet and number of households with fixed broadband connections. This sustains strong demand for coaxial cable-based infrastructure. Key players are also investing in R&D to introduce new coaxial cable designs capable of delivering internet speeds exceeding 1 Gbps.
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