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Coaxial Cables Market size is set to grow by USD 2.97 billion from 2024-2028, Adoption of cables for broadband internet access boost the market, Technavio

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NEW YORK, July 1, 2024 /PRNewswire/ — The global coaxial cables market size is estimated to grow by USD 2.97 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.68%  during the forecast period. Adoption of cables for broadband internet access is driving market growth, with a trend towards growing investment in the aerospace sector. However, declining catv subscriber base in several countries  poses a challenge. Key market players include Alpha Wire Inc., Amphenol Corp., Belden Inc., Coleman Wires and Cables, CommScope Holding Co. Inc., Habia Cable AB, Hengxin Technology Ltd., HUBER SUHNER AG, Infinite Electronics Inc., Infinite Electronics International Inc., Kingsignal Technology Co. Ltd., Leoni AG, LS Cable and System Ltd., Prysmian Spa, Southwire Co. LLC, Sumitomo Electric Industries Ltd., TE Connectivity Ltd., Trigiant Group Ltd., W. L. Gore and Associates Inc., and Zhuhai Hansen Technology Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Coaxial Cables Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.68%

Market growth 2024-2028

USD 2975.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.39

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 44%

Key countries

China, US, Japan, Germany, and South Korea

Key companies profiled

Alpha Wire Inc., Amphenol Corp., Belden Inc., Coleman Wires and Cables, CommScope Holding Co. Inc., Habia Cable AB, Hengxin Technology Ltd., HUBER SUHNER AG, Infinite Electronics Inc., Infinite Electronics International Inc., Kingsignal Technology Co. Ltd., Leoni AG, LS Cable and System Ltd., Prysmian Spa, Southwire Co. LLC, Sumitomo Electric Industries Ltd., TE Connectivity Ltd., Trigiant Group Ltd., W. L. Gore and Associates Inc., and Zhuhai Hansen Technology Co. Ltd.

 

Market Driver

The aerospace and defense industry relies heavily on coaxial and micro-coaxial cables for interconnecting essential electronic components in aircraft. Isolation of radio signals is crucial for effective communication between aircraft and air traffic control, making coaxial cables indispensable. With increasing aircraft production by major manufacturers like Airbus and Boeing due to delivery delays, the commercial aviation sector’s growth is expected. APAC, Europe, and MEA are key regions for commercial aircraft demand, which will necessitate over 33,000 new aircraft by 2025. This trend is projected to significantly expand the global coaxial cables market. 

The coaxial cable market is experiencing significant growth due to the increasing demand for high-speed internet and digital television services. Cabling solutions, such as coaxial cables, play a crucial role in delivering these services efficiently. The use of coaxial cables in broadband networks and digital television systems is on the rise. Additionally, the integration of coaxial cables in smart homes and buildings is a trending application. The market for coaxial cables is expected to continue its upward trajectory, driven by technological advancements and increasing consumer demand. The sector consists of companies that manufacture, distribute, and install coaxial cables and related components. These companies focus on improving cable performance, reducing costs, and expanding their product offerings to meet evolving market needs. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The coaxial cables market faces challenges from the declining CATV subscriber base in developed countries. Consumers are shifting towards streaming, satellite TV, and IPTV services due to their affordability and flexibility. SVoD providers like Netflix, Hulu, and Amazon Prime Video offer per-view or single channel subscriptions, allowing consumers to avoid paying for unwanted channels. Despite a smaller content library, these services are causing significant losses to the CATV industry. Additionally, the ability to access SVoD services from any Internet-enabled device contributes to their growing popularity. The revenue growth of streaming service providers poses a significant threat to the coaxial cables market during the forecast period. However, the increasing demand for CATV in developing countries will provide some growth opportunities.The coaxial cables market faces several challenges in its implementation and usage. One major challenge is the increasing demand for higher bandwidth and faster data transfer rates. This requires the development of more advanced coaxial cable technologies, such as fiber-coaxial hybrid systems and DOCSIS 3.1. Another challenge is the cost-effectiveness of coaxial cable systems compared to fiber optics. The high initial investment and maintenance costs can be a barrier for smaller businesses and organizations. Additionally, the issue of signal attenuation over long distances and interference from external sources can limit the reach and reliability of coaxial cable networks. Radial frequency interference and cable deterioration are also concerns that need to be addressed to ensure optimal performance. Overall, the coaxial cables market must innovate and adapt to meet the evolving demands of the digital world while maintaining cost-effectiveness and reliability.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This coaxial cables market report extensively covers market segmentation by  

End-user 1.1 Telecommunication1.2 Transportation and military1.3 CATV providers1.4 OthersApplication 2.1 Video distribution2.2 Internet data transfer2.3 Radio frequency transferGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Telecommunication-  The coaxial cables market experiences growth due to increasing demand for mobile and wireless communication in developing regions, particularly APAC and MEA. Telecom equipment, including telephone switching stations and mobile communication towers, require interference-free signals for optimal data and voice transmission. The shift towards 4G and 5G networks, driven by rising mobile subscriptions and Internet usage, fuels this demand. Despite challenges in network coverage and low internet speeds, countries are investing in upgrading infrastructure to increase connectivity. The telecommunication sector’s transition to 5G technology and the impact of COVID-19 on digital transformations further accelerate market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

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Research Analysis

The Coaxial Cables Market encompasses the production, distribution, and consumption of coaxial cables used for various applications, including high-speed data connectivity for Internet and cable television services. These cables are essential infrastructure in smart urban areas, contributing significantly to economies by facilitating reliable data transfer and video distribution. The hard-line cable sector, which includes coaxial cables, competes with triaxial cables in providing radiating radiofrequency transfer for analog signals. The market caters to various industries, such as military and aerospace, telephone service providers, and Internet service providers, to ensure uninterrupted Internet data transfer and television services. Coaxial cables’ role in radiofrequency transfer is crucial in the cable television industry, making them an indispensable component of modern communication systems.

Market Research Overview

The Coaxial Cables Market encompasses the production, supply, and installation of coaxial cables worldwide. These cables, featuring a central conductor with an insulating layer, a braided shield, and an outer insulating layer, support the transmission of data and analog signals. The market’s growth is driven by the increasing demand for high-speed internet, digital television, and telecommunications services. Coaxial cables offer several advantages, including high bandwidth, low signal loss, and the ability to carry both data and power. The market is segmented based on applications, such as telecommunications, cable television, and broadband networks. The future of the Coaxial Cables Market looks promising, with advancements in technology leading to the development of more efficient and cost-effective solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userTelecommunicationTransportation And MilitaryCATV ProvidersOthersApplicationVideo DistributionInternet Data TransferRadio Frequency TransferGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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On World Cleanup Day 2024, VIAIM’s Newly Launched Service Upgrade Provides Added Multilingual Support and Commitment to Environmental Goals, Helping to Shape a More Sustainable Future

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — VIAIM,  an AI technology hardware company deeply rooted in the smart office sector, is marking the inaugural World Cleanup Day 2024, which falls on September 20, with the official launch of a service package upgrade, reinforcing its dedication to both innovation and environmental responsibility.

This upgrade introduces Malay and Thai language support, expanding the total number of supported languages from 11 to 13. With these additions, VIAIM is taking another step towards making seamless cross-cultural communication more accessible, especially for users across Southeast Asia. At the same time, the Company continues to align its operations with sustainability efforts, lowering the usage threshold for customers and offering environmentally friendly solutions that contribute to a greener planet.

As part of VIAIM’s latest service package upgrade, users enjoy enhanced features designed to make their work and daily lives more efficient. These include free transcription and translation time, along with increased access to To-do List and Summary functions, providing customers with more comprehensive functionality at no additional cost.

These upgrades not only reflect the brand’s core philosophy of “user-first”, but also emphasize VIAIM’s commitment to continuously enhancing user experiences. Now, users can manage tasks more effectively, saving time and reducing the need for additional services, making their workflow more streamlined and productive.

Beyond product and service innovations, VIAIM remains committed to its environmental goals, aligning with global best practices in environmental, social, and governance (ESG) initiatives. VIAIM believes that, just as its users seek to improve their daily lives through technology, the company must contribute to a better world for future generations.

VIAIM is fully committed to environmental protection and sustainable development through its use of molded pulp, an environmentally friendly material for packaging while maintaining a laser focus on technology upgrades that reflect its customer-centric philosophy. The company utilizes molded pulp, an eco-friendly packaging material, to minimize environmental impact, while its smart office solutions contributes to a paperless workplace, further reducing waste. This dual focus on customer convenience and sustainability enhances the overall value that VIAIM delivers to its global customer base.

“Innovation serves as a breakthrough in technology and is also a cornerstone of environmental and social responsibility,” said TOM, Product Manager of VIAIM. “With our latest service upgrades, we not only improve the user experience but also make it easier for our customers to participate in sustainable practices. By embracing these advancements, users can contribute to environmental preservation, while enjoying the benefits of advanced cross-language support and smarter office tools. VIAIM’s mission is to bridge technological innovation with social responsibility, inviting our customers to join us in creating a brighter, more sustainable future.”

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

CONTACT:
Qian Wang
wangqian@vision-intelligence.tech

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SOURCE VIAIM

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G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

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ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.

Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.

Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”

In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.

“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”

By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.

About G42

G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today.
To know more visit www.g42.ai.

Media contacts
Media and PR Team, G42
media@g42.ai

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Kawasaki and CB&I Sign Strategic Collaborative Agreement for Promoting Commercial-Use Liquefied Hydrogen Supply Chain

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HOUSTON, Sept. 19, 2024 /PRNewswire/ — Kawasaki Heavy Industries, Ltd. (Kawasaki) and CB&I, a wholly owned unrestricted subsidiary of McDermott, announced today their signing of a strategic agreement for promoting a commercial-use liquefied hydrogen (LH2) supply chain and realizing a zero-carbon-emission society. The signing ceremony took place at Gastech Exhibition & Conference in Houston on September 18, 2024.

“We are very pleased for this opportunity to build and launch a commercial liquefied hydrogen supply chain in cooperation with CB&I,” said Motohiko Nishimura, President, Energy Solutions & Marine Engineering Company, Kawasaki Heavy Industries, Ltd. “By taking advantage of both companies’ strengths and specialized know-how, we aim to cost down hydrogen, strengthen hydrogen supply chain competitiveness, and accelerate the transition to a zero-carbon society.”

Both companies will use their specialized know-how to provide infrastructure that will enable commercial-scale international LH2 supply chains in order to help achieve carbon-neutrality. By leveraging our combined expertise to deliver large-scale LH2 infrastructure solutions, CB&I and Kawasaki are removing barriers, driving down costs and enhancing scalability across the entire supply chain.

“This strategic partnership represents a significant advancement in liquid hydrogen storage capabilities,” said Mark Butts, Senior Vice President of CB&I. “Our technical expertise and extensive experience in liquid hydrogen storage position us at the forefront of the energy transition, delivering reliable storage solutions and executing projects worldwide with proven success.”

Under this agreement, the companies will provide infrastructure to advance the global realization of a sustainable energy economy and meet decarbonization targets. This collaboration will reduce LH2 infrastructure costs and contribute to more widespread use of this clean and efficient energy source.

About CB&I
CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is a wholly owned unrestricted subsidiary of McDermott. To learn more, visit www.cbi.com.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About Kawasaki Heavy Industries, Ltd.
Kawasaki Heavy Industries, Ltd. is general engineering manufacturer with over 125 years of experience manufacturing products spanning land, sea and air. Kawasaki established the Kawasaki Group’s new vision statement, “Group Vision 2030: Trustworthy Solutions for the Future,” and is focusing on three fields, “A Safe and Secure Remotely-Connected Society,” “Near-Future Mobility,” and “Energy and Environmental Solutions” in order to provide solutions for social issues. For “Energy and Environmental Solutions” in particular, by securing the technology necessary for the entire supply chain (for production, transportation, storage and utilization) ahead of the rest of the world, Kawasaki aims to bring about a society that utilizes hydrogen, the ultimate clean energy that emits no carbon dioxide when used. To learn more, visit https://global.kawasaki.com/en.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits from the collaboration agreement discussed in this press release.  Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

For media inquiries, please use the contact information below:

Reba Reid
Global Media Relations
+1 281 588 5636
RReid@McDermott.com

Kristi Krupala-Grove
CB&I Media Relations
+1 346 313 9636
KKrupala2@mcdermott.com

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SOURCE McDermott International, Ltd

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