Cable Modem Equipment Market Size, Share, and Industry Analysis, By Product Type (Cable Modems, Cable Modem Routers, and Cable Modem Gateways), By End User (Residential, Small and Medium Businesses, and Large Enterprise), and Regional Forecast, 2024-2032

Cable modem equipment is a device used to connect a home or business to the internet via a cable television network. These devices typically consist of a modem, which receives digital data signals from the cable provider's network, and sometimes a router, which allows multiple devices within the premises to connect to the internet wirelessly or through wired connections. The rising adoption of internet-based services such as video streaming, cloud computing, and online gaming, is boosting the demand for high internet speed. This factor creates the demand for advanced cable modem equipment, which supports faster data transfer rates and handles higher bandwidths.

The rising popularity of wireless connectivity and increasing demand for integrated solutions have led to the growth of the cable modem equipment market. The market expansion is also fuelled by the escalating penetration of 5G services across the globe and rising government investment in the expansion of wireless connections. For instance, according to the Ericsson Mobility Report, the 5G penetration rate in India is projected to grow by 11% over 2023 to 2029. Moreover, in April 2024, a reputed telecommunication corporation, America Movil, based in Mexico, planned to invest around USD 7.1 billion for the expansion of fiber and 5G services in data centers, which creates the demand for cable modems. Such developments are set to boost the market growth.

The COVID-19 pandemic has had a mixed impact on the industry expansion due to disruptions in the supply chain and halted manufacturing activities. Moreover, the pandemic accelerated the demand for cable modems across residential, small enterprises, and medium enterprises, owing to rising work-from-home (WFH) policies among various workplaces. The rising penetration of 5G services across the globe provides lucrative opportunities for the growth of the market.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Consolidated SWOT Analysis of Key Players

Segmentation

 Analysis by Product Type:

Based on product type, the market is segmented into cable modems, cable modem routers, and cable modem gateways.

The cable modem segment is projected to dominate the market owing to increasing internet penetration and rising demand for high-speed internet. Besides, key players are introducing new technologically advanced products, fostering market growth.

The cable modem router segment is anticipated to grow moderately during the forecast period. This is owing to the surging demand for integrated devices that offer wireless network distribution and high-speed internet connectivity.

The cable modem gateway segment is anticipated to expand at a decent rate, owing to advancements in Wi-Fi technology and the rising popularity of smart home devices, which require robust and integrated networking solutions. All such factors drive the market growth.

Regional Analysis

The global cable modem equipment market has been studied across five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

The Asia Pacific region is anticipated to dominate the market owing to rapid urbanization and a surge in the demand for high-speed internet connectivity. This has led to the increasing adoption of cable modems and cable broadband services, which subsequently raised the equipment demand across India, China, and Japan, among others.

The North American region is anticipated to grow steadily due to the high penetration of internet services and technological advancements in cable modem equipment such as DOCSIS 3.1 and Wi-Fi-6 technology. Additionally, government investments in expanding internet connectivity drive market growth.

The Europe market is projected to exhibit moderate growth during the forecast period. This is due to the relatively high broadband penetration rates and the presence of major players in the region.

The Middle East & Africa and South America markets are projected to grow decently during the forecast period. Soaring investments in the expansion of 5G services and increasing demand for high-speed internet services fuel the market growth.

Distribution of the Global Cable Modem Equipment Market, By Region of Origin:

• North America – 25%


• Europe – 29%


• Asia Pacific – 33%


• Middle East & Africa – 8%


• South America – 5%

Key Players Covered

The key players in this market include CommScope (Arris), Netgear, Zoom Telephonics, Cisco-Linksys, UBee, ZyXel, TP-Link, SMC, D-Link, and Toshiba.

Key Industry Developments

• March 2024: Netgear introduced a new Nighthawk DOSCIS 3.1 high-speed internet cable modem CM3000 for providing high speed internet connectivity. This modem device can support up to 2.5 GBPS and has a high upload speed of 1 GBPS.


• October 2023: Arris, a subsidiary of CommScope, launched a new ARRIS SURFboard Wi-Fi 7 cable modem for internet connection. It has a high speed internet connectivity of 10 GBPS and can be used for residential and industrial enterprises.