Hybrid Fiber Coaxial Market size was over USD 13.74 billion in 2024 and is anticipated to cross USD 31.92 billion by 2037, growing at more than 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hybrid fiber coaxial is estimated at USD 14.48 billion.
Higher cost-efficiency of hybrid fiber coaxial (HFC) networks. HFC networks leverage existing coaxial cable infrastructure, which was primarily built for cable TV services. By using the existing infrastructure, service providers can avoid the substantial cost of deploying new fiber optic cables, which makes HFC a cost-effective option for network expansion and upgrades.
Furthermore, the expansion of the industry is further boosted by rising demand for unmanned aerial vehicles (UAVs). In 11 different countries, 56 different types of UAVs are in operation. This covers 807 drones in active operation around the world (excluding China, Russia, and Turkey). By establishing a network of HFC infrastructure in an area, UAVs can connect to the network to receive commands, transmit telemetry data, and communicate with ground control stations. This allows for real-time monitoring control and coordination of multiple drones in the airspace.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.7% |
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Base Year Market Size (2024) |
USD 13.74 billion |
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Forecast Year Market Size (2037) |
USD 31.92 billion |
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Regional Scope |
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Component (Optical Transceiver, CMTS/CCAP, Fiber Optic Cable, Amplifier, Optical Node, Splitter, CPE)
The CMTS/CCAP segment is projected to hold 38% share of the global hybrid fiber coaxial market in the year 2037. With the rising demand for video streamlining, digital gaming, and online game streaming, the need for CMTS/CCAP is rising. Since, over the hybrid fiber coaxial network, the CMTS/CCAP provides much faster bandwidth in comparison to conventional cable modems. There are around 3 billion active video game players worldwide. There are predicted to be more than 3 billion players worldwide by 2024. Moreover, Music streaming platforms have 524 million subscribers, while video streaming services have nearly 2 billion.
Technology (DOCSIS 3.0 & Below and DOCSIS 3.1)
The DOCSIS 3.1 segment is expected to garner a significant share of around 46% in the year 2037. The DOCSIS 3.1 is a greater version of DOCSIS 3.0 and many service providers, such as Mediacom, Optimum, Xfinity, Cox, and Spectrum have started the deployment of DOCSIS 3.1 in the HFC networks. The growing demand for high internet speed has contributed to the segment’s growth. DOCSIS 3.1 can offer download speeds up to 10Gbps, which is ten times faster than DOCSIS 3.0. On the other hand, the DOCSIS 3.1 is more secure than other technology, and it is equipped with WPA3, which has security feature of advanced levels.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Technology |
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Type |
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End User |
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North American Market Forecast
The North America hybrid fiber coaxial market is projected to be the largest with a share of about 37% by the end of 2037. The market growth in the region is attributed to the growing penetration of the internet in the region. By 2023, nearly 92 percent of people in the United States have access to the Internet. The United States is one of the world's largest online markets, with about 299 million internet users by 2022. Moreover, the United States was responsible for around 86% of HFC sales in 2023. Furthermore, the development of high-quality IoT infrastructure is also expected to augment the region’s market growth.
APAC Market Analysis
The Asia Pacific hybrid fiber coaxial market is estimated to be the second largest, registering a share of about 24% by the end of 2037. Rising efforts by the government for widespread digitization are expected to boost market growth in the region. The Indian Telegraph Right of Way (Amendment) Rules, 2022, would encourage more rapid and simpler development of telegraph infrastructure, allowing for a faster 5G rollout. Owing to all such initiatives, there was a 200% increase in rural internet subscriptions between 2015 and 2021, and urban areas witnessed a 158% rise in internet subscription. On the other hand, China is the world’s largest user of hybrid fiber coaxial, it accounted for around 32% of the entire global sales.
Author Credits: Abhishek Verma
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