Coaxial Cable Assemblies Market Trends, Industry & Size 2030

Report Description

The EMEA & Latin America coaxial cable assemblies market was valued at USD 12,203.2 million in 2020 and is projected to reach USD 19,226.4 million by 2028, expanding at a CAGR of 6.6% during the forecast period. Coaxial cable assemblies are commonly used for transmitting data, video and voice communications, and high-speed internet. These cables are made from copper and aluminum shields. Increasing investment in the aerospace industry is propelling the market.

Expansion of infrastructure and construction sectors and rising defense spending are expected to drive the market over the forecast period. Coaxial cables are a transmission line, which includes a tube that is electrically conducting material, surrounded by a central conductor which is held in place by insulators.

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Report Scope

Market Dynamics

Increasing adoption of coaxial cable assemblies in several industries such as medical, aerospace, telecom, computer and peripherals, military, and test and measurement is driving the market. The coaxial cable assemblies market is anticipated to grow over the forecast period, owing to its wide range of applications. Low cost of installation fuels the adoption of coaxial cable assemblies. Coaxial cable assemblies offer various advantages such as fast network speed, high efficiency of business applications, high bandwidth along with low signal loss, and less power consumption, which is increasing the adoption of coaxial cable assemblies.

Growing economical activities along with rapidly increasing urbanization are projected to propel the market in the coming years. Rising demand and urbanization from different demographic segments result in growing requirements of services like telecom and internet access. Hence, the demand of coaxial cable assemblies is increasing. The expansion of such sectors is expected to fuel the market over the forecast period. Demand for telephone services is increasing in remote areas, which drives the market.

Coaxial cable assemblies are majorly used in the aerospace and defense industries. It is used for providing interconnection among essential electronic components in airplanes. Radio communication equipment is highly needed in airplanes, which increases the adoption of coaxial cable assemblies in electronic communication. Many countries have specific needs of military-grade micro-coaxial cables, which are provided by manufacturers. Huge investments for improvement on military communication infrastructure in countries are anticipated to boost the market in the coming years.

Several manufacturers are present in the coaxial cable assemblies market, which increases the competition among them. Such high intensity of rivalry among these companies is expected to hinder market growth in the coming years. Raw materials need for manufacturing coaxial cables are plastic or rubber-based ingredients such as PVC grains. Organic polymer materials are majorly silicon rubber or fluorine plastic, and copper material is required for wires. Rising prices of raw materials such as copper is expected to negatively affect the market over the forecast period.

Rising demand for high-speed data is anticipated to propel the market in the coming years. Demand for maximized signal integrity, improved quality, and high quality of 4K and ultra-high-definition displays in rural areas is projected to boost the market in the coming years. Internet penetration in rural areas of economies along with the growing number of telecom subscribers is expected to fuel the demand for coaxial cable assemblies over the forecast period.

Segment Outlook

By Products

Based on Products, the global Coaxial cable assemblies market are segmented into custom/application specific assemblies, rectangular assemblies, radio frequency (RF) assemblies, circular assemblies, fiber optics assemblies, printed circuit board (PCB) assemblies, and others. The others segment is further divided into ribbon cable assemblies, medical cable assemblies, power cable assemblies, and computer cable assemblies. The custom/application specific assemblies segment is projected to grow at a significant pace during the forecast period, due to its advantages such as design and customization of cables, which serves the requirement of the custom or specified application. Custom cable assemblies save money, as it reduces unnecessary extra payment. The only drawback is that it needs more time and planning while placing an order.

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By Applications

Based on Applications, the global coaxial cable assemblies market are segmented into automotive, telecom, computers and peripherals, industrial, military & aerospace, and medical. The military & aerospace segment held a significant market share, due to rising demand for coaxial cable assemblies for protective covering, military ground vehicles, airframe point-to-point wiring, shielding, and other high-current applications.

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By Region

Based on regions, the global coaxial cable assemblies market is segmented into Europe, Latin America, and Middle East & Africa. Europe is projected to expand at a significant CAGR during the anticipated period, owing to increasing applications of coaxial cable assemblies in the industrial and manufacturing, electronic, medical, and automotive sectors in the region.

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Key Benefits for Industry Participants & Stakeholders

• In-Depth Analysis of the Coaxial cable assemblies Market.
• Historical, Current, and Projected Market Size in Terms of Value.
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints, and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on coaxial cable assemblies Market Performance