COAXIAL CABLE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global coaxial cable market is facing intense competition from other alternative cabling technologies such as fiber optics cable. Fiber optics cable has emerged as a more future proof and high-speed technology compared to conventional coaxial cables. It can offer much higher bandwidth and bigger network capacity to support growing data transmission needs. Telecom operators and ISPs are increasingly upgrading their network infrastructure with fiber optics to offer data speeds like 5G in future. This is negatively impacting demand for coaxial cables. Furthermore, wireless technologies like WiFi are also substituting short-distance coaxial connections within buildings. With ever increasing demand for high broadband speeds, consumers are also willing to pay more for advanced fiber optics networks. Unless coaxial cable manufacturers focus on further improving their product portfolio to meet high-speed networking needs, their market share could decline substantially in coming years.

Market Opportunity: Expansion of contactless biometrics in emerging markets and untapped industries for market

The global coaxial cable market has huge untapped growth opportunity in expanding adoption of contactless biometrics solutions across developing countries like U.S., Canada, China, etc. Biometric technologies that use radio frequency signals for contactless fingerprint and face authentication require specialized coaxial cables to transmit signals with high accuracy over certain distances. Many emerging markets in Asia Pacific and Latin America still have very low penetration of biometric access control systems in commercial buildings, transportation facilities and manufacturing plants. As these countries continue to urbanize and enhance infrastructure security, demand for coaxial cables from biometric system integrators is expected to surge. Even within developed industries, certain sectors like healthcare, education, retail have lagged behind in deploying biometrics. If coaxial cable manufacturers strategically target these emerging applications, they can tap into long term sales opportunities beyond traditional ICT and cable TV segments.